Added to YB: 2024-03-20
Pitch date: 2023-12-31
SUI [neutral]
Sun Communities, Inc.
+6.48%
current return
Author Info
No bio for this author
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Company Info
Sun Communities, Inc. is a REIT that, as of September 30, 2025, owned, operated, or had an interest in a portfolio of 501 developed properties.
Market Cap
$16.1B
Pitch Price
$121.41
Price Target
N/A
Dividend
3.20%
EV/EBITDA
15.57
P/E
-46.94
EV/Sales
6.20
Sector
Residential REITs
Category
special_situation
Show full summary:
Third Avenue Real Estate Value Fund Portfolio Holding - Sun Communities, Inc.
SUI selling Ingenia stake & non-core assets to focus on core, close NAV gap vs peer. FPH debt exchange offer 99% accepted, cutting $100M debt, extending maturity to 2028, adding amortization. Unlocks value in scarce land holdings, cheap vs implied price.
Read full article (1 min)