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SUN SUN COMMUNITIES , INC . Sun Communities , Inc. Reports 2021 Second Quarter Results July 26 , 2021 SUN SUN COMMUNITIES , INC . NEWS RELEASE July 26 , 2021 Sun Communities , Inc. Reports 2021 Second Quarter Results Southfield , MI , July 26 , 2021 ( GLOBE NEWSWIRE ) -- Sun Communities , Inc. ( NYSE : SUI ) ( the " Company " ) , a real estate investment trust ( " REIT " ) that owns and operates , or has an interest in , manufactured housing ( " MH " ) communities , recreational vehicle ( " RV " ) resorts and marinas , ( collectively , the " properties " ) , today reported its second quarter results for 2021 . Financial Results for the Quarter and Six Months Ended June 30 , 2021 For the quarter ended June 30 , 2021 , total revenues increased $ 300.6 million , or 99.1 percent , to approximately $ 603.9 million compared to $ 303.3 million for the same period in 2020. Net income attributable to common stockholders increased $ 51.9 million or 88.0 percent , to approximately $ 110.8 million , or $ 0.98 per diluted common share , compared to net income attributable to common stockholders of $ 58.9 million , or $ 0.61 per diluted common share , for the same period in 2020 . For the six months ended June 30 , 2021 , total revenues increased $ 432.3 million , or 70.5 percent , to $ 1.0 billion compared to approximately $ 613.6 million for the same period in 2020. Net income attributable to common stockholders increased $ 92.7 million or 216.5 percent , to approximately $ 135.6 million , or $ 1.22 per diluted common share , compared to net income attributable to common stockholders of $ 42.8 million , or $ 0.45 per diluted common share , for the same period in 2020 . Non - GAAP Financial Measures and Portfolio Performance • Core Funds from Operations ( " Core FFO " ) ( 1 ) for the quarter ended June 30 , 2021 , was $ 1.80 per diluted share and OP unit ( " Share " ) as compared to $ 1.12 in the corresponding period in 2020 , a 60.7 percent increase . • Same Community ( 2 ) Net Operating Income ( " NOI " ) ( 1 ) increased by 21.6 percent for the quarter ended June 30 , 2021 , as compared to the corresponding period in 2020 . • Home Sales Volume increased 89.5 percent to 1,158 homes for the quarter ended June 30 , 2021 , as compared to 611 homes in the same period in 2020 . • Acquisitions totaled $ 719.4 million during and subsequent to the quarter ended June 30 , 2021 , including 10 MH communities , two RV resorts and six marinas . Gary Shiffman , Chief Executive Officer stated , " Sun's ongoing strong momentum continued through the second quarter , as we saw robust performance across RV , Manufactured Housing and Marinas . Our RV business is demonstrating the growing appeal of an RV vacation for consumers , marinas are in the midst of an active boating season and our results continue to track ahead of our underwriting , and in our manufactured housing business , we are benefiting from sustained demand for affordable housing . Furthermore , our RV forward bookings have continued to accelerate and we are pleased to again increase our guidance for the year . " Mr. Shiffman continued , " We have remained active in terms of new site deliveries and have more than 9,400 sites available for development , representing an attractive source of growth and value creation over time . We also deployed over $ 719 million in acquisitions , including six marinas as we begin to realize the meaningful consolidation opportunity we have in the marina industry . To support this ongoing growth , we are pleased to have received investment grade ratings and completed our inaugural unsecured bond issuance as we issued $ 600 million in senior unsecured notes . This additional financing option provides Sun enhanced financial flexibility to efficiently match fund our investment activities as we continue to realize compelling growth opportunities across all of our businesses . " OPERATING HIGHLIGHTS Portfolio Occupancy Total MH and annual RV occupancy was 97.4 percent at June 30 , 2021 , compared to 97.3 percent at June 30 , 2020 , an increase of 10 basis points . During the quarter ended June 30 , 2021 , MH and annual RV revenue producing sites increased by 583 sites , as compared to an increase of 851 revenue producing sites during the quarter ended June 30 , 2020 . During the six months ended June 30 , 2021 , MH and annual RV revenue producing sites increased by 1,097 sites , as compared to an increase of 1,151 revenue producing sites during the six months ended June 30 , 2020 .