Although in line with analyst’s consensus estimates of earning $0.82 per share for Q3, 2013, Sun Communities, Inc. (SUI) had revenues of $107. 20 for the same quarter 2012, far above the $80.38 million that had been estimated. By comparison, according to Zolmax.com, earnings per share hit $0.71 for the same quarter last year, and this year’s revenue increased 29.2 percent over last. As MHProNews knows, real estate investment trust (REIT) Sun owns and operates 185 manufactured housing and recreational vehicle resorts comprised of 68,300 sites.
(Photo credit: Sun Communities, Inc.)