Sun Communities Shares Surge 6.37% on Earnings, $0.4B Volume Boosts It to 359th Trading Rank

Sun Communities (SUI) surged 6.37% on July 31, 2025, with a trading volume of $0.4 billion, a 346.43% increase from the previous day. The stock ranked 359th in daily trading activity, reflecting heightened investor interest following its second-quarter earnings release.

The real estate investment trust (REIT) reported a 5% year-over-year revenue rise to $623.5 million, driven by a $1.4 billion gain from selling its Safe Harbor Marinas business to Blackstone. This transaction boosted net income to $1.3 billion ($10.02 per share), compared to $58 million in the prior year. However, core funds from operations (FFO), a key REIT performance metric, dipped to $232 million ($1.36 per share) from $240 million in the same period of 2024.

Sun Communities announced a strategic shift to focus exclusively on manufactured housing and recreational vehicle (RV) communities, following the Safe Harbor sale. The transition will be led by incoming CEO Charles Young, succeeding Gary Shiffman in October. The company raised its 2025 core FFO guidance to $6.51–$6.67 per share, up from $6.43–$6.63, but revised its annual earnings forecast downward to $11.34–$11.50 per share, below the prior range of $12.62–$12.82.

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