This Top-Performing Investment's Big Splash Is Paying Off via a $1.3 Billion Windfall Profit [Yahoo! Finance]
Sun Communities, Inc. (SUI)
Last sun communities, inc. earnings: 4/22 04:19 pm
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Source: Yahoo! Finance
the marina sector by acquiring Safe Harbor Marinas for about $2.1 billion. That deal gave it an expandable platform in the highly fragmented marina sector. The REIT is now cashing in on this investment. It has agreed to sell Safe Harbor Marinas to affiliates of Blackstone infrastructure for a whopping $5.65 billion in cash. That sale will lock in a $1.3 billion windfall profit for shareholders. It will also streamline Sun's focus and significantly enhance its already solid balance sheet. Cashing in on the big splash Sun Communities has agreed to sell 100% of its interest in Safe Harbor Marinas to affiliates of Blackstone. The $5.65 billion all-cash price represents a 21 times multiple on the funds from operations ( FFO ) the business produced last year -- a strong valuation. The company expects the sale to generate $5.5 billion of pre-tax proceeds after transaction costs, which it intends to use to strengthen its already solid investment-grade balance sheet. The sale will initia
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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