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Southfield, Mich.-based Sun Communities Inc. noted that revenue increased $33.5 million, or 14.1%, during its second quarter which ended on June 30, according to a press release.

That brings total revenue for the quarter up to $271.4 million compared to $237.9 million for the same period in 2017. Net income attributable to common stockholders was $20.4 million, or $0.25 per diluted common share, in the second quarter as compared to net income attributable to common stockholders of $12.4 million, or $0.16 net income per diluted common share, for the same period in 2017.

For the six months ended June 30, total revenues increased $57.0 million, or 12.1%, to $529.3 million compared to $472.3 million for the same period in 2017. Net income attributable to common stockholders was $50.4 million, or $0.63 per diluted common share, as compared to net income attributable to common stockholders of $33.5 million, or $0.45 net income per diluted common share, for the same period in 2017.

“Sun continued to produce solid investor returns in the second quarter and deliver value creation across our manufactured home communities and RV resorts,” noted Gary Shiffman, CEO of Sun Communities. “We invested in properties valued at over $334 million including 17 operating resorts, one resort under development and one land parcel entitled for future development.”

Community Occupancy

Total portfolio occupancy was 96.1% on June 30. During the second quarter revenue producing sites increased by 634 sites, as compared to 752 revenue producing sites gained during the second quarter of 2017.

During the six months ended June 30, revenue producing sites increased by 1,250 sites, as compared to an increase of 1,439 revenue producing sites during the same period in 2017.

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