Sun Communities beat Q2 Analysts’ Estimates

With revenue up 15.2 percent compared to the second quarter last year, Sun Communities, Inc. (NYSE:SUI) reports earnings per share of $0.78 beat analysts’ estimate of $0.76 by $0.02 for Q2 2014. Earnings per share for Q2 2013 were $0.69 per share, as watchlistnews.com informs MHProNews . The company’s $115.40 million revenue for the second quarter bested analysts’ consensus estimate of $105.88 million. Sun is a real estate trust (REIT) that owns and operates 189 manufactured housing and recreational vehicle communities consisting of 71,500 developed homesites in 27 U. S. states. ##

(Image credit: Sun Communities, Inc.)

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