Sun Communities Inc. reported net income attributable to common shareholders of $8.5 million, or $0.07 per diluted share, for the third quarter of 2025, compared to $288.7 million, or $2.31 per diluted share, for the same period in 2024. Net loss from continuing operations for the quarter was $3.7 million, or $0.05 per diluted share, compared to net income from continuing operations of $278.4 million, or $2.09 per diluted share, for the third quarter of 2024. Core FFO per share for the quarter was $2.28. North America same property net operating income (NOI) for manufactured housing and recreational vehicle segments increased by 5.4 percent for the quarter on a year-over-year basis. North America same property adjusted blended occupancy for these segments reached 99.2 percent, a 130 basis point increase from the prior year. UK same property NOI increased by 5.4 percent for the quarter compared to the previous year. During the period, Sun Communities completed the sale of its remaining Safe Harbor Marinas delayed consent properties. Since the initial closing of the Safe Harbor sale, the company has returned over $1.0 billion to shareholders through cash distributions and share repurchases. Subsequent to the quarter end, Sun Communities acquired 14 communities for $457.0 million. The company raised its full-year 2025 core FFO per share guidance by $0.04 to a range of $6.59 to $6.67 and increased its North America same property NOI growth guidance to a range of 4.6 to 5.6 percent. UK same property NOI growth guidance was raised to a range of 3.7 to 4.4 percent. Preliminary 2026 full-year rental rate guidance was established at 5.0 percent for manufactured housing, 4.0 percent for annual RV, and 4.1 percent for UK operations.