Sun Communities core FFO per share falls slightly

Sun Communities

24/02/2026 21:43

Overview

Real estate investment trust posts Q4 net income per share vs net loss yr ago

Core FFO per share for Q4 was $1.40, slightly down from last year

Company acquired 14 MH and RV communities for $457 mln in 2025

Outlook

Sun Communities expects 2026 Core FFO per Share of $6.83 to $7.03

Company anticipates North American Same Property NOI growth of 4.5% at midpoint

Sun Communities projects UK Same Property NOI growth of 2.2% at midpoint

Result Drivers

NORTH AMERICA NOI - North America Same Property NOI increased by 7.9% in Q4, driven by strong fundamentals across the portfolio

SHAREHOLDER RETURNS - Returned over $1.5 bln to shareholders through cash distributions and share repurchases

Company press release: ID:nGNE6hp9wL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted FFO Per Share
$1.40


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for Sun Communities Inc is $140.00, about 6.7% above its February 23 closing price of $131.16

The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 29 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)