REIT Sun Communities to sell superyacht unit to Blackstone for $5.65 billion [Yahoo! Finance]
Sun Communities, Inc. (SUI)
Last sun communities, inc. earnings: 4/22 04:19 pm
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US:NYSE Investor Relations:
suncommunities.com/investor-relations
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Source: Yahoo! Finance
investment trust aims to focus on its core segments and reduce debt, sending its shares up more than 5%. The REIT expects the sale of Safe Harbor Marinas to Blackstone Infrastructure, an investment fund managed by the world's largest alternative asset manager Blackstone, to close in the second half of 2025, the companies said on Monday. The decision comes after Sun — which owns and operates manufactured housing (MH), recreational vehicle communities and marinas in the U.S., UK and Canada — announced measures to cut costs and boost revenue contribution from its high-margin core units. "We think investors will view this sale positively. It reinforces SUI's focus on core MH/RV, removes some earnings variability and reduces leverage," said UBS analyst Michael Goldsmith. After the transaction, the Southfield, Michigan-based REIT said it expects its North America MH and RV portfolio to account for about 90% of its net operating income. Sun Communities' marinas segment represented
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SUI
News
- Sun Communities Announces Chief Financial Officer Transition [Yahoo! Finance]Yahoo! Finance
- Sun Communities Announces Chief Financial Officer TransitionGlobeNewswire
- Sun Communities, Inc. Declares Fourth Quarter 2025 DistributionGlobeNewswire
- Halper Sadeh LLC Encourages Sun Communities, Inc. Shareholders to Contact the Firm to Discuss Their RightsBusiness Wire
- Sun Communities (NYSE:SUI) had its price target lowered by analysts at Morgan Stanley from $139.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
SUI
Earnings
- 10/29/25 - In-Line
SUI
Sec Filings
- 12/18/25 - Form 4
- 12/16/25 - Form 8-K
- 12/10/25 - Form 4
- SUI's page on the SEC website