Sun Communities, Inc. Announces Third Quarter Distribution
Sun Communities, Inc. (NYSE: SUI), a leading real estate investment trust (REIT), has made an important announcement regarding its financial distribution for the third quarter. The Board of Directors has declared a quarterly distribution of $0.94 per share of common stock for the third quarter of 2024. This distribution will be paid on October 15, 2024, to shareholders who are recorded as of September 30, 2024.
About Sun Communities, Inc.
As a prominent REIT, Sun Communities, Inc. specializes in owning and managing manufactured housing (MH) and recreational vehicle (RV) communities, along with marinas. By the end of June 2024, the company has established an impressive portfolio of 666 developed properties, which includes approximately 181,760 developed sites, in addition to 48,140 wet slips and dry storage spaces across the United States, Canada, and the United Kingdom. This diverse portfolio allows Sun Communities to serve a broad spectrum of residents and recreational enthusiasts.
Financial Highlights
The declared distribution is a testament to the company's strong financial performance and its dedication to providing value to shareholders. With a dependable growth strategy and proactive management, Sun Communities is well-equipped to enhance shareholder returns while expanding its presence in the MH and RV market segments.
Looking Ahead
As it looks to the future, Sun Communities plans to take advantage of favorable market trends within the MH and RV sectors, promoting sustainable growth and ongoing success. By concentrating on its core business and seeking new investment opportunities, the company is committed to optimizing its operations and delivering long-term value for its shareholders.
Contact Information
For more information or inquiries about Sun Communities, please contact:
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.
