You can open a share certificate with $500 and . EBITDAre is not intended to be used as a measure of the Company's cash generated by operations or its dividend-paying capacity, and should therefore not replace GAAP net income (loss) as an indication of the Company's financial performance or GAAP cash flow from operating, investing and financing activities as measures of liquidity. Contributor Simply Wall St Simply Wall St Published Oct 7, 2022. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. share price of SUN COMMUNITIES for computation.). He has been actively involved in the management, acquisition, construction and development of manufactured housing communities and has developed an extensive network of industry relationships over the past thirty years. Tweet This. View and export this data all the way back to 1998. 1 Want to view more results? 2023 Forbes Media LLC. Higher the net worth of an organization, the greater will be the impact on GDP. Americas +1 212 318 2000. All rights reserved. Its market cap has decreased by -9.37% in one year. As of June 30, 2021, the Company had approximately $4.3 billion in debt outstanding. The new credit agreement combines and replaces SCOLP's $750.0million credit facility which was scheduled to mature May 21, 2023, and the $1.8billion credit facility of the Company's marina subsidiary, Safe Harbor Marinas, LLC (the "Safe Harbor Facility") which was scheduled to mature on October 11, 2024. Investors utilize EBITDAre as a supplemental measure to evaluate and compare investment quality and enterprise value of REITs. We have validated the data to the best of our knowledge. Sun Communities (SUI) Stock Price Performance, Total Enterprise Value to Total Revenue (ttm). 27777 Franklin Road Suite 200 Southfield Michigan 48034 United States. The firm operates through the following segments: Real Property Operations and Home Sales and Rentals. Callers outside the U.S. or Canada can access the call at (201) 689-8470. If this is your first time here, please enroll first, then log on. Liz Brumer-Smith owns Sun Communities. The maintenance staff has been fantasticThe Facebook page of residents makes me feel more connected to everyone." Below is a list of 5 lowest weekly values of SUI's net worth in 2022. Making the world smarter, happier, and richer. The company is a fully integrated real estate investment trust (REIT) listed on the New York Stock Exchange under the symbol: SUI. Net Income per Diluted Share of $0.04 and .
www.netcials.com does not make any warranties about the completeness, reliability and accuracy of this information. Feel free to access them. Use Forbes logos and quotes in your marketing. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen.
The Company believes that GAAP net income (loss) is the most directly comparable measure to NOI. Speak Now (Taylors Version) starts with more than 700,000 units shifted. Feb 28, 2023 - Are you also wondering how much money is NYSE:SUI - Sun Communities making . Sun Communities is also in the process of acquiring Park Holidays UK, the premier mobile home and RV resort operator in the U.K. Resident at Cypress Greens (FL), "My parents lived here and my brother currently lives here. Every organization and even individual has a role to play in improving and sustaining the GDP of the respective country. Sun Communities, Inc. operates as a real estate investment trust (REIT). Its total debt ratio is 5.7 times earnings before taxes, interest, depreciation, and amortization (EBITDA), which is slightly elevated, but historically this debt ratio has fluctuated between 4 times to 7 times without major concern. In June 2021, the Company entered into an At the Market Offering (ATM) Sales Agreement (the "Sales Agreement") with certain sales agents, forward sellers, pursuant to which the Company may sell, from time to time, up to an aggregate gross sales price of $500.0million of its common stock. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Company Overview Established in 1975, Sun Communities became a publicly owned corporation in December, 1993. It is | Source:
As of March 31, 2023, the Company owned, operated, or had an interest in a portfolio of 671 developed MH, RV and Marina properties comprising . Pros & Cons. 2023 Sun Communities All Rights Reserved. As of June 30, 2021, the margin based on our credit ratings was 0.850 percent on the New Credit Facility. MH and RV Acquisitions and Other Summary(13)(amounts in thousands except for statistical data). and well give you ours competitive wages, great benefits and a rewarding and collaborative workplace in which you can learn, grow and set Sun has been listed on the New York Stock Exchange since 1993 under the symbol: SUI. SUI's net worth for the quarter Q3-2022 was $19.034 Billion. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. N/M = Percentage change is not meaningful. In December 1993, the company became a public company via an initial public offering. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. At June 30, 2021, the Company's net debt to trailing twelve month Recurring EBITDA(1) ratio was 5.1 times. Words such as "forecasts," "intends," "intend," "intended," "goal," "estimate," "estimates," "expects," "expect," "expected," "project," "projected," "projections," "plans," "predicts," "potential," "seeks," "anticipates," "anticipated," "should," "could," "may," "will," "designed to," "foreseeable future," "believe," "believes," "scheduled," "guidance," "target" and similar expressions are intended to identify forward-looking statements, although not all forward looking statements contain these words. Additional Reading. Here we are going to compare the net worth of SUI with the GDP of some of the biggest economies.
Sun Communities offers vibrant, active, welcoming places for the way you want to live. Sun Communities, Inc. Sun Communities, Inc. Reports 2021 Second Quarter Results. Sun Communities reports have an aggregate usefulness score of 4.8 based on 174 reviews. As the pandemic lingers on, the company is simply benefiting from soaring demand for mobile homes, both for rent or sale, as well as for RVs and boat slips. (20)Expansion and development expenditures consist primarily of construction costs and costs necessary to complete home and RV site improvements, such as driveways, sidewalks and landscaping at our MH communities and RV resorts. Learn more. The weighted average interest rate was 3.5 percent and the weighted average maturity was 10.4 years. In short you will know how rich or big is SUN COMMUNITIES. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. The net proceeds from the offering were $592.4million, after deducting underwriters' discount and estimated offering expenses. The Company also uses FFO excluding certain gain and loss items that management considers unrelated to the operational and financial performance of our core business ("Core FFO"). I love a good value buy. Manufactured Housing Institute as winner of the Community Operator of the Year award. These activities, which are mandated by strict manufacturer's installation requirements and state building code, include items such as new foundations, driveways, and utility upgrades. Year to date June 30, 2021, the Company completed the construction of over 350 sites in three ground-up development and over 230 expansion sites in three MH communities and one RV resort. NOI should not be considered to be an alternative to GAAP net income (loss) as an indication of the Company's financial performance or GAAP cash flow from operating activities as a measure of the Company's liquidity; nor is it indicative of funds available for the Company's cash needs, including its ability to make cash distributions. EBITDA provides a further measure to evaluate ability to incur and service debt and to fund dividends and other cash needs. (10)Same Community supplies and repair expense excludes $0.5million and $0.9million for the three and six months ended June 30, 2020, respectively, ofexpenses incurred for recently acquired properties to bring the properties up to the Company's operating standards, including items such as tree trimming and painting costs that do not meet the Company's capitalization policy. You will also find the best and worst weeks for SUI with regard to market cap. The most common way to calculate net worth for a certain period is to multiply the number of outstanding shares with the average share price for the same period. The Marina segment operates marinas and is in the business of acquiring and operating marinas throughout the U.S. Sun Communities entered 2022 in a strong financial position, with more than enough cash on hand to cover its dividend payments and debt maturities coming due in 2022. Enjoy rental homes that give you more for your money. Jonathan Colman owns about 25,112 units of Sun Communities Inc common stock. However, the maturity date with respect to $500.0million of available borrowing under the New Credit Facility is October 11, 2024, which may not be extended. Asia Pacific +65 6212 1000. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. All Rights Reserved. A conference call to discuss second quarter results will be held on Tuesday, July27, 2021 at 11:00 A.M. (ET). (14)Includes MH and annual RV sites, and excludes transient RV sites, as applicable. Canadian currency figures in the prior comparative period have been translated at 2021 average exchange rates. Im very happy here." [6], In 1996, Sun RV Resorts was established. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. Change value during other periods is calculated as the difference between the last trade and the most recent settle. These include items such as: upgrading clubhouses; landscaping; new street light systems; new mail delivery systems; pool renovation including larger decks, heaters, and furniture; new maintenance facilities; and new signage including main signs and internal road signs. What was Gary A Shiffman's Salary in 2020? If you find data inaccuracies kindly let us know using the contact form so that we can act promptly. The Recreational Vehicle segment focuses on the development of recreational vehicle resorts and is in the business of acquiring, operating and developing ground up resorts throughout the U.S. and in Ontario, Canada. We offer affordable manufactured housing options that combine the home features you desire with community amenities that encourage a healthy and active lifestyle. (18)Lot modification capital expenditures are MH expenditures necessary to improve the asset quality of the community. Despite its share prices being down 14%, its overall performance is stronger than ever. To date, the Michigan based REIT has more than 422 communities consisting of more than 141,000 sites in 33 states and Ontario, Canada. Hints, clues and the daily Wordle answer. Non-GAAP Financial Measures and Portfolio Performance, Gary Shiffman, Chief Executive Officer stated, "Sun's ongoing strong momentum continued through the second quarter, as we saw robust performance across RV, Manufactured Housing and Marinas. [11], In September 2020, the company acquired Safe Harbor Marinas for $2.11 billion.
Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. All rights reserved. Additionally, Mr. Shiffman, through his family-related interests, has had significant direct holdings in various real estate asset classes, which include office, multi-family, industrial, residential and retail. All the best shows and movies to stream this weekend on every streaming service. For the six months ended June 30, 2021, total revenues increased $432.3million, or 70.5 percent, to $1.0billion compared to approximately $613.6million for the same period in 2020. The Manufactured Home Communities segment owns, operates, and develops manufactured housing communities and is in the business of acquiring, operating, and developing ground up communities to provide housing solutions. In One Battle, It Took Just A Single Russian Tank To End The Shock. Daily market news in bullet point format. The estimated net worth of Bruce Thelen is at least $3.38 million as of August 9th, 2022. Net worth usually oscillates on lines with the share price. All Rights Reserved. Explore our Homes Arizona California Colorado Connecticut Florida Indiana Michigan New Hampshire New York Ohio South Carolina Texas "The manager is awesome and made everything so easy for me, from paperwork to approving a couple of exterior improvements Resident at Southern Palms (SC). Market Cap 17.76B Enterprise Value 25.14B 1-Year Change -9.37% Ranking # 562 Category Large-Cap Stock Price $ 136.28 Market Cap Chart The Company is providing revised or initial 2021 guidance for the following metrics: Seasonality of Core FFO(1) per fully diluted Share is based off of the midpoint of full year guidance. A replay will be available following the call through August10, 2021 and can be accessed toll-free by calling (844) 512-2921 or (412) 317-6671. Kym And Mark Hilinski Use Foundation Work To Honor Late Son, Raise Mental Health Awareness, Taylor Swift Charts Her Twelfth No. Support. How to solve today's Wordle. Pre-owned home sales were 1,617 in the six months ended June 30, 2021 as compared to 1,115 in the same period in 2020, an increase of 45.0 percent. We will be using this approach throughout this report. However, we will be using the "market value" method stated in the first paragraph of this section.
Source: Kantar Media, Sun Home Services, Inc., Sun Communities, Inc., Bingham Financial Services Corp., Jewish Federation of Metropolitan Detroit, Equinox Holdings, Inc., 14th Street Local Development Corp., 30 Hy Wm Reit LP, Trinity Episcopal School Corp., Hudson Residences A4 LLC, Hudson Yards Phase 3 A2 LLC, ICG Hypersonic Acquisition Corp., The Urban Land Institute, The Union Square Partnership, The Real Estate Roundtable, The Mount Sinai Medical Center, Inc., energyRe LLC, Sun Communities, Inc., Lincoln Center for the Performing Arts, Inc., The Wharton School of the University of Pennsylvania, University of Michigan, Central Park Conservancy, Inc., The Partnership for New York City, Inc., Robin Hood Foundation, HY Manhattan Tower A-10 LLC, Hy Manhattan Tower A-8 LLC, HY Manhattan Tower A-11 LLC, HY Manhattan Tower A-4 LLC, HY Manhattan Tower A-6 LLC, HY Manhattan Tower A-7 LLC, Hudson Yards Phase 3 A1 LLC, HY Manhattan Tower A-9 LLC, HY Manhattan Tower A-3 LLC, Sun Communities, Inc., Oakland University (Michigan), Chairman, President & Chief Executive Officer, Total Insider Purchases and Sales Reported to the SEC, Vanguard US Total Market Shares Index ETF, Vanguard Institutional Total Stock Market Index Trust, Principal Investors - Real Estate Securities Fund, Cohen & Steers Real Estate Securities Fund, Capital Research & Management Co. (World Investors). We also deployed over $719 million in acquisitions, including six marinas as we begin to realize the meaningful consolidation opportunity we have in the marina industry. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The regular price of the company is $157.9. Upon entering into the Sales Agreement, the Company simultaneously terminated its previous ATM sales agreement entered into in July 2017. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. During the quarter ended June 30, 2021, the Company completed the construction of over 100 sites in two ground-up developments and over 120 expansion sites in two MH communities and one RV resort. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. (16)Total sites for development were comprised of approximately 77.9 percent for expansion, 19.8 percent for greenfield development and 2.3 percent for redevelopment. Charter Number: Number: 09296 : Sun Community Routing Number 1: ABA Routing Number: 322275296: Financials: Assets: $712.86 Million: Loans: $471.2 Million: Net Worth Ratio The remainder of its portfolio is in RV resorts (19%) and marina wet slips and dry storage (19%), which are both doing exceptionally well right now. Copyright FactSet Research Systems Inc. All rights reserved. (13)MH and RV acquisitions and other is comprised of eight properties acquired and five properties that the Company has an interest in, but does not operate in 2021, 23 properties acquired in 2020, two Florida Keys properties that require redevelopment as a result of damage sustained from Hurricane Irma in 2017, seven recently opened ground-up developments, one property undergoing redevelopment, four properties previously classified as held for sale and other miscellaneous transactions and activity. 2023 Stock Analysis. ^ Annual distribution is based on the last quarterly distribution annualized. The commercial nature of the Penguin UAS, coupled with its modular nature, has the potential to provide Ukraine a competitive edge in the Russia-Ukraine war. Ukrainian Marines Use Shock Tactics To Terrify Russian Troops. On June 28, 2021, Sun Communities Operating Limited Partnership ("SCOLP"), the Company's operating partnership, issued $600.0million of senior unsecured notes with an interest rate of 2.7 percent and a ten-year term, due 2031. Growth opportunities in 2022 could put the company even further ahead. This net worth estimate does not reflect any other assets that Mr. Shiffman may own. The current estimated net worth of Sun Communities Inc's EVP, Jonathan Colman, is estimated to be about $6.29M . Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. I love this place and have found nothing but help and kind people here. We have used quarterly avg. Net income attributable to common stockholders increased $92.7million or 216.5 percent, to approximately $135.6million, or $1.22 per diluted common share, compared to net income attributable to common stockholders of $42.8million, or $0.45 per diluted common share, for the same period in 2020. Sun Communities executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. our team is considered one of our most valuable assets, and we ensure we offer a fun and rewarding workplace! On average, Gary trades about 18,921 units every 67 days since 2003. EMEA +44 20 7330 7500. accolades: we've been ranked as a top 100 workplace by the detroit free press for the past 6 consecutive years.
In addition to the risks disclosed under "Risk Factors" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2020 and in the Company's other filings with the Securities and Exchange Commission from time to time, such risks, uncertainties and other factors include but are not limited to: Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.