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Sun Communities (SUI)

NYSE Real Estate Single-Family Residential REITs S&P MidCap 400
$120.30
-1.78 (-1.46%)
Close of Nov 06, 2026 · end-of-day data
Source: Sun Communities's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$833.78M$982.57M$1.13B$1.26B$1.40B$2.27B$2.97B$2.28B$2.26B$2.31B
Cost of revenue$80.42M$95.11M$123.33M$149.11M$147.10M$205.80M$311.20M———
Gross profit$753.36M$887.46M$1.00B$1.11B$1.25B$2.07B$2.66B———
Operating income$466.91M$550.95M————————
Interest expense$119.16M$127.13M$130.56M$133.15M$129.10M$158.60M$229.80M$325.70M$350.30M$221.00M
Pre-tax income$35.93M$72.70M$129.55M$139.86M$135.62M$284.85M—-$54.40M-$122.90M-$257.40M
Income tax$283.00K-$136.00K$88.00K$873.00K-$800.00K$1.30M$6.10M-$9.20M-$36.00M-$49.20M
Net income$26.32M$72.18M$107.23M$161.55M$131.61M$408.30M$261.40M-$206.90M$103.60M$1.41B
EBITDA$688.68M$812.48M————————
EPS (basic)$0.27$0.85$1.29$1.80$1.34$3.36$2.00$-1.71$0.71$10.84
EPS (diluted)$0.26$0.85$1.29$1.80$1.34$3.36$2.00$-1.72$0.71$10.84
Diluted shares66.32M76.71M82.04M88.92M97.50M115.10M122.90M123.80M127.20M124.90M
Gross margin90.4%90.3%89.1%88.2%89.5%90.9%89.5%———
Operating margin56.0%56.1%————————
Net margin3.2%7.3%9.5%12.8%9.4%18.0%8.8%-9.1%4.6%61.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$8.16M$10.13M$50.30M$22.10M$77.30M$65.80M$72.80M$29.20M$47.90M$569.60M
Goodwill———$0$428.80M$495.40M$1.02B$733.00M$9.50M$9.50M
Total assets$5.87B$6.11B$6.71B$7.80B$11.21B$13.49B$17.08B$16.94B$16.55B$12.52B
Long-term debt$3.09B$3.07B$3.12B$3.44M$6.60M$5.70M$7.24B$7.82B$7.39B—
Total debt$3.09B$3.07B$3.12B$3.44M$6.60M$5.70M$7.24B$7.82B$7.39B—
Total liabilities$3.44B$3.41B$3.48B$3.85B$5.31B$6.47B$8.99B$9.51B$9.10B$5.19B
Shareholders' equity$2.30B$2.60B$3.11B$3.82B$5.53B$6.62B$7.81B$7.08B$7.08B$6.96B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$241.46M$257.98M$363.11M$476.73M$543.30M$753.60M$734.90M$790.50M$861.00M$864.20M
Capital expenditures$223.43M$288.54M$389.40M$569.26M$538.50M$672.60M$921.00M$7.10M$30.20M$457.00M
Free cash flow$18.03M-$30.55M-$26.29M-$92.53M$4.80M$81.00M-$186.10M$783.40M$830.80M$407.20M
Investing cash flow-$1.61B-$401.64M-$733.74M-$1.01B-$2.49B-$2.34B-$3.06B-$919.50M-$267.40M$4.93B
Financing cash flow$1.34B$141.56M$409.90M$505.88M$2.00B$1.57B$2.35B$80.30M-$571.60M-$5.22B
Share buybacks———————$0$0$539.10M
Stock-based compensation$9.56M$12.70M$15.07M$17.48M$23.00M$28.00M$37.60M$35.10M$33.10M$37.40M
Depreciation & amortization$221.77M$261.54M$287.26M$328.07M$376.90M$522.70M$601.80M$494.10M$490.50M$507.90M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.