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Sun Communities Gives 2009 Guidance

Stock quotes in this article: SUI  

SOUTHFIELD, Mich. (AP) — Sun Communities Inc. said Friday it expects 2009 funds from operations to grow up to 5 percent because of demand for affordable manufactured homes.

The real estate investment trust said it expects 2009 funds from operations, or FFO, in a range of $2.84 to $2.92 per share. Analysts surveyed by Thomson Reuters expect FFO of $2.84 cents per share.

In 2008, the company reported FFO of $2.78 per share after heavy charges were excluded. ...

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