Sun Communities posted a net loss attributable to common shareholders of $992.7 million, or $8.08 per diluted share, for the second quarter of 2026, driven by a $1.1 billion non-cash valuation allowance on its UK business held for sale. Net income from continuing operations was $42.3 million, or $0.32 per diluted share, compared with a loss of $30.0 million a year earlier. Core FFO per share rose to $1.84 from $1.76, while same-property net operating income grew 6.0 percent, led by an 8.8 percent increase in manufactured housing. The company raised its full-year 2026 same-property NOI growth guidance by 20 basis points to a range of 4.5 to 5.3 percent. Sun Communities also repurchased 0.9 million shares for $111.1 million during the quarter and announced the planned sale of its UK platform for £785.7 million, expected to close in the second half of 2026.
Sun Communities IncCore FFO per share rose, same-property NOI grew 6%, and guidance raised, indicating improved operational performance.