SUI 📈 Sun Communities - Overview

Sun Communities, Inc. has a history dating back to 1975, and since its inception, the company has evolved significantly, becoming a publicly owned corporation in December 1993. This transition marked a pivotal point in the company's growth, allowing it to expand its operations and increase its market presence. As a fully integrated Real Estate Investment Trust (REIT), Sun Communities, Inc. is listed on the New York Stock Exchange under the symbol SUI, providing it with a platform to raise capital and invest in its portfolio of properties.

The company's portfolio is diverse and extensive, comprising 667 developed manufactured housing (MH), recreational vehicle (RV), and marina properties as of December 31, 2023. These properties are strategically located across the United States, the United Kingdom, and Canada, offering a range of sites and storage spaces for residents and recreational vehicle owners. Specifically, the portfolio includes 179,310 developed sites, which provide residents with a place to live, and approximately 48,030 wet slips and dry storage spaces, catering to the needs of boat and RV owners. This diversified portfolio allows Sun Communities, Inc. to generate revenue through various channels, including site rentals, storage fees, and ancillary services.

From an investment perspective, Sun Communities, Inc. is classified as a common stock, with the International Securities Identification Number (ISIN) US8666741041. The company is categorized under the Single-Family Residential REITs sub-industry, according to the Global Industry Classification Standard (GICS). This classification reflects the company's focus on owning and operating residential properties, including manufactured housing and recreational vehicle sites. Investors can access more information about the company through its website, https://www.suncommunities.com, which provides updates on its operations, financial performance, and growth strategies.