Sun Communities, Inc. | REIT Profile

Symbol: SUI
CIK: 912593
Exchange: NYSE
Founded: 1975 (47 years)
HQ: Southfield, MI, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Residential
Internally Managed REIT

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See SUI on SEC.gov

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Overall Score: 8.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 18, 2022


Open Price: $196.7
Closing Price: $196.81
Price Change: -1.04 (-0.526%)
Lowest Price: $195.47
Highest Price: $198.06

52-Week Low: $135.55
52-Week High: $211.79
52-Week Change: 41.53%

5 Day Price Change: 1.46%
1 Month Price Change: 0.28%
3 Month Price Change: 1.99%
6 Month Price Change: 8.33%
YTD Price Change: -5.77%
1 Year Price Change: 41.53%
2 Year Price Change: 33.14%
5 Year Price Change: 187.96%

Dividend of Trading Day January 18, 2022


Dividend Yield: 1.687%*
Annualized Dividend: $3.32*
Dividend Yield (TTM): 1.667%
Annualized Dividend (TTM): $3.2989
Ex-Dividend Date: 2021-12-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Sun Communities, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 18, 2022


Total Cash: $245,940,000
Current Debt: $554,514,000
Revenue: $2,114,437,000
Gross Profit: $1,921,083,000
Total Revenue: $2,114,437,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $922,392,000
Revenue Per Share: $18
Revenue Per Employee: $672,103
Employee: 4,872
Debt to Equity Ratio (D/E): 1.80
Profit Margin: 0.18%
Enterprise Value (EV): $27,532,518,537
Enterprise Value to Revenue (EV/R): 13.02
Price to Sales (P/S): 10.92
Price to Book (P/B): 3.30
Price/Earnings-to-Growth (PEG) Ratio: 0.55
P/E Ratio: 58.06
P/E High: -402.84
P/E Low: -523.37
Forward P/E Ratio: 72.77
Market Capitalization: $22,823,457,201
Beta: 0.71
Latest Volume: 809,213
Avg. Total Volume: 539,696
Avg. 10-Day Volume: 527,283
Avg. 30-Day Volume: 539,696
TTM EPS: 3.39
Shares Outstanding: 115,966,959
Float: N/A
50-Day Moving Avg.: $200.00
200-Day Moving Avg.: $194.57

Latest REIT Community Comments on #SUI


See more community comments related to SUI

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $157.82 per share you would have been able to buy 6 shares of SUI on 2021-01-19 costing $946.92 @ $157.82 per share you would have been able to buy 3 shares of SUI on 2021-01-19 costing $473.46 @ $157.82 per share you would have been able to buy 1 shares of SUI on 2021-01-19 costing $157.82 @ $157.82 per share you would have been able to buy 0 shares of SUI on 2021-01-19 costing $0.00 @ $157.82 per share you would have been able to buy 0 shares of SUI on 2021-01-19 costing $0.00
Current worth On 2022-01-18 these 6 shares would be worth $1,180.86 @ $196.81 On 2022-01-18 these 3 shares would be worth $590.43 @ $196.81 On 2022-01-18 these 1 shares would be worth $196.81 @ $196.81 On 2022-01-18 these 0 shares would be worth $0.00 @ $196.81 On 2022-01-18 these 0 shares would be worth $0.00 @ $196.81
Dividends earned $19.92 in dividends would have been earned since 2021-01-19 with 6 shares. $10 in dividends would have been earned since 2021-01-19 with 3 shares. $3.32 in dividends would have been earned since 2021-01-19 with 1 shares. $0.00 in dividends would have been earned since 2021-01-19 with 0 shares. $0.00 in dividends would have been earned since 2021-01-19 with 3 shares.
Net (gain / loss)* 253.86 USD 126.93 USD 42.31 USD 0.00 USD 0.00 USD
ROI** 26.81% 26.81% 26.81% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by SUI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
SUI 2021-12-30 0.830 --- 2021-12-01 2021-12-31 2022-01-18
SUI 2021-09-29 0.830 --- 2021-09-01 2021-09-30 2021-10-15
SUI 2021-06-29 0.830 --- 2021-06-01 2021-06-30 2021-07-15
SUI 2021-03-30 0.830 5.06% 2021-03-05 2021-03-31 2021-04-15
SUI 2020-12-30 0.790 --- 2020-12-01 2020-12-31 2021-01-15
SUI 2020-09-29 0.790 --- 2020-08-31 2020-09-30 2020-10-15
SUI 2020-06-29 0.790 --- 2020-06-01 2020-06-30 2020-07-15
SUI 2020-03-30 0.790 5.33% 2020-03-06 2020-03-31 2020-04-15
SUI 2019-12-30 0.750 --- 2019-11-27 2019-12-31 2020-01-15
SUI 2019-09-27 0.750 --- 2019-08-28 2019-09-30 2019-10-15
SUI 2019-06-27 0.750 --- 2019-05-28 2019-06-28 2019-07-15
SUI 2019-03-28 0.750 5.63% 2019-03-06 2019-03-29 2019-04-15
SUI 2018-12-28 0.710 --- 2018-11-27 2018-12-31 2019-01-15
SUI 2018-09-27 0.710 --- 2018-08-28 2018-09-28 2018-10-15
SUI 2018-06-28 0.710 --- 2018-05-22 2018-06-29 2018-07-16
SUI 2018-03-28 0.710 5.97% 2018-03-06 2018-03-29 2018-04-16
SUI 2017-12-28 0.670 --- 2017-12-11 2017-12-29 2018-01-16
SUI 2017-09-28 0.670 --- 2017-09-05 2017-09-29 2017-10-16
SUI 2017-06-28 0.670 --- 2017-05-22 2017-06-30 2017-07-17
SUI 2017-03-29 0.670 3.08% 2017-03-03 2017-03-31 2017-04-17

Earnings Press Releases


Below are the Earnings Press Releases for SUI. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q3 SUN COMMUNITIES, INC. REPORTS 2021 THIRD QUARTER RESULTS
2021 Q2 SUN COMMUNITIES, INC. REPORTS 2021 SECOND QUARTER RESULTS
2021 Q1 SUN COMMUNITIES, INC. REPORTS 2021 FIRST QUARTER RESULTS

Financial Statements Overview


The next Earnings Report for SUI is 2022-02-21

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 245,940,000 272,661,000 247,995,000 223,020,000
Receivables 256,924,000 262,333,000 249,009,000 221,650,000
Inventory 43,708,000 43,686,000 43,242,000 46,643,000
Current Assets 546,572,000 578,680,000 540,246,000 491,313,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 12,036,724,000 11,462,310,000 10,913,963,000 10,715,273,000
Property, Plant & Equipment Net 10,876,436,000 10,394,052,000 9,911,150,000 9,715,791,000
Goodwill 461,609,000 448,317,000 438,842,000 428,833,000
Intangible Assets 297,625,000 295,663,000 300,554,000 305,611,000
Other Assets 401,054,000 324,278,000 263,417,000 265,038,000
Net Tangible Assets 6,230,760,000 6,096,831,000 5,513,898,000 4,790,832,000
Total Assets 12,583,296,000 12,040,990,000 11,454,209,000 11,206,586,000
Accounts Payable 0 0 0 0
Liabilities (Other) 244,518,000 475,759,000 148,128,000 322,380,000
Current Liabilities (Other) 554,514,000 312,629,000 535,449,000 235,423,000
Total Current Liabilities 554,514,000 312,629,000 535,449,000 235,423,000
Current Long-term Debt 0 0 0 0
Long-term Debt 4,689,437,000 4,311,175,000 4,417,935,000 4,757,076,000
Total Liabilities 5,593,302,000 5,200,179,000 5,200,915,000 5,445,400,000
Minority Interest 104,833,000 100,616,000 99,403,000 130,521,000
Common Stock 115,136,000 112,082,000 107,932,000 104,273,000
Retained Earnings -1,475,634,000 -1,614,243,000 -1,631,044,000 -1,566,636,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 6,989,994,000 6,840,811,000 6,253,294,000 5,761,186,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 684,294,000 603,863,000 442,015,000 384,265,000
Cost of Revenue 56,567,000 58,763,000 41,590,000 36,434,000
Gross Profit 627,727,000 545,100,000 400,425,000 347,831,000
Research and Development 0 0 0 0
Selling General and Admin 43,276,000 45,127,000 38,203,000 31,795,000
Operating Expense 496,886,000 462,061,000 374,489,000 356,169,000
Operating Income 187,408,000 141,802,000 67,526,000 28,096,000
Income Expense Net (Other) 0 0 0 0
EBIT 188,370,000 142,596,000 68,697,000 28,488,000
Interest Income 40,073,000 38,722,000 40,553,000 36,060,000
Pretax Income 251,718,000 122,160,000 27,565,000 9,385,000
Income Tax 1,557,000 1,311,000 -376,000 -433,000
Minority Interest 15,290,000 7,044,000 295,000 -4,703,000
Net Income 231,770,000 110,770,000 24,782,000 6,791,000
Net Income Basic 231,770,000 110,770,000 24,782,000 6,791,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 231,770,000 110,770,000 24,782,000 6,791,000
Depreciation 0 92,969,500 92,969,500 371,878,000
Changes in Receivables 256,924,000 262,333,000 249,009,000 30,142,000
Changes in Inventories 43,708,000 43,686,000 43,242,000 -1,487,000
Cash Change 245,940,000 272,661,000 247,995,000 408,000
Cash Flow 185,302,000 250,218,000 220,490,000 548,948,000
Capital Expenditures -176,106,000 -148,451,000 -151,979,000 -538,523,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -497,666,000 -579,508,000 -285,978,000 -2,486,517,000
Dividends Paid 0 0 0 0
Net Borrowings 4,443,497,000 4,038,514,000 4,169,940,000 4,534,056,000
Cash Flow Financing 278,907,000 328,480,000 93,002,000 2,000,844,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Sun Communities, Inc.


Southfield, Michigan, April 27, 2017 - Sun Communities, Inc. (NYSE: SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities, today reported its first quarter results.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
3 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
6 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.6 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-19 - v2.9