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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $507.90M | - | $697.20M | $623.50M | $470.20M | - | $939.90M | $864.00M | $671.30M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $69.50M | - | $55.80M | $61.20M | $57.00M | - | $74.80M | $65.30M | $78.50M | - |
| Total Operating Expenses | $484.40M | - | $699.10M | $812.60M | $512.70M | - | $819.50M | $804.80M | $720.80M | - |
| D&A | $132.50M | - | $126.20M | $127.40M | $123.70M | - | $172.40M | $172.80M | $165.30M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $38.40M | - | $41.50M | $58.20M | $82.10M | - | $87.70M | $89.80M | $89.70M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($6.40M) | - | $12.10M | $1.31B | ($41.20M) | - | $300.50M | $56.70M | ($25.20M) | - |
| EPS - Basic | ($0.07) | - | $0.07 | $10.02 | ($0.34) | - | $2.31 | $0.42 | ($0.22) | - |
| EPS - Diluted | ($0.07) | - | $0.07 | $10.02 | ($0.34) | - | $2.31 | $0.42 | ($0.22) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $497.00M | $569.60M | $542.70M | $889.70M | $97.40M | $47.40M | $81.80M | $104.20M | $132.50M | $29.20M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $12.36B | $12.52B | $12.80B | $13.36B | $16.51B | $16.55B | $17.09B | $17.01B | $17.11B | $16.94B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | $7.39B | - | - | - | $7.82B |
| Total Liabilities | $5.30B | $5.19B | $5.44B | $5.57B | $9.24B | $9.10B | $9.25B | $9.78B | $9.83B | $9.51B |
| Stockholders' Equity | $6.75B | $6.96B | $6.99B | $7.41B | $6.92B | $7.08B | $7.46B | $6.88B | $6.94B | $7.08B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $269.30M | - | - | - | $243.90M | - | - | - | $242.50M | - |
| Investing Cash Flow | ($140.20M) | - | - | - | ($27.40M) | - | - | - | ($127.10M) | - |
| Financing Cash Flow | ($267.30M) | - | - | - | ($170.70M) | - | - | - | ($25.40M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -1.3% | - | 1.7% | 210.8% | -8.8% | - | 32.0% | 6.6% | -3.8% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.7% | - | 8.0% | 9.8% | 12.1% | - | 8.0% | 7.6% | 11.7% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.1% | - | 0.1% | 9.8% | -0.2% | - | 1.8% | 0.3% | -0.1% | - |
| Return on equity | -0.1% | - | 0.2% | 17.7% | -0.6% | - | 4.0% | 0.8% | -0.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | 1.04 | - | - | - | 1.10 |
| Debt / Assets | - | - | - | - | - | 0.45 | - | - | - | 0.46 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.83 | 1.80 | 1.83 | 1.80 | 2.38 | 2.34 | 2.29 | 2.47 | 2.47 | 2.39 |
| Liabilities / Assets | 0.43 | 0.41 | 0.42 | 0.42 | 0.56 | 0.55 | 0.54 | 0.58 | 0.57 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.05 | 0.05 | 0.03 | - | 0.06 | 0.05 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 1842.9x | 12.6x | - | - | 58.5x | 286.5x | - | - |
| P / B | 2.3x | - | 2.3x | 2.2x | 2.4x | - | 2.2x | 2.2x | 2.3x | - |
| P / S | 31.1x | - | 23.0x | 25.6x | 35.5x | - | 17.8x | 17.2x | 24.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.0% | - | -25.8% | -27.8% | -30.0% | - | -4.4% | 0.1% | 3.1% | - |
| Revenue CAGR (3y) | -8.0% | - | -9.2% | -8.5% | -5.0% | - | 11.2% | 12.7% | 14.9% | - |
| Revenue CAGR (5y) | 2.8% | - | 11.7% | 15.5% | 8.7% | - | 21.0% | 22.6% | 18.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | 84.5% | - | -96.0% | 2217.6% | -63.5% | - | 84.2% | -36.9% | 16.3% | - |
| EPS growth (YoY) | 79.4% | - | -97.0% | 2285.7% | -54.5% | - | 76.3% | -41.7% | 8.3% | - |
| EPS CAGR (3y) | - | - | -62.4% | 154.2% | - | - | 4.9% | -24.6% | - | - |
| EPS CAGR (5y) | - | - | -39.0% | 75.0% | - | - | 29.7% | -1.8% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -2.4% | -1.8% | -6.3% | 7.6% | -0.2% | -0.0% | -3.7% | -10.7% | -9.8% | -9.3% |
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%
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 |