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SUN COMMUNITIES INC (SUI)

As-reported financials and recent SEC filings for SUN COMMUNITIES INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About SUN COMMUNITIES INC

Sun Communities Inc is a real estate investment trust that owns and operates manufactured housing and recreational vehicle communities in the United States, Canada, and the United Kingdom. The company leases land sites for manufactured homes and RVs, providing affordable housing and vacation options with various amenities. It also sells new and pre-owned homes through its subsidiary Sun Home Services and manages holiday parks in the UK.

Snapshot

Revenue
$2.31B
Revenue growth (YoY)
2.0%
Net income
$1.41B
Diluted EPS
$10.84
Gross margin
Operating margin
Net margin
61.3%
FCF margin
17.7%
ROE
P/E (TTM)
11.0×
Market cap
$15.22B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Sun Communities

  • Revenue grew 2.0% to $2.3B in FY2025, after a 1.0% decline the year before.
  • Most recent quarter Q1 FY2026: revenue $508M, up 8.0% from Q1 FY2025.
  • Free cash flow was $407M in FY2025, 17.7% of revenue.
  • Net income rose more than tenfold to $1.4B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sun Communities’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin61.3%
97th percentile of 156
FCF margin17.7%
58th percentile of 27
Revenue growth (YoY)+2.0%
42nd percentile of 161
P/E (TTM)11.0×
10th percentile of 108
Short interest2.69d
21st percentile of 154

Sun Communities’s net margin of 61.3% ranks in the 97th percentile of the 156 REITs reporting it. Sun Communities’s P/E of 11.0 ranks in the 10th percentile of the 108 peers with a meaningful P/E.

No open-market insider buys in the last 90 days; 3 insider sales totaling $6.0M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+4 quant / multi-strat
Initiated / added
1
1 new, 0 added
Reduced / exited
7
5 trimmed, 2 exited
Combined position
$1.92B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ1 2026$1.80B14.3MReduced
Citadel AdvisorsquantQ1 2026$73.0M579.9KReduced
Millennium ManagementquantQ1 2026$22.1M175.3KReduced
AQR Capital ManagementquantQ1 2026$14.3M114.3KReduced
Gotham Asset ManagementQ1 2026$6.1M48.2KReduced
Renaissance TechnologiesquantQ1 2026$3.8M30.1KNew

No longer held by: Point72 Asset Management (as of Q1 2026), Two Sigma Investments (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
3
$6.0M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-24
filed 2026-06-25
SHIFFMAN GARY ADirectorSell25.0K$119.96$3.0M
2026-05-26
filed 2026-05-27
Castro-Caratini FernandoEVP, CFO, Sec. & Treas.Sell21.3K$124.37$2.6M
2026-05-26
filed 2026-05-27
Castro-Caratini FernandoEVP, CFO, Sec. & Treas.Sell2.5K$124.97$311K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.4M
settled 2026-07-15
Change vs prior
-4.3%
vs previous settlement
Days to cover
2.69
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-153.4M-4.3%2.69
2026-06-303.5M-4.6%2.65
2026-06-153.7M+9.6%3.00
2026-05-293.4M+5.6%3.29
2026-05-153.2M+11.6%4.34
2026-04-302.9M+15.9%3.24
2026-04-152.5M-4.9%4.16
2026-03-312.6M+15.1%3.21

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.31B$2.26B$2.28B$2.97B$1.60B
Gross profit$2.66B$1.39B
Operating income
Net income$1.41B$103.6M$-206.9M$261.4M$408.3M
Diluted EPS$10.84$0.71$-1.72$2.00$3.36

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$569.6M$47.9M$29.2M$72.8M$65.8M
Current assets
Total assets$12.52B$16.55B$16.94B$17.08B$13.49B
Current liabilities
Long-term debt$7.39B$7.82B$7.24B$5.7M
Total liabilities$5.19B$9.10B$9.51B$8.99B$6.47B
Total equity$7.07B$7.19B$7.17B$7.89B$6.73B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$864.2M$861.0M$790.5M$734.9M$753.6M
Capital expenditure$457.0M$30.2M$7.1M
Free cash flow$407.2M$830.8M$783.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$507.9M8.0%$-6.4M$-0.07
Q4 FY2025$515.2M0.1%$1.03
Q3 FY2025$697.2M2.5%$12.1M$0.07
Q2 FY2025$623.5M4.6%$1.31B$10.02
Q1 FY2025$470.2M0.2%$-41.2M$-0.34
Q4 FY2024$514.6M$-1.80
Q3 FY2024$680.4M-30.8%$300.5M$2.31
Q2 FY2024$596.3M-30.9%$56.7M$0.42

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Fiscal year endMay 13
Latest fiscal periodFY2025
SEC filings since2015
SEC CIK912593

Recent SEC filings

10-Q2026-04-28
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-06-01
View on EDGAR →
8-K/A2026-05-28
View on EDGAR →
8-K2026-05-21
View on EDGAR →

Largest reit peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.