Sun Communities: Q1 Earnings Snapshot

Sun Communities: Q1 Earnings Snapshot

SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Sun Communities Inc. (SUI) on Monday reported a key measure of profitability in its first quarter.

Sun Communities: Q1 Earnings Snapshot - The Morning Sun

SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Sun Communities Inc. (SUI) on Monday reported a key measure of profitability in its first quarter. The Southfield, Michigan-based real estate investment trust said it had funds from operations of $166.1 million, or $1.26 per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. …