Sun Communities, Inc. — Third Quarter 2026 Earnings Summary

Sun Communities, Inc. reported net income of $120.7 million, or $1.00 per diluted share, for the third quarter of 2026, driven by a $137.1 million gain from continuing operations. The company completed the sale of its UK business in September, generating approximately $1.03 billion in net cash proceeds, which were primarily used to repurchase shares. Same Property Net Operating Income increased by 3.6% for the quarter, while the blended occupancy rate for manufactured housing and annual RV sites stood at 98.8%. Management has updated its 2026 guidance to expect Core FFO per share of $7.01 and North America Same Property NOI growth between 4.9% and 5.3%.