{"id":517787,"date":"2021-07-26T16:38:51","date_gmt":"2021-07-26T20:38:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-communities-inc-reports-2021-second-quarter-results\/"},"modified":"2021-07-26T16:38:51","modified_gmt":"2021-07-26T20:38:51","slug":"sun-communities-inc-reports-2021-second-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-communities-inc-reports-2021-second-quarter-results\/","title":{"rendered":"Sun Communities, Inc. Reports 2021 Second Quarter Results"},"content":{"rendered":"
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\n \n <\/p>\n

\n NEWS RELEASE<\/strong>\n <\/p>\n

July\u00a026, 2021<\/p>\n

\n Sun Communities, Inc. Reports 2021 Second Quarter Results<\/strong>\n <\/p>\n

\n Southfield, MI, July 26, 2021 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) <\/strong>(the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, (collectively, the “properties”), today reported its second quarter results for 2021.<\/p>\n

\n Financial Results for the Quarter and Six Months Ended June 30, 2021<\/strong>\n <\/p>\n

For the quarter ended June 30, 2021, total revenues increased $300.6 million, or 99.1 percent, to approximately $603.9\u00a0million compared to $303.3 million for the same period in 2020. Net income attributable to common stockholders increased $51.9 million or 88.0 percent, to approximately $110.8\u00a0million, or $0.98 per diluted common share, compared to net income attributable to common stockholders of $58.9\u00a0million, or $0.61 per diluted common share, for the same period in 2020.<\/p>\n

For the six months ended June 30, 2021, total revenues increased $432.3\u00a0million, or 70.5 percent, to $1.0\u00a0billion compared to approximately $613.6\u00a0million for the same period in 2020. Net income attributable to common stockholders increased $92.7\u00a0million or 216.5 percent, to approximately $135.6\u00a0million, or $1.22 per diluted common share, compared to net income attributable to common stockholders of $42.8\u00a0million, or $0.45 per diluted common share, for the same period in 2020.<\/p>\n

\n Non-GAAP Financial Measures and Portfolio Performance<\/strong>\n <\/p>\n