Sun Communities, Inc. (NYSE:SUI) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET
Company Participants
Gary Shiffman - Chairman and CEO
Fernando Castro-Caratini - CFO
Conference Call Participants
Samir Khanal - Evercore ISI
Wes Golladay - Baird
Nick Joseph - Citi
Michael Goldsmith - UBS
John Kim - BMO Capital Market
Jamie Feldman - Wells Fargo
David Segall - Green Street
Josh Dennerlein - Bank of America
Omotayo Okusanya - Deutsche Bank
Anthony Hau - Truist Securities
Keegan Carl - Wolfe Research
Operator
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Sun Communities Third Quarter 2024 Earnings Conference Call.
At this time, management would like me to inform you that certain statements made during this call, which are not historical facts, may be deemed forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the company can provide no assurance that its expectations will be achieved.
Factors and risks that could cause actual results to differ materially from expectations are detailed in today's press release and from time to time in the company's periodic filings with the SEC. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Having said that, I would like to introduce management with us today, Gary Shiffman, Chairman and Chief Executive Officer; Fernando Castro-Caratini, Chief Financial Officer; Aaron Weiss, Executive Vice President of Corporate Strategy and Business Development; and John McLaren, President. [Operator Instructions] As a reminder, this call is being recorded.
I would now like to turn the call over to Gary Shiffman, Chairman and Chief Executive Officer. Mr. Shiffman, you may begin.
Gary Shiffman
Good afternoon, and thank you for joining us to discuss our third quarter results, the strategic updates we are announcing and our guidance for 2024. First, I want to emphasize my disappointment in the results we are reporting and our revised outlook for the remainder of the year. As I will discuss, we are acting swiftly to address our underperformance.
As communicated, we have been focused on executing our strategic initiatives to position Sun Communities to deliver sustained earnings growth over the long term. The business fundamentals of our portfolio remain strong. And we are confident that by continuing to execute on our strategic priorities, the company will be positioned for growth, thereby demonstrating the long-term value of our assets.