BUZZ-Sun Communities up on Blackstone deal to buy co's safe harbor marinas unit

Reuters
02-24
BUZZ-Sun Communities up on Blackstone deal to buy co's safe harbor marinas unit

** Sun Communities SUI.N shares rise 3.2% to $130.15 in early trading

** Co to sell its Safe Harbor Marinas unit to affiliates of Blackstone Infrastructure for $5.65 billion in cash

** The base purchase price represents an approximate 21x multiple on the estimated 2024 FFO of the Safe Harbor business

** Sun Communities intends to use proceeds to support a combination of debt reduction, distributions to shareholders and reinvestment in its core businesses

** The transaction is expected to close in Q2, 2025

** Shares of Sun, which has a market cap of $16.1 billion, fell about 8% in 2024** YTD, SUI up 6%

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10