Investor Presentaiton
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This presentation has been prepared for informational purposes only from information supplied by Sun Communities, Inc., referred to herein as "we," "our," "Sun," and "the Company," and
from third-party sources indicated herein. Such third-party information has not been independently verified. Sun makes no representation or warranty, expressed or implied, as to the
accuracy or completeness of such information.
This presentation contains various "forward-looking statements" within the meaning of the United States Securities Act of 1933, as amended, and the United States Securities Exchange Act
of 1934, as amended, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. For this purpose, any statements contained in this
presentation that relate to expectations, beliefs, projections, future plans and strategies, trends or prospective events or developments and similar expressions concerning matters that are
not historical facts are deemed to be forward-looking statements. Words such as "forecasts," "intends," "intend," "intended," "goal," "estimate," "estimates," "expects," "expect," "expected,"
"project," "projected," "projections," "plans," "predicts," "potential," "seeks," "anticipates," "anticipated," "should," "could," "may," "will," "designed to," "foreseeable future," "believe," "believes,"
"scheduled," "guidance," "target" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. These
forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks and uncertainties, both
general and specific to the matters discussed in this presentation, some of which are beyond the Company's control. These risks and uncertainties and other factors may cause the
Company's actual results to be materially different from any future results expressed or implied by such forward-looking statements. In addition to the risks described under "Risk Factors"
contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, and in the Company's other filings with the Securities and Exchange Commission, from
time to time, such risks, uncertainties and other factors include, but are not limited to:
Outbreaks of disease and related restrictions on business operations;
Changes in general economic conditions, including inflation, deflation and energy costs, the real estate industry and the markets within which the Company operates;
Difficulties in the Company's ability to evaluate, finance, complete and integrate acquisitions, developments and expansions successfully;
The Company's liquidity and refinancing demands;
The Company's ability to obtain or refinance maturing debt;
The Company's ability to maintain compliance with covenants contained in its debt facilities and its unsecured notes;
Availability of capital;
Changes in foreign currency exchange rates, including between the U.S. dollar and each of the Canadian dollar, Australian dollar and Pound sterling;
The Company's ability to maintain rental rates and occupancy levels;
The Company's ability to maintain effective internal control over financial reporting and disclosure controls and procedures;
Increases in interest rates and operating costs, including insurance premiums and real estate taxes;
Risks related to natural disasters such as hurricanes, earthquakes, floods, droughts and wildfires;
General volatility of the capital markets and the market price of shares of the Company's capital stock;
The Company's ability to maintain its status as a REIT;
Changes in real estate and zoning laws and regulations;
Legislative or regulatory changes, including changes to laws governing the taxation of REITS;
Litigation, judgments or settlements, including costs associated with prosecuting or defending claims and any adverse outcomes;
Competitive market forces;
The ability of purchasers of manufactured homes and boats to obtain financing; and
The level of repossessions by manufactured home and boat lenders.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation
to publicly update or revise any forward-looking statements included in this presentation, whether as a result of new information, future events, changes in the Company's expectations or
otherwise, except as required by law. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee
future results, levels of activity, performance or achievements. All written and oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are
qualified in their entirety by these cautionary statements.
CAUTIONARY STATEMENT REGARDING GUIDANCE
This presentation includes certain estimates and assumptions included in the Company's financial, earnings and operational guidance, as presented in its earnings press release and
supplemental operating and financial data dated October 25, 2023. These estimates and assumptions represent a range of possible outcomes and may differ materially from actual results.
These estimates include contributions from all acquisitions, dispositions and capital markets activity completed through October 25, 2023. These estimates exclude all other prospective
acquisitions, dispositions and capital markets activity. These estimates and assumptions are forward-looking based on the Company's assessment of economic and market conditions and
the Company's assumptions as of the date guidance was issued and are subject to the other risks outlined above under the caption Cautionary Statement Regarding Forward-Looking
Statements.
SUN
SUN COMMUNITIES, INC.
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