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Financials · SUI

Sun Communities Inc. (SUI) financials

For the twelve months ended Sep 30, 2026, Sun Communities Inc. reported $2.41B of revenue and -$781.70M of net income.

Revenue, TTM
$2.41B
Revenue growth, YoY
+18.4%
Net income, TTM
-$781.70M
Net margin
-32.4%
EPS, diluted, TTM
-$6.06
Cash
$699.30M
P/S
5.96
Market cap
$14.36B
Annual revenue$2.31B
FY2016FY2025
Annual net income$1.41B
FY2016FY2025
Annual free cash flow$407.20M
FY2023FY2025

SUI revenue and earnings growth

SUI revenueQ3 2026$558.20M

Quarter YoY
+0.4%
QoQ
+15.2%
FY YoY
+2.0%
5Y CAGR
+10.5%
10Y CAGR
+13.1%

SUI revenue was $558.20M in fiscal Q3 2026 (ended Sep 30, 2026), up 0.4% from a year earlier and up 15.2% from the prior quarter. For the full fiscal 2025 it was $2.31B, up 2.0% from fiscal 2024. Compound annual growth was +10.5% over 5 years and +13.1% over 10 years. It rose in 8 of the last 10 fiscal years.

SUI net incomeQ3 2026$126.20M

Quarter YoY
+943.0%
FY YoY
14x
5Y CAGR
+60.8%
10Y CAGR
+24.7%

SUI net income was $126.20M in fiscal Q3 2026 (ended Sep 30, 2026), up 943.0% from a year earlier. For the full fiscal 2025 it was $1.41B, up about 14-fold from fiscal 2024. Compound annual growth was +60.8% over 5 years and +24.7% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SUI EPSQ3 2026$1.00

Quarter YoY
14x
FY YoY
15x
5Y CAGR
+51.9%
10Y CAGR
+15.7%

SUI diluted EPS was $1.00 in fiscal Q3 2026 (ended Sep 30, 2026), up about 14-fold from a year earlier. For the full fiscal 2025 it was $10.84, up about 15-fold from fiscal 2024. Compound annual growth was +51.9% over 5 years and +15.7% over 10 years.

SUI free cash flowFY2025$407.20M

FY YoY
-51.0%

SUI free cash flow was $407.20M for fiscal 2025 (ended Dec 31, 2025), down 51.0% from fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.31B$2.26B$2.28B$2.97B$2.27B$1.40B$1.26B$1.13B$982.57M$833.78M
Cost of revenue---$311.20M$205.80M$147.10M$149.11M$123.33M$95.11M$80.42M
Gross profit---$2.66B$2.07B$1.25B$1.11B$1.00B$887.46M$753.36M
Selling, general and admin$236.70M$230.50M$213.50M$257.40M$181.30M$109.50M$92.78M$81.43M$83.97M$63.66M
Operating income--------$550.95M$466.91M
Interest expense--------$127.13M$119.16M
Pre-tax income-$257.40M-$122.90M-$54.40M-$284.85M$135.62M$139.86M$129.55M$72.70M$35.93M
Income tax-$49.20M-$36.00M-$9.20M$6.10M$1.30M-$800.0K$873.0K$88.0K-$136.0K$283.0K
Net income$1.41B$103.60M-$206.90M$261.40M$408.30M$131.60M$160.26M$107.23M$72.18M$26.32M
EPS, basic$10.84$0.71-$1.71$2.00$3.36$1.34$1.80$1.29$0.85$0.27
EPS, diluted$10.84$0.71-$1.72$2.00$3.36$1.34$1.80$1.29$0.85$0.26
Diluted shares124.9M127.2M123.8M122.9M115.1M97.5M88.9M82.0M76.7M66.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$606.70M$47.90M$36.30M$90.40M$78.20M$92.60M$34.80M$62.26M$23.51M$25.31M
Goodwill$9.50M$9.50M$733.00M$1.02B$495.40M$428.80M$0---
Total assets$12.52B$16.55B$16.94B$17.08B$13.49B$11.21B$7.80B$6.71B$6.11B$5.87B
Total debt-$7.39B$7.82B$7.20B$5.67B$4.76B$3.44M$3.12B$3.07B$3.09B
Total liabilities$5.19B$9.10B$9.51B$8.99B$6.47B$5.31B$3.85B$3.48B$3.41B$3.44B
Shareholders' equity$6.96B$7.19B$7.17B$7.89B$6.73B$5.63B$3.88B$3.17B$2.66B$2.30B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$864.20M$861.00M$790.50M$734.90M$753.60M$543.30M$476.73M$363.11M$257.98M$241.46M
Capital expenditures$457.00M$30.20M$7.10M-------
Free cash flow$407.20M$830.80M$783.40M-------
Investing cash flow$4.93B-$267.40M-$919.50M-$3.06B-$2.34B-$2.49B-$1.01B-$733.74M-$401.64M-$1.61B
Financing cash flow-$5.22B-$571.60M$80.30M$2.35B$1.57B$2.00B$505.88M$409.90M$141.56M$1.34B
Share repurchases$539.10M$0$0-------
Stock-based compensation$37.40M$33.10M$35.10M$37.60M$28.00M$23.00M$17.48M$15.07M$12.70M$9.56M
Depreciation and amortization$507.90M$490.50M$494.10M$601.80M$522.70M$376.90M$328.07M$287.26M$261.54M$221.77M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY2.0%-1.0%-23.1%30.7%62.5%10.6%12.2%14.7%17.8%23.6%
Net income growth, YoY1264.8%---36.0%210.3%-17.9%49.5%48.6%174.3%-83.1%
EPS growth, YoY1426.8%---40.5%150.7%-25.6%39.5%51.8%226.9%-89.7%
Gross margin---89.5%90.9%89.5%88.2%89.1%90.3%90.4%
Operating margin--------56.1%56.0%
Net margin61.3%4.6%-9.1%8.8%18.0%9.4%12.7%9.5%7.3%3.2%
Free cash flow margin17.7%36.8%34.3%-------
Return on equity20.3%1.4%-2.9%3.3%6.1%2.3%4.1%3.4%2.7%1.1%
Return on assets11.3%0.6%-1.2%1.5%3.0%1.2%2.1%1.6%1.2%0.4%
Debt to equity-1.031.090.910.840.850.000.991.151.35

Source: XBRL data Sun Communities Inc. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SUI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SUI$2.41B+18.4%-$781.70M-32.4%$14.36B
WELL$13.79B+39.2%$1.67B12.1%$181.46B
PLD$8.95B+6.7%$3.71B41.5%$124.09B
EQIX$10.06B+11.1%$1.65B16.4%$104.38B
AMT$11.01B+5.3%$3.31B30.1%$87.65B
SPG$7.15B+16.2%$4.51B63.0%$75.39B
DLR$6.34B+12.6%$1.38B21.7%$68.13B
PSA$5.03B+5.2%$1.90B37.8%$63.18B
O$6.21B+10.8%$1.36B21.8%$56.58B

SUI FAQ

7 questions
  • What is SUI revenue?
    Sun Communities Inc. (SUI) reported $2.41B of revenue for the twelve months ended Sep 30, 2026. That is up 18.4% from the year before. Revenue for fiscal 2025 was $2.31B.
  • Is SUI profitable?
    No. Sun Communities Inc. reported a net loss of $781.70M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does SUI have?
    Sun Communities Inc. reported $699.30M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SUI revenue growing?
    Sun Communities Inc.'s revenue changed +2.0% in fiscal 2025, to $2.31B. Its compound annual growth rate was +10.5% over 5 years and +13.1% over 10 years.
  • What is SUI earnings per share?
    Diluted earnings per share were -$6.06 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SUI last report financial results?
    The latest statements here come from Sun Communities Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
  • Where does this SUI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Sun Communities Inc. files with the SEC. It is provided for information only and is not investment advice.