Market Summary
USD135.69-2.57
Delayed-1.86%
SUI Stock Price
SUI RSI Chart
SUI Valuation
SUI Price/Sales (Trailing)
SUI Profitability
SUI Fundamentals
SUI Revenue
SUI Earnings
Price Action
52 Week Range
117.63191.41
(Low)(High)
Last 7 days
-2.1%
Last 30 days
-12.4%
Last 90 days
-3.4%
Trailing 12 Months
-18.5%
SUI Financial Health
SUI Investor Care
Peers (Alternatives to Sun Communities)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 983.2M | 740.4M | -22.73% | -54.50% | -27.01 | 1.33 | 1.87% | -78.85% |
Financials for Sun Communities
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 6.2% | 2,970 | 2,795 | 2,621 | 2,447 | 2,273 |
| S&GA Expenses | 6.3% | 257 | 242 | 216 | 199 | 181 |
| Costs and Expenses | 5.8% | 2,661 | 2,515 | 2,289 | 2,092 | 1,988 |
| EBITDA | 3.2% | 1,157 | 1,122 | 1,052 | 999 | - |
| EBITDA Margin | -2.9% | 0.39* | 0.40* | 0.41* | 0.42* | - |
| Earnings Before Taxes | 7.5% | 323 | 300 | 288 | 285 | - |
| EBT Margin | -5.9% | 0.11* | 0.12* | 0.12* | 0.12* | - |
| Interest Expenses | 12.3% | 230 | 205 | 182 | 164 | 159 |
| Net Income | -7.0% | 264 | 284 | 353 | 390 | 414 |
| Net Income Margin | -12.4% | 0.09* | 0.10* | 0.14* | 0.16* | - |
| Free Cahsflow | -2.3% | 735 | 752 | 780 | 759 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.6% | 17,084 | 16,485 | 16,398 | 13,914 | 13,494 |
| Cash Equivalents | -19.3% | 90.00 | 112 | 185 | 103 | 78.00 |
| Goodwill | 3.8% | 1,018 | 982 | 495 | - | - |
| Liabilities | 7.6% | 8,993 | 8,355 | 8,566 | 6,981 | 6,475 |
| Long Term Debt | - | 6.00 | - | - | - | - |
| Shareholder's Equity | -0.4% | 7,810 | 7,839 | 7,447 | 6,542 | 6,624 |
| Additional Paid-In Capital | 0.1% | 9,550 | 9,536 | 9,159 | 8,169 | 8,176 |
| Shares Outstanding | 0.1% | 124 | 124 | 122 | 116 | 116 |
| Minority Interest | -6.8% | 79.00 | 84.00 | 91.00 | 108 | 107 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -2.3% | 735 | 752 | 780 | 759 | 754 |
| Share Based Compensation | 34.3% | 38.00 | 28.00 | - | - | - |
| Cashflow From Investing | 17.6% | -3,062 | -3,715 | -3,948 | -2,536 | -2,338 |
| Cashflow From Financing | -21.7% | 2,349 | 3,001 | 3,241 | 1,760 | 1,570 |
Risks for SUI
What is the probability of a big loss on SUI?
37.3%
Probability that Sun Communities stock will be more than 20% underwater in next one year
28.9%
Probability that Sun Communities stock will be more than 30% underwater in next one year.
4.2%
Probability that Sun Communities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does SUI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Sun Communities was unfortunately bought at previous high price.
Drawdowns
Returns for SUI
Cumulative Returns on SUI
15.1%
10-Year Cumulative Returns
13.0%
7-Year Cumulative Returns
11.3%
5-Year Cumulative Returns
-0.4%
3-Year Cumulative Returns
What are the long-term rolling returns for SUI?
FIve years rolling returns for Sun Communities.
Annualized Returns
Which funds bought or sold SUI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -12.82 | -18,813 | 216,187 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.9 | 2,769,620 | 61,533,600 | 0.07% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -5.27 | 2,000 | 1,401,000 | 0.01% |
2023-02-28 | Voya Investment Management LLC | unchanged | - | 121,551 | 2,267,550 | -% |
2023-02-24 | National Pension Service | added | 13.84 | 4,262,750 | 24,176,700 | 0.05% |
2023-02-24 | NATIXIS | new | - | 5,648,500 | 5,648,500 | 0.03% |
2023-02-22 | CVA Family Office, LLC | reduced | -55.32 | -16,985 | 15,015 | -% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -12.69 | -5,271,760 | 59,972,200 | 0.07% |
2023-02-21 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | reduced | -1.74 | 11,981,900 | 325,119,000 | 3.79% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 51.65 | 54,288 | 144,288 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Sun Communities News
Schedule 13G FIlings of Sun Communities
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | cohen & steers, inc. | 8.17% | 10,120,389 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 14.30% | 17,710,919 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.6% | 10,662,978 | SC 13G/A | |
| Feb 14, 2022 | cohen & steers, inc. | 5.46% | 6,526,603 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 13.89% | 16,588,563 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 9.1% | 10,530,070 | SC 13G/A | |
| Feb 16, 2021 | cohen & steers, inc. | 6.42% | 6,910,632 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 13.49% | 14,513,010 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 9.6% | 9,473,372 | SC 13G/A | |
| Feb 14, 2020 | cohen & steers, inc. | 2.13% | 1,974,119 | SC 13G/A |
SUI Fair Value
Sun Communities fair value in different scenarios
The table shows the Fair Value estimates for Sun Communities for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 92.67 -31.70% | 120.13 -11.47% | 178.53 31.57% | 308.54 127.39% | 537.75 296.31% |
| Current Inflation | 85.28 -37.15% | 108.56 -19.99% | 157.53 16.10% | 266.66 96.52% | 459.18 238.40% |
| Very High Inflation | 76.25 -43.81% | 94.74 -30.18% | 133.07 -1.93% | 218.73 61.20% | 369.96 172.65% |
Historical Sun Communities Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Sun Communities
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | PRE 14A | PRE 14A | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 8-K | Current Report | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for SUI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | Farrugia Marc | sold (taxes) | -1,311 | 145 | -9.00 | evp & chief admin. officer |
2023-03-06 | Farrugia Marc | sold (taxes) | -90,948 | 145 | -624 | evp & chief admin. officer |
2023-03-06 | Castro-Caratini Fernando | sold (taxes) | -65,733 | 145 | -451 | evp, cfo, sec. & treas. |
2023-03-03 | Farrugia Marc | sold (taxes) | -1,312 | 145 | -9.00 | evp & chief admin. officer |
2023-03-03 | Thelen Bruce | sold (taxes) | -67,942 | 145 | -466 | evp, coo |
2023-03-03 | Castro-Caratini Fernando | sold (taxes) | -43,740 | 145 | -300 | evp, cfo, sec. & treas. |
2023-03-03 | Farrugia Marc | sold (taxes) | -48,405 | 145 | -332 | evp & chief admin. officer |
2023-02-27 | LEWIS CLUNET R | sold | -222,765 | 148 | -1,500 | - |
2023-02-24 | Underwood Baxter | sold (taxes) | -35,611 | 146 | -243 | ceo - safe harbor marinas, llc |
2023-02-24 | Farrugia Marc | sold (taxes) | -1,025 | 146 | -7.00 | evp & chief admin. officer |
Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.
SUI Income Statement
2022-12-31Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | |||
| Real property | $ 1,902.2 | $ 1,598.2 | $ 1,130.1 |
| Home sales | 465.8 | 280.2 | 175.7 |
| Service, retail, dining and entertainment | 531.6 | 351.8 | 65.2 |
| Interest | 35.2 | 12.2 | 10.1 |
| Brokerage commissions and other, net | 34.9 | 30.2 | 17.2 |
| Total Revenues | 2,969.7 | 2,272.6 | 1,398.3 |
| Expenses | |||
| Property operating and maintenance | 624.6 | 500.8 | 336.2 |
| Real estate tax | 110.6 | 94.8 | 72.6 |
| Home costs and selling | 311.2 | 205.8 | 147.1 |
| Service, retail, dining and entertainment | 472.7 | 307.9 | 58.0 |
| General and administrative | 256.8 | 181.3 | 109.5 |
| Catastrophic event-related charges, net | 17.5 | 2.2 | 0.9 |
| Business combinations | 24.7 | 1.4 | 23.0 |
| Depreciation and amortization | 604.8 | 522.7 | 376.9 |
| Loss on Extinguishment of Debt | (4.4) | (8.1) | (5.2) |
| Interest | 229.8 | 158.6 | 129.1 |
| Interest on mandatorily redeemable preferred OP units / equity | 4.2 | 4.2 | 4.2 |
| Total Expenses | 2,661.3 | 1,987.8 | 1,262.7 |
| Income Before Other Items | 308.4 | 284.8 | 135.6 |
| Gain / (loss) on remeasurement of marketable securities | (53.4) | 33.5 | 6.1 |
| Gain / (loss) on foreign currency exchanges | 5.4 | (3.7) | 7.7 |
| Gain on dispositions of properties | 12.2 | 108.1 | 5.6 |
| Other expense, net | (2.1) | (12.1) | (5.2) |
| Gain / (loss) on remeasurement of notes receivable | (0.8) | 0.7 | (3.3) |
| Income from nonconsolidated affiliates | 2.9 | 4.0 | 1.7 |
| Loss on remeasurement of investment in nonconsolidated affiliates | (2.7) | (0.2) | (1.6) |
| Current tax expense | (10.3) | (1.2) | (0.8) |
| Deferred tax benefit / (expense) | 4.2 | (0.1) | 1.6 |
| Net Income | 263.8 | 413.8 | 147.4 |
| Less: Preferred return to preferred OP units / equity interests | 11.0 | 12.1 | 6.9 |
| Less: Income attributable to noncontrolling interests | 10.8 | 21.5 | 8.9 |
| Net Income Attributable to SUI Common Shareholders | $ 242.0 | $ 380.2 | $ 131.6 |
| Weighted average common shares outstanding: | |||
| Weighted average common shares outstanding - basic (in shares) | 120.2 | 112.6 | 97.5 |
| Weighted average common shares outstanding - diluted (in shares) | 122.9 | 115.1 | 97.5 |
| Earnings (loss) per share: | |||
| Basic earnings per share (in USD per share) | $ 2.00 | $ 3.36 | $ 1.34 |
| Diluted earnings per share (in USD per share) | $ 2.00 | $ 3.36 | $ 1.34 |
SUI Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Land | $ 4,322.3 | $ 2,556.3 |
| Land improvements and buildings | 10,903.4 | 9,958.3 |
| Rental homes and improvements | 645.2 | 591.7 |
| Furniture, fixtures and equipment | 839.0 | 656.4 |
| Investment property | 16,709.9 | 13,762.7 |
| Accumulated depreciation | (2,738.9) | (2,337.2) |
| Investment property, net | 13,971.0 | 11,425.5 |
| Cash, cash equivalents and restricted cash | 90.4 | 78.2 |
| Marketable securities | 127.3 | 186.9 |
| Inventory of manufactured homes | 202.7 | 51.1 |
| Notes and other receivables, net | 617.3 | 469.6 |
| Goodwill | 1,018.4 | 495.4 |
| Other intangible assets, net | 402.0 | 306.8 |
| Other assets, net | 655.1 | 480.6 |
| Total Assets | 17,084.2 | 13,494.1 |
| Liabilities | ||
| Secured debt | 3,217.8 | 3,380.7 |
| Unsecured debt | 3,979.4 | 2,291.1 |
| Distributions payable | 111.3 | 98.4 |
| Advanced reservation deposits and rent | 352.1 | 242.8 |
| Accrued expenses and accounts payable | 396.3 | 237.5 |
| Other liabilities | 935.9 | 224.1 |
| Total Liabilities | 8,992.8 | 6,474.6 |
| Temporary equity | 202.9 | 288.9 |
| Shareholders' Equity | ||
| Common stock | 1.2 | 1.2 |
| Additional paid-in capital | 9,549.7 | 8,175.6 |
| Accumulated other comprehensive income / (loss) | (9.9) | 3.1 |
| Distributions in excess of accumulated earnings | (1,731.2) | (1,556.0) |
| Total SUI shareholders' equity | 7,809.8 | 6,623.9 |
| Noncontrolling interests | ||
| Common and preferred OP units | 78.7 | 86.8 |
| Consolidated entities | 0.0 | 19.9 |
| Total noncontrolling interests | 78.7 | 106.7 |
| Total Shareholders' Equity | 7,888.5 | 6,730.6 |
| Total Liabilities, Temporary Equity and Shareholders' Equity | $ 17,084.2 | $ 13,494.1 |