Sun Communities Inc (STU:SCZ)
€ 121 3 (2.54%) Market Cap: 14.84 Bil Enterprise Value: 21.63 Bil PE Ratio: 66.76 PB Ratio: 2.12 GF Score: 65/100

Q3 2021 Sun Communities Inc Earnings Call Transcript

Oct 26, 2021 / 03:00PM GMT
Operator

Greetings. Thank you for joining us today for Sun Communities' Third Quarter 2021 Earnings Conference Call. (Operator Instructions) Please note that 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.

Gary A. Shiffman
Sun Communities, Inc. - Chairman & CEO

Good morning, and thank you for joining us as we discuss our third quarter 2021 results. A strong third quarter is a continuation of the momentum we have historically demonstrated, which reflects both the stability and the growth potential of the platform we've established. This includes organic growth, expansions and developments, and acquisitions. The combination of these elements allowed us to deliver 31.9% growth in core FFO per share during the third quarter and exceeded the high end of our guidance.

Along with the positive outlook for the remainder of the year, once again led us to raise our core 2021 FFO guidance of $0.16 at the midpoint to a range of $6.44 to

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