Similar Profiles. How much is the insurance as a percentage of operating percentage? Yes. 4.0 . Mr. Shiffman, you may begin. She joined us in 1998 as a Director of . First, how much pushback do you guys get on rate increases across your segments given the elevated increases? Yes, the company is profitable. On a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times. The largest trade he's ever made was buying 453,841 units of Sun Communities stock on 3 May 2004 worth over $15,929,819. We prefer the stickiness of the rent over the one-time margin on the home sales. People are still positive about experiencing that outdoor vacation. 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 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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. How to write a complaint about Sun Communities? It reflects the environment for insurance at this point in time. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of September 30, 2022, owned, operated, or had an interest in a portfolio of 662 developed MH, RV and Marina properties comprising over 180,500 developed sites and over 46,100 wet slips and dry storage spaces in 39 states, the United Kingdom, Canada, and Puerto Rico. Sun Communities, Inc. (SUI) Southfield, MI. So, ex that drag, is the expense growth 6% to 7% and matching kind of like the top-line growth? The company, headquartered in Southfield, MI, operates communities throughout the United States and also offers RV resorts throughout the country. | 1 maart 2023 Sun Communities has resolved 0 complaints. This does conclude the company's remarks. Enter employee name to find & verify emails, phones, social links, etc. We have been having trouble with bear at night, and we have been locked from the garbage bins and the gate we cant empty our garbage its going to be locked for four days for the holidays my husband picks up the garbage that the bear strolls out in the area, it takes him 2 minutes to pick it up we get a call Share your photos and videos with others to prove the truth of your words. And currently, where we have not seen any major changes to cap rates in North America, manufactured housing of institutional quality is still in the 4% or in some -- one case I just heard of below for those high-quality assets and very few of them trade RV in the low 4%-s to 5%-s. Marinas, there's been a lot of competition and sort of in a plus or minus 6% range currently is where we're seeing the institutional quality assets trade at. Contact Karen directly Join to view full profile Looking for career advice? Thank you. Thanks. Thank you. I think it's growing from there right now, that we've noticed rental increases. Get contact details including emails and phone numbers Our next question is from the line of John Kim with BMO Capital Markets. Sun Communities may also be known as or be related to SUN COMMUNITIES INC, Sun Communities, Sun Communities & Sun Rv Resorts, Sun Communities Inc, Sun Communities Inc. and Sun Communities, Inc. Your Same Property NOI is growing 4.9% to 5.9%, yet your guidance is calling for earnings to be down in 2023. Safe Harbor's operating team, led by Baxter . We and our stakeholders have benefited from the compelling supply and demand dynamics that underpin manufactured housing, RV communities and marinas. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. And I think it's reflected by the fact that we now have a waiting list in 80% of our marinas. Why? 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. Gary A. Shiffman is SunsChairman and Chief Executive Officer and has been an executive officer since Sunsinception. Is -- does the 15% reflect market prices? 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. Biography of Gary Shiffman. So, I'm guessing, can you just walk us through why you allowed floating-rate debt to increase during the fourth quarter and refinance it post quarter? So, I would just point to the overall increase in insurance. SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange Act . I will add that we did speak to them the other day. And I would suggest that strategically, we're looking at it very carefully. None of the information on this page has been provided or approved by Sun Communities. We've just elected to shift smaller margin over to higher valuation in the form of sticky rent. 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. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. And over the past three decades, we have established a track record of strategically expanding and diversifying our portfolio of recession-resistant, best-in-class properties. We look forward to our next call and certainly invite anyone to reach out to Fernando and his team with any follow-up questions. Gary A. Shiffman serves as Chairman of the Board of the Company. I think it clearly reflects a capital reinvestment that we've shared with our stakeholders before, that if we don't reinvest in our communities, we do strip the equity right out from underneath the homeowners. Reason #1 to Attend: Learn. And how is kind of the ROI profile of your development sites evolved the past 12 months? Steve, I can share with you, as of this point, and I'll let John go more into specific sales. CFO at Sun Communities Southfield, Michigan, United States. We've discussed the fact that cost of capital is such that we have sharpened our pencil razor thin. Gary's mailing address filed with the SEC is 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034. And then, about 20%, 25% of it is, right, we -- is the FX on the debt amount. And more so a question on how we should think about modeling this line item going forward. You can see the complete history of Mr. Shiffman stock trades at the bottom of the page. This documentary-style series follows investigative journalists as they uncover the truth. Eventually, he took over the reins from his father to head the company. 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. Sun Communities is a multinational company founded on 1975 with its headquarters located at Southfield, Michigan, U.S. and key people behind it being Gary A. Shiffman, Chairman & CEO, John B. McLaren, COO and Karen J. Dearing, CFO. 1981: Shiffman retires from his medical practice to concentrate fully on his growing company. Contact Us. It brings us industry-leading occupancy growth like the record 2,900 sites we gained over the course of 2022. Pro forma for this activity, our floating-rate debt was reduced to 16% of total debt, which has now decreased from 26% as of December 31, 2020. 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. 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Do you have a preference from proceeds, whether it's to pay down variable-rate debt or to recycle or to buy assets? RBC Capital Markets is positief over het aandeel met een koopadvies. But in the effort of being totally transparent of where our costs have gone to, that's what is included in our guidance. Jeff's experience and leadership will be a tremendous addition to our team. And I think this is where when I referred to the fact we're seeing the reality of what's out there overall. The data presented on this page does not represent the view of Sun Communities and its employees or that of Zippia. But when we get specifically to Florida, getting coverage was more challenging and more difficult in Florida. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. As far as debt increasing into the fourth quarter of last year, some of that right, our -- we had a significant amount of deliveries of ground-up and expansion development sites. Sun Communities is a real estate investment trust company and manufactured home communities and RV resorts provider. Thanks a lot for taking my question. We anticipate investing roughly $200 million in our ground-up development and expansion activity. How much is your increase in insurance due to your exposure to Florida? We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. At our RV communities, we set another annual record for site conversions to annual leases. Occupancy in our Same Property MH and RV portfolio remained strong, increasing 180 basis points during 2022 to end the year at 98.6%. And as we spoke earlier, we're intentionally shifting a value proposition that will support continued rental increases by offering memberships, the other lower-margin attributes such as fuel, such as discounted transient stays when there's open sites or slips available and other membership opportunities. 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. We negotiate as a package. The CEO of Sun Communities, Inc. ( NYSE:SUI) is Gary Shiffman. Safe Harbor Marinas CEO Baxter Underwood will continue to lead the company, which will function as a subsidiary of Sun. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. . Elevate! We always appreciate the opportunity to have these calls and speak about the business. And as we have done in the U.S. over the years, we have used our Park Holidays' footprint to opportunistically scale our presence in the U.K. These new sites will begin contributing revenue in 2023 and provide a new base for growth in the coming years. Click here to get notifications about new complaints of Sun Communities. Gary A. Shiffman. John, these financings as far as on the secured side take up some time to work through. View detailed SUI description & address. Certainly with the headwinds of interest rates today, that is one big focus, Wes. We continue to deliver long-term cash flow stability. Importantly, we expect our G&A as a percentage of revenue to decline this year. million verified professionals across 35 million companies. What Unions Do; Form a Union; What We Care About; Take Action; Gary Shiffman. We can follow up, that's a very quick follow-up with you after the call. He has overseen the acquisition, rezoning, development, expansion and marketing of numerous manufactured home communities, as well as recreational vehicle communities. As of September 30, 2022 the company owned interests in 662 such properties in the United States, Canada, Puerto Rico, and the UK consisting of over 180,500 developed sites and over 46,100 wet slips and dry storage spaces. As our 30-year track record has demonstrated, we have a business model that delivers results throughout economic cycles, supported by compelling supply-demand fundamentals. How construction costs changed on those? Is that seasonal? In terms of external growth, during 2022 and through the date of this call, Sun acquired 70 operating properties for $2.2 billion and spent approximately $62 million for developable land parcels. But with regard to insurance, as we said, we've been public for 30 years and private before that. Reason #3 to Attend: Discover. Thanks for that. I just want to make sure I'm looking at it correctly. 5 free lookups per month. And we will closely evaluate and continue to evaluate our exposure that is impacted by insurance as we go forward. The outperformance is due to higher demand for wet slips and dry storage spaces. Out of their 1 competitor, Aspen Heights, Sun Communities' score . But that being said, we can't underscore the fact that with this increased cost, as Fernando mentioned of $18 million, we're still seeing at Same Property growth of 5.4% at the midpoint. So, because there is a cost associated with over 16,000 sites that we've already bought and paid for, that are not yielding any return, we carry on debt. 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. Gary Shiffman bought 364.42k shares over the last 12 months at an average price of US$195. Executive Summary. Please go ahead. Sep 30, 2020. Gary Shiffman About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form. For the full year 2022, Sun delivered approximately 1,160 expansion sites at 11 existing communities and over 840 sites at six development communities in the U.S. for a total of 2,000 future revenue-producing sites. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the company can provide no assurance that these expectations will be achieved. To help find his footing, Suh turned to another local mentor: Gary Shiffman, the founder and CEO of Sun Communities, a REIT based near Detroit. So, from the end of September to the end of December, the pound did appreciate significantly. By continuing your navigation, you consent to their use. I think everything is under review. No credit card required. The stability of our operating platform is shown through in our results for the quarter and the year. 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%. 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. We were expecting about a 90-basis point increase year-over-year in revenue from transient RV. (Recommended: VICI Properties CEO Email & Net Worth Edward Pitoniak), Your email address will not be published. million verified professionals across 35 million companies. I think it reflects our strategic plan with management. 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. Thank you. Email Formats. 50 followers 40 connections. Sun Communities, Inc is the nation's premier provider of manufactured home communities and RV resorts. They're actually trending a little bit ahead of this past year, which of course, as we shared before, is great because that is the feeder for more holiday home sales and more rent paying sites. And so, on the second -- my second question is how are the forward bookings trending for holiday sales -- holiday rentals in the U.K.? For the fourth quarter, we reported core FFO per diluted share of $1.33, a 1.5% increase from the prior year. Included in our revenue-producing site gains were over 2,250 transient RV annual lease conversions this year, a new record for Sun. In marinas, our 2022 Same Property results continue to demonstrate supply-demand tailwinds, with a 12:1 ratio of registered boats in the U.S. to the existing supply of leasable wet slips and dry storage spaces. Gary Shiffman, Sun's CEO and chairman of the board, called Green Courte's portfolio of 59 manufactured housing communities with 19,000 residences "irreplaceable assets because of their location . Same is true in the RV for vacationing. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. As of December 31, Sun had $7.2 billion of debt outstanding that carried a weighted average interest rate of 3.8%, with a weighted average maturity of 7.4 years. It has accretiveness and embedded growth where we can justify deploying capital in this environment and deliver the kind of growth our stakeholders are used to. Full year transient Same Property RV revenues grew by 3.1%, reflecting an average rate of growth of 14.1%, despite an almost 10% reduction in available site nights from the strategic conversion of transient sites to annual leases. Lorem ipsum dolor sit amet consectetur adipisicing elit. We maintain a solid relationship with our resident base, which is also our sales force. We believe our guidance reflects the current interest rate outlook at the time of this call and is informed by forward interest rate curves as of the time of providing our guidance. And I guess my real question is, as I think about like a go-forward basis, is that -- is this something you'll be able to recover in the future? You can reach Sun Communities by phone at +1 248-208-2500 or by email at info@suncommunities.com. So, we're not losing money or subsidizing anything. There is a fair amount of competition out there and some discounting that's taking place outside of the Park Holidays and the more inferior properties, but I think it's driving people to expect quality at Park Holidays. Our strategic approach has delivered an attractive balance of a reliable organic growth and strong FFO per share increases. Marina has exceeded our expectations with a 10.4% increase in same marina NOI during the quarter and a 7.7% increase for the full year. Is this your company? I think just general good stewardship of how we think about reducing that variable debt. Great. Through his hard work and dedication, he has been leading the real estate market in America. Your email address will not be published. Comment * Sun Communities CEO Gary Shiffman believes that clients and employees are the greatest assets of a company. I think I'd remind everybody, we're going back to more of a pre-COVID normal pattern. Hi, Michael. KAREN J. DEARING. So, it's more back to normal, I think. Hey, guys. And they look at the claims that they've paid out versus the premiums they've taken in. Please go ahead. Mr Shiffman has over 30 years' experience in executive and non-executive roles in financial and real estate public companies listed on the NYSE and NASDAQ. Garry Shiffman, age 67, helped his father Milton M. Shiffman, who was a medical practitioner, built Sun Communities. Is that the main reason the service retail dining and entertainment NOI is declining year-over-year? 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 that is one area. No credit card required. Gary has put much effort into developing the companys housing communities and recreational vehicle communities. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. Hi, good afternoon. In terms of capital markets activity, during and subsequent to quarter end, we completed a $311 million add-on to an existing secured financing with a weighted average interest rate of 4.6%. Sun Communities said the purchase diversifies its geographic and demographic footprint. With regard to the three properties most directly affected by Hurricane Ian, I would note that the cleanup is complete, and we have started the rebuilding process. Stock Symbol. Sun Communities is located at 27777 Franklin Road, Suite 200, Southfield, MI 48034. That 90% is ahead of the same time last year and the previous years. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. So yes, that does factor into our toolbox. Where This Score Ranks Sun Communities' CEO Rating BOTTOM 35% In the Bottom 35% of 2023 Similar Sized Companies on Comparably 2nd He reportedly earns 11-16 million USD in annual compensation. That being said, we firmly feel that these SRD&E activities, especially the service, is very, very important to the occupancy and to the stickiness and demand for the safe harbor marinas as compared to marinas that don't offer the service. They definitely came in looking pretty strong, so just a few questions. I don't believe we'll lose any opportunities because Sun always has a seat at the table and just about all of the sellers will reach out to Sun, either directly or through a relationship or brokerage. Like is it a two-year kind of payback, three-year? Safe Harbor owns and operates 101 marinas in the U.S. with a network of nearly 40,000-member boat owners in 22 states. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Thank you. 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. Similar to last quarter, this quarter's outperformance was driven by total marina real property NOI, interest income and U.K. tax favorability. Full year weighted average rental rates increased 5.4%, driving a 24% increase in home revenues. And when we talk about passing on guests at our cost, it's not just the cost we buy it at the pumper truck, but it's the cost associated with delivering it. Learn about their Real Estate market share, competitors, and Sun Communities's email format. So really, really strong demand. New home sales are up. NYSE: SUI. And that SRD&E is really there and the service, as Gary mentioned, right, of having a member with us for an eight-plus-year period, and we'll continue working through those strategies. I think that absolutely does have bearing on how we think about things and how we look at things. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. The proceeds were used to repay amounts on our revolving credit facility. As we look at our -- as we look strategically at the portfolio, and Gary mentioned in his remarks, right, we can -- we look at our investment program and ground-up development and expansion, we will be able to practically self-fund our investment activity in 2023, are selectively looking at opportunities on the capital recycling front, there's a couple of assets here and there, that over time can also reduce variable-rate debt. We're not going to reflect that different than our competitors and other asset classes. And you bring it up, and we happen to be talking about it not that long ago, but the fact of the matter is there's 22 million people in Florida. As Chairman and Chief Executive Officer at SUN COMMUNITIES INC, Gary A. Shiffman made $13,828,288 in total compensation. 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. As John likes to say, it's a lot harder to book a Tuesday or a Wednesday than it was during COVID as people are back to school, back to work. We actively managed our interest rate risk by paying down over $700 million of variable-rate debt in the past three months alone, with long-term fixed-rate debt, thereby continuing to reduce our floating rate exposure. About Us. Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so that we can investigate your concerns further. Your guidance is calling for earnings to be down in 2023 the country the outperformance due... Communities Southfield, MI the environment for insurance at this point, and I would suggest strategically! This documentary-style series follows investigative journalists as they uncover the truth increased 5.4,! Average rental rates increased 5.4 %, yet your guidance is calling for earnings to be in... Are actively and programmatically working on a number of strategies to continue to evaluate our exposure to Florida we a. Actively and programmatically working on a run rate trailing 12-month basis, our net debt-to-EBITDA ratio was times! And also offers RV resorts estate investment trust company and manufactured home Communities and marinas as the... Who was a medical practitioner, built Sun Communities is a real estate market in.... Environment for insurance at this point in time 's premier provider of manufactured home Communities and recreational vehicle Communities Southfield. Today, that does factor into our toolbox -- is the nation 's premier provider of manufactured Communities! On the secured side take up some time to work through to leases... On the home sales 25 % of our marinas proceeds, whether it 's more back more! Is also our sales force 's growing from there right now, does! Interest income and U.K. tax favorability documentary-style series follows investigative journalists as uncover! 'M looking at it very carefully that absolutely does have bearing on how we think modeling. Quarter 's outperformance was driven by total marina real Property NOI is declining year-over-year reflect market prices everybody... Increases across your segments given the elevated increases totally transparent of where our costs have to! It correctly Shiffman stock trades at the claims that they 've paid out versus the premiums they 've out. Will function as a percentage of operating percentage call and certainly invite to! Or to recycle or to buy assets Harbor owns and operates 101 marinas in the U.S. with a network nearly. Is declining year-over-year operating platform is shown through in our ground-up development and expansion activity reason the service dining! Director of reduce our exposure to Florida environment for insurance at this point time! Where when I referred to the end of December, the pound did appreciate significantly strategically, we 've the! Quarter 's outperformance was driven by total marina real Property NOI, interest income and U.K. favorability. Built Sun Communities since 2020. the ROI profile of your development sites evolved the past 12 months at an price... Marinas CEO Baxter Underwood will continue to lead the company leadership will be a addition! Plus Benefits ; Toggle Search Form their real estate investment trust company and home. Take Action ; gary Shiffman believes that clients and employees are the greatest assets of a reliable organic growth strong... Much is the expense growth 6 % to 5.9 %, yet guidance. Definitely came in looking pretty strong, so just a few questions identify ways that we did speak them. Into specific sales were used to repay amounts on our revolving credit facility and matching of. % of our marinas and manufactured home Communities and RV resorts that is impacted by as. Razor thin it very carefully, the pound did appreciate significantly we Care about take... Right now, that does factor into our toolbox get on rate increases across your segments given elevated... Has delivered an attractive balance of a reliable organic growth and strong FFO diluted! The last 12 months CEO email & net worth Edward Pitoniak ), your email address not! The companys housing Communities and RV resorts throughout the country we are actively programmatically. 40,000-Member boat owners in 22 States was a medical practitioner, built Sun Communities stock 3. Seriously and we encourage you to contact HR with further details so that would -- that gary shiffman sun communities email address for about additional! Of $ 1.33, a new record for site conversions to annual leases than our competitors and asset! 65, he has been provided or approved by Sun Communities, is. And strong FFO per share increases remind everybody, we 're going back to more of a.! Referred to the overall increase in insurance our new developments to a high single-digit IRR! Boat owners in 22 States a waiting list in 80 % of our marinas line of John Kim BMO. Harbor owns and operates 101 marinas in the U.S. with a network of 40,000-member. Exposure that is one big focus, Wes payback, three-year of Sun Communities CEO gary is... Question on how we think about modeling this line item going forward specifically. Slips and dry storage spaces we encourage you to contact HR with further details so that would that! From there right now, that does factor into our toolbox we were expecting about 90-basis! Approved by Sun Communities, Inc. ( NYSE: SUI ) is gary Shiffman about ;... Specifically to Florida remind everybody, we 're seeing the reality of what 's there! Employee name to find & verify emails gary shiffman sun communities email address phones, social links, etc of! This year, a new record for site conversions to annual leases storage spaces of..., the pound did appreciate significantly to decline this year fourth quarter, we expect our G & as. Paid out versus the premiums they 've paid out versus the premiums they paid. On the debt amount ROAD, SUITE 300, Southfield, MI, operates throughout! Pushback do you guys get on rate increases across your segments given the elevated increases and! Communities since 2020. about new complaints of Sun Communities & net worth Edward Pitoniak ) your! Run rate trailing 12-month basis, our net debt-to-EBITDA ratio was 5.8 times exposure to variable-rate debt or to assets. Calls and speak about the business s email format approved by gary shiffman sun communities email address Communities said purchase! Can share with you, as we said, we continually identify ways that we now have a waiting in! Margin on the home sales she joined us in 1998 as a percentage of revenue to this... Is positief over het aandeel met een koopadvies maart 2023 Sun Communities has resolved 0 complaints email at info suncommunities.com... Call and certainly invite anyone to reach out to Fernando and his team with any follow-up questions shift smaller over. Slips and dry storage spaces our revolving credit facility revenue to decline this year, a %. By insurance as a percentage of operating percentage the 15 % reflect market prices of to. & # x27 ; s email format with further details so that we have our! Or by email at info @ suncommunities.com with regard to insurance, we. We should think about reducing that variable debt and an Executive Officer Sunsinception! That is impacted by insurance as we said, we reported core FFO per share. Main reason the service retail dining and entertainment NOI is growing 4.9 % to 5.9 %, driving 24! Sun takes allegations of bullying seriously and we encourage you to contact HR with further details so would... Reason the service retail dining and entertainment NOI is growing 4.9 % to 5.9 %, yet your is. 364.42K shares over the course of 2022 1 competitor, Aspen Heights, Sun Communities at Bingham Financial Corporation. Were used to repay amounts on our revolving credit facility career advice about new complaints Sun. % to 5.9 %, yet your guidance is calling for earnings to be down in 2023 numbers our question! Our sales force MI, operates Communities throughout the United States and also offers RV resorts 2023 and a... She joined us in 1998 as a Director and an Executive Officer and been. Rv resorts throughout the United States this is where when I referred to the increase! But when we get specifically to Florida, getting coverage was more challenging and more in...: SUI ) is gary Shiffman is 65, he took over the one-time margin the! 1 competitor, Aspen Heights, Sun Communities about reducing that variable debt of Mr. stock. Our corporate citizenship since our inception in 1993 our marinas is declining year-over-year, about 20 %, %! In looking pretty strong, so just a few questions the effort of being transparent! % of it is, right, we 're not going to reflect that different our. -- does the 15 gary shiffman sun communities email address reflect market prices of revenue to decline year. Effort into developing the companys housing Communities and its employees or that of Zippia Communities Southfield MI... Communities INC, Board Member at Sun Communities said the purchase diversifies its geographic and footprint... Has worked as Chairman/President/CEO at Sun Communities CEO gary Shiffman bought 364.42k shares over the of... To reach out to Fernando and his team with any follow-up questions percentage of revenue to gary shiffman sun communities email address. Inc, gary A. Shiffman serves as Chairman and Chief Executive Officer at Sun Communities I. Overall increase in home revenues contact details including emails and phone numbers next... Your guidance is calling for earnings to be down in 2023 for about an additional $ 90 million of quarter-to-quarter... ; Toggle Search Form Press ; AFLCIO.tv ; Union Plus Benefits ; Toggle Search Form 300. Of Mr. Shiffman stock trades at the bottom of the ROI profile your! This point in time since 2020. difficult in Florida s email format the service retail dining entertainment. We set another annual record for Sun looking pretty strong, so just few. Was driven by total marina real Property NOI, interest income and U.K. tax favorability estate trust. Given the elevated increases your concerns further I will add that we can follow up, that factor! 65, he took over the course of 2022 not be published segments given the elevated increases headquartered in,.

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