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Owns and operates manufactured-home communities, RV resorts and marinas across the US, UK and Canada.
Owns and operates manufactured-home communities, RV resorts and marinas across the US, UK and Canada.
Residents typically own their homes and rent the land beneath them, so income is steady annual site rent with set increases, while RV and marina income is more seasonal and tied to travel. Buying Safe Harbor Marinas in 2020 and Park Holidays UK in 2022 widened it beyond US communities.
Moat: narrow (scale, installed base). Land-lease communities with high resident retention and limited new-supply competition due to zoning restrictions.
Headquarters: Southfield, Michigan, United States · Founded: 1975 · Employees: 3,614
Size Sun Communities (SUI) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $14.4B, the 617th largest of 3,117 United States companies the cockpit tracks. Shares closed at $120.30 on 6 Nov 2026.
Performance Over six months the shares fell 4.5%, against +0.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 18.9% over the last twelve months (peer median +4.5%); the operating margin is 1.7% (peer median 33.0%).
Valuation It trades at 2.76× book value against a peer median of 1.79× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 18.4%; Sun Communities delivers 5.3%, so the price asks more than the business earns today.
Credit Sun Communities has 3 bonds outstanding ($1.80B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 86 bp.
Short interest Short interest is 5.5% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.07B | $2.32B | $2.28B | $3.24B | $2.97B |
| Revenue growth | — | +2% | -30% | +9% | — |
| Gross profit | $272M | $738M | $719M | $891M | $850M |
| EBITDA | $916M | $1.01B | $949M | $1.15B | $1.14B |
| Net income | -$744M | $1.37B | $101M | -$199M | $252M |
| Free cash flow | $452M | $403M | $391M | -$195M | -$169M |
| Capital expenditure | $403M | $461M | $470M | $1.00B | $921M |
| Total debt | $3.80B | $4.31B | $7.40B | $7.95B | $7.37B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sun Communities SUI | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% |
| Equity LifeStyle Properties ELS | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% |
| American Homes 4 Rent AMH | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% |
| UMH Properties UMH | $1.28B | -6% | +9% | 3% | 2.37× | 18.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.6% | +6.0% | 10th highest of 21 |
| 6-month return | -4.5% | +0.6% | 6th lowest of 21 |
| Return on equity | 5.3% | 7.3% | 6th lowest of 21 |
| Price / book | 2.76× | 1.79× | 5th most expensive of 21 |
| ROE the price implies | 18.4% | 14.9% | 6th most demanding of 21 |
| ROE delivered | 5.3% | 7.3% | 6th lowest of 21 |
| Bond spread | 86 bp | 93 bp | 7th tightest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| Lamar Advertising LAMR | United States | $15.8B | -1% | +4% | 59% | 16.13× | 134.1% | 58.9% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| SEGRO SGRO.L | United Kingdom | $16.6B | +33% | +7% | 2% | 1.03× | 14.8% | 2.5% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| Host Hotels & Resorts HST | United States | $16.9B | +15% | +5% | 16% | 2.64× | 22.6% | 15.8% |
| Kimco Realty KIM | United States | $17.0B | +10% | +3% | 7% | 1.67× | 13.9% | 7.2% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
| Essex Property Trust ESS | United States | $17.5B | +4% | +5% | 6% | 3.30× | 20.8% | 6.4% |
Sun Communities has 3 bonds outstanding with $1.80B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.43%, a spread of 86 bp over government bonds.