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flag Sun Communities' stock drops 8% amid restructuring and financial impropriety allegations.

flag Sun Communities, a REIT specializing in manufactured home, RV, and marina properties, has seen its stock drop 8% over the past year while facing restructuring and potential financial impropriety allegations by Blue Orca Capital. flag Despite its core funds from operations growing at a 9% annual rate from 2018 to 2023, it projects a 4-5% decline in 2024. flag With a 3.1% dividend yield and trading at 17 times last year's FFO, it's advised investors consider other REITs with better yields and performance.

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