SUI · Sun Communities Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.31B | $3.22B | $3.22B | $2.97B | $2.27B | $1.40B |
| Cost of Revenue | - | - | - | $311.20M | $205.77M | $131.88M |
| Gross Profit | - | - | - | $2.66B | $2.07B | $1.27B |
| R&D | - | - | - | - | - | - |
| SG&A | $236.70M | $295.30M | $270.20M | $256.80M | $181.21M | $111.29M |
| Total Operating Expenses | $2.53B | $3.31B | $3.33B | $2.66B | $1.99B | $1.26B |
| D&A | $507.90M | $680.70M | $660.00M | $604.80M | $522.75M | $376.88M |
| Operating Income | ($122.90M) | - | - | - | $284.85M | $133.82M |
| Interest Expense | $221.00M | $350.40M | $325.80M | $229.80M | $158.63M | $129.07M |
| Income Tax | ($49.20M) | ($35.30M) | ($8.40M) | $6.10M | $1.33M | ($775.0K) |
| Net Income | $1.41B | $103.60M | $408.30M | $242.00M | $380.15M | $131.61M |
| EPS - Basic | $10.84 | $0.71 | ($1.71) | $2.00 | $3.36 | $1.34 |
| EPS - Diluted | $10.84 | $0.71 | ($1.72) | $2.00 | $3.36 | $1.34 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $569.60M | $47.40M | $29.20M | $72.80M | $65.80M | $83.00M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $12.52B | $16.55B | $16.94B | $17.08B | $13.49B | $11.21B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | $7.39B | $7.82B | $7.24B | $5.70M | $4.77M |
| Total Liabilities | $5.19B | $9.10B | $9.51B | $8.99B | $6.47B | $5.31B |
| Stockholders' Equity | $6.96B | $7.08B | $7.08B | $7.81B | $6.62B | $5.53B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $864.20M | $861.00M | $790.50M | $734.90M | $753.57M | $548.95M |
| Investing Cash Flow | $4.93B | ($267.40M) | ($919.50M) | ($3.06B) | ($2.34B) | ($2.49B) |
| Financing Cash Flow | ($5.22B) | ($571.60M) | $80.30M | $2.35B | $1.57B | $2.00B |
| CapEx | $457.00M | $30.20M | $7.10M | - | - | - |
| Free Cash Flow | $407.20M | $830.80M | $783.40M | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | 89.5% | 90.9% | 90.6% |
| Operating margin | -5.3% | - | - | - | 12.5% | 9.6% |
| EBITDA margin | 16.7% | - | - | - | 35.5% | 36.5% |
| Net margin | 61.3% | 3.2% | 12.7% | 8.1% | 16.7% | 9.4% |
| Free cash flow margin | 17.7% | 25.8% | 24.3% | - | - | - |
| FCF / Net income | 0.29 | 8.02 | 1.92 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 10.3% | 9.2% | 8.4% | 8.6% | 8.0% | 8.0% |
| Effective tax rate | -3.6% | -51.7% | -2.1% | 2.5% | 0.3% | -0.6% |
| Return on assets | 11.3% | 0.6% | 2.4% | 1.4% | 2.8% | 1.2% |
| Return on equity | 20.3% | 1.5% | 5.8% | 3.1% | 5.7% | 2.4% |
| Return on invested capital | - | - | - | - | 4.3% | 2.4% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | 1.04 | 1.10 | 0.93 | 0.00 | 0.00 |
| Debt / Assets | - | 0.45 | 0.46 | 0.42 | 0.00 | 0.00 |
| Debt / EBITDA | - | - | - | - | 0.01 | 0.01 |
| Interest coverage | -0.6x | - | - | - | 1.8x | 1.0x |
| Equity multiplier | 1.80 | 2.34 | 2.39 | 2.19 | 2.04 | 2.03 |
| Liabilities / Assets | 0.41 | 0.55 | 0.56 | 0.53 | 0.48 | 0.47 |
| Efficiency | ||||||
| Asset turnover | 0.18 | 0.19 | 0.19 | 0.17 | 0.17 | 0.12 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 11.4x | 173.2x | - | 71.5x | 62.5x | 113.4x |
| P / B | 2.2x | 2.2x | 2.3x | 2.3x | 3.6x | 2.7x |
| P / S | 6.7x | 4.9x | 5.1x | 5.9x | 10.6x | 10.6x |
| EV / EBITDA | 38.7x | - | - | - | 29.9x | 28.9x |
| Growth | ||||||
| Revenue growth (YoY) | -28.4% | -0.1% | 8.6% | 30.7% | 62.5% | 10.6% |
| Revenue CAGR (3y) | -8.1% | 12.3% | 32.1% | 32.9% | 26.3% | 12.5% |
| Revenue CAGR (5y) | 10.5% | 20.6% | 23.4% | 24.8% | 22.2% | 15.7% |
| Gross profit growth (YoY) | - | - | - | 28.6% | 63.2% | 12.1% |
| Operating income growth (YoY) | - | - | - | - | 112.9% | -3.8% |
| Net income growth (YoY) | 1264.8% | -74.6% | 68.7% | -36.3% | 188.8% | -18.5% |
| EPS growth (YoY) | 1426.8% | - | - | -40.5% | 150.7% | -25.6% |
| EPS CAGR (3y) | 75.7% | -40.4% | - | 3.6% | 37.6% | 16.4% |
| EPS CAGR (5y) | 51.9% | -17.0% | - | 18.7% | 66.8% | -11.9% |
| FCF growth (YoY) | -51.0% | 6.1% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -1.8% | -0.0% | -9.3% | 17.9% | 19.9% | 44.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.23B totalMH$1.14B · 50.9%
RV$668.60M · 29.9%
UKSegment$427.20M · 19.1%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing SUN COMMUNITIES INC against the 5 most active filers in the same SIC group.
Dividends
$4.24/share trailing 12 months · -45.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $1.1200 |
| Dec 31, 2025 | $1.0400 |
| Sep 30, 2025 | $1.0400 |
| Jun 30, 2025 | $1.0400 |
| May 14, 2025 | $4.0000 |
| Mar 31, 2025 | $0.9400 |
| Dec 31, 2024 | $0.9400 |
| Sep 30, 2024 | $0.9400 |
| Jun 28, 2024 | $0.9400 |
| Mar 27, 2024 | $0.9400 |
| Dec 28, 2023 | $0.9300 |
| Sep 28, 2023 | $0.9300 |
| Jun 29, 2023 | $0.9300 |
| Mar 30, 2023 | $0.9300 |
| Dec 29, 2022 | $0.8800 |
| Sep 29, 2022 | $0.8800 |
| Jun 29, 2022 | $0.8800 |
| Mar 30, 2022 | $0.8800 |
| Dec 30, 2021 | $0.8300 |
| Sep 29, 2021 | $0.8300 |
| Jun 29, 2021 | $0.8300 |
| Mar 30, 2021 | $0.8300 |
| Dec 30, 2020 | $0.7900 |
| Sep 29, 2020 | $0.7900 |