Sun Communities(SUI)
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Sun Communities, Inc. (SUI) Announces New $2 Billion Revolving Credit Facility
Yahoo Finance· 2025-10-01 23:10
Core Insights - Sun Communities, Inc. (NYSE:SUI) is recognized for significant revenue and dividend growth, making it one of the 20 best stocks to buy and hold for a lifetime [1] Financial Developments - Sun Communities announced a new $2 billion revolving credit facility on September 22, 2025, replacing a previous $3.05 billion facility set to mature in April 2026 [2] - The new credit facility allows borrowings in multiple currencies, including USD, Euros, Canadian dollars, and Australian dollars, with margins ranging from 0% to 1.4% based on loan type [2] - The maturity date for the new facility is January 31, 2030, with options for six-month extensions, and there were no outstanding borrowings at closing [2] Leadership and Strategic Initiatives - Charles D. Young, the new CEO of Sun Communities, received a $1 million stock reward upon joining the company on October 1, 2025 [3] - The new credit arrangement enhances the company's financial flexibility to support ongoing operations, potential acquisitions, and expansion plans across its portfolio of manufactured home and RV communities [3] Company Overview - Sun Communities is a real estate investment trust (REIT) that owns or manages 501 developed properties, comprising approximately 174,450 units across the United States, Canada, and the United Kingdom [4]
SUI Group Partners with Ethena and the Sui Foundation to Launch suiUSDe and USDi, the First Native Sui Stablecoins
Businesswire· 2025-10-01 21:00
Core Insights - SUI Group Holdings Limited has launched suiUSDe, a Sui-native synthetic dollar token, in partnership with Ethena and the Sui Foundation [1] - The company also introduced USDi, a stablecoin backed by the BlackRock USD Institutional Digital Liquidity Fund [1] - Ethena is the protocol behind USDe, which is noted as the third-largest and fastest-growing USD-denominated digital asset [1]
Sun Communities Reports Inducement Equity Award for Incoming Chief Executive Officer
Globenewswire· 2025-09-19 20:06
Company Announcement - Sun Communities, Inc. announced the granting of an equity award to incoming CEO Charles D. Young, effective October 1, 2025 [1][3] - The equity award consists of shares valued at $1,000,000, fully vested upon issuance, and granted outside the Company's 2015 Equity Incentive Plan [2][3] Company Overview - As of June 30, 2025, Sun Communities, Inc. owned, operated, or had an interest in a portfolio of 501 developed properties, comprising approximately 174,450 developed sites across the United States, Canada, and the United Kingdom [4]
Morgan Stanley Lifts PT on Sun Communities (SUI) Stock
Yahoo Finance· 2025-09-16 18:50
Group 1 - Sun Communities, Inc. (NYSE:SUI) is recognized as one of the best housing stocks to buy according to hedge funds, with Morgan Stanley analyst Adam Kramer raising the price target from $135 to $139 while maintaining an "Equal Weight" rating [1] - The Q2 2025 earnings season for manufactured housing REITs was mixed, prompting the analyst to adjust estimates and targets based on discussions with companies and private operator checks [1] - The company completed the sale of Safe Harbor Marinas in Q2 2025, positioning itself as a pure-play owner and operator of manufactured housing and RV communities, supported by a healthy balance sheet [1] Group 2 - The initial closing of the Safe Harbor Sale generated approximately $5.25 billion in pre-tax cash proceeds, net of transaction costs, along with a book gain on sale of $1.4 billion [2] - Sun Communities plans to utilize the net cash proceeds from the Safe Harbor Sale for debt reduction, shareholder distributions, share repurchases, and reinvestment in its core portfolio [2]
If You Invested $10K In Sun Communities Stock 10 Years Ago, How Much Would You Have Now?
Yahoo Finance· 2025-09-13 12:01
Core Viewpoint - Sun Communities Inc. is a real estate investment trust focused on manufactured housing and recreational vehicle communities, with upcoming Q3 2025 earnings expected to show a decline in EPS and revenue compared to the previous year [2][7]. Financial Performance - The company is set to report Q3 2025 earnings on November 5, with analysts predicting an EPS of $1.56, down from $2.34 in the same quarter last year [2]. - Quarterly revenue is anticipated to be $717.58 million, a decrease from $939.90 million year-over-year [2]. - In Q2 2025, the company reported FFO of $1.76, exceeding the consensus estimate of $1.68, and revenues of $623.50 million, surpassing the consensus of $602.15 million [7]. Historical Investment Performance - If an investor had purchased $10,000 worth of Sun Communities stock 10 years ago at approximately $63.48 per share, the investment would have grown to $20,501 based solely on stock price appreciation, with current shares trading at $130.14 [3]. - Over the past decade, the company has paid about $38.22 in dividends per share, resulting in an additional $6,021 from dividends alone [4]. - The total return on a $10,000 investment over 10 years would be $26,522, equating to a total return of 165.22%, which is significantly lower than the S&P 500's total return of 296% during the same period [5]. Future Outlook - Analysts have a consensus rating of "Neutral" for Sun Communities, with a price target of $139.41, indicating a potential downside of over 7% from the current stock price [7]. - The CEO highlighted the company's strong second-quarter results and the strategic repositioning of Sun as a pure-play owner and operator of manufactured housing and RV communities, enhancing financial flexibility and shareholder value [8].
SUI Group Announces Completion of Existing $2 Million Stock Repurchase Program and Subsequent Authorization of New $50 Million Program
Businesswire· 2025-09-12 20:05
Core Viewpoint - SUI Group Holdings Limited has completed a $2 million stock repurchase program and announced a new program to repurchase up to $50 million of its common stock [1] Group 1 - The company is the only publicly traded entity with an official relationship with the Sui Foundation [1] - The completion of the previous stock repurchase program indicates the company's commitment to returning value to shareholders [1] - The newly authorized stock repurchase program reflects the company's confidence in its financial position and future prospects [1]
X @CoinDesk
CoinDesk· 2025-09-07 17:20
🔥 LATEST: Nasdaq-listed SUI Group Holdings (formerly Mill City Ventures) has purchased another 20,000,000 $SUI, bringing its total to 101,795,656 $SUI.SUI GRoup Holding currently hold $344M worth of SUI in its treasury. https://t.co/rwKIIqFfum ...
X @CoinGecko
CoinGecko· 2025-09-04 10:09
NEWS: Nasdaq-listed SUI Group Holdings has acquired 19,923,862 $SUI, boosting its treasury to 101,795,656 $SUI, valued at ~$337M. https://t.co/mp392aoXDO ...
Sun Communities, Inc. Declares Third Quarter 2025 Distribution
Globenewswire· 2025-09-03 20:06
Group 1 - The Company declared a quarterly distribution of $1.04 per share of common stock for Q3 2025, payable on October 15, 2025, to shareholders of record on September 30, 2025 [1] - As of June 30, 2025, the Company owned, operated, or had an interest in a portfolio of 501 developed properties, comprising approximately 174,450 developed sites across the United States, Canada, and the United Kingdom [2]
X @Wu Blockchain
Wu Blockchain· 2025-09-03 17:49
Company Holdings - SUI Group Holdings holds 101795656 SUI tokens [1] - The tokens are valued at approximately $344 million [1] - The company acquired an additional 20 million tokens [1] Financial Status - SUI Group Holdings retains about $58 million in cash for future acquisitions [1] Agreements - The company has an agreement with the Sui Foundation to purchase locked SUI at a discount [1]