Grufity logoGrufity logo

Sun Communities Inc Stock Research

SUI

135.69USD-2.57(-1.86%)Delayed

Market Summary

USD135.69-2.57
Delayed
-1.86%

SUI Alerts

SUI Stock Price

SUI RSI Chart

SUI Valuation

Market Cap

16.8B

Price/Earnings (Trailing)

63.78

Price/Sales (Trailing)

5.67

EV/EBITDA

14.46

Price/Free Cashflow

22.9

SUI Price/Sales (Trailing)

SUI Profitability

EBT Margin

10.86%

Return on Equity

3.38%

Return on Assets

1.54%

Free Cashflow Yield

4.37%

SUI Fundamentals

SUI Revenue

Revenue (TTM)

3.0B

Revenue Y/Y

24.32%

Revenue Q/Q

-27.7%

SUI Earnings

Earnings (TTM)

263.8M

Earnings Y/Y

-43.01%

Earnings Q/Q

-83.7%

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

Debt/Equity

8e-4

Debt/Cashflow

136.8

SUI Investor Care

Dividend Yield

2.72%

Dividend/Share (TTM)

3.28

Shares Dilution (1Y)

6.90%

Diluted EPS (TTM)

2

Peers (Alternatives to Sun Communities)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
22.3B
2.7B
-9.31% -29.65%
28.69
8.21
11.91% -41.71%
21.2B
2.6B
-23.98% -31.95%
40.62
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -13.87%
104.43
7.61
26.61% -85.07%
MID-CAP
7.7B
1.1B
-13.38% -14.77%
20.08
7.2
12.95% 47.42%
4.3B
802.0M
-9.03% -5.22%
-341.02
5.37
114.83% 84.36%
2.9B
1.8B
-31.59% -62.57%
-8.47
1.63
13.26% -296.88%
2.1B
859.2M
-25.44% -29.31%
-31.63
2.43
1.38% -563.21%
SMALL-CAP
1.9B
421.4M
-3.41% 12.84%
22.56
4.55
3.35% 1705.32%
1.7B
826.7M
-30.54% -63.53%
-22.04
2.08
-2.04% -117.36%
1.0B
190.3M
-7.76% -1.93%
11.27
5.46
12.08% 1950.56%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue6.2%2,9702,7952,6212,4472,273
  S&GA Expenses6.3%257242216199181
Costs and Expenses5.8%2,6612,5152,2892,0921,988
EBITDA3.2%1,1571,1221,052999-
EBITDA Margin-2.9%0.39*0.40*0.41*0.42*-
Earnings Before Taxes7.5%323300288285-
EBT Margin-5.9%0.11*0.12*0.12*0.12*-
Interest Expenses12.3%230205182164159
Net Income-7.0%264284353390414
Net Income Margin-12.4%0.09*0.10*0.14*0.16*-
Free Cahsflow-2.3%735752780759-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.6%17,08416,48516,39813,91413,494
    Cash Equivalents-19.3%90.0011218510378.00
  Goodwill3.8%1,018982495--
Liabilities7.6%8,9938,3558,5666,9816,475
  Long Term Debt-6.00----
Shareholder's Equity-0.4%7,8107,8397,4476,5426,624
  Additional Paid-In Capital0.1%9,5509,5369,1598,1698,176
Shares Outstanding0.1%124124122116116
Minority Interest-6.8%79.0084.0091.00108107
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-2.3%735752780759754
  Share Based Compensation34.3%38.0028.00---
Cashflow From Investing17.6%-3,062-3,715-3,948-2,536-2,338
Cashflow From Financing-21.7%2,3493,0013,2411,7601,570

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 ascendingFund NameType% 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
-%

1–10 of 48

Latest Funds Activity

Are funds buying SUI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SUI
No. of Funds

Sun Communities News

Seeking Alpha

Residential REITs: Stability In An Unstable World.

Seeking Alpha,
4 hours ago

DirectorsTalk Interviews

Yahoo Finance

Seeking Alpha

Seeking Alpha

The Millionaire Mindset.

Seeking Alpha,
14 days ago

Seeking Alpha

Warm Winter For Global Economy.

Seeking Alpha,
15 days ago

Seeking Alpha

Seeking Alpha

Avoid The 3 Ts And Get 3 Zs.

Seeking Alpha,
18 days ago

Seeking Alpha

Winners Of REIT Earnings Season.

Seeking Alpha,
20 days ago

InvestorsObserver

Schedule 13G FIlings of Sun Communities

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Gary A. Shiffman
5960
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

2022-12-31
Consolidated 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 sales465.8280.2175.7
Service, retail, dining and entertainment531.6351.865.2
Interest35.212.210.1
Brokerage commissions and other, net34.930.217.2
Total Revenues2,969.72,272.61,398.3
Expenses   
Property operating and maintenance624.6500.8336.2
Real estate tax110.694.872.6
Home costs and selling311.2205.8147.1
Service, retail, dining and entertainment472.7307.958.0
General and administrative256.8181.3109.5
Catastrophic event-related charges, net17.52.20.9
Business combinations24.71.423.0
Depreciation and amortization604.8522.7376.9
Loss on Extinguishment of Debt(4.4)(8.1)(5.2)
Interest229.8158.6129.1
Interest on mandatorily redeemable preferred OP units / equity4.24.24.2
Total Expenses2,661.31,987.81,262.7
Income Before Other Items308.4284.8135.6
Gain / (loss) on remeasurement of marketable securities(53.4)33.56.1
Gain / (loss) on foreign currency exchanges5.4(3.7)7.7
Gain on dispositions of properties12.2108.15.6
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 affiliates2.94.01.7
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 Income263.8413.8147.4
Less: Preferred return to preferred OP units / equity interests11.012.16.9
Less: Income attributable to noncontrolling interests10.821.58.9
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)120.2112.697.5
Weighted average common shares outstanding - diluted (in shares)122.9115.197.5
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

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Land$ 4,322.3$ 2,556.3
Land improvements and buildings10,903.49,958.3
Rental homes and improvements645.2591.7
Furniture, fixtures and equipment839.0656.4
Investment property16,709.913,762.7
Accumulated depreciation(2,738.9)(2,337.2)
Investment property, net13,971.011,425.5
Cash, cash equivalents and restricted cash90.478.2
Marketable securities127.3186.9
Inventory of manufactured homes202.751.1
Notes and other receivables, net617.3469.6
Goodwill1,018.4495.4
Other intangible assets, net402.0306.8
Other assets, net655.1480.6
Total Assets17,084.213,494.1
Liabilities  
Secured debt3,217.83,380.7
Unsecured debt3,979.42,291.1
Distributions payable111.398.4
Advanced reservation deposits and rent352.1242.8
Accrued expenses and accounts payable396.3237.5
Other liabilities935.9224.1
Total Liabilities8,992.86,474.6
Temporary equity202.9288.9
Shareholders' Equity  
Common stock1.21.2
Additional paid-in capital9,549.78,175.6
Accumulated other comprehensive income / (loss)(9.9)3.1
Distributions in excess of accumulated earnings(1,731.2)(1,556.0)
Total SUI shareholders' equity7,809.86,623.9
Noncontrolling interests  
Common and preferred OP units78.786.8
Consolidated entities0.019.9
Total noncontrolling interests78.7106.7
Total Shareholders' Equity7,888.56,730.6
Total Liabilities, Temporary Equity and Shareholders' Equity$ 17,084.2$ 13,494.1