Exceeding Core FFO Guidance
Sun Communities reported core FFO per share of $2.28, exceeding the high end of the guidance range.
Strong North American Performance
NOI in the North American same-property portfolio increased by 5.4%, with manufactured housing delivering 10.1% NOI growth and maintaining a 98% occupancy rate.
U.K. Portfolio Growth
U.K. same-property NOI grew 5.4%, with the team maintaining elevated market share despite macro challenges.
Successful Capital Deployment
Acquired 14 communities for approximately $457 million and completed disposition of delayed consent properties for $118 million.
Guidance Increase
Raised full year 2025 core FFO per share expectations by $0.04 at the midpoint, reflecting operational strength.