Professional
Added to YB: 2024-03-11
Pitch date: 2024-03-07
SUI [bullish]
Sun Communities, Inc.
+4.38%
current return
Author Info
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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.
Market Cap
$15.3B
Pitch Price
$120.99
Price Target
170.00 (+35%)
Dividend
3.60%
EV/EBITDA
18.70
P/E
-253.26
EV/Sales
8.22
Sector
Residential REITs
Category
value
Show full summary:
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)