Sun Communities Reports Results for the Second Quarter and First Six Months of 2026
Sun Communities reported Q2 Core FFO of $1.84 per share, exceeding the high end of guidance, driven by a 6.0% increase in Same Property NOI and strength in manufactured housing. The company raised its 2026 Same Property NOI growth guidance to 4.5%-5.3% and announced a $1.0 billion stock repurchase program.
Key figures
- Eps
- 0.32
- Revenue
- 484600000
- Guidance
- FY26 Core FFO $6.94-$7.10; FY26 Same Property NOI growth 4.5%-5.3%; Q3 Core FFO $2.23-$2.33
- Core ffo
- 1.84
- Buyback amount
- $1.0 billion
- Uk sale proceeds
- $1.04 billion
- Same property noi growth
- 6.0%
- Adjusted blended occupancy
- 98.8%
AI analysis
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