NYSE$SUI
Sun Communities Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Sun Communities' first quarter results for 2020 were reported, along with an update on the effects of, and its response to, the COVID-19 pandemic.
Sun Communities reported an increase in total revenues to $310.3 million, an 8.0 percent increase compared to the same period in 2019. However, the company experienced a net loss of $16.1 million, or $0.17 per diluted common share, compared to a net income of $34.3 million, or $0.40 per diluted common share, for the same period in 2019.
- Core Funds from Operations (FFO) increased by 3.4 percent to $1.22 per diluted share and OP unit compared to $1.18 in the prior year.
- Same Community Net Operating Income (NOI) increased by 6.7 percent compared to the corresponding period in 2019.
- Revenue Producing Sites increased by 300 sites, bringing total portfolio occupancy to 96.7 percent.
- MH rent collections for April totaled approximately 98 percent as of April 21, 2020.
Headline financials
Revenue & EPS history
Sun Communities · Revenue · Quarterly
$310M
Revenue by segment
Sun Communities · $238M total across 2 segments · Q1 2020
- MH Total Revenue$213M—89.4%
- RV Total Revenue$25.3M—10.6%
Forward guidance
Given the uncertainty surrounding the impact from the COVID-19 pandemic on its operations, the Company has withdrawn full year 2020 operational and financial guidance previously issued on February 19, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.4%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+0.1%
Avg return
30 days after
64%
41 / 64 earnings
Positive
+8.8%
Q3 2022
Best reaction
-7.5%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -0.8% | -2.3% | |
| Q4 2025 | +2.0% | +4.5% | -4.4% | |
| Q3 2025 | +2.8% | +4.4% | +7.8% | |
| Q1 2025 | -4.5% | -3.8% | -4.3% | |
| Q4 2024 | -0.6% | -1.0% | -2.8% | |
| Q3 2024 | -7.5% | -4.6% | -6.4% | |
| Q2 2024 | +4.7% | +2.3% | +6.3% | |
| Q1 2024 | -6.5% | -1.5% | -3.1% | |
| Q4 2023 | +2.4% | +1.1% | +1.4% | |
| Q3 2023 | +2.4% | +4.4% | +18.7% | |
| Q2 2023 | -4.9% | -6.3% | -10.9% | |
| Q1 2023 | -2.3% | +0.3% | -7.6% | |
| Q4 2022 | -5.1% | -6.8% | -14.4% | |
| Q3 2022 | +8.8% | +12.1% | +21.9% | |
| Q2 2022 | +0.2% | +2.1% | -0.4% | |
| Q1 2022 | -1.8% | -6.0% | -13.8% | |
| Q4 2021 | -1.3% | -0.4% | -6.5% | |
| Q3 2021 | -2.2% | -3.1% | -1.1% | |
| Q2 2021 | +2.2% | +4.2% | +4.6% | |
| Q1 2021 | +1.4% | +3.5% | +3.9% | |
| Q4 2020 | +1.2% | +1.3% | -0.4% | |
| Q3 2020 | -2.3% | -2.3% | -3.6% | |
| Q2 2020 | +3.4% | +4.1% | +7.6% | |
| Q1 2020 | +3.4% | +15.8% | +13.0% | |
| Q4 2019 | +2.1% | +1.0% | -33.6% | |
| Q3 2019 | +1.9% | +1.9% | +2.0% | |
| Q2 2019 | -0.2% | +1.2% | +11.5% | |
| Q1 2019 | +2.2% | +1.7% | +5.5% | |
| Q4 2018 | -0.7% | -1.0% | +3.0% | |
| Q3 2018 | +3.7% | +3.2% | +3.0% | |
| Q2 2018 | +0.2% | +0.2% | +5.8% | |
| Q1 2018 | +0.0% | +2.9% | +2.2% | |
| Q4 2017 | +2.4% | +4.0% | +3.6% | |
| Q3 2017 | +0.5% | +0.7% | +4.2% | |
| Q2 2017 | +1.2% | +1.4% | +2.3% | |
| Q1 2017 | +0.5% | +0.2% | +4.0% | |
| Q4 2016 | +3.1% | +2.2% | -0.6% | |
| Q3 2016 | -1.0% | -2.3% | -7.6% | |
| Q2 2016 | -2.4% | -3.6% | -4.3% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +1.7% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | +3.3% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | +6.6% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | -3.9% | — | — | |
| Q2 2012 | +0.4% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q1 2010 | +0.7% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | -1.9% | — | — | |
| Q3 2010 | -1.9% | — | — | |
| Q2 2010 | +2.5% | — | — | |
| Q2 2011 | +2.5% | — | — | |
| Q4 2010 | +2.5% | — | — |
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