Southfield, Michigan-based Sun Communities, Inc. (NYSE:SUI) announces that it will release its first quarter financial results on Tue., April 26, 2016, before the market opens. That will be followed by a conference call at 11 A. M. eastern time to discuss the results, according to benchmarkmonitor. Sun closed down -1.68 percent at $67.21 in trading Thurs., April 21.

Sun owns a portfolio of 231 communities, of which 183 are manufactured home communities (MHC), comprised of 88,400 developed home sites. MHProNews reported March 22, 2016 that Sun acquired the 103 MHCs of Carefree Communities in a $1.68 billion transaction. That deal is set to close by July 9, 2016.

Subsequent to that announcement, Sun issued an underwritten public offering of 4,000,000 million shares of its common stock on March 23, 2016 to help pay for the acquisition.

If it goes through, it will make Sun the second largest REIT (real estate investment trust) in number of communities owned, right behind Equity LifeStyle Properties which owns 340 MH and RV communities. ##

(Image credit: Sun Communities, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.