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Sun Communities Inc. Message Board

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  • garfroggy garfroggy Jan 9, 2008 9:03 AM Flag

    SUI at crazy valuation

    just looking at a few other beaten down reits
    came across EQR.
    FFO $2.33 and share price $33
    14 times ffo

    SUI FFO $2.79 and share price $18.55
    6.65 times ffo
    if sui gets only a 10 times ffo we are talking about $28.

    on an adjusted ffo price take 12 times is should be Close to $29

    seems absurd being that both house people with similar income levels .

77.59+0.26(+0.34%)2:42 PMEDT