Real Estate News

Sun Communities Reports 2025 First Quarter Results; Announces Completion of Safe Harbor Sale

Net Loss per Diluted Share of $0.34 for the Quarter

Core FFO per Share of $1.26 for the Quarter

North America Same Property NOI for MH and RV Increased by 4.6% for the Quarter on a Year-over-Year Basis

North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% Represents a 150 Basis Point Year-over-Year Increase

Establishing Post-Safe Harbor Sale Guidance for 2025

Expecting Core FFO per Share of $6.43 to $6.63

Expecting North American Same Property NOI Growth of 3.5% - 5.2%

Expecting UK Same Property NOI Growth of 0.9% - 2.9%

Completed Initial Closing of Safe Harbor Marinas Sale in April for Net Pre-tax Cash Proceeds of $5.25 Billion

Announced a Special Cash Distribution of $4.00 per Share

Increasing Quarterly Distribution by 10.6% in 2025, to $1.04 per Share

Announced the Authorization of a Stock Repurchase Program of Up to $1.0Billion

Southfield, Michigan, May 05, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc.

Landsea Homes Schedules First Quarter 2025 Earnings Release and Conference Call

DALLAS, May 01, 2025 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company intends to release its results for the first quarter of 2025 after the market closes on Monday, May 12, 2025, and to host a conference call on Tuesday, May 13, 2025, at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.

Transformative $40 Million Soil Remediation Facility Launches in Philadelphia, Redefining Construction Waste Recovery

Alterra IOS, Eco Materials deliver state-of-the-art wash plant in South Philadelphia to process and repurpose over 750,000 tons of construction soil and waste annuallyFacility provides sustainable local alternative to landfill disposal by cleaning and reintroducing up to 85% of inbound material into the regional construction economyLocal officials, industry leaders attend Grand Opening in support of transformative facility that reduces landfill burden, lowers emissions, and advances circular construction practices

Alterra IOS + Eco Materials Opening Video

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