SUI Group Holdings Limited ( SUIG ) Q3 2025 Earnings Call November 13, 2025 8:00 AM EST Company Participants Marius Barnett Stephen Mackintosh - Chief Investment Officer Douglas Polinsky - Co-Founder, CEO, President & Director Joseph Geraci - Co-Founder, CFO & Director Conference Call Participants Brian Kinstlinger - Alliance Global Partners, Research Division Devin Ryan - Citizens JMP Securities, LLC, Research Division Presentation Operator Good morning, everyone, and thank you for participating in today's conference call to discuss SUI Group Holding's financial and operating results for the third quarter ended September 30, 2025. Joining us today are SUI Group's Chairman of the Board, Marius Barnett; Chief Investment Officer, Stephen Mackintosh; Chief Executive Officer, Douglas Polinsky; and Chief Financial Officer, Joseph Geraci.
Sun Communities (SUI) is a REIT with a 3.8% yield, consistent profits, and a financially healthy balance sheet, but lacks strong growth catalysts. SUI's decade-long revenue growth relied heavily on debt and equity raises, with limited accretive impact for shareholders and limited dividend growth. Despite high occupancy and resilient FFO, SUI's manufactured home and RV assets lack the favorable long-term trends seen in other REIT sectors.
Sun Communities, Inc. ( SUI ) Q3 2025 Earnings Call October 30, 2025 2:00 PM EDT Company Participants Charles Young - CEO & Director John McLaren - President Fernando Castro-Caratini - Executive VP, CFO, Treasurer & Secretary Aaron Weiss - Executive Vice President of Corporate Strategy & Business Development Conference Call Participants Steve Sakwa - Evercore ISI Institutional Equities, Research Division James Feldman - Wells Fargo Securities, LLC, Research Division Jana Galan - BofA Securities, Research Division John Kim - BMO Capital Markets Equity Research Eric Wolfe - Citigroup Inc., Research Division Adam Kramer - Morgan Stanley, Research Division Michael Goldsmith - UBS Investment Bank, Research Division Jason Wayne - Barclays Bank PLC, Research Division Wesley Golladay - Robert W. Baird & Co. Incorporated, Research Division Brad Heffern - RBC Capital Markets, Research Division David Segall Omotayo Okusanya - Deutsche Bank AG, Research Division Presentation Operator Good afternoon, ladies and gentlemen, and thank you for standing by.
| Residential REITs Industry | Real Estate Sector | Charles D. Young CEO | XSTU Exchange | US8666741041 ISIN |
| US Country | 6,491 Employees | 31 Dec 2025 Last Dividend | 10 May 2006 Last Split | 8 Dec 1993 IPO Date |
Sun Communities, Inc., established in 1975 and becoming a publicly owned corporation in December 1993, is recognized as a leading fully integrated Real Estate Investment Trust (REIT). It is prominently listed on the New York Stock Exchange under the symbol SUI. As of December 31, 2023, Sun Communities has significantly grown its portfolio to include ownership, operation, or interest in a combined total of 667 developed Manufactured Housing (MH), Recreational Vehicle (RV), and Marina properties. This expansive portfolio encompasses 179,310 developed sites alongside approximately 48,030 wet slips and dry storage spaces, spreading across diverse geographical locations in the U.S., the UK, and Canada.
These are communities designed to offer affordable, quality housing options. They enable residents to enjoy the benefit of homeownership in a community setting, with various amenities and management ensuring a high standard of living. Sun Communities' MH offerings contribute significantly to addressing the demand for affordable housing solutions.
Sun Communities provides premier RV parks that offer temporary and seasonal accommodations for RV owners. These parks are equipped with modern amenities such as hook-ups, leisure facilities, and often community events, catering to the lifestyle of mobile and vacationing occupants. This service taps into the growing trend of RV travel and the community aspect of RV living.
Operating marinas within its portfolio, Sun Communities caters to the needs of boat owners by offering wet slips for docking and dry storage spaces. These facilities often come with supporting amenities and services for boating enthusiasts, underlining the company's commitment to providing comprehensive lifestyle-oriented solutions across its property types.