Sun Communities Posts $2.35 Core FFO, 7 Cents Above Prior Guidance Midpoint

Sun Communities, Inc. posted third-quarter Core funds from operations (Core FFO) of $2.35 per share, 7 cents above its earlier company guidance midpoint, as revenue from continuing operations edged higher year over year. The quarter ended Sept. 30. Revenue from continuing operations totaled $558.2 million, up 0.4% from $555.9 million a year earlier. Net income from continuing operations was $137.1 million, or $1.07 per diluted share. The company announced the results Oct. 26 at 4:08 p.m. ET (20:08 UTC). Regular funds from operations (FFO) was $2.27 per share.

Source: TokenPost