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Southfield, Mich.-based Sun Communities announced that revenues increased 20.6% during the company’s third quarter, which ended on Sept. 30.

The company owns and operates or has an interest in 370 manufactured housing (MH) and RV communities in 31 states and Ontario.

Total revenues increased $55.3 million, or 20.6%, to $323.5 million compared to $268.2 million for the same period in 2017. Net income attributable to common stockholders was $46.1 million, or $0.56 per diluted common share, for the quarter ended Sept. 30, as compared to net income attributable to common stockholders of $24.1 million, or $0.31 per diluted common share, for the same period in 2017.

For the nine months ended Sept. 30, total revenues increased $112.3 million, or 15.2%, to $852.9 million compared to $740.5 million for the same period in 2017. Net income attributable to common stockholders was $96.5 million, or $1.19 per diluted common share, as compared to net income attributable to common stockholders of $57.6 million, or $0.76 per diluted common share, for the same period in 2017.

“Our third quarter results demonstrate the ongoing strength of our platform,” noted Gary Shiffman, CEO of Sun Communities. “We delivered solid operational results and continued to position the company for sustained long term growth.”

Total portfolio occupancy was 96.1% on Sept. 30 and 96.2% on Sept. 30, 2017. The slight decline in occupancy was primarily attributable to recently constructed but vacant MH expansion sites.

During the quarter ended Sept. 3, revenue producing sites increased by 628 sites, as compared to 394 revenue producing sites gained during the third quarter of 2017. During the nine months ended Sept. 30, revenue producing sites increased by 1,878 sites, as compared to an increase of 1,833 revenue producing sites during the nine months ended Sept. 30, 2017.

To read more on Sun Communities’ third quarter results click here.