Company Directory - Sun Communities, Inc.
CCI Score
CCI Score: Sun Communities, Inc.
-37.57
0.02%
Latest Event
Sun Communities Faces Securities Lawsuit for Misleading Disclosures
A class action lawsuit alleges that Sun Communities, Inc. misled investors by failing to disclose significant financial transactions, including CEO-related loans and a major mortgage, which resulted in material investor losses.
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TOADIE
Sun Communities, Inc. is currently rated as a Toadie.
Latest Events
FEB052025A class action lawsuit alleges that Sun Communities, Inc. misled investors by failing to disclose significant financial transactions, including CEO-related loans and a major mortgage, which resulted in material investor losses.
-40
Business Practices and Ethical Responsibility
February 5
The lawsuit alleges that Sun Communities, Inc. provided false and misleading financial information by omitting critical details about a substantial mortgage and multiple undisclosed loans linked to its CEO. Such deceptive practices undermine investor trust and corporate transparency, key components of ethical business behavior essential for a healthy democratic market.
- DEC242024
A pending class action lawsuit initiated by the law firm Levi & Korsinsky alleges that Sun Communities, Inc. misled investors by failing to disclose material financial information, raising concerns about corporate transparency and ethical business practices.
-40
Business Practices and Ethical Responsibility
April 8
The lawsuit accuses Sun Communities of making misleading statements and omitting key financial disclosures. This potential breach of transparency and ethical responsibility undermines investor trust and suggests lapses in corporate governance, a serious concern in the sphere of business practices and ethical responsibility.
- DEC112024
Sun Communities, Inc. announced significant changes to its Board of Directors on December 11, 2024, as part of a strategic move to enhance corporate governance and introduce diverse perspectives amid a challenging market environment.
+30
Business Practices and Ethical Responsibility
April 8
The board refreshment initiative demonstrates Sun Communities' commitment to strengthening corporate governance by infusing the board with fresh, diverse perspectives. This strategic decision can lead to more accountable and progressive business practices, aligning with ethical standards and reducing potential for authoritarian influence in decision-making.
Navigating Change Sun Communities, Inc. Announces Board Refreshment Amid Market Struggles
- MAY012023
Attorney General William Tong launched an inquiry into Sun Communities' management practices after residents at the Beechwood Community mobile home park reported escalating rent hikes, neglected maintenance, septic system failures, and unsafe living conditions. The investigation focuses on whether the company’s management meets its statutory obligations to provide safe and affordable housing.
-80
Business Practices and Ethical Responsibility
April 8
The inquiry by Attorney General Tong highlights severe shortcomings in Sun Communities' property management practices, including failure to adequately maintain infrastructure and address safety hazards like septic system issues. These practices harm vulnerable residents and undermine ethical responsibility, marking a significant negative impact on community welfare.
Attorney General Tong Launches Inquiry into Sun Communities Over Beechwood Community Concerns
- FEB202023
Following multiple tenant complaints about rent hikes, poor maintenance, and deteriorating living conditions at its Beechwood Community mobile home park in Killingworth, Attorney General William Tong launched an inquiry into Sun Communities’ property management practices.
-70
Business Practices and Ethical Responsibility
April 8
The inquiry was prompted by numerous complaints from tenants regarding steep rent hikes and neglectful maintenance, including unresolved septic issues and additional costs borne by residents. These practices reflect a disregard for ethical business operations and the well-being of vulnerable community members, underscoring serious concerns about Sun Communities' management and accountability.
Following complaints, AG Tong launches inquiry into mobile home management
- OCT062022
Connecticut Attorney General William Tong has accused Sun Communities of imposing an 8% rent increase and drastically cutting services at its Beechwood mobile home park, actions described as criminal and constituting elder abuse. The allegations raise concerns over the company's exploitative practices towards a vulnerable, senior population.
-70
Business Practices and Ethical Responsibility
April 8
Sun Communities is alleged to have imposed an 8% rent increase and reduced essential services in a community largely composed of elderly residents. The actions, criticized by Connecticut Attorney General William Tong as criminal and constituting elder abuse, reflect unethical business practices that exploit vulnerable populations.
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Corporate Financials
- Revenue
- 2025
- $1.00B
- Total Assets
- 2025
- $7.00B
- Operating Income
- 2025
- $600.00M
- Total Equity
- 2025
- $3.50B
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- Lessors of Residential Buildings and Dwellings
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