SEC Filings

8-K
SUN COMMUNITIES INC filed this Form 8-K on 06/03/2019
Entire Document
 
 
OPERATING AND FINANCIAL HIGHLIGHTS Financial Performance Quarter Ended March 31, ALTA LAGUNA – CUCAMONGA, CA 2019 2018 % Change Total Revenue $287.3mm $258.0mm 11.4% Total NOI $164.4mm $149.1mm 10.3% Same Community Revenue $199.1mm $187.8mm 6.0% Same Community NOI $141.3mm $131.7mm 7.2% EPS1 $0.40 $0.38 5.3% Core FFO / Share1,2 $1.18 $1.14 3.5% Operating Highlights WILDWOOD – SANDWICH, IL • Increased revenue producing sites by 571 sites during 1Q 2019 • Sold 798 total homes in 1Q 2019, which is a 4.7% decrease over 1Q 2018 • Sold 125 new homes in 1Q 2019, which is a 17.9% increase over 1Q 2018 • Delivered 67 vacant expansion sites in 3 communities during 1Q 2019 Source: Company information. Refer to Sun Communities, Inc. Form 10-Q and Supplemental for the quarter ended March 31, 2019 as well as Press Releases after March 31, 2019 for additional information. Refer to information regarding non-GAAP financial measures in the attached Appendix. 1 Company information. Diluted. 2 Based on fully diluted shares of 90.105 million and 83.598 million for 1Q 2019 and 1Q 2018, respectively.