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Sun Communities Q2 Core FFO Declines, Revenue Up Slightly; Q3 Guidance Set; Reiterates Full-year Outlook
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Sun Communities Q2 Core FFO Declines, Revenue Up Slightly; Q3 Guidance Set; Reiterates Full-year Outlook
Jul 31, 2024 2:41 PM

05:25 PM EDT, 07/31/2024 (MT Newswires) -- Sun Communities ( SUI ) reported Q2 core funds from operations Wednesday of $1.86 per share, down from $1.96 a year earlier.

Analysts polled by Capital IQ expected $1.69.

Revenue in the quarter ended June 30 rose slightly to $864 million from $863.4 million a year earlier.

Analysts polled by Capital IQ expected $890.3 million.

The company said it expects Q3 core FFO of $2.46 to $2.56 per share.

Analysts polled by Capital IQ expect $2.29.

The company reiterated its full-year core FFO guidance of $7.06 to $7.22 per share.

Analysts polled by Capital IQ expect $6.07.

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