| Metric | Value ($ M) | Q4 FY25 |
|---|---|---|
| Revenue | 507.90 | 8.0% |
| Total Income | 507.90 | 8.0% |
| Expenditure | 484.40 | 5.5% |
| PBT | — | |
| Net Profit | -6.40 | 84.5% |
| OPM | — | |
| NPM | -1.26% | 7.50pp |
| EPS | -0.07 | 79.4% |
Sun Communities Reports Q1 2026 Results; Core FFO per Share $1.40
03 May 2026 · 3 May, 6:38 pm
Summary
Sun Communities reported its first quarter results for 2026, with a net loss per diluted share of $0.07. Core FFO per share was $1.40, compared to $1.26 for the same period in 2025. North America Same Property NOI increased by 6.3%. The Company is raising full-year 2026 Core FFO per Share guidance by $0.04 to $6.87 to $7.07.
Key Highlights
- 1
Net loss per diluted share was $0.07 for the quarter ended March 31, 2026.
- 2
Core FFO per Share was $1.40 for the quarter ended March 31, 2026, compared to $1.26 for the same period in 2025.
- 3
North America Same Property NOI increased by 6.3% for the quarter ended March 31, 2026.
- 4
UK Same Property NOI increased by 1.6% on a constant currency basis for the quarter ended March 31, 2026.
- 5
The Company is raising full-year 2026 Core FFO per Share guidance by $0.04 to $6.87 to $7.07.
- 6
North America Same Property adjusted blended occupancy for MH and RV remained unchanged at 98.7% at March 31, 2026.
- 7
During the quarter ended March 31, 2026, the Company repurchased approximately 0.5 million shares of the Company's common stock for $60.1 million.
Management Comments
Charles Young
"I'm pleased with the Company’s strong first quarter results, continuing our momentum as we execute on our strategy," said Charles Young, Chief Executive Officer. "We drove better than expected results across our North America portfolio, where same property MH and RV NOI increased 6.3%, reflecting the strength of our portfolio and the sustained demand for our communities. Our strategy is anchored in three core pillars: disciplined capital allocation, optimization of our platform, and targeted investment in our communities, infrastructure, and digital capabilities. As we look ahead, I am confident that our strategy combined with successful execution of our capital priorities will deliver sustainable growth and create lasting value for all stakeholders, while providing exceptional communities and experiences for our residents and guests."
Informational and educational content only. Not investment advice.