Sun Communities to Sell Marinas Business to Blackstone

Blackstone to buy Sun Communities' Safe Harbor marinas for $5.65B
Sun Communities (NYSE:SUI) stock climbed 5.4% in early Monday trading after the REIT agreed to sell its Safe Harbor marinas business to private equity giant Blackstone (NYSE:BX) for $5.65B in an all-cash transaction.
Sun Communities to Sell Marinas Business to Blackstone for $5.65 Billion
Sun Communities said it has entered into a definitive agreement to sell 100% of its interests in the Safe Harbor Marinas business to affiliates of Blackstone Infrastructure for an all-cash ...
Sun Communities Sets Sail for Steady Earnings Growth with Safe Harbor Transaction
Sun Communities (the company) hosted its Fourth Quarter and Year-End 2024 Earnings Conference Call, where management presented a robust performance for the year, driven by strategic priorities aimed at simplifying operations,
REIT Sun Communities to sell superyacht unit to Blackstone for $5.65 billion
Sun Communities will sell its superyacht servicing business for $5.65 billion in cash, as the real estate investment trust aims to focus on its core segments and reduce debt, sending its shares up more than 5%.
Blackstone paying $5.6 billion to buy Safe Harbor Marinas
Private equity giant Blackstone has agreed to acquire Safe Harbor Marinas, a Dallas-based marina and superyacht servicing company, for $5.65 billion from Sun Communities. Why it matters: This is a reminder that the pandemic-era boating boom didn't sink.
Sun Communities’ Stock Surges After Blackstone Agrees To Acquire Its Safe Harbor Marinas Business: Retail’s Unconvinced Yet
Shares of real estate investment trust Sun Communities Inc. (SUI) soared approximately 7% on Monday after Blackstone Inc. (BX) announced that funds managed by Blackstone Infrastructure will acquire Safe Harbor Marinas,
Sun Communities price target raised to $155 from $134 at RBC Capital
RBC Capital raised the firm’s price target on Sun Communities (SUI) to $155 from $134 and keeps an Outperform rating on the shares. The ...
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Sun Communities (SUI) Beats Q4 FFO and Revenue Estimates
Sun Communities (SUI) came out with quarterly funds from operations (FFO) of $1.41 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to FFO of $1.34 per share a ...
Sun Communities: Q4 Earnings Snapshot
For the current quarter ending in March, Sun Communities expects its per-share funds from operations to range from 78 cents to 86 cents. The company expects full-year funds from operations in the ...
Sun Communities Reports 2024 Fourth Quarter and Full Year Results; Provides 2025 Guidance
Net Income / (Loss) per Diluted Share of $(1.77) and $0.71for the Quarter and Full YearCore FFO per Share of $1.41 and $6.81for the Quarter ...
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SUI Sun Communities, Inc.
Established in 1975, Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol ...
This Top-Performing Investment's Big Splash Is Paying Off via a $1.3 Billion Windfall Profit
Sun Communities ( SUI 0.61%) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its ...
Sun Communities, Inc. to Present at the Citi 2025 Global Property CEO Conference
Sun Communities, Inc. is a REIT that, as of December 31, 2024, owned, operated, or had an interest in a portfolio of 645 developed properties comprising approximately 176,390 developed sites and ...