For the quarter ending July 30, 2015 the real estate investment trust (REIT) posted earnings of $0.87 earnings per share (EPS), $0.04 better than the Thomson Reuters consensus. Earnings hit $165.90 million for the quarter, well above analysts estimates of $151.49 million, and revenue increased 40 percent over the same quarter last year.
Analysts project Sun will record $3.68 earnings per share (EPS) for the current fiscal year and $3.86 for the next FY. Sun Communities market cap is $3.78 billion and it has a P/E ratio of 119.51. The company has a twelve-month low of $53.44 and a twelve-month high of $71.40, closing up +0.53 percent at $70.64 Mon., Oct 26, 2015, very close to its high point.
The company paid a quarterly dividend of $0.65 per share on Oct. 16, 2015 to stockholders of record Sept. 30th, representing a $2.60 annualized dividend and a dividend yield of 3.70%.
Headquartered in Southfield, Michigan, Sun operates and owns a portfolio of around 217 properties situated in 29 states throughout the United States, including 25 recreational vehicle (RV) communities, 183 manufactured home communities (MH) and nine properties featuring MH and RV sites. The company has grown from 136 communities in April, 2011.##
(Photo credit: Sun Communities)
