Sun Communities ( (SUI) ) just unveiled an update.
On February 24, 2025, Sun Communities announced the sale of its Safe Harbor Marinas business to Blackstone Infrastructure for $5.65 billion. This strategic move allows Sun to refocus on its core MH and RV segments, enhancing its financial flexibility and leverage profile. The transaction is expected to generate approximately $5.5 billion in pre-tax proceeds, which will be used for debt reduction, shareholder distributions, and reinvestment in core businesses. The sale is anticipated to close in the second quarter of 2025, subject to customary conditions, and is expected to significantly improve Sun’s balance sheet and financial metrics.
More about Sun Communities
Sun Communities, Inc. is a real estate investment trust (REIT) that owns and operates manufactured housing (MH) and recreational vehicle (RV) communities. The company focuses on providing high-margin, durable income streams through its core MH and RV segments.
YTD Price Performance: 3.00%
Average Trading Volume: 796,167
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.06B
Find detailed analytics on SUI stock on TipRanks’ Stock Analysis page.