Sun Communities Inc (SUI)

Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of June 30, 2026, the Company owned, operated, or had an interest in a portfolio of 455 developed MH and RV properties comprising approximately 156,130 developed sites in the U.S. and Canada. At that date, the Company also owned, operated, or held an interest in a portfolio of 54 U.K. properties comprising approximately 22,030 developed sites, which were classified within discontinued operations as of June 30, 2026. Sun Communities, Inc. was incorporated in 1975 in Maryland and is based in Southfield, Michigan.

Ticker: SUI
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Residential
Market cap: $14.43B
52-week range: $109.77 - $137.85

Valuation

Share price: $120.30 (close of Nov 6, 2026)
P/E (TTM): -19.92x
Price to book: 2.72x
Price to free cash flow: 36.08x
Enterprise value: $17.51B
Book value per share: $44.16

Price performance

Period	Change
1 day	-1.46%
5 days	+6.22%
1 month	+7.34%
3 months	-0.02%
6 months	-4.46%
Year to date	-2.91%
1 year	-3.14%
3 years	+1.22%
5 years	-38.22%
10 years	+60.12%
All time	+494.07%

Short interest

As of: Oct 15, 2026
Short % of float: 7.79%
Shares short: 6.76M
Days to cover: 5.90
Change since prior report: -2.42%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 19.99%
Return on assets: 11.29%
Net margin: 61.31%
Revenue growth: 2.02%
Free cash flow growth: -50.99%

Cash flow and balance sheet

Free cash flow yield (TTM): 2.77%
Net debt to EBITDA: 3.25x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $2.31B
Net income: $1.41B
Earnings per share: $10.84
Shares outstanding: 124.90M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$2.31B	$1.41B	$10.84
2024-12-31	$2.26B	$103.60M	$0.71
2023-12-31	$2.28B	-$206.90M	-$1.71
2022-12-31	$2.97B	$261.40M	$2.00
2021-12-31	$2.27B	$408.30M	$3.36
2020-12-31	$1.40B	$131.61M	$1.34
2019-12-31	$1.26B	$161.55M	$1.80
2018-12-31	$1.13B	$107.23M	$1.29
2017-12-31	$982.57M	$72.18M	$0.85
2016-12-31	$833.78M	$26.32M	$0.27

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	61.31%	19.99%
2024-12-31	4.58%	1.44%
2023-12-31	-9.06%	-2.88%
2022-12-31	8.80%	3.31%
2021-12-31	17.97%	6.07%
2020-12-31	9.41%	2.34%
2019-12-31	12.78%	4.17%
2018-12-31	9.52%	3.39%
2017-12-31	7.35%	2.71%
2016-12-31	3.16%	1.11%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$569.60M	-
2024-12-31	$47.90M	$7.39B
2023-12-31	$29.20M	$7.82B
2022-12-31	$72.80M	$7.24B
2021-12-31	$65.80M	$5.70M
2020-12-31	$77.30M	$4.77M
2019-12-31	$22.10M	$3.44M
2018-12-31	$50.30M	$3.12B
2017-12-31	$10.13M	$3.07B
2016-12-31	$8.16M	$3.09B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$407.20M	$37.40M
2024-12-31	$830.80M	$33.10M
2023-12-31	$783.40M	$35.10M
2022-12-31	$734.90M	$37.60M
2021-12-31	$753.60M	$28.00M
2020-12-31	$543.30M	$23.00M
2019-12-31	$476.73M	$17.48M
2018-12-31	$363.11M	$15.07M
2017-12-31	$257.98M	$12.70M
2016-12-31	$241.46M	$9.56M

Dividend history

Most recent payment: Sep 30, 2026
Paid in the last twelve months: $4.40

Payment date	Dividend per share
2026-09-30	$1.12
2026-06-30	$1.12
2026-03-31	$1.12
2025-12-31	$1.04
2025-09-30	$1.04
2025-06-30	$1.04
2025-05-14	$4.00
2025-03-31	$0.94

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-26	Sep 2026	$2.30
2026-07-27	Jun 2026	$1.76
2026-04-27	Mar 2026	$1.31
2026-02-24	Dec 2025	$1.37
2025-10-29	Sep 2025	$2.18
2025-07-30	Jun 2025	$1.67
2025-05-05	Mar 2025	$1.18
2025-02-26	Dec 2024	$1.39

Filings and sources

Company website: suncommunities.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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