Sun Communities Reports Results for the Third Quarter of 2026
Globe Newswire•26/10/2026•16:08 ET
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Key Highlights
- ➤Core FFO per share rose to $2.35 from $2.28 year over year
- ➤Net income from continuing operations reached $137.1 million, reversing 2025 loss
- ➤UK business sale generated approximately $1.03 billion in net cash proceeds
- ➤2026 Core FFO guidance midpoint set at $7.01 per share
- ➤2027 rental rate increases expected at 5.4% for MH and 4.4% for annual RV
Expert Statements
Charles Young, Chief Executive Officer of Sun Communities
“We delivered another strong quarter of continued progress, with results exceeding our expectations, led by continued strength in manufactured housing.”
Charles Young, Chief Executive Officer of Sun Communities
“In September, we completed the sale of our UK business and have been disciplined in putting the proceeds to work primarily repurchasing shares, along with other investment and balance sheet activity.”
Charles Young, Chief Executive Officer of Sun Communities
“We are ideally positioned around the durable demand for attainable housing and affordable vacationing, and we continue to optimize our platform while investing in our people, technology and communities.”
Charles Young, Chief Executive Officer of Sun Communities
“With 2027 expected rental rate increases coming in above 2026 levels, we enter next year with a solid foundation in our core business and Sun is a simpler, more focused company with a clearer path to long-term value creation.”
Net Income per Diluted Share of $1.00 for the Quarter, inclusive of a Net Loss from Discontinued Operations
Net Income per Diluted Share from Continuing Operations of $1.07 for the Quarter
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