Sun Communities closes UK exit and narrows focus to North American MH and RV parks
Sun Communities closed the sale of its UK business, including Park Holidays, on September 22, 2026, receiving USD 1.03 billion in net proceeds.
Key facts
- Sun Communities completed its UK sale, including Park Holidays, on September 22, 2026, with net proceeds of USD 1.03 billion.
- Management said it planned to put the proceeds toward share buybacks, debt repayment and general corporate purposes.
- At June 30, 2026, Sun counted 455 developed properties with 156,130 developed sites across the US and Canada.
- Through September 21, 2026, Sun had bought back 3.5 million shares at a cost of USD 425.0 million.
- Sun took a USD 1.10 billion valuation allowance charge tied to the UK business in the second quarter of 2026.
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Read the original at AD HOC News (opens in a new tab)
Source: Sun Communities completes UK sale: analysts target Sun Communities stock at USD 139.30 — AD HOC News, October 5, 2026. Summary and commentary by RISE Community; read the full story at the source.
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