Sun Communities Inc (STU:SCZ)
€ 115 0 (0%) Market Cap: 15.13 Bil Enterprise Value: 22.19 Bil PE Ratio: 67.08 PB Ratio: 2.13 GF Score: 65/100

Sun Communities Inc at REITWORLD: Nareit Virtual Conference Transcript

Nov 18, 2020 / 09:30PM GMT
Joshua Dennerlein
BofA Merrill Lynch, Research Division - Research Analyst

I'm Dennerlein, Bank of America Senior Analyst covering the manufactured house REITs. I'm pleased to be joined by Gary Shiffman, Sun Communities' Chairman and Chief Executive Officer. Gary has been a Director and Executive Officer since Sun's inception in 1993. Gary has been actively involved in the management, acquisition, construction and development of manufactured housing communities and has developed an extensive network of industry relationships over the past 30 years.

With that, I would like to hand it over to Gary to provide a brief overview of Sun Communities. Gary?

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

Thanks, Josh, and thanks, everybody, for attending today. Quick recap of third quarter and a little bit of an update of where we are today. Demand for manufactured housing and our RV Resorts remains very, very strong. As we discussed, third quarter, we gained over 750 revenue-producing sites, same community NOI growth was 5.5%, rent collections

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