- Total revenue for Sun Communities in Q2 2024 was $864.0 million, slightly up from $863.5 million the previous year, but below the estimate of $891.5 million.
- Core Funds From Operations (FFO) per share was $1.86, down from $1.96 last year and shy of the $1.88 estimate.
- Recurring EBITDA came in at $335.9 million, a 1.1% decrease year-over-year, missing the estimate of $338 million.
- Sun Communities maintained its full-year forecast for Core FFO per share between $7.06 and $7.22, with the consensus estimate at $7.10.
- The company has received analyst ratings of 9 buys, 5 holds, and 0 sells.
A look at Sun Communities Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SmartKarma Smart Scores provide valuable insights into the long-term outlook for Sun Communities, Inc. based on several key factors. With a solid Dividend score of 4, Sun Communities demonstrates a strong ability to provide consistent returns to investors through dividends. This indicates stability and attractiveness for income-seeking investors. Additionally, a Value score of 3 suggests that Sun Communities is reasonably priced in the market, offering a potentially good investment opportunity.
While the company’s Growth score of 3 indicates moderate growth prospects, the Resilience score of 2 raises some concerns about its ability to weather economic downturns. However, with a Momentum score of 3, Sun Communities shows signs of positive market momentum. Overall, Sun Communities, Inc. presents a mix of strengths and areas for improvement, making it an interesting company to watch in the real estate investment trust sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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