Sun Communities, Inc. (SUI) Stock Analysis
Real Estate · REIT - Residential · NYSE
Sun Communities, Inc. (SUI) posted $2.26B in revenue for fiscal 2025 (up 0.8% year over year), at a 60.3% net margin, and has compounded revenue about 10.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Sun Communities, Inc.
Sun Communities, Inc. has grown revenue from $833.78M to $2.26B over the last 10 fiscal years, compounding about 10.1% a year. The most recent year was up 0.8%, so growth has cooled from its longer-run pace.
Net margin sits at 60.3%, up 56.3 points year over year on a 52.3% gross margin. It carries about $4.26B of total debt.
At today's valuation the market is pricing in roughly 17.1% annual free-cash-flow growth — versus the 143.1% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven.
Synthesised from Sun Communities, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Sun Communities, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $833.78M | $982.57M | $1.13B | $1.26B | $1.40B | $2.27B | $2.93B | $2.24B | $2.24B | $2.26B |
| Gross profit | $753.36M | $887.46M | $1.00B | $1.11B | $1.25B | $2.07B | $1.42B | $1.17B | $1.17B | $1.18B |
| Net income | $26.32M | $72.18M | $107.23M | $161.55M | $131.61M | $408.30M | $242.00M | $-213.30M | $89.00M | $1.36B |
| Net margin | 3.2% | 7.3% | 9.5% | 12.8% | 9.4% | 18.0% | 8.2% | -9.5% | 4.0% | 60.3% |
Source: Sun Communities, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Sun Communities, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into SUI stock?
At today's market cap of $16.28B, Sun Communities, Inc. is priced for free-cash-flow growth of about 17.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $407.20M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 143.1%/yr over the last five fiscal years and revenue 10.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Sun Communities, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Sun Communities, Inc. financial history by metric
Compare Sun Communities, Inc. with peers
About Sun Communities, Inc.
Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange. As of March 31, 2026, the Company owned, operated, or had an interest in a portfolio of 515 developed MH, RV, and UK properties comprising approximately 179,300 developed sites in the U.S., Canada, and the U.K. Sun Communities, Inc. was incorporated in 1975 and is based in Southfield, United States.
Sun Communities, Inc. — frequently asked questions
What is Sun Communities, Inc.'s revenue?
Sun Communities, Inc. (SUI) reported revenue of $2.26B for fiscal year 2025, up 0.8% from the prior year, according to its SEC filings.
Is Sun Communities, Inc. profitable?
Yes. SUI earned net income of $1.36B in fiscal 2025, a net margin of 60.3%.
What is SUI's P/E ratio?
Sun Communities, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Sun Communities, Inc. growing?
SUI's revenue grew at roughly 10.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Sun Communities, Inc. have?
As of fiscal year 2025, SUI carried roughly $4.26B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Sun Communities, Inc.'s gross margin?
SUI's gross margin was 52.3% in fiscal 2025 — gross profit of $1.18B on revenue of $2.26B.
What is Sun Communities, Inc.'s market cap?
Sun Communities, Inc. (SUI) has a market capitalization of about $16.28B, based on the latest data in our nightly-refreshed cache.
When does Sun Communities, Inc.'s fiscal year end?
SUI's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into SUI stock?
At today's market cap of $16.28B, Sun Communities, Inc. is priced for free-cash-flow growth of about 17.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $407.20M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 143.1%/yr over the last five fiscal years and revenue 10.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Sun Communities, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.