Sun Communities Inc (SUI) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Sun Communities reported revenue of $2.31B, down 28.4% from $3.22B the year before. Net income was $1.41B (a 61.3% net margin), or $10.84 per diluted share. Gross margin was -9.9% and operating margin was 50.2%. Operating activities generated $864.2M of cash, leaving $407.2M of free cash flow. At fiscal year end, Sun Communities held $12.52B in total assets against $5.19B in total liabilities, including $569.6M of cash and equivalents.
Open the full interactive Sun Communities financials → Quarterly statements, key ratios, valuation history and price charts.
Sun Communities Key Stats
| Share Price | $112.95 |
|---|---|
| Market Cap | $14.34B |
| P/E Ratio | 10.4 |
| Revenue YoY Growth | -28.4% |
| 52-Week Range | $110.00 – $133.36 |
| Shares Outstanding | 122.5 million (basic, 2026 Q2) |
Sun Communities Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.40B | $2.27B | $2.97B | $3.22B | $3.22B | $2.31B |
| Cost of Goods Sold | $131.9M | $205.8M | $311.2M | $3.33B | $3.31B | $2.53B |
| Gross Profit | $1.27B | $2.07B | $2.66B | -$109.8M | -$88.2M | -$228.2M |
| Operating Income | $772.1M | $1.12B | $1.38B | $1.43B | $1.46B | $1.16B |
| Pre-Tax Income | $133.8M | $284.9M | $259.1M | -$215.3M | $68.3M | -$257.4M |
| Income Tax | -$775,000 | $1.3M | $6.1M | -$8.4M | -$35.3M | -$49.2M |
| Net Income | $131.6M | $435.2M | $253.0M | -$206.9M | $103.6M | $1.41B |
| Diluted EPS | $1.34 | $3.36 | $2.00 | -$1.72 | $0.71 | $10.84 |
Sun Communities Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $697.2M | $515.2M | $507.9M | $484.6M |
| Net Income | $12.1M | $128.9M | -$6.4M | -$1.02B |
| Diluted EPS | $0.07 | $1.03 | -$0.07 | -$8.08 |
Sun Communities Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $83.0M | $65.8M | $72.8M | $29.2M | $47.4M | $569.6M |
| Total Assets | $11.21B | $13.49B | $17.08B | $16.94B | $16.55B | $12.52B |
| Total Long-Term Debt | $4.8M | $5.67B | $7.24B | $7.82B | $7.39B | $2.47B |
| Total Liabilities | $5.31B | $6.47B | $8.99B | $9.51B | $9.10B | $5.19B |
| Shareholders' Equity | $5.53B | $6.62B | $7.81B | $7.08B | $7.08B | $6.96B |
Sun Communities Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $548.9M | $753.6M | $734.9M | $790.5M | $861.0M | $864.2M |
| Cash From Investing | -$2.49B | -$2.34B | -$3.06B | -$919.5M | -$267.4M | $4.93B |
| Cash From Financing | $2.00B | $1.57B | $2.35B | $80.3M | -$571.6M | -$5.22B |
| Free Cash Flow | — | — | — | $783.4M | $830.8M | $407.2M |
Figures from Sun Communities' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sun Communities financials page for every line item.
Sun Communities Company Profile
| Ticker | SUI |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Southfield, Michigan |
| Incorporated in | Maryland |
| Fiscal Year End | May 13 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000912593 |
Frequently Asked Questions
What was Sun Communities' revenue in fiscal 2025?
Sun Communities (SUI) reported revenue of $2.31B for fiscal 2025.
What is Sun Communities' annual revenue history?
Sun Communities' annual revenue by fiscal year: 2020: $1.40B; 2021: $2.27B; 2022: $2.97B; 2023: $3.22B; 2024: $3.22B; 2025: $2.31B.
What was Sun Communities' net income in fiscal 2025?
Sun Communities reported net income of $1.41B for fiscal 2025.
What was Sun Communities' earnings per share (EPS) in fiscal 2025?
Sun Communities' diluted EPS was $10.84 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Sun Communities generate in fiscal 2025?
Sun Communities generated $407.2M of free cash flow in fiscal 2025.
What was Sun Communities' revenue last quarter?
In its most recent reported quarter (2026 Q2), Sun Communities reported revenue of $484.6M.
How much debt does Sun Communities have?
Sun Communities reported $2.47B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sun Communities are outstanding?
Sun Communities reported a weighted average of 122.5 million basic shares outstanding in 2026 Q2.
What is Sun Communities' market cap?
Based on its latest closing price, Sun Communities (SUI) has a market capitalization of about $14.34B.
When does Sun Communities' fiscal year end?
Sun Communities' fiscal year end, as registered with the SEC, is May 13.
Where is Sun Communities headquartered?
Sun Communities lists its business address in Southfield, Michigan in its SEC filings.