While many commercial-based REITs are struggling due to COVID-19 related business shutdowns, most residential REITs are thriving. One of these residential REITs is Sun Communities (SUI), an owner and operator of manufactured home [MH] and recreational vehicle [RV] communities.
Many investors fall into the trap of chasing high-yield REITs. However, many of these investors may not look at the underlying fundamentals of the business. If a REIT is struggling to grow revenue and FFO, then the underlying price is likely to also suffer, and the payment distributions to shareholders could be reduced. Many