NEWS RELEASES
Sun Communities Revenues Increase 20 Percent In Third Quarter
Editor's Note: This news item was retrieved and first published through Sun Communities Inc's website.
SOUTHFIELD, Mich. - Sun Communities, Inc., a real estate investment trust that trades on the NYSE as SUI, reports a jump of 20.6 percent in revenues for the third fiscal quarter ending Sept. 30, 2018. Total revenues increased $55.3 million to $323.5 million compared to $268.2 million for the same period in 2017. The company owns and operates manufactured housing and recreational vehicle communities. Sun Communities’ third quarter acquisitions include a 507-site age-restricted RV resort in Desert Hot Springs, California; a 210-site RV resort in Petoskey, Michigan; and a 114-site RV resort in Moab, Utah.
“Our third quarter results demonstrate the ongoing strength of our platform,” Gary Shiffman, CEO of Sun Communities, said in a press release. “We delivered solid operational results and continued to position the company for sustained long term growth. Continued strength in our home sales provides evidence of the desirability of our communities and reinforces our commitment to pursue expansions and new developments - essential ingredients in providing sustained industry leading results.”
To see the whole report on Sun RV Resorts 2018 3Q performance and operating highlights, view the full press release.
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