Quarterly ResultApr 27, 2026, 04:15 PM
SUI Q1 Core FFO $1.40; Raises FY26 Core FFO Guidance to $6.87-$7.07
AI Summary
Sun Communities, Inc. reported strong first-quarter 2026 results, with Core FFO per Share increasing to $1.40 from $1.26 year-over-year, and net loss per diluted share significantly improving to $0.07 from $0.34. North America Same Property NOI grew by 6.3%, driven by strength in both MH and RV segments. The company raised its full-year 2026 Core FFO per Share guidance by $0.04 to a range of $6.87 to $7.07 and increased North American Same Property NOI growth guidance to 4.2%-5.2%. Additionally, SUI acquired two properties for $27.6 million and repurchased $60.1 million of its common stock.
Key Highlights
- Q1 2026 Core FFO per Share was $1.40, up from $1.26 in Q1 2025.
- Q1 2026 Net Loss per Diluted Share improved to $0.07 from $0.34 in Q1 2025.
- North America Same Property NOI increased by 6.3% for the quarter.
- Full-year 2026 Core FFO per Share guidance raised to $6.87-$7.07.
- North America Same Property NOI growth guidance increased to 4.2%-5.2%.
- Acquired two properties for $27.6 million during the quarter.
- Repurchased $60.1 million of common stock (0.5 million shares) in Q1 2026.
- North America Same Property adjusted blended occupancy for MH and RV was 98.7%.