Sun Communities Q1 Core FFO rises to $1.40 per share; full-year guidance raised
Sun Communities reported a first-quarter 2026 net loss attributable to common shareholders of $8.7 million, or $0.07 per diluted share, narrowed from $42.8 million, or $0.34 per share, a year earlier. Core FFO per share was $1.40, up from $1.26, and the company raised its full-year 2026 Core FFO per share guidance by $0.04 to $6.87 to $7.07.
Key points
- Q1 2026 total revenues were $507.9 million, up 8.0% from $470.2 million in Q1 2025.
- North America Same Property NOI rose 6.3% for the quarter, while North America same property occupancy was 98.7%, unchanged from a year earlier.
- Full-year 2026 North America Same Property NOI growth guidance was increased to 4.2% to 5.2%.
- The company will hold an investor conference call at 11:00 a.m. ET on April 28, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 27, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.