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. Total MH and annual RV occupancy was 97.4 percent at June 30, 2021, compared to 97.3 percent at June 30, 2020, an increase of 10 basis points. Fundamental company data and analyst estimates provided by FactSet. Below is a visual representation of the top 5 net worth weeks of SUN COMMUNITIES. Copyright 2023 Netcials. Sun Communities net worth as of May 24, 2023 is $16.07B. For the brightest, opportunities abound as we continue to expand. [3], Gary Shiffman serves as chairman and chief executive officer of Sun Communities, Inc., and has been a director and an executive officer since the company's inception in 1993.[4]. Sound of Freedom has earned $85 million since it opened in theaters on July 4. The net proceeds from the offering were $592.4million, after deducting underwriters' discount and estimated offering expenses. All the best shows and movies to stream this weekend on every streaming service. 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. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Sun Communities net worth as of May 09, 2023 is $16.88B . Jonathan Colman Net Worth & Insider Trades - Benzinga (a) Total wet slips and dry storage spaces are adjusted each quarter based on site configuration and usability. International stock quotes are delayed as per exchange requirements. Below is a chart for lowest weeks of SUN COMMUNITIES's net worth corresponding to the data in the above table. 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. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. The Real Property Operations segment owns, operates, and develops manufacture housing communities and recreational vehicle communities throughout the United States and is in the business of acquiring, operating, and expanding manufactured housing and recreational vehicle communities. Southfield, MI, July 26, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") communities, recreational vehicle ("RV") resorts and marinas, (collectively, the "properties"), today reported its second quarter results for 2021. There are 5 sections in this report. We offer affordable manufactured housing options that combine the home features you desire with community amenities that encourage a healthy and active lifestyle. After the first weekend following the All-Star break concluded, the AL East possessed an entire division consisting of five teams with at least 50 wins. Management believes the use of FFO has been beneficial in improving the understanding of operating results of REITs among the investing public and making comparisons of REIT operating results more meaningful. Please address all inquiries to our Investor Relations department. Sun Communities NYSE:SUI Stock Report - Simply Wall St about us: sun communities, inc is the nation's premier provider of manufactured home communities and rv resorts. UMH Properties, Inc. Gary Shiffman Net Worth - Sun Communities CEO Salary As of 2022, Gary Shiffman's net worth could be estimated to be between 100-150 million USD. Investors and economists use the net worth metric to compare and evaluate organizations. Pre-owned home sales were 931 in the second quarter 2021 as compared to 471 in the same period in 2020, an increase of 97.7 percent. Sun has been listed on the New York Stock Exchange since 1993 under the symbol: SUI. RAISING THE BAR ON RETIREMENT LIVING Fundamental company data and analyst estimates provided by FactSet. SUI | Sun Communities Inc. Financial Statements - WSJ Want to know the peak attained by SUI's market cap during 2022? 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. Sun Communities, Inc. (NYSE:SUI) insider upped their holding by - Yahoo Right now, Sun Communities is trading at roughly 28 times its FFO, meaning today's price is lower than recent highs, but it's still on the more richly valued side of things. We have lived here for 4 yearsfrom the management office all the way to the corporate office, Sun has gone above and beyond" All rights reserved. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. He reportedly earns 11-16 million USD in annual compensation. Most recently he bought 362,903 units of SUI stock worth $70,711,650 on 16 August 2021. At June 30, 2021, the Company's net debt to trailing twelve month Recurring EBITDA(1) ratio was 5.1 times. (9)Same Community results net $16.8 million and $14.3 million of certain utility revenue against the related utility expense in property operating and maintenance expense for the three months ended June 30, 2021 and 2020, respectively. Insurance companies have slightly lagged the market but rising interest rates bolster income. The estimates and assumptions are forward looking based on the Company's current assessment of economic and market conditions, as well as other risks outlined below under the caption "Cautionary Statement Regarding Forward-Looking Statements.". The replay will also be available on the website. To date, the Michigan based REIT has more than 422 communities consisting of more than 141,000 sites in 33 states and Ontario, Canada. The second column contains the GDP values for the year 2021. (a) Marina results net $3.7 million and $6.3 million of certain utility revenue against the related utility expense in property operating and maintenance expense for the quarter and six months ended June 30, 2021. 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. The company was founded in 1975 and is headquartered in Southfield, MI. In addition, he makes $7,969,260 as Chairman of the Board at Sun Communities. Therefore, NOI is a measure of the operating performance of the properties of the Company rather than of the Company overall. MH and RV Acquisitions and Other Summary(13)(amounts in thousands except for statistical data). Rental Program NOI is separately reviewed to assess the overall growth and performance of the Rental Program and its financial impact on the Company's operations. Sun Community Federal Credit Union - BestCashCow A home for real life means something different for every Sun Communities resident. Do not forget to leave your feedback. Additionally, FFO, NOI, and EBITDA are commonly used in various ratios, pricing multiples, yields and returns and valuation calculations used to measure financial position, performance and value. 27777 Franklin Road Suite 200 Southfield Michigan 48034 United States. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Recommended Report For Further Reading: Current analysis focussed on the recent net worth of SUI. Data may be intentionally delayed pursuant to supplier requirements. The New Credit Facility bears interest at a floating rate based on the Adjusted Eurocurrency Rate or Australian Bank Bill Swap Bid Rate (BBSY), plus a margin which can range from 0.725 percent to 1.400 percent. 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. Home Sales Summary(amounts in thousands except for *), Rental Program Summary(amounts in thousands except for *). Reconciliations to Non-GAAP Financial Measures, Reconciliation of Net Income Attributable to Sun Communities, Inc. Common Stockholders to FFO(1)(amounts in thousands except for per share data), Reconciliation of Net Income Attributable to Sun Communities, Inc. Common Stockholders to NOI(1)(amounts in thousands), Reconciliation of Net Income Attributable to Sun Communities, Inc. Common Stockholders to Recurring EBITDA(1)(amounts in thousands), Marina Summary(amounts in thousands except for statistical data). The adjusted MH and RV blended occupancy percentage for 2021 is derived from 118,907 developed sites, of which 117,536 were occupied. The Company also uses EBITDAre excluding certain gain and loss items that management considers unrelated to measurement of the Company's performance on a basis that is independent of capital structure ("Recurring EBITDA"). Number of outstanding shares of SUN COMMUNITIES = 122800000.00. Active 55+ Communities - Sun Communities Exhibit 99.1 Press Release and Supplemental Package 2021.06.30. 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. Below is a list of 5 lowest weekly values of SUI's net worth in 2022. The Company uses NOI as a key measure when evaluating performance and growth of particular properties and / or groups of properties. Resident at Cypress Greens (FL), "My parents lived here and my brother currently lives here. Note: You know share price is a volatile metric. The Marina segment operates marinas and is in the business of acquiring and operating marinas throughout the U.S. Related by Industry: Business Services & Supplies. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. Sun Communities Valuation Today - SUI | Macroaxis Sun Communities - AnnualReports.com Source: FactSet. He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. Sun Communities - A Top Tier Long-Term Investment - Seeking Alpha The neighbors are generous and kind. 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. And right now, market volatility means a ton of great stocks, including real estate investment trusts (REITs), are trading at a discount. Data may be intentionally delayed pursuant to supplier requirements. 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. Net proceeds of $539.7 million after deducting expenses related to the offering, were used to acquire assets and pay down the Safe Harbor Facility. 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"). BBB. In 2021, the company added 2,483 sites to its portfolio, while its properties across its mobile home communities and RV resorts were 97.4% occupied at year's end. All values as of most recently reported quarter unless otherwise noted. We have used quarterly avg. outbreaks of disease, including the COVID-19 pandemic, and related stay-at-home orders, quarantine policies and restrictions on travel, trade and business operations; changes in general economic conditions, the real estate industry and the markets in which the Company operates; difficulties in the Company's ability to evaluate, finance, complete and integrate acquisitions, developments and expansions successfully; the Company's liquidity and refinancing demands; the Company's ability to obtain or refinance maturing debt; the Company's ability to maintain compliance with covenants contained in its debt facilities and its senior unsecured notes; changes in foreign currency exchange rates, including between the U.S. dollar and each of the Canadian and Australian dollars; the Company's ability to maintain rental rates and occupancy levels; the Company's ability to maintain effective internal control over financial reporting and disclosure controls and procedures; increases in interest rates and operating costs, including insurance premiums and real property taxes; risks related to natural disasters such as hurricanes, earthquakes, floods and wildfires; general volatility of the capital markets and the market price of shares of the Company's capital stock; the Company's ability to maintain its status as a REIT; changes in real estate and zoning laws and regulations; legislative or regulatory changes, including changes to laws governing the taxation of REITs; the ability of purchasers of manufactured homes and boats to obtain financing; and. Sun Communities CEO Email & Net Worth | Gary Shiffman Salary & Age This press release contains various "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. Sun Communities Net Worth 2010-2023 | SUI | MacroTrends I've already made my first investment in the company, which was roughly half my total $1,000 investment. SUI | Sun Communities Inc. Company Profile & Executives - WSJ Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. 3 M YTD 1 Y 3 Y $ % Advanced Charting Compare Compare to Benchmark: DJIA S&P 500 GLOBAL DOW NASDAQ Real Estate/Construction Compare to Open 136.05 Prior Close 136.28 (07/13/23) 1 Day SUI -0.60%. 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. Bruce Thelen net worth, bio and Sun Communities Inc insider trades. [12], On Nov. 16, 2021, Sun RV Resorts Rebrands to Sun Outdoors. Sun Communities offers vibrant, active, welcoming places for the way you want to live. we treat others the way we want to be treated. We are constantly upgrading and updating our reports section. John B. McLaren owns about 149,050 units of Sun Communities Inc. Its growth prospects are one of the reasons I think this company is such a great buy right now. Sun Communities, Inc. is a REIT that, as of June 30, 2021, owned, operated, or had an interest in a portfolio of 569 developed MH, RV and marina properties comprising over 153,300 developed sites and nearly 41,300 wet slips and dry storage spaces in 39 states and Ontario, Canada. Now let us see a chart tracking the net worth for SUI since the beginning of 2022 till 2022-12-30. This report will help you learn the net worth of SUN COMMUNITIES in 2022. For the years ended December 31, 2020 and 2019, these costs were $40.6 million and $50.7 million, respectively. The com Sun Communities, Inc. provides real estate management services. The maintenance staff has been fantasticThe Facebook page of residents makes me feel more connected to everyone." Sun Communities owns and operates mobile home resorts, RV resorts, and marinas. Guidance estimates include acquisitions completed through the date of this release and exclude any prospective acquisitions or capital markets activity. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The majority of its portfolio, about 62%, is derived from mobile homes, where it either rents the units on annual leases or sells them outright and collects monthly lot rental fees. Sun Communities Net Income 2010-2023 | SUI | MacroTrends Sun Communities offers vibrant, active, welcoming places for the way you want to live. (6)Other expense, net was as follows (in thousands): (7)Other acquisition related costs represent the expenses incurred to bring recently acquired 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. in 2011, we were proud to be recognized as one of crains cool places to work, and in 2012, we received the american heart association's pr. 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 Sun Communities Inc employees with the job title Maintenance Technician make the most with an average hourly . Our commitment to quality, value, and service creates an environment where friendly neighbors become more like family. FFO is calculated in accordance with the Company's interpretation of standards established by NAREIT, which may not be comparable to FFO reported by other REITs that interpret the NAREIT definition differently. Customer Portal - Sun Communities Further market volatility means I could purchase shares at a notable discount. Netcials reports section helps you with deep insights into the performance of various assets over the years. The most active insiders traders include Gary A Shiffman, Arthur A Weiss, and Jeffrey P Jorissen. If this is your first time here, please enroll first, then log on. 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. Now let us see the top 5 weeks for SUI as far as the net worth is concerned. June - 2021. Same Community (2) Net Operating Income ("NOI") (1) increased by 21.6 percent for the quarter ended June 30, 2021, as compared to the corresponding period in 2020. 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. We believe in work-life balance: We ask you to give us your best, Subject to the satisfaction of certain conditions, the term may be extended for two additional six-month periods, and additional borrowings not to exceed $1.0billion is permitted. Learn More. Contributor Simply Wall St Simply Wall St Published Oct 7, 2022. Since December 1, 1998, Sun Communities's market cap has increased from $556.90M to $17.56B, an increase of 3,053.02%. Pros & Cons. Sun Communities PE Ratio 2010-2023 | SUI | MacroTrends 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 Invest better with The Motley Fool. Its revenue in 2021 increased 62.5% year over year, while net operating income (NOI) grew 188%, and funds from operations (FFO) jumped 27%. The talented singer has finally unveiled his debut solo single, "Seven," which is poised to catapult him into the global limelight. Net worth usually oscillates on lines with the share price. Mr. Shiffman owns over 362,903 units of Sun Communities stock worth over $121,621,726 and over the last 20 years he sold SUI stock worth over $42,994,704. asset. Sun Communities reports have an aggregate usefulness score of 4.8 based on 174 reviews. Product of above two values = $17.386Billion. 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 final column shows how the current week's value fared against the previous. It is These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in or incorporated herein, some of which are beyond the Company's control. Mr. Shiffman is an executive officer and a director of SHS and all of our other corporate subsidiaries. Sun Communities | SUI Stock Price, Company Overview & News - Forbes Sun Outdoors (formerly known as Sun RV Resorts) is the RV resort division of Sun Communities, Inc. and was established in 1996. [5], In March 1996, the company acquired 25 manufactured housing communities for $226 million. Copyright FactSet Research Systems Inc. All rights reserved.
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