SUI

In Q4 2025, Sun Communities reported strong operational momentum with core FFO per share of $1.40, exceeding guidance, and North American same-property NOI grew by 7.9% year-over-year; the company also reduced leverage and increased its quarterly distribution rate by approximately 8%, but the stock price experienced a slight decline in premarket trading. In 2025, Sun Communities received credit rating upgrades from S&P and Moody's, reflecting a strengthened balance sheet. The company repurchased 4.3 million shares in fiscal year 2025, totaling approximately $539 million, and in Q1 2026, approximately 0.5 million shares were repurchased for $60 million. In Q1 2026, Sun Communities reported a strong first quarter with core FFO per share of $1.40, surpassing expectations, and raised its full-year 2026 core FFO per share guidance and increased its quarterly dividend to $1.12 per share; however, the company reported a GAAP EPS miss, and the stock experienced a slight decline in after-hours trading. Insider activity in the past three months has shown a trend of selling, with approximately $1.9 million worth of shares sold and no reported insider purchases.