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Sun Communities Inc
Sun Communities Inc. (SUI) is a publicly-traded real estate investment trust (REIT) that specializes in the ownership, operation, and development of manufactured home communities and recreational vehicle (RV) resorts. The company's portfolio includes over 400 communities located in the United States and Canada, with a focus on providing affordable and high-quality housing options for individuals and families.
Sun Communities' manufactured home communities offer residents the opportunity to own their own homes while renting the land, providing a more affordable alternative to traditional site-built housing. The company's RV resorts offer short-term and long-term accommodations for recreational vehicle enthusiasts, as well as a variety of amenities such as swimming pools, clubhouses, and recreational facilities.
Sun Communities' stock (SUI) is listed on the New York Stock Exchange (NYSE) and is a component of the S&P 400 Mid Cap Index. The company's financial performance is closely watched by Wall Street analysts, who follow metrics such as funds from operations (FFO) and net income to evaluate its profitability and growth potential.
As a REIT, Sun Communities is required to distribute at least 90% of its taxable income to shareholders in the form of dividends. The company has a strong track record of increasing its dividend payout over time, making it an attractive investment option for income-focused investors.
Overall, Sun Communities is a well-established and growing player in the manufactured housing and RV resort industries, with a strong financial position and a commitment to providing high-quality housing options for its residents.