T. Rowe Price discloses 4.5% Sun Communities (SUI) ownership stake

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed an amended Schedule 13G reporting beneficial ownership of 5,560,089 shares of Sun Communities Inc., representing 4.5% of the REIT’s outstanding class. T. Rowe Price reports sole voting power over 5,508,182 shares and sole dispositive power over 5,560,075 shares, with no shared voting or dispositive power.

The firm certifies the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Sun Communities, and not in connection with any control-related transaction, other than activities solely in connection with a nomination under the cited proxy rule.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SUN COMMUNITIES INC

(Name of Issuer)

REIT

(Title of Class of Securities)

866674104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 866674104

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,508,182.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,560,075.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,560,089.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUN COMMUNITIES INC
(b)	Address of issuer's principal executive offices: 27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD, MI, 48034
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 866674104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5560089
(b)	Percent of class: 4.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5508182
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5560075
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What ownership stake does T. Rowe Price hold in Sun Communities (SUI)?

T. Rowe Price Associates reports beneficial ownership of 5,560,089 Sun Communities shares, representing 4.5% of the REIT’s outstanding class. This reflects its position as a significant institutional holder without crossing the 5 percent threshold that often signals larger influence.

How much voting power does T. Rowe Price have in Sun Communities (SUI)?

T. Rowe Price Associates has sole voting power over 5,508,182 shares of Sun Communities and no shared voting power. This means it alone can vote those shares, which provides measurable influence in shareholder decisions while remaining a minority holder.

Does T. Rowe Price seek to influence control of Sun Communities (SUI)?

T. Rowe Price states the securities were acquired and are held in the ordinary course of business, not to change or influence control of Sun Communities. It also notes holdings are not part of any control-related transaction, except limited nomination activities under the cited proxy rule.

What is the difference between voting and dispositive power in this 13G/A for SUI?

T. Rowe Price reports sole voting power over 5,508,182 shares and sole dispositive power over 5,560,075 shares of Sun Communities. Voting power controls how shares are voted, while dispositive power covers decisions to sell or otherwise dispose of those shares.

Why is T. Rowe Price’s Schedule 13G/A filing for Sun Communities (SUI) important?

The filing shows T. Rowe Price as a 4.5% beneficial owner, confirming significant institutional support for Sun Communities. It also clarifies that the position is passive and held in the ordinary course, helping investors understand the nature of this large shareholder’s involvement.

Who signed the amended Schedule 13G for Sun Communities (SUI)?

The amended Schedule 13G was signed by Ellen York, Vice President of T. Rowe Price Associates, Inc., dated 02/17/2026. The signature certifies that, after reasonable inquiry, the information provided about ownership and intent is true, complete, and correct.