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Sun Communities Financials

SUI
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Sun Communities (SUI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 62 / 100
Financial Profile 62/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
37

Sun Communities's revenue grew a modest 2.0% year-over-year to $2.3B. This slow but positive growth earns a score of 37/100.

Leverage
87

Sun Communities carries a low D/E ratio of 0.75, meaning only $0.75 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow
69

Sun Communities converts 17.7% of revenue into free cash flow ($407.2M). This strong cash generation earns a score of 69/100.

Returns
56

Sun Communities's ROE of 20.3% shows moderate profitability relative to equity, earning a score of 56/100. This is up from 1.5% the prior year.

Piotroski F-Score Neutral
6/9

Sun Communities passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
0.61x

For every $1 of reported earnings, Sun Communities generates $0.61 in operating cash flow ($864.2M OCF vs $1.4B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.3B
YoY+2.0%
5Y CAGR+10.5%
10Y CAGR+13.1%

Sun Communities generated $2.3B in revenue in fiscal year 2025. This represents an increase of 2.0% from the prior year.

EBITDA
N/A
Net Income
$1.4B
YoY+1264.8%
5Y CAGR+60.8%
10Y CAGR+24.7%

Sun Communities reported $1.4B in net income in fiscal year 2025. This represents an increase of 1264.8% from the prior year.

EPS (Diluted)
$10.84
YoY+1426.8%
5Y CAGR+51.9%

Sun Communities earned $10.84 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1426.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$407.2M
YoY-51.0%

Sun Communities generated $407.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 51.0% from the prior year.

Cash & Debt
$569.6M
YoY+1089.1%
5Y CAGR+49.1%
10Y CAGR+28.9%

Sun Communities held $569.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$7.96
YoY+112.3%
5Y CAGR+20.6%

Sun Communities paid $7.96 per share in dividends in fiscal year 2025. This represents an increase of 112.3% from the prior year.

Shares Outstanding
123M
YoY-3.1%
5Y CAGR+2.8%

Sun Communities had 123M shares outstanding in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
61.3%
YoY+56.7pp
5Y CAGR+51.9pp
10Y CAGR+38.3pp

Sun Communities's net profit margin was 61.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 56.7 percentage points from the prior year.

Return on Equity
20.3%
YoY+18.9pp
5Y CAGR+17.9pp
10Y CAGR+9.7pp

Sun Communities's ROE was 20.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 18.9 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$539.1M

Sun Communities spent $539.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$457.0M
YoY+1413.2%

Sun Communities invested $457.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1413.2% from the prior year.

SUI Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $515.2M-26.1% $697.2M+11.8% $623.5M+32.6% $470.2M-8.6% $514.6M-24.4% $680.4M+14.1% $596.3M+27.1% $469.2M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $62.7M+12.4% $55.8M-8.8% $61.2M+7.4% $57.0M-5.3% $60.2M+2.6% $58.7M+17.9% $49.8M-19.4% $61.8M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $39.2M-5.5% $41.5M-28.7% $58.2M-29.1% $82.1M-1.3% $83.2M-5.0% $87.6M-2.4% $89.8M+0.1% $89.7M
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income $128.9M+965.3% $12.1M-99.1% $1.3B+3289.6% -$41.2M+82.0% -$228.4M-176.0% $300.5M+430.0% $56.7M+325.0% -$25.2M
EPS (Diluted) N/A $0.07-99.3% $10.02+3047.1% $-0.34 N/A $2.31+450.0% $0.42+290.9% $-0.22

SUI Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $12.5B-2.2% $12.8B-4.2% $13.4B-19.0% $16.5B-0.3% $16.5B-3.1% $17.1B+0.4% $17.0B-0.6% $17.1B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $569.6M+5.0% $542.7M-39.0% $889.7M+813.4% $97.4M+103.3% $47.9M-25.9% $64.6M-33.5% $97.2M-16.4% $116.3M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $9.5M0.0% $9.5M0.0% $9.5M0.0% $9.5M0.0% $9.5M-98.7% $742.6M+1.5% $731.7M0.0% $731.4M
Total Liabilities $5.2B-4.5% $5.4B-2.4% $5.6B-39.7% $9.2B+1.5% $9.1B-1.6% $9.2B-5.5% $9.8B-0.5% $9.8B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A $7.4B N/A N/A N/A
Total Equity $7.0B-0.4% $7.0B-5.7% $7.4B+7.1% $6.9B-2.3% $7.1B-5.0% $7.5B+8.3% $6.9B-0.8% $6.9B
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

SUI Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $166.5M-15.8% $197.8M-22.7% $256.0M+5.0% $243.9M+106.7% $118.0M-37.6% $189.2M-39.2% $311.3M+28.4% $242.5M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$458.2M-778.8% $67.5M-98.7% $5.3B+19603.3% -$27.4M+73.1% -$101.8M-166.0% $154.3M+180.0% -$192.8M-51.7% -$127.1M
Financing Cash Flow -$252.3M+54.3% -$551.9M+87.0% -$4.2B-2386.5% -$170.7M-422.0% -$32.7M+91.1% -$366.8M-150.0% -$146.7M-477.6% -$25.4M
Dividends Paid N/A $131.5M N/A $122.6M N/A N/A N/A N/A
Share Buybacks $38.8M-87.0% $297.5M N/A N/A $0 $0 N/A N/A

SUI Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 25.0%+23.3pp 1.7%-209.0pp 210.8%+219.5pp -8.8%+35.6pp -44.4%-88.5pp 44.2%+34.7pp 9.5%+14.9pp -5.4%
Return on Equity 1.8%+1.7pp 0.2%-17.6pp 17.7%+18.3pp -0.6%+2.6pp -3.2%-7.3pp 4.0%+3.2pp 0.8%+1.2pp -0.4%
Return on Assets 1.0%+0.9pp 0.1%-9.7pp 9.8%+10.1pp -0.3%+1.1pp -1.4%-3.1pp 1.8%+1.4pp 0.3%+0.5pp -0.1%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.75-0.0 0.78+0.0 0.75-0.6 1.33+0.3 1.04-0.2 1.24-0.2 1.420.0 1.42
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Sun Communities (SUI) reported $2.3B in total revenue for fiscal year 2025. This represents a 2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Sun Communities (SUI) revenue grew by 2% year-over-year, from $2.3B to $2.3B in fiscal year 2025.

Yes, Sun Communities (SUI) reported a net income of $1.4B in fiscal year 2025, with a net profit margin of 61.3%.

Sun Communities (SUI) reported diluted earnings per share of $10.84 for fiscal year 2025. This represents a 1426.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Sun Communities (SUI) had a net profit margin of 61.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Sun Communities (SUI) paid $7.96 per share in dividends during fiscal year 2025.

Sun Communities (SUI) has a return on equity of 20.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Sun Communities (SUI) generated $407.2M in free cash flow during fiscal year 2025. This represents a -51.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Sun Communities (SUI) generated $864.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Sun Communities (SUI) had $12.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Sun Communities (SUI) invested $457.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Sun Communities (SUI) spent $539.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Sun Communities (SUI) had 123M shares outstanding as of fiscal year 2025.

Sun Communities (SUI) had a debt-to-equity ratio of 0.75 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Sun Communities (SUI) had a return on assets of 11.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Sun Communities (SUI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Sun Communities (SUI) has an earnings quality ratio of 0.61x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Sun Communities (SUI) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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