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January 3, 2013
17:38 EDTSUISun Communities acquires two properties for $102.6M
Sun Communities announced that it acquired two properties, Palm Creek Golf & RV resort and Lake in Wood. The two properties contain approximately 2,288 sites for a stated purchase price of $102.6M. The company acquired Palm Creek Golf & RV and related improvements, personal property and associated intangibles for $70.4M and a contiguous parcel of land being developed to add approximately 990 vehicle, or 500 manufactured housing sites, for $15M. The aggregate purchase price of $88M includes the reimbursement of $2.6M for construction costs. The company assumed $41.7M of mortgage debt secured by the community. Lake in Wood was purchased for $14.6M paid in cash.
News For SUI From The Last 14 Days
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February 24, 2015
07:49 EDTSUISun Communities sees Q1 FFO 84c-86c, consensus 92c
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07:49 EDTSUISun Communities sees FY15 FFO $3.53-$3.63, consensus $3.57
Revenues and expenses contain a component of seasonality; therefore, FFO per share is not earned evenly throughout the year. The company expects estimated FFO to be earned, 24%, 23% , 28% and 25% in the first, second, third and fourth quarters, respectively.
07:48 EDTSUISun Communities reports Q4 FFO ex-items 69c, consensus 72c
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