Sun Communities raised its full-year 2026 core FFO per share guidance midpoint to $7.02, up from the prior $6.97, while confirming the sale of its UK business remains on track to close by the end of the year. The updated outlook assumes a full-year contribution from UK operations and does not reflect any impacts from the pending divestiture. Second-quarter core FFO per share reached $1.84, exceeding the high end of guidance, driven by strength in the Manufactured Housing portfolio. North American same-property net operating income for manufactured housing and RV combined rose 6%, with manufactured housing same-property NOI up 8.8% and occupancy above 98%. The company also announced a new $1 billion share repurchase program and disclosed year-to-date buybacks of approximately $260 million, with about $800 million remaining under the current authorization.
Sun Communities IncRaised 2026 core FFO guidance midpoint, Q2 core FFO beat high end, and announced $1B buyback with $260M YTD repurchases.