AngusMcK

$SUI:NYSE - SUN COMMUNITIES - Manufactured communities

Long
NYSE:SUI   Sun Communities, Inc
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Sun Communities popped up on one of my momentum scans and as well as an outstanding chart and year on year price growth, I really like the concept. Housing prices here in Australia have gone crazy with $1M+ needed to own a property in most major cities in Australia. I really like the idea of as alternative to apartments or tiny homes a happy medium using modern prefabricated materials to create comparatively inexpensive but comfortable housing. I can imagine this will be a more and more a desirable option. Well worth a watch.

$13B USD company :)

EBITDA ( TTM ) $591.087M
Gross Profit (FY) $650.935M
Last Year Revenue (FY) $1.127B

Sun Communities , Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV). As of December 31, 2016, it owned and operated or had an interest in a portfolio of properties located throughout the United States and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 properties containing both MH and RV sites. The Company operates through two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, or has an interest in a portfolio, and develops MH communities and RV communities throughout the United States and is in the business of acquiring, operating, and expanding MH and RV communities.

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