Sun Communities, Inc. Increases Shareholder Returns with New Distribution
Sun Communities, Inc. Announces First Quarter Distribution
Sun Communities, Inc. (NYSE: SUI) has taken an exciting step forward by declaring a quarterly distribution of $0.94 per share. This decision reflects the company’s dedication to delivering consistent returns to its shareholders, marking a significant moment for investors. The distribution is scheduled for payment on April 15, 2025, to shareholders who are on record as of March 31, 2025.
Understanding Sun Communities, Inc.
As one of the leading real estate investment trusts (REITs), Sun Communities focuses on the ownership and operation of manufactured housing (MH) and recreational vehicle (RV) communities, along with marinas. Their diverse portfolio, as of the end of the previous year, included an impressive 645 developed properties. This extensive development encompassed around 176,390 sites, in addition to approximately 48,760 wet slips and dry storage spaces across the United States, Canada, and the United Kingdom.
Elevating Shareholder Confidence
The decision to declare a dividend not only acknowledges the strength of Sun Communities’ business model but also demonstrates the company's potential for long-term growth. By maintaining a focus on enhancing shareholder value, Sun Communities aims to engage investors, ensuring they feel confident in their investment choices while looking toward the future.
Financial Outlook and Future Plans
Looking ahead, the company continues to explore various opportunities for growth and expansion. Sun Communities has a defined strategy to scale its operations and increase its number of properties, which will contribute further to its overall financial performance. Investors can anticipate that the ongoing evaluation of market trends and consumer demand will play a critical role in future initiatives.
Contact Information
For those seeking additional information about Sun Communities, Inc., or have inquiries regarding investments, you can reach out directly to the Chief Financial Officer:
Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suninc.com
Frequently Asked Questions
What is the distribution amount declared by Sun Communities, Inc.?
Sun Communities, Inc. declared a quarterly distribution of $0.94 per share for the first quarter of 2025.
When will the distribution be paid to shareholders?
The distribution is scheduled to be paid on April 15, 2025, to shareholders of record on March 31, 2025.
What does Sun Communities, Inc. specialize in?
Sun Communities, Inc. is a real estate investment trust that focuses on manufactured housing and recreational vehicle communities, along with marinas.
How many properties does Sun Communities own?
As of December 31 of the previous year, Sun Communities owned, operated, or had interests in 645 developed properties.
Who can I contact for more information about the company?
You can contact Fernando Castro-Caratini, the Chief Financial Officer, at (248) 208-2500 for further inquiries.
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