Real Estate News

Sun Communities Reports Results for the Third Quarter and First Nine Months of 2024

Net Income per Diluted Share of $2.31 for the Quarter

Core FFO per Share of $2.34 for the Quarter

North America Same Property NOI increased by 0.5% for the Quarter and 3.6% for the First Nine Months of 2024 versus corresponding 2023 Periods

North America Same Property Adjusted Blended Occupancy for MH and RV of 98.8% represents a 160 basis point year-over-year increase

Revising Full-Year Core FFO per Share Guidance for 2024 to $6.76 - $6.84

Revising Full-Year North America Same Property NOI Growth Guidance for 2024 to 2.6% - 3.3% and Revising Full-Year UK Same Property NOI Growth Guidance Range to 7.1% - 8.7%

Establishing Preliminary Guidance for 2025 Rental Rate Increases of 5.2% for MH, 5.1% for Annual RV, and 3.7% for Marina in North America, and 3.7% for UK

Southfield, MI, Nov.

FG Communities Acquires Portfolio of Six Manufactured Housing Communities

Acquisition of six communities in and around Greater Charlotte Region marks largest acquisition to date, growing portfolio by more than 30%

Mooresville, NC, Nov. 06, 2024 (GLOBE NEWSWIRE) -- FG Communities, whose mission is to preserve and improve affordable housing by acquiring and operating manufactured housing communities, is excited to announce its largest acquisition to date – a portfolio of six manufactured housing communities with approximately 280 homesites on 70 acres.

LXP Industrial Trust Reports Third Quarter 2024 Results

Board Authorizes 3.8% Dividend Increase

WEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended September30, 2024.

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