Sun Communities, Inc. Announces Fourth Quarter Distribution
Sun Communities, Inc. (NYSE: SUI), a leading real estate investment trust (REIT) specializing in manufactured housing (MH) and recreational vehicle (RV) communities, has declared an exciting quarterly distribution for the fourth quarter of 2024. The Board of Directors has approved a distribution of $0.94 per share of common stock, which is set to enhance returns for its investors.
Details of the Distribution
The announcement states that this distribution will be payable on January 15, 2025, to all shareholders on the record as of December 31, 2024. This reflects the company's commitment to providing consistent value to its investors, which is critical in today’s fluctuating market.
About Sun Communities, Inc.
Founded with the vision to create thriving communities, Sun Communities, Inc. has made significant strides in the real estate sector. As of September 30, 2024, the company owned, operated, or had an interest in an extensive portfolio of 659 developed properties. This impressive collection comprises around 179,130 developed sites, alongside approximately 48,760 wet slips and dry storage spaces spanning the United States, Canada, and the United Kingdom.
The Company’s Growth and Strategy
Sun Communities has consistently focused on the growth and enhancement of its properties, investing in community improvements and sustainability initiatives. These actions not only contribute to the residents’ quality of life but also bolster property values, ensuring better returns for their shareholders. The company’s approach in navigating market changes and refining its portfolio continues to instill confidence among investors.
Future Outlook for Shareholders
Looking ahead, the company remains optimistic about its growth trajectory. With a diversified property portfolio and strategic investments, Sun Communities is positioned to adapt and thrive in various market conditions. This forthcoming distribution serves as a testament to the company's robust operational performance and financial stability, giving investors a reason to believe in its future prospects.
Contact Information
For further inquiries or information regarding this announcement, investors can reach out to:
Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suninc.com
Frequently Asked Questions
What is the announced distribution amount?
Sun Communities, Inc. has declared a distribution of $0.94 per share for the fourth quarter of 2024.
When will the distribution be paid?
The distribution is scheduled to be paid on January 15, 2025.
Who is eligible for the distribution?
All shareholders of record as of December 31, 2024, will be eligible for the distribution payment.
What does Sun Communities, Inc. specialize in?
Sun Communities is a REIT that operates manufactured housing and recreational vehicle communities.
How many properties does Sun Communities have?
As of September 30, 2024, the company had an interest in 659 developed properties across the United States, Canada, and the United Kingdom.
