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The latest update is out from Sun Communities ( (SUI) ).
Sun Communities, Inc., a leading REIT, is embarking on a significant restructuring plan to save $15-$20 million annually, aiming for sustainable growth amidst a challenging market. John McLaren returns as President to steer these initiatives, while longtime CEO Gary Shiffman plans to retire in 2025, prompting a search for new leadership. The company is focused on reducing debt and enhancing revenue from real property income, positioning itself for future success in the dynamic housing and rental market.
Find detailed analytics on SUI stock on TipRanks’ Stock Analysis page.