Professional
Added to YB: 2024-03-11
Pitch date: 2024-03-07
SUI [bullish]
Sun Communities, Inc.
+1.86%
current return
Author Info
No bio for this author
Company Info
Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI.
Market Cap
$14.8B
Pitch Price
$119.83
Price Target
170.00 (+39%)
Dividend
3.69%
EV/EBITDA
18.25
P/E
149.67
EV/Sales
8.05
Sector
Residential REITs
Category
value
Sun Communities, Inc.: Sun Communities Should See Rental Rate Growth Above Inflation for Several More Years
SUI targets aging demographics, $11.8B growing to 667 RV/MH properties. Niche assets, upside capped by affordability. $170 FV, 4.4% NOI growth aim. Solid internal growth projected. Risks: Demographics, markets, ESG. Fair returns, strong management dependent on retirees & acquisitions.
Read full article (9 min)