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Sun Communities Takes Charges In 4Q

Stock quotes in this article: ORGN , SUI  

SOUTHFIELD, Mich. (AP) — Sun Communities Inc. reported Friday a $600,000 loss in fourth quarter funds from operations due to heavy charges, but slightly beat analysts' expectations after certain items were excluded.

The developer of manufactured home communities also gave guidance for the year.

The real estate investment trust said the loss in fourth quarter funds from operations, or FFO, was 3 cents per share, compared with FFO of $4.5 million, or 22 cents per share, in the same period of 2007. ...

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