SUN COMMUNITIES INC

Listed Company

SUICIK 0000912593NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends May 13

Period

FY 2025

Revenue

$2.31B

Net Income

$1.43B

Total Assets

$12.52B

Equity

$6.96B

Shares Out

123.23M

Op. Cash Flow

$864.20M

SUI$121.50−2.54% · past yearDBEQ Basic

Daily closing prices

Business

Sun Communities Inc. is a fully integrated REIT that owns and operates manufactured housing and recreational vehicle communities in the U.S., Canada, and the UK, along with holiday parks in the UK. The company leases individual land parcels to residents, provides home sales and rental services through taxable REIT subsidiaries, and manages properties either directly or through third-party contractors and ground lease arrangements. Sun Communities operates 513 developed properties comprising 294 MH communities, 166 RV communities, and 53 UK holiday parks across three reportable segments.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Real property	1,766	1,703	1,628	1,902	1,598
Home sales	334	370	420	466	280
Ancillary	134	133	138	532	352
Interest	49	20	45	35	12
Brokerage commissions and other, net	24	35	54	35	30
Total Revenues	2,306	2,261	2,284	2,970	2,273
Property operating and maintenance	596	584	556	629	501
Real estate tax	111	104	96	111	95
Home costs and selling	264	273	306	322	206
Ancillary	106	109	108	457	308
General and administrative	237	231	214	257	181
Catastrophic event-related charges, net	1	24	−3	—	—
Business combinations	0	0	3	25	1
Depreciation and amortization	508	491	494	602	523
Asset impairments	387	67	6	3	0
Goodwill impairment	0	181	370	0	0
Loss on extinguishment of debt (see Note 7)	104	1	0	4	8
Interest	221	350	326	230	159
Interest on mandatorily redeemable preferred OP units / equity	0	0	3	4	4
Total Expenses	2,534	2,414	2,477	2,661	1,988
Loss Before Other Items	−228	−153	−193	308	285
Loss on remeasurement of marketable securities	0	0	−16	−53	34
Gain / (loss) on foreign currency exchanges	27	−26	−300,000	5	−4
Gain on dispositions of properties, net	5	203	11	12	108
Other income / (expense), net	134	−7	−7	−2	−12
Loss on remeasurement of notes receivable	−2	−36	−107	−800,000	700,000
Total Income from Nonconsolidated Affiliates	16	10	16	3	4
Gain / (loss) on remeasurement of investment in nonconsolidated affiliates	−900,000	7	−4	−3	−200,000
Current tax expense (see Note 11)	−11	−4	−14	−10	−1
Deferred tax benefit (see Note 11)	60	40	23	4	−100,000
Net Income / (Loss) from Continuing Operations	600,000	33	−291	—	—
Income from discontinued operations, net	1,430	74	82	—	—
Net Income / (Loss)	1,430	107	−209	264	414
Less: Preferred return to preferred OP units / equity interests	13	13	12	11	12
Less: Income / (loss) attributable to noncontrolling interests	56	5	−8	11	22
Net Income / (Loss) Attributable to SUI Common Shareholders - Basic	1,361	89	−213	242	380
Weighted average common shares outstanding - basic (in shares)	125	125	123	120	113
Weighted average common shares outstanding - diluted (in shares)	125	127	124	123	115
Basic earnings / (loss) per share from continuing operations (in USD per share)	−0.61	0.12	−2.38	—	—
Basic earnings per share from discontinued operations (in USD per share)	11.45	0.59	0.67	—	—
Basic earnings/(loss) per share (in USD per share)	10.84	0.71	−1.71	2	3.36
Diluted earnings / (loss) per share from continuing operations (in USD per share)	−0.61	0.12	−2.39	—	—
Diluted earnings per share from discontinued operations (in USD per share)	11.45	0.59	0.67	—	—
Diluted earnings/(loss) per share (in USD per share)	10.84	0.71	−1.72	2	3.36

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-09-30	FY 2023 2023-06-30
Land	3,503	3,462	4,278	—	—
Land improvements and buildings	9,287	9,059	11,682	—	—
Rental homes and improvements	940	834	744	—	—
Furniture, fixtures and equipment	770	739	1,012	—	—
Investment property	14,500	14,094	17,717	—	—
Accumulated depreciation	−3,598	−3,228	−3,273	—	—
Investment property, net	10,902	10,865	14,444	—	—
Cash, cash equivalents and restricted cash	636	57	36	—	—
Inventory of manufactured homes	143	130	206	—	—
Collateralized receivables, net	43	51	56	—	—
Goodwill	10	10	733	725	778
Other intangible assets, net	102	103	370	—	—
Other assets, net	356	442	669	—	—
Assets held for sale and discontinued operations, net (see Note 2)	0	4,462	—	—	—
Total Assets	12,523	16,549	16,941	17,247	17,235
Mortgage loans payable (see Note 7)	2,400	3,212	3,479	—	—
Secured borrowings on collateralized receivables	43	51	56	—	—
Unsecured debt (see Note 7)	1,787	4,089	4,243	—	—
Distributions payable	131	123	118	—	—
Advanced reservation deposits and rent	256	249	345	—	—
Accrued expenses and accounts payable	228	266	314	—	—
Other liabilities	321	819	953	929	958
Liabilities held for sale and discontinued operations, net (see Note 2)	0	287	—	—	—
Total Liabilities	5,194	9,097	9,507	9,465	9,475
Commitments and contingencies (see Note 15)	—	—	—	—	—
Temporary equity (see Note 8)	256	260	261	300	294
Common stock, $0.01 par value. Authorized: 360.0 shares; Issued and outstanding: 123.5 at December 31, 2025 and 127.4 at December 31, 2024	1	1	1	—	—
Additional paid-in capital	9,563	9,864	9,467	—	—
Accumulated other comprehensive income / (loss)	27	−8	12	16	36
Distributions in excess of accumulated earnings	−2,635	−2,776	−2,398	−2,203	−2,210
Total SUI Shareholders' Equity	6,956	7,082	7,083	7,396	7,395
Common and preferred OP units	116	110	90	86	72
Consolidated entities	400,000	700,000	0	—	—
Total noncontrolling interests	117	111	90	86	72
Total Shareholders' Equity	7,073	7,193	7,173	7,482	7,466
Total Liabilities, Temporary Equity and Shareholders' Equity	12,523	16,549	16,941	17,247	17,235

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on disposition of assets	−15	−27	−9	−27	−49
(Gain) / loss on foreign currency exchanges	−27	26	300,000	−5	4
Catastrophic event-related impairment	1	24	−3	11	0
Share-based compensation	37	33	35	38	28
Depreciation and amortization	508	491	494	576	512
Loss on remeasurement of notes receivable (see Note 4)	2	36	107	800,000	−700,000
Gain on insurance proceeds related to property damage	−31	0	0	—	—
Gain on early lease termination	−52	0	−200,000	5	0
Other, net	−30	−26	12	13	—
Change in notes receivable from financed sales of inventory homes, net of repayments	−34	−48	−8	5	−1
Change in inventory, other assets and other receivables, net	146	27	−118	−274	−76
Change in other liabilities	−125	36	−11	63	47
Net cash provided by operating activities - continuing operations	808	610	550	—	—
Net cash provided by operating activities - discontinued operations	56	251	241	—	—
Net Cash Provided By Operating Activities	864	861	791	735	754
Investment in properties	−461	−470	−786	−921	−673
Acquisitions, net of cash acquired	−462	−22	−47	−2,214	−1,649
Proceeds from insurance	44	2	10	0	0
Proceeds from disposition of assets and depreciated homes, net	17	21	60	100	114
Proceeds related to disposition of properties	162	422	10	44	162
Repayments of notes and other receivables	87	8	9	13	5
Proceeds from sale of marketable securities	0	0	104	0	0
Investments in nonconsolidated affiliates	−900,000	−22	−40	−51	−37
Other investing activities	12	18	−19	—	—
Net cash used for investing activities - continuing operations	−603	−43	−701	—	—
Net cash provided by / (used for) investing activities - discontinued operations	5,529	−225	−219	—	—
Net Cash Provided By / (Used For) Investing Activities	4,926	−267	−920	−3,063	−2,338
Issuance and costs of common stock, OP units and preferred OP units, net	1	361	−600,000	—	—
Common stock withheld to satisfy income tax obligations related to vesting of restricted stock	−12	−8	−11	−19	−18
Repurchases of common stock	−539	0	0	—	—
Borrowings on lines of credit	625	2,631	1,635	3,705	3,762
Payments on lines of credit	−2,107	−3,286	−1,776	−2,504	−3,961
Proceeds from secured borrowing	0	0	53	0	0
Proceeds from issuance of other debt	0	500	836	828	1,203
Payments on other debt	−2,093	−269	−174	−401	−77
Distributions	−1,044	−491	−475	−434	−391
Net capital transfer from consolidated affiliates	5,557	21	20	—	—
Other Financing Activities	−15	−5	−4	−8	—
Net cash provided by / (used for) financing activities - continuing operations	372	−547	104	—	—
Net cash used for financing activities - discontinued operations	−5,592	−24	−23	—	—
Net Cash Provided By / (Used For) Financing Activities	−5,219	−572	80	2,349	1,570
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2	−800,000	1	−9	−200,000
Net change in cash, cash equivalents and restricted cash	572	21	−48	12	−14
Cash paid for interest (net of capitalized interest of $3.5, $8.6, and $12.9, respectively)	246	342	327	218	147
Change in distributions declared and outstanding	9	4	8	13	11
Release of note receivable and accrued interest in relation to acquisition of real estate collateral	0	0	264	0	0
Issuance of notes and other receivables in relation to disposition of properties	0	42	111	0	0
Properties transferred in exchange for noncontrolling interests	0	0	159	0	0
Equity interest and note receivable transferred in exchange for noncontrolling interests	0	0	28	0	0
Settlement of preferred equity interests in connection with exchange for noncontrolling interests	0	0	39	0	0
Acquisitions - Common stock and OP units issued	0	36	4	38	4

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is SUN COMMUNITIES INC's CIK number?

SUN COMMUNITIES INC's SEC CIK number is 0000912593 (912593). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SUN COMMUNITIES INC's SEC filings?

All of SUN COMMUNITIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SUN COMMUNITIES INC last report earnings?

SUN COMMUNITIES INC (SUI) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000912593-26-000156). This is SUN COMMUNITIES INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is SUN COMMUNITIES INC's most recent earnings 8-K?

SUN COMMUNITIES INC's latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0000912593-26-000156. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SUN COMMUNITIES INC's latest earnings 8-K →
Look up any company's CIK number →