Sun Communities Inc. Provides Earnings Guidance for the First, Second, Third, Fourth Quarter and Full Year of 2014
January 23, 2014 at 06:17 pm
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Sun Communities Inc. provided earnings guidance for the year 2014. For the year, the company anticipates FFO per diluted share and operating partnership unit will range from $3.52 to $3.62 per Share, indicating FFO growth of 9.7% to 12.8% when compared to the midpoint of guidance for 2013. The company's guidance is based on several key variables and assumptions: Rent Increase, Occupancy, Recreational Vehicle Revenue and Same Site Portfolio.
For the first quarter of 2014, the company expects 26% of estimated FFO. FFO guidance for the first quarter of 2014 is $0.92-$0.94 per Share.
For the second quarter of 2014, the company expects 22.5% of estimated FFO.
For the third quarter of 2014, the company expects 27.5% of estimated FFO.
For the fourth quarter of 2014, the company expects 24% of estimated FFO.
Sun Communities, Inc. is a fully integrated real estate investment trust (REIT). The Company owns manufactured housing (MH) and recreational vehicle (RV) communities and marinas in the United States, the United Kingdom, and Canada. The Company operates through four segments: MH communities, RV communities, Marinas, and communities in the United Kingdom (UK). The MH communities segment offers affordable housing to individuals and families, while also providing certain amenities. The RV communities offers affordable vacation opportunities to individuals and families with various amenities. The Marinas offers wet slip and dry storage space leases, end-to-end services, fuel sales and other amenities. The UK segment owns, operates, develops, or has an interest in, a portfolio of communities, referred to as holiday parks, and is in the business of acquiring, operating, and developing communities in the United Kingdom. The Company owns and operates portfolio of 665 developed properties.
SUN COMMUNITIES, INC. 
