Rochester,NY 7/7/2009 2:56:27 AM
Late Afternoon Report - SUI- Sun Communities Declares Second Quarter 2009 Dividend - Sourced WhisperFromWallStreet.com
Sun Communities Inc
Late Afternoon Report - SUI- Sun Communities Declares Second Quarter 2009 Dividend - Sourced WhisperFromWallStreet.com
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Sun Communities Inc.SUI
After Hours: 14.44 Up 1.29 (9.81%) 3:46PM ET
Sun Communities, Inc. is a real estate investment trust (REIT) that currently owns and operates a portfolio of 136 communities comprising approximately 47,600 developed sites and approximately 6,100 sites suitable for development.
FORWARD LOOKING STATEMENTS
This press release contains various "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. The words "will," "may," "could," "expect," "anticipate," "believes," "intends," "should," "plans," "estimates," "approximate" and similar expressions identify these forward-looking statements. These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These risks and uncertainties may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the ability of manufactured home buyers to obtain financing, the level of repossessions by manufactured home lenders and those referenced under the headings entitled "Factors That May Affect Future Results" or "Risk Factors" contained in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in the Company's expectations of future events.
About
Sun Communities, Inc. operates as a real estate investment trust (REIT). The company owns, operates, and develops manufactured housing communities concentrated in the midwestern, southern, and southeastern United States. As of December 31, 2008, it owned and operated a portfolio of 136 properties located in 18 states, including 124 manufactured housing communities, 4 recreational vehicle communities, and 8 properties containing manufactured housing and recreational vehicle sites. The company?s properties contained approximately 47613 developed sites, which comprised of 42299 developed manufactured home sites, 3107 permanent recreational vehicle sites, and 2207 seasonal recreational vehicle sites; and 6081 manufactured home sites for development. As a REIT, Sun Communities would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1975 and is based in Southfield, Michigan.
Last Trade: 14.41
Day's Range: 13.25 - 14.53
52wk Range: 6.76 - 21.25
Volume: 237,528
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