Sun Communities, Inc. (SUI) AI Stock Analysis

Sun Communities, Inc. operates as a Real Estate Investment Trust specializing in manufactured housing communities, recreational vehicle parks, and marinas. As of March 31, 2022, the company owned, operated, or held interests in 603 developed properties comprising nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces. Its portfolio spans 39 states across the United States, as well as Canada, Puerto Rico, and the United Kingdom. Headquartered in the United States, Sun Communities leverages its property management and development capabilities to provide residential and recreational accommodations while expanding in key real estate markets.

Sun Communities delivered a 5-year revenue compound annual growth rate of 10.8% from FY2020 to FY2025. Annual revenue expanded from $2.26B in FY2021 to $2.93B in FY2022, $3.18B in FY2023, and $3.20B in FY2024. In FY2025, revenue declined 27.9% to $2.31B, and gross margin fell to 9.3%, though net income reached $1.37B with a net margin of 59.6% and diluted EPS of $3.35. For the trailing twelve months ended June 30, 2026, revenue stood at $2.33B with an operating margin of 23.2% and a profit margin of -37.4%. In the latest quarter ended June 30, 2026, quarterly revenue grew 0.2% year-over-year, while quarterly earnings fell 97.1%.

As of June 30, 2026, Sun Communities held $165.2M in cash and short-term investments alongside total debt of $4.05B, resulting in net debt of $3.89B. Shareholders' equity was $5.52B, corresponding to a debt-to-equity ratio of 0.73, while total assets stood at $10.87B with a current ratio of 3.77. In FY2025, the company generated $864.2M in operating cash flow and free cash flow. Capital expenditures totaled $461.7M, share buybacks absorbed $539.1M, and dividends paid reached $1.04B.

At a closing price of $118.08, Sun Communities has a market capitalization of $14.92B and an enterprise value of $17.74B. Its trailing P/E ratio is 89.5x and forward P/E is 33.8x, compared to medians of 21.6x and 23.5x for its US-listed Real Estate peers. The stock trades at an EV/EBITDA of 23.7x versus the peer median of 14.7x, and a price-to-sales ratio of 6.5x versus 3.7x. Over the past year, the shares returned -1.0% against a 16.8% gain for the S&P 500, and returned -27.5% over five years compared to an 83.0% return for the index.

Sun Communities pays a quarterly dividend with an annualized forward rate of $4.48, generating a dividend yield of 3.79%. Its payout ratio is 90.3%, and the company has maintained 34 consecutive years of dividend payments. Over the past five years, dividend growth annualized at 20.6%. The most recent ex-dividend date was September 30, 2026.

Wall Street coverage consists of 9 Strong Buy, 5 Buy, and 5 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $136.84, which sits 15.9% above the last close of $118.08. For the fiscal year ending December 31, 2026, analysts estimate EPS of $2.33 on revenue of $2.04B. Sun Communities has exceeded EPS expectations in 3 of the last 4 quarters, and its next earnings release is scheduled for November 4, 2026.

This page is an AI-written research summary of Sun Communities, Inc. (SUI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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