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SUN Communities Inc. SUI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
7 YEARS OF DIVIDEND GROWTH
$2.3B
▲ 2.0% YoY
$1.4B
▲ 1264.8% YoY
$407.2M
▼ 51.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Sun Communities owns manufactured housing (MH) and recreational vehicle (RV) communities in the United States, Canada, and the UK, and self-administers, self-manages, operates, or holds an interest in, and develops the majority of its properties, with a number of communities operated by independent third-party contractors under management agreements. As of December 31, 2025, it owned and operated, directly or indirectly, or had an interest in, a portfolio of 513 developed properties located in the U.S., Canada, and the UK, including 294 MH communities, 166 RV communities, and 53 UK communities. It employed an aggregate of 3,614 full and part time employees as of December 31, 2025. Following the Safe Harbor Sale, it revised its reporting structure from a four-segment to a three-segment structure, consisting of MH communities, RV communities, and communities in the UK. An MH community is a residential subdivision with sites for the placement of manufactured homes and related improvements and amenities, designed to offer affordable housing to individuals and families while providing lifestyle amenities. An RV community is a resort with sites for the placement of RVs for varied lengths of time, in certain cases including vacation rental homes, designed to offer affordable vacation opportunities to individuals and families complemented by amenities such as restaurants, golf courses, swimming pools, and tennis courts. In the UK, homeowners occupy a pitch at one of its properties through a site fee license arrangement, and it sells new and pre-owned homes to current and prospective customers and provides vacation opportunities to individuals and families. Together with its affiliates and predecessors, Sun Communities has been in the business of operating, acquiring, developing, and expanding MH and RV communities since 1975, and communities in the UK since 2022.

Written from the business description in SUN COMMUNITIES, INC's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.3B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.3 · Net income 1.4
2B3B
2009201220152018202120242025
Compound annual growth
−8.1%
+10.5%
+13.1%
+15.5%
+75.5%
+24.7%
+75.7%
+51.9%
+31.9%
+20.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

62 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -11.2% · Net 62.0%
20%40%60%-5%-10%
200920172025
ROE
FY2025 · ROE 20.1%
10%20%-1%-2%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 20 cents of profit this year.

Cash & shareholders

USD 539.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.4
0.3B0.6B-0.5B-1.0B
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 539.1
200M400M
202320242025
Dividends paid·
Net buybacksUSD 539.1M
Share of profit38.1%
Consecutive raises7 years (since the 2018 share-count change)

USD 539.1M in buybacks — 38% of the year's profit went back to shareholders.

Total assetsUSD 12.5B
EquityUSD 7.0B
CashUSD 569.6M
Gross debtUSD 2.5B
Net debtUSD 1.9B

Net debt stands at 27% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
SUI, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.32.32.33.02.31.41.31.11.00.80.70.50.40.30.30.30.3
Operating income $B−0.3−0.1−0.1◌◌◌◌◌0.60.50.40.30.20.20.20.10.1
EBITDA $B0.30.40.4◌◌◌◌◌0.80.70.60.40.30.30.20.20.2
Income tax $B−0.0−0.0−0.00.00.0−0.00.00.0−0.00.00.00.00.00.00.00.00.0
Net income $B1.40.1−0.20.30.40.10.20.10.10.00.20.10.00.0−0.0−0.0−0.0
Free cash flow $B0.40.80.8◌−0.9−1.40.00.00.1−1.2−0.1−0.3−0.0−0.2−0.00.10.1
EPS, diluted $10.840.71−1.722.003.361.341.801.290.850.262.520.540.310.18−0.05−0.15−0.34
Dividend / sh $7.963.753.673.473.283.122.962.802.662.602.602.602.60◌◌2.522.52
Payout % — not applicable: no dividend—————————————————
ROE %20.11.5−2.83.66.72.84.73.82.91.413.34.65.9———◌
Shares out B0.120.130.120.120.120.110.090.090.000.000.000.00◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Nine checks were skipped: cost of revenue is not tagged before 2016. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsMay 13
Data on record since2009

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