Sun Communities Declares Significant Quarterly Distribution Update
Important Announcement from Sun Communities, Inc.
Sun Communities, Inc. (NYSE: SUI), a leading real estate investment trust based in Southfield, Michigan, has made a noteworthy declaration impacting shareholders. The company's Board of Directors has announced a quarterly distribution of $1.04 per share of common stock for the third quarter. This distribution is set to benefit shareholders of record.
Details of the Distribution
The upcoming distribution, a vital aspect for stakeholders, is scheduled for payment on October 15. Shareholders must ensure they are on record by September 30 to receive this distribution. This announcement reflects Sun Communities' commitment to delivering value to its investors.
About Sun Communities, Inc.
As a prominent player in the real estate sector, Sun Communities, Inc. focuses on manufactured housing and recreational vehicle communities. By June 30, the company reported an impressive portfolio comprising 501 developed properties, totaling approximately 174,450 developed sites across the United States, Canada, and the United Kingdom. This extensive reach demonstrates the company's strategic positioning in the real estate market.
Growth and Market Positioning
Sun Communities has established itself as a leader by continually expanding its portfolio and enhancing value for its customers and shareholders. The company's business model emphasizes acquiring and developing high-quality properties, which has led to strong demand for its offerings.
Looking Ahead
The future appears promising for Sun Communities, given the current trends in the housing market and the increase in demand for manufactured housing solutions. The company's strong operational performance and proactive management strategies will likely contribute to its sustained growth and ability to provide attractive distributions.
Contact Information for Sun Communities
For more information regarding Sun Communities, Inc. and its financial strategies, individuals can reach out to the financial team led by Fernando Castro-Caratini, Chief Financial Officer. The contact number for inquiries is (248) 208-2500. Additionally, stakeholders can visit the company’s website for more resources and updates.
Frequently Asked Questions
What is the recent distribution amount declared by Sun Communities?
The recent declaration is a quarterly distribution of $1.04 per share for the third quarter.
When will the distribution be paid to shareholders?
The distribution is payable on October 15 to shareholders of record on September 30.
How many properties does Sun Communities manage?
As of June 30, 2025, Sun Communities owned, operated, or had interests in 501 developed properties.
Where are Sun Communities' properties located?
The properties are located in the United States, Canada, and the United Kingdom.
Who can I contact for more information about Sun Communities?
Individuals can contact Fernando Castro-Caratini, CFO, at (248) 208-2500 for inquiries and further information.
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