06:01 PM EST, 11/06/2024 (MT Newswires) -- Sun Communities ( SUI ) reported Q3 core funds from operations late Wednesday of $2.34 per diluted share, down from $2.57 a year earlier.

Analysts polled by Capital IQ expected an adjusted FFO of $2.29.

Revenue for the quarter that ended Sept. 30 was $939.9 million, down from $983.3 million a year earlier.

Analysts surveyed by Capital IQ expected $976.7 million.

Sun expects Q4 core FFO between $1.37 and $1.45 per share. Analysts expect $1.33.

The company now expects a full-year 2024 core FFO of $6.76 to $6.84 per diluted share from its prior guidance of $7.06 to $7.22. Analysts surveyed by Capital IQ expect an adjusted FFO of $5.99.

Shares were down 4% in after-hours activity.

Price: 126.30, Change: -5.46, Percent Change: -4.14