Investor Presentaiton
CONVERSION OF RV TRANSIENT-TO-ANNUAL LEASES GENERATES SIGNIFICANT
UPLIFT IN REVENUE
■
Transient RV site conversions to annual leases have historically increased revenue per site by 40 - 60% for the first full
year after conversion and increases our annual RV sites
2,257 transient to annual RV conversions in 2022 and -2,000 through the end of October 2023
Recent example from Marco Naples RV Resort in Naples, FL:
Transient Site
$53
Avg. Daily Rate
$6,158
Annual Rent
31.7%
Occupancy
■ Site revenue limited mainly to peak season months during the winter for
this resort
$26
Avg. Daily Rate
SUN
Annual Site Conversion
MARCO NAPLES RV RESORT - NAPLES, FL
$9,324
Annual Rent
100%
Occupancy
MARCO NAPLES RV RESORT - NAPLES, FL
Site Revenue Annual Pick-Up Upon Conversion in
First Year
SUN COMMUNITIES, INC.
Source: Company information.
51%
Site Revenue Growth
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