SUI Real Estate

Sun Communities, Inc.

$115.30-1.29%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: REIT - Residential
Country: United States
Market cap: 14.6B USD
Enterprise value: 18.0B USD
Full-time employees: 3,607

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: less short-term liquidity (current ratio 0.60 vs a peer median of 1.20)less liquidity (current ratio 0.60 vs peers 1.20)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #558 of 632 real estate companies (bottom 12%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
Sun Communities made a loss per share in its latest year after a profit the year before.
Valuation signals disagree. Cheaper than 55% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 55% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), Sun Communities looks cheaper than 55% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Sun Communities looks cheaper than 55% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Sun Communities reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

28/ 100

Oct 5 28 → Nov 4 28

Valuation

Is the price right?

29/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yield5.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.15Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield3.2%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.76Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield39.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

25/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.05Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth-9.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.77Sector median: 0.0378 · MAD: 0.0744

Revenue growth11.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.92Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

20/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Turned to a loss over the last 12 months
Net margin fell 100.8 points to -39.0%

Why it changed since the Oct 27, 2026 close: Score 19 → 20

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin19.3%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.33Sector median: 0.2683 · MAD: 0.2257

Return on assets-8.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.97Sector median: 0.0211 · MAD: 0.0134

Return on invested capital4.5%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.58Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin53.7%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-16.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.77

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.06Sector median: 0.7490 · MAD: 0.3270

Current ratio0.60×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -0.83Sector median: 1.1950 · MAD: 0.7210

Debt / equity0.73×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.19Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Sun Communities

Is Sun Communities getting weaker?: Its latest SEC filing (Jul 28, 2026) got weaker in some ways: turned to a loss over the last 12 months; net margin fell 100.8 points to -39.0%. Its overall score is unchanged at 28/100 since Oct 28, 2026.
How is Sun Communities valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 29/100 against 762 real estate peers. Earnings yield -6.5% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -6.5% vs peers 5.3% (weaker than 100% of peers).
Is Sun Communities growing?: More slowly than most of its peers. Growth scores 25/100 against 762 real estate peers. Revenue growth 11.5% vs a peer median of 3.0% (stronger than 75% of peers).Revenue growth 11.5% vs peers 3.0% (stronger than 75% of peers). 3-year revenue growth -9.4% vs a peer median of 3.8% (weaker than 82% of peers).3-year revenue growth -9.4% vs peers 3.8% (weaker than 82% of peers).
How profitable is Sun Communities?: Less profitable than most of its peers. Profitability scores 20/100 against 762 real estate peers. Return on invested capital 4.5% vs a peer median of 3.4% (stronger than 67% of peers).Return on invested capital 4.5% vs peers 3.4% (stronger than 67% of peers). Return on assets -8.3% vs a peer median of 2.1% (weaker than 100% of peers).Return on assets -8.3% vs peers 2.1% (weaker than 100% of peers).
How risky is Sun Communities?: Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 0.60× vs a peer median of 1.20× (weaker than 74% of peers).Current ratio 0.60× vs peers 1.20× (weaker than 74% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 28, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Turned to a loss over the last 12 months
Net margin fell 100.8 points to -39.0%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.3B USD	2.3B USD	−0.8%
Net income (12 months)	1.4B USD	−906.0M USD	turned negative
Cash	497.0M USD	165.2M USD	−66.8%
Shares outstanding	123.2M	121.8M	−1.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Residential companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	90.9%	89.5%	—	—	—	—
Operating margin	13.1%	—	-2.1%	-5.1%	-17.0%	▼ 12 pts
Net margin	18.0%	8.8%	-9.1%	4.6%	61.3%	▲ 57 pts
Return on assets (ROA)	3.0%	1.5%	-1.2%	0.6%	11.3%	▲ 11 pts
Return on equity (ROE)	6.2%	3.3%	-2.9%	1.5%	20.3%	▲ 19 pts
Free cash flow margin	3.6%	-6.3%	34.3%	36.8%	17.7%	▼ 19 pts
Debt to equity	0.86×	0.93×	1.10×	1.04×	—	—
Interest coverage	1.87×	—	-0.14×	-0.33×	-1.77×	▼ 434%

SUI price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: less short-term liquidity (current ratio 0.60 vs a peer median of 1.20)less liquidity (current ratio 0.60 vs peers 1.20)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #558 of 632 real estate companies (bottom 12%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

Sun Communities made a loss per share in its latest year after a profit the year before.

Valuation signals disagree. Cheaper than 55% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 55% of peers on operating cash profit, but only 0% on earnings.

Relative to its operating cash profit (EBITDA), Sun Communities looks cheaper than 55% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Sun Communities looks cheaper than 55% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Sun Communities reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about Sun Communities

Is Sun Communities getting weaker?

Its latest SEC filing (Jul 28, 2026) got weaker in some ways: turned to a loss over the last 12 months; net margin fell 100.8 points to -39.0%. Its overall score is unchanged at 28/100 since Oct 28, 2026.

How is Sun Communities valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 29/100 against 762 real estate peers. Earnings yield -6.5% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -6.5% vs peers 5.3% (weaker than 100% of peers).

Is Sun Communities growing?

More slowly than most of its peers. Growth scores 25/100 against 762 real estate peers. Revenue growth 11.5% vs a peer median of 3.0% (stronger than 75% of peers).Revenue growth 11.5% vs peers 3.0% (stronger than 75% of peers). 3-year revenue growth -9.4% vs a peer median of 3.8% (weaker than 82% of peers).3-year revenue growth -9.4% vs peers 3.8% (weaker than 82% of peers).

How profitable is Sun Communities?

Less profitable than most of its peers. Profitability scores 20/100 against 762 real estate peers. Return on invested capital 4.5% vs a peer median of 3.4% (stronger than 67% of peers).Return on invested capital 4.5% vs peers 3.4% (stronger than 67% of peers). Return on assets -8.3% vs a peer median of 2.1% (weaker than 100% of peers).Return on assets -8.3% vs peers 2.1% (weaker than 100% of peers).

How risky is Sun Communities?

Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 0.60× vs a peer median of 1.20× (weaker than 74% of peers).Current ratio 0.60× vs peers 1.20× (weaker than 74% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.3B USD

2.3B USD

−0.8%

Net income (12 months)

1.4B USD

−906.0M USD

turned negative

Cash

497.0M USD

165.2M USD

−66.8%

Shares outstanding

123.2M

121.8M

−1.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

90.9%

89.5%

—

Operating margin

13.1%

—

-2.1%

-5.1%

-17.0%

▼ 12 pts

Net margin

18.0%

8.8%

-9.1%

4.6%

61.3%

▲ 57 pts

Return on assets (ROA)

3.0%

1.5%

-1.2%

0.6%

11.3%

▲ 11 pts

Return on equity (ROE)

6.2%

3.3%

-2.9%

1.5%

20.3%

▲ 19 pts

Free cash flow margin

3.6%

-6.3%

34.3%

36.8%

17.7%

▼ 19 pts

Debt to equity

0.86×

0.93×

1.10×

1.04×

—

Interest coverage

1.87×

—

-0.14×

-0.33×

-1.77×

▼ 434%