SUN COMMUNITIES INC (SUI) Form 8-K — Jul 27, 2026
Sun Communities reported a second-quarter net loss of $8.08 per diluted share, primarily due to a $1.1 billion non-cash valuation allowance on its UK business classified for sale. Excluding discontinued operations, the company achieved net income of $0.32 per share and Core FFO of $1.84 per share, with Same Property NOI growing 6.0% driven by strength in manufactured housing. The company raised its full-year 2026 Same Property NOI growth guidance by 20 basis points to a range of 4.5% to 5.3% following the quarter's performance.
Key figures
- Revenue
- 362.1
- Guidance
- 2026 Same Property NOI Growth 4.5% - 5.3%; Core FFO per Share $6.94 - $7.10
- Cash Position
- 165.2
- Deal Value Usd
- 1040000000
- Shares Outstanding
- 122.5
- Core ffo per share
- 1.84
- Shares repurchased q2
- 0.9 million
- Uk valuation allowance
- 1100
- Continuing ops net income
- 42.3
- Repurchase total value q2
- 111.1
- Same property noi growth q2
- 6.0%
- Shares repurchased subsequent
- 0.7 million
- Repurchase total value subsequent
- 89
Price after filing
Close on the filing date to close N calendar days later (from $120.00). Historical, not a forecast.
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