Same Property NOI

Sun Communities reported strong 2025 results, driven by a 7.9% increase in North American Same Property NOI and strategic acquisitions totaling $457 million. The MH/RV operator also returned over $1.5 billion to shareholders. While full-year Core FFO per share saw a slight dip to $6.68, guidance for 2026 anticipates growth, with Core FFO projected between $6.83-$7.03. Management expressed confidence through an increased quarterly distribution.