Sun Communities, Inc. Announces Q3 2024 Distribution Details
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Sun Communities, Inc. Declares Third Quarter Distribution
Sun Communities, Inc. (NYSE: SUI), a prominent real estate investment trust (REIT), has shared exciting news regarding its third-quarter financial distribution. The Board of Directors has officially declared a quarterly distribution of $0.94 per share of common stock for the third quarter of 2024. This distribution is set to be paid on October 15, 2024, to shareholders who are on record as of September 30, 2024.
Overview of Sun Communities, Inc.
As a leading REIT, Sun Communities, Inc. focuses on owning and managing manufactured housing (MH) and recreational vehicle (RV) communities, as well as marinas. By the end of June 2024, the company had built an impressive portfolio that consists of 666 developed properties, featuring around 181,760 developed sites and an additional 48,140 wet slips and dry storage spaces across the United States, Canada, and the United Kingdom. This diverse portfolio enables Sun Communities to cater to a wide range of residents and recreational enthusiasts.
Financial Performance
The announced distribution reflects the company's solid financial performance and commitment to delivering value to its shareholders. With a reliable growth strategy and proactive management, Sun Communities is well-positioned to enhance shareholder returns while expanding its footprint in the MH and RV market segments.
Future Prospects
Looking ahead, Sun Communities aims to capitalize on positive market trends within the MH and RV sectors, fostering sustainable growth and continued success. By focusing on its core business and exploring new investment opportunities, the company is dedicated to optimizing its operations and driving long-term value for its shareholders.
For Further Information
For additional inquiries or information about Sun Communities, please reach out to:
Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suninc.com
Frequently Asked Questions
What is the distribution amount declared by Sun Communities?
Sun Communities announced a distribution of $0.94 per share for the third quarter of 2024.
When will the distribution be paid to shareholders?
The distribution is scheduled to be paid on October 15, 2024.
What are the eligibility criteria for receiving the distribution?
Shareholders must be on record by September 30, 2024, to receive the distribution.
What types of properties does Sun Communities manage?
Sun Communities manages manufactured housing and recreational vehicle communities, as well as marinas.
How many properties does Sun Communities currently own or operate?
As of June 30, 2024, Sun Communities owned or operated 666 developed properties.
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