Sun Communities Q1 FFO $1.220 Up From $1.180 YoY, Sales $310.300M Beat $257.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sun Communities reported a Q1 FFO of $1.220, up from $1.180 year-over-year, and sales of $310.3 million, beating the estimate of $257.7 million.
April 22, 2020 | 8:20 pm
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Sun Communities reported strong Q1 results with FFO increasing to $1.220 from $1.180 YoY and sales of $310.3M beating estimates of $257.7M.
The increase in FFO and the significant beat on sales estimates suggest strong operational performance, likely leading to positive investor sentiment and a potential short-term increase in SUI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100