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Dec 31, 2019
Sun Communities Q4 2019 Earnings Report
Sun Communities reported strong Q4 2019 results, driven by strategic initiatives and consumer demand.
Key Takeaways
Sun Communities reported a revenue increase of 10.2% to $301.8 million for Q4 2019, with net income attributable to common stockholders rising to $28.5 million, or $0.31 per diluted share. The company's Same Community NOI increased by 7.6%, and Same Community Occupancy reached 98.4%.
Total revenues increased by 10.2% to $301.8 million compared to the same period in 2018.
Net income attributable to common stockholders was $28.5 million, or $0.31 per diluted common share.
Same Community NOI increased by 7.6% over the same period in 2018.
Same Community occupancy increased to 98.4% from 96.2% at December 31, 2018.
Revenue by Segment
Forward Guidance
The estimates and assumptions presented represent a range of possible outcomes and may differ materially from actual results. Guidance estimates include acquisitions completed through the date of this release, and exclude any prospective acquisitions or capital markets activity.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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