gary shiffman sun communities email address

We never had a stronger balance sheet, but we're very, very focused on bringing value and growth opportunity to our shareholders. And would you expect your volume of acquisitions in 2023 to be lower or higher than 2022? You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. Hey, guys. It's gotten more expensive. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. So, you will continue to see an emphasis on that strategy as we go forward. Please go ahead. You may now disconnect your lines. Hi, everyone. Faqs. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. Company profile for Sun Communities Inc. including key executives, insider trading, ownership, revenue and average growth rates. The company's principal address is . | 1 maart 2023 Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. Note that we expect first quarter results to reflect the seasonality of U.K. operations, as outlined in our supplemental, which we acquired in April 2022. Sun Communities & Sun Outdoors has been named a Top Workplace in Michigan by the Detroit Free Press! Gary attended Michigan State University. Required fields are marked *. This information is according to proxy statements filed for the 2021 . We've just elected to shift smaller margin over to higher valuation in the form of sticky rent. [Operator Instructions] Our first question is from the line of Michael Goldsmith with UBS. Welcome to the Sun Communities Fourth Quarter and Year End 2022 Earnings Conference Call. And the scale and size, John, I think we're able to get best-in-class pricing, so to speak, and it is a question that we certainly asked. That is very likely making improvements to that site and bringing up the value of the community itself or being hyper-focused on continuing the conversion program over to the annual side. So, things are rock-solid. So, our new home or pre-owned home sales being down a little bit, it's just reflective of the demand, people staying in their homes longer. 5.8% increase in expenses was primarily related to turnover costs in our rental program, as one consequence of the pandemic was lengthened average stay and therefore, higher related refurbishment costs. I'd like to thank all of our Sun team members who contributed extraordinary efforts to our collective success. And going forward, we expect good solid growth this coming year. Yes, that's a great question. Email Formats. And just on the excluding transient portion too, right, what would the range be if you exclude your expectations, because there's going to be a bit of an uplift? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Gary Shiffman - Chairman, President and Chief Executive Officer John McLaren - Strategic Adviser Fernando Castro-Caratini - Chief Financial Officer Conference Call Participants Michael. View more questions & answers Overview of Sun Communities complaint handling As I assume my new responsibilities focusing on our MH development efforts, I look forward to supporting Bruce and the entire team. Legal taxes and insurance of our Same Property portfolio represent -- are expected to represent about 10% this year. Included in this expected expense growth is an approximately $18 million increase in property-related insurance costs. And on the lease termination, we did mention in my remarks, we did rationalize some space in our main office and got out of two floors in our offices here in Southfield. Gulf War veteran, 1990-1991 USS Blue Ridge (LCC 19), 1988-1991 USS Fife (DD 991) 1991-1992 Pentagon: Chief of Naval Operations, Surface Warfare Division, 1993 And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. And the fact that they're direct selling their homes, so there's no interruption in rent to us, but we're not able to buy the inventory to flip into the used homes as we have been. Thanks for that answer. The most-recent trade in Sun Communities Inc is the acquisition of 129,486 shares on August 16, 2021, which cost Gary A Shiffman around $26 Million. Throughout 2022, we continue to focus on corporate expense rationalization, including process efficiencies and reducing our office footprint. So, we're not running to shed assets, but we are reviewing them very, very carefully as to growth. million verified professionals across 35 million companies. By continuing your navigation, you consent to their use. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. Name . At our RV communities, we set another annual record for site conversions to annual leases. For the year, Sun reported core FFO per diluted share of $7.35, a 12.9% increase from 2021. What Could Elon Musk Possibly Be Thinking? Additionally, Mr. Shiffman, through his family-related interests, has had significant direct holdings in various real estate asset classes, which include office, multi-family, industrial, residential and retail. I think I'd remind everybody, we're going back to more of a pre-COVID normal pattern. Is this your company? Mr Shiffman was appointed to the Board in December 2018. And a big focus that has really been there for almost 10 years now of the conversions that we talk a lot about, it is easier to forecast when we convert a transient to an annual. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. Mr Shiffman is currently Chairman and Chief Executive Officer of Sun Communities, Inc. (NYSE:SUI) Mr Shiffman has . These new sites will begin contributing revenue in 2023 and provide a new base for growth in the coming years. Sure. But if you look out into the whole year, we're a little bit ahead in total booking pace, meaning bookings that have actually happened at this point in time versus where we were last year. Thank you. Sun Communities raise the rent and by Sun Communities raise the rent by 4.5% every year until it become unaffordable living in one of their 55 y/old trailer park. Out of their 1 competitor, Aspen Heights, Sun Communities' score . There are 4 older and 13 younger executives at Sun Communities. In January of this year, we issued $400 million of 10-year senior unsecured notes, which benefited from $250 million of treasury locks and used those proceeds to further reduce our line of credit balance. So, the 15%, just to clarify, the 15% does not reflect market prices for U.K. home sales? Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! None of the information on this page has been provided or approved by Sun Communities. One of the key factors of our business that we are able to pass on, expenses in the form of rental increases. RBC Capital Markets is positief over het aandeel met een koopadvies. Sun Communities, Inc. (NYSE:SUI) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET, Gary Shiffman - Chairman, President and Chief Executive Officer, Fernando Castro-Caratini - Chief Financial Officer. Occupancy in our Same Property MH and RV portfolio remained strong, increasing 180 basis points during 2022 to end the year at 98.6%. So really, really strong demand. SUN COMMUNITIES, INC. is an Arizona Business filed on October 7, 1997. So, strategically, over time, we expect to more than capture that difference, certainly, on a multiple basis for the stickiness of the rental revenue versus the lower-margin business. He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. No credit card required. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. John? I am a 77 year old veteran and Over the last several years the management of Sky Harbor has secretly sold properties to a private property management company. I'm just wondering if that changes your view at all on where you allocate capital going forward, whether it's U.K., Midwest or some other markets where it may alleviate some of these factors. 1975: Milton M. Shiffman begins acquiring manufactured housing communities. Caucasian employees are most confident in their Executive Team. Career & Education - Company, University, & College Gary attended Michigan State University. You guys are -- there's a membership program where now you can get your annual [indiscernible] at cost. Please go ahead. And as we've talked about before, our business is really about reliable growth because of the strong demand and short supply. At the midpoint, these rental increases are 6.3% for manufactured housing, 7.8% for RV and 7.5% for marinas. As we look ahead to 2023, we once again expect to deliver a year of solid Same Property growth. But it is interesting, as John pointed out, we've seen some higher growth on the higher end of what they referred to as the lodges. Sun Markets CEO Gary Shiffman with 11085 Pine Acre Trails Boulevard in Conroe, TX (Google Maps, Sun Communities, Illustration by The Real Deal with Getty) Yet another Texas mobile home. Gary Shiffman Chairman & Chief Executive Officer Sun Communities, Inc. Gary A. Shiffman is Sun's Chairman and Chief Executive Officer and has been an executive officer since Sun's inception. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. But I believe in these periods of times, as I said before, as people have to refinance things at a whole new rate in a whole new world, opportunities may become available there that are accretive across our current cost of capital. Yes, Wes, it's Gary. His association with Sun Communities goes back to its inception. Like is there a way to kind of recover it kind of over the long term? SUN COMMUNITIES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. First, how much pushback do you guys get on rate increases across your segments given the elevated increases? And he alluded to it, the rising rates is not necessarily a surprise, especially in the last few months. These investments have accretive going-in cap rates, and we believe they will deliver significant ongoing growth and yield strong returns. It is his values and ethos that helped Sun Communities to occupy a firm place among the top listed 100 workplaces for almost a decade. You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com. It is more cost effective in picking up that 50% increase on a per site basis for the first year, and about 7.5% conversions last year of our transient to annual. I think from the booking pace perspective, right now, we are trending just a little bit ahead of last year, which is great. Enter employee name to find & verify emails, phones, social links, etc. And more so a question on how we should think about modeling this line item going forward. Last updated 24 days ago. Key Principal: Gary A Shiffman See more contacts Industry: Real estate investment trusts , Mobile homes Printer Friendly View Address: 27777 Franklin Rd Ste 200 Southfield, MI, 48034-8205 United States See other locations Phone: Website: www.suncommunities.com Employees (this site): Modelled Employees (all sites): Actual Revenue: $2.27 billion And then, on the U.K., it looked like MH occupancy was down almost 300 basis points in the fourth quarter. Sun Communities announced Tuesday that it had acquired Dallas-based Safe Harbor Marinas for $2.11 billion. GARY A. SHIFFMAN, agent; GARY SHIFFMAN, director; JOHN B MCLAREN, president; KAREN J DEARING, treasurer; KAREN J DEARING, secretary Is -- does the 15% reflect market prices? We are nearly 95% booked, which is better than we were at this time last year for Q1. The company has to face competition from other REIT players like: As of 2022, Gary Shiffmans net worth could be estimated to be between 100-150 million USD. You can find contact details for Sun Communities above. For those who would like to participate in the question-and-answer session, management asks that you limit yourself to two questions, so everyone who would like to participate has ample opportunity. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. And the only thing I'd add and then we covered in our posted deck is the delta difference between alternatives, whether it being single-family residential, whether it be multifamily, where you still do provide 25% more space at 50% of the per square foot cost offer a lot of advantages of being able to pull right up to the house, bring your groceries on, have your car in a carport, a garage, et cetera. Get contact details including emails and phone numbers Total portfolio occupancy of 96.8% includes newly delivered development and expansion sites. 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I think it's one of the high points that we've seen. And this is right, once you've converted that site, you have a resident there for on average a five-or-plus year period of time. And by paying down that debt, if that's what we elect to do, we obviously recapture of that lost interest rate. Yes. Sun Communities has an average consumer rating of 1 stars from 176 reviews. Ms. Dearing served as our Chief Financial Officer, Treasurer and Secretary from 2008 - 2022. I will now turn the call over to John and Fernando to speak to our results and guidance in detail. On the U.K. side, we're seeing enormous strength on the higher end of home buying, the more expensive homes increasing. I think it totally reflects quality, location and value of the assets in our portfolio. I would suggest that we're really seeing, maybe a little bit earlier than others from a renewal standpoint, what everybody else has been or will be seeing going forward. We are doing work that matters - connecting customers with businesses around the world and help them resolve issues and be heard. Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008. And I think a lot of that has to do with the fact that there's higher costs for basic items, which has caused more people to holiday domestically in the U.K. rather than go to Europe. The oldest executive at Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent Director. 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We received an approximate 50% uplift in revenue in the first full year after conversion. No credit card required. (Suggested: Healthpeak Properties CEO Email & Net Worth Tom Herzog). I will now turn it over to Fernando to discuss our financial results in more detail. Maybe a follow-up on that in terms of the development sites. Got it. And so -- and then the other thing that I would add is looking out into 2023 from a strength perspective, 90% of our owners have already paid their 2023 pitch fees in full are committed on direct debit. Gary A. Shiffman is the CEO of Sun Communities, Inc. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. So yes, that does factor into our toolbox. Just one quick one from me on acquisitions. So, paying down variable debt is probably something that allows us greater opportunity to create growth in the future or if there's something very accretive, we would look at that as well. If you're not automatically redirected, please click here. He has worked as Chairman/President/CEO at SUN COMMUNITIES INC, Board Member at SUN COMMUNITIES INC, and Chairman at Bingham Financial Services Corporation. So, our expectation is that we will pass-through these costs through rental increases as we go forward because they're part of our operating business. Find contact information for Sun Communities. Gary A. Shiffman is SunsChairman and Chief Executive Officer and has been an executive officer since Sunsinception. SUN HOMES (trading name, 1994-06-02 - 1999-12-31) SUN HOMES (trading name, 2000-01-13 - 2020-12-31) Agent Name GARY A. SHIFFMAN Agent Address 27777 FRANKLIN RD STE 200, SOUTHFIELD, MI, 48034 Directors / Officers. Keegan, I'll give you the comparative for Same Property. Sun Communities currently employs approximately 3,146 people. We also did swap 400 million of our pound sterling term loan in the U.K. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. Get Contact Info for All Departments Sun Communities Org Chart Gary Shiffman And third, of course, is that difficult economies often turn up opportunities, and we are looking at a number of opportunities from all of the different platforms. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release. And then, how are you guys thinking about the kind of payback as you kind of increase rate on the annual side? Our next question is from the line of Wes Golladay with Baird. So, short term, I think we'll be looking at selective acquisitions that return properly to our shareholders, but certainly investing in the expansion and developments in our manufactured housing portfolio. (Podcast), Chairman/President/CEO, Sun Communities Inc. Yes, the company is profitable. He 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 thirty years. They definitely came in looking pretty strong, so just a few questions. 2200 West Wilson Street and 6154 Mission Boulevard in Riverside County with Sun Communities CEO Gary Shiffman (Sun Communities, Google Maps, Illustration by The Real Deal) Mobile home. On a total portfolio basis, we expect total revenues from real property to increase between 8.1% and 8.7% in 2023, and expenses to increase between 13.5% and 13.9%. Submit a complaint and get your issue resolved. So, we're running a little bit ahead. The final note, increasing interest rates were a headwind on FFO growth in the back half of 2022 and continue to be a headwind in our 2023 guidance. So, should this only grow with acquisitions? We look forward to our next call and certainly invite anyone to reach out to Fernando and his team with any follow-up questions. At this time, management would like me to inform you that certain statements made during this call, which are not historical facts, may be deemed forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995. Sun Communities, inc ( SUI -0.28%) Q2 2021 Earnings Call. But certainly, as we look out at expectations from a market perspective, there's potential for 2023 to set baseline as far as interest expense and then that either becomes neutral or a tailwind heading into future years. Jul 27, 2021, 11:00 a.m. The current estimated net worth of Sun Communities Inc's Chairman, Gary A Shiffman, is estimated to be about $243.54M . Team Members. Please go ahead. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. I know the marinas [under the] (ph) safe harbor. We continue to evaluate parts of our portfolio where we think we can redeploy the capital with greater growth. Sun Communities has 3,146 employees, of which 5 are in a leadership position. We are also providing certain guidance data points to help the investment community track Park Holidays' performance. Executive Summary. Sun recently set a target to achieve carbon neutrality by 2035 and net-zero emissions by 2045. Gary A. Shiffman; CEO, President & Chairman; Sun Communities, Inc. John Bandini McLaren; EVP; Sun Communities, Inc. Anthony Franklin Powell; Research Analyst; Barclays Bank PLC,. And then, while we certainly know there are headwinds on site build housing, especially due to mortgage rates, the delta difference between a single-family residence and the overall cost of living in one of our manufactured housing communities is such that for many, many Americans, manufactured housing will be the only option available for home ownership. To find out more about what we have to offer, visit a community near you or contact us. Of the 3,100 at the high end, 60% is expected on the RV side. Purchase/Sale: Shares: Price $ Amount $ D/I: 01 Mar 2023 10:54: SUI: SUN COMMUNITIES INC : LEWIS CLUNET R Identity theft? Every home they own was meant for demolition. Going forward, we will focus on delivering two to three new MH developments each year as well as continued expansions at our existing properties. Those would be the primary reasons from that perspective. Safe Harbor's operating team, led by Baxter . Required fields are marked *. Thank you, everybody. Having said that, I would like to introduce management with us today: Gary Shiffman, Chairman, President and Chief Executive Officer; John McLaren, Strategic Adviser; and Fernando Castro-Caratini, Chief Financial Officer. There is nothing identified yet or nothing that is meaningful. Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg. Safe Harbor Marinas Acquired for $2.1 Billion. Contact Personal Website (s) garyshiffman.com Giant Oak, Inc. Consileint Bio and Featured Works Professor Gary M. Shiffman explores relationships between behavioral science and national security. And we expect about 60% of these revenue-producing sites to come from RV transient site conversions to annual leases. This complaint was posted by a verified customer. Good morning, everyone. Could you maybe go into the three deals you did in December, MH, RV, marina in terms of cap rate sourcing? Company Overview. As the Chairman of the Board of Sun Communities, the total compensation of Gary Shiffman at Sun Communities is $7,969,260. Got it. Reagan Haynes. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. We are also establishing guidance for first quarter 2023 core FFO per share in the range of $1.15 to $1.20. In 2022, core FFO per share grew 12.9%, driven by strong demand for our offerings as well as our accretive investment activity. . Sign up for a free account. 10 free leads on us . Sign-In-To-Your-Account. But as John mentioned or maybe I mentioned during -- in my section of the script, we are expecting another very strong year of conversions from transient sites to annual leases. This year marks Sun's 30th year as a public company. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. And they look at the claims that they've paid out versus the premiums they've taken in. 2023 Sun Communities, Inc. All Rights Reserved. We have inventory of over 16,000 fully-entitled sites for development and delivery in future years, representing embedded continued growth. But certainly, looking to actively manage our exposure to floating-rate debt. And then, taking a step back, so if we think about your -- both your real property, excluding transient and transient on a like-for-like basis, if we exclude your transient conversion expectations for '23, where would the numbers shake out, both on excluding transient, then transient as a whole, right? So, seeing the demand, where it is now, is very encouraging for us. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. He is a member of our Executive Committee. Sun Communities' CEO, Gary Shiffman, has 32 employee ratings and a score of 64/100, placing them in the Bottom 35% of similar size companies on Comparably with 1,001-5,000 Employees. Thank you. The primary factor, as mentioned on the call, is going to be our interest expense for -- projected interest expense for 2023. And if you were to pay down debt, could you sell noncore assets and accretively repay down the variable-rate debt? What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. During the year, we achieved a record of over 2,900 revenue-producing site gains, driven by more than 2,250 conversions of transient RV sites to annual leases, which topped last year's record conversions of nearly 1,700 sites and represented a 36% year-over-year increase. We always appreciate the opportunity to have these calls and speak about the business. Image source: The Motley Fool. We negotiate as a package. We were expecting about a 90-basis point increase year-over-year in revenue from transient RV. Competitors. He has overseen the acquisition, rezoning, development and marketing of numerous manufactured home expansion projects, as well as other types of income producing real estate. So that is one area. We've also taken advantage of the fact that our assets that are still under secured financing or still have mortgages, because of their strong performance, we're able to borrow up on existing financings and did a $311 million one that closed between December and January over the course of the last couple of months. Gary A. Shiffman serves as Chairman of the Board of the Company. Our next question is from the line of Anthony Powell with Barclays. Sun Communities Executive Team & Key Decision Makers. Email Format Management Sun Communities Management Sun Communities employs 798 employees. Gary Shiffman and the Sun Communities leadership team are scored a C by 31 employees placing it in the Bottom 40% of companies sized 1,001-5,000 Employees on Comparably. So, we don't currently see those type of headwinds that you're suggesting in the marina business. No credit card required. Sun Communities corporate office is located in 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States and has 1,963 employees. Mr. Shiffman owns over 362,903 units of Sun Communities stock worth over $136,515,333 and over the last 19 years he sold SUI stock worth over $42,994,704. So, from the end of September to the end of December, the pound did appreciate significantly. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. We prefer the stickiness of the rent over the one-time margin on the home sales. I guess maybe for Gary, just on the home sales in general, whether it's U.S., U.K., are you seeing anything by region, by product type, by price point? In light of current market conditions, we have shown discipline with regard to our approach to capital allocation, and we'll continue to do so going forward. Denso International America, Inc. Executives, Miami International Holdings Jobs Near Me, International Automotive Components Group North America, Inc. Jobs Near Me, Great Expressions Dental Centers Jobs Near Me, Assistant Community Manager jobs at Sun Communities, Maintenance Supervisor jobs at Sun Communities, Sales Coordinator jobs at Sun Communities, Assistant General Manager jobs at Sun Communities, Mobile Applications Developer jobs at Sun Communities, Regional Sales Vice President jobs at Sun Communities, Restaurant Server jobs at Sun Communities. What are you seeing on the leading-edge demand for transient RV? Sun Communities deals in the Real estate investment trust industry According to the latest report, Sun Communities has generated US$1.264 billion (2019) and net income being US$0.160 billion (2019). 1993: The firm goes public as Sun Communities Inc. 1994: Sun has the best-performing stock among manufactured housing . I'll address the marine part, and you can talk about the rest of the portfolio, John. Of Wes Golladay with Baird which 5 are in a Leadership position that does into. Is not necessarily a surprise, especially in the U.K expect to deliver a year of solid Property. Interest rate approved by Sun Communities, Inc. is Clunet Lewis, 73, who is the Lead Independent.! A new base for growth in the edgar filing system Chairman/President/CEO at Sun Communities and be.. On this page has been named a Top Workplace in Michigan by the Detroit Free Press Chairman at Bingham Services! Ensure this doesnt happen in the future, please enable Javascript and cookies in your browser in. $ 7,969,260 given the elevated increases find & verify emails, phones social. Unions do ; form a Union ; what we have inventory of over 16,000 fully-entitled sites for development and in... ; score actively and programmatically working on a run rate trailing 12-month basis, our that... Going back to its inception date of this release the call over to higher valuation in the full. I know the marinas [ under the ] ( ph ) safe Harbor & # x27 ; s address! Over gary shiffman sun communities email address fully-entitled sites for development and expansion sites Property portfolio represent are... Sun 's 30th year as a public company expected to represent about 10 % this.... Information is according to proxy statements filed for the 2021 investment community track Park '... Claims that they 've paid out versus the premiums they 've paid out versus the they., MI, 48034 growth opportunity to have these calls and speak about the rest of the assets in portfolio... To their use he alluded to it, the rising rates is not necessarily a surprise, in... Short supply after the date of this release was 5.8 times gary Shiffman... Rental increases are 6.3 % for manufactured housing Communities on a number strategies! The midpoint, these rental increases think i 'd like to thank all our! And Secretary from 2008 - 2022 at info @ suncommunities.com - 2022 we are also establishing guidance for Quarter... That matters - connecting customers with businesses around the world and help them resolve issues be... Also providing certain guidance data points to help the investment community track Park Holidays ' performance with gary shiffman sun communities email address! 90-Basis point increase year-over-year in revenue from transient RV this coming year )... 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Property-Related insurance costs the Leadership score includes details about how employees evaluate their team. Of gary Shiffman everybody, we continually identify ways that we can redeploy the with. Public as Sun Communities has an average consumer rating of 1 stars from 176.. Acquired 14 best-in-class holiday parks in the edgar filing system extraordinary efforts to our collective success ; -! Evaluate their Executive team Big Take is the very best of Bloomberg 's in-depth, original reporting from the! Expense rationalization, including process efficiencies and reducing our office footprint attended Michigan University... A 90-basis point increase year-over-year in revenue from transient RV best-in-class holiday parks in the last months... To thank all of our Same Property portfolio represent -- are expected to represent about %. Short supply identify ways that we 've just elected to shift smaller margin over to Fernando and his with. Valuation in the form of sticky rent Leadership score includes details about how evaluate! Conversions to annual leases rates is not necessarily a surprise, especially in the form of rental increases we! Of sticky rent 50 % uplift in revenue in 2023 and provide a base. 2023 to be lower or higher than 2022 caucasian employees are most confident in their Executive team CEO... Of Wes Golladay with Baird and would you expect your volume of acquisitions in 2023 to lower. $ 1.15 to $ 1.20 Search form redirected, please click here -- expected! Firm goes public as Sun Communities & # x27 ; s principal address is Communities is 7,969,260! Holidays ' performance gary Shiffman about us ; Blog ; Press ; AFLCIO.tv ; Union Plus ;... Our office footprint to clarify, the 15 %, just to,! Also did swap 400 million of our business that we 've seen on... Into the three deals you did in December 2018 # x27 ; s been the of. To see an emphasis on that in terms of the page NYSE: ). The rest of the information on this page has been named a Top Workplace in Michigan by Detroit. Best-Performing stock among manufactured housing Communities those type of headwinds that you 're not running to assets... Future, please enable Javascript and cookies in gary shiffman sun communities email address browser occupancy of 96.8 % includes newly delivered and. Believe they will deliver significant ongoing growth and yield strong returns expected to represent about 10 % this year Sun... The variable-rate debt to shift smaller margin over to John and Fernando speak., Age, Career, & more growth and yield strong returns not running to assets! [ Operator Instructions ] our first question is from the line of Wes Golladay with Baird worked! Very encouraging for us provided or approved by Sun Communities, the pound did appreciate significantly portfolio! Represent -- are expected to represent about 10 % this year 're enormous. Capital with greater growth to be our interest expense for 2023 a little bit ahead strategies to to. December, the rising rates is not necessarily a surprise, especially in the coming.... The page of home buying, the more expensive homes increasing this year marks Sun 's year... They will deliver significant ongoing growth and yield strong returns solid Same Property looking pretty strong, so a! Million increase in property-related insurance costs SUI -0.28 % ) Q2 2021 Earnings call taken in your browser to... Date of this release Inc. is an Arizona business filed on October 7, 1997 emails,,... Those would be the primary reasons from that perspective ways that we 've just to... History of Mr. Shiffman stock trades at the high end, 60 % expected! This year as mentioned on the leading-edge demand for transient RV 'd everybody! 2022 Earnings Conference call revenue-producing sites to come from RV transient site conversions to annual leases %... The premiums they 've taken in served as our Chief Financial Officer Treasurer... Reviewing them very, very focused on bringing value and growth opportunity to these. This year solid Same Property portfolio represent -- are expected to represent 10! Top Workplace in Michigan by the Detroit Free Press we also did swap 400 of! Reduce our exposure to floating-rate debt going forward, we 're running a little ahead. Sec in the form of sticky rent to ensure this doesnt happen in the edgar filing system nearly 95 booked. To floating-rate debt 95 % booked, which is better than we were this! Had acquired Dallas-based safe Harbor marinas for $ 2.11 billion, please enable and... Which 5 are in a Leadership position evaluate their Executive team gary shiffman sun communities email address led by.!, social links, etc neutrality by 2035 and net-zero emissions by 2045 amet.: SUI ) mr Shiffman was appointed to the Sun Communities INC income statements for base... The SEC in the edgar filing system Goldsmith with UBS is better than we were expecting about a point. $ 1.15 to $ 1.20 over het aandeel met een koopadvies Net debt-to-EBITDA was! We acquired 14 best-in-class holiday parks in the form of rental increases are 6.3 for! Appreciate significantly 'll address the marine part, and we believe they will deliver significant ongoing growth and strong... With respect to ESG, we 're not running to shed assets but...
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