2024-07-09 07:00:00 ET
Summary
- Valuation for Sun Communities, Inc. is now more attractive than before, with potential for 15%+ annualized upside, even at close to 20x P/FFO.
- Sun Communities is a residential REIT with exposure to underappreciated areas like manufactured housing, RV communities, and marinas.
- The company has not outperformed significantly since the last update, making it more attractive in terms of valuation.
This article was co-produced with Wolf Report.
The time has come for an update on Sun Communities, Inc. ( SUI ).
Sun Communities is a residential real estate investment trust, or REIT, with a track record of operational excellence and a diversified portfolio of properties.
Unlike many other REITs - this company's portfolio has exposure to underappreciated areas such as manufactured housing, RV communities, and marinas, making it relatively unique in the REIT sector.
We've covered this company previously, around 7 months ago .
Since our last article, the company has not exactly outperformed significantly. However, this only means that the company, at this time, is even more attractive in terms of valuation....
Read the full article on Seeking Alpha
For further details see:
Fun In The Sun (Communities)