SUI's AFFO multiple plunged, despite an outstanding history of AFFO per share growth. The temporary headwind to AFFO per share is mostly floating rate debt. Since SUI retains a significant amount of cash flow, they have the option to pay down that debt if rates remain high.
Sun Communities: Out Of Favor, Still Exceptional
Sun Communities: Out Of Favor, Still…
Sun Communities: Out Of Favor, Still Exceptional
SUI's AFFO multiple plunged, despite an outstanding history of AFFO per share growth. The temporary headwind to AFFO per share is mostly floating rate debt. Since SUI retains a significant amount of cash flow, they have the option to pay down that debt if rates remain high.