Q1 2021 Sun Communities Inc Earnings Call Transcript
Greetings. Thank you for joining us today for Sun Communities First Quarter 2021 Earnings Conference Call.
(Operator Instructions)
Please note, this conference is being recorded. I would now like to turn the conference over to your host, Gary Shiffman, Chairman and Chief Executive Officer.
Thank you. You may begin.
Good morning, and thank you for joining us as we discuss our first quarter 2021 results. We're very pleased with the performance of all of our business lines as 2021 is off to a very strong start. In the first quarter, we delivered core FFO per share of $1.26, which exceeded the high end of our guidance of $1.17. Due to this outperformance and strong visibility into our second and third quarter transient RV bookings, we are raising our 2021 core FFO per share annual guidance range by $0.13, to $5.92 to $6.08, and our expected Same Community NOI growth for the full year by 190 basis points to a range of 7.5% to 8.5%.
The momentum we experienced in our
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