Company research
SUN COMMUNITIES INC
CIK 912593Updated Sep 27, 2026
SecuritySUI · NYSE · equity
SUI price & chart
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NYSE:SUI on TradingView ↗In the news
Robert A. Garechana Appointed Chief Financial Officer ↗
Reddit Set to Join S&P 500 and Sun Communities to Join S&P MidCap 400 ↗
Did Sun Communities, Inc. Insiders Breach their Fiduciary Duties to Shareholders? ↗
Recent filings
Completion of Acquisition or Disposition of Assets · Regulation FD Disclosure
Items 2.01, 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
SCHEDULE 13G/A filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
Show 5 more recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
144 filing
Regulation FD Disclosure
Items 7.01, 9.01
8-K/A filing
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,522,900,000Source | 16,549,400,000Source | 17,348,100,000Source | 17,084,200,000Source |
| GoodwillUSD | 9,500,000Source | 551,200,000Source | 1,076,900,000Source | 1,018,400,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 101,500,000Source | 338,900,000Source | — | 402,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 569,600,000Source | 47,400,000Source | — | 72,800,000Source |
| Operating Lease, Right-of-Use AssetUSD | 59,900,000Source | 178,200,000Source | — | 189,400,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,194,400,000Source | 9,096,800,000Source | 9,294,700,000Source | 8,992,800,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,200,000Source | 1,300,000Source | — | 1,200,000Source |
| Additional Paid in CapitalUSD | 9,563,100,000Source | 9,864,200,000Source | — | 9,549,700,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 26,500,000Source | -7,900,000Source | 7,400,000Source | -9,900,000Source |
| Stockholders' Equity Attributable to ParentUSD | 6,956,100,000Source | 7,081,700,000Source | 7,675,200,000Source | 7,809,800,000Source |
| Liabilities and EquityUSD | 12,522,900,000Source | 16,549,400,000Source | 17,348,100,000Source | 17,084,200,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 116,700,000Source | 111,100,000Source | 79,400,000Source | 78,700,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 225,300,000Source | 267,000,000Source | — | 308,600,000Source |
| Dividends PayableUSD | 131,100,000Source | 122,600,000Source | — | 111,300,000Source |
| Long-term DebtUSD | — | 7,387,800,000Source | — | 7,235,100,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,430,200,000Source | 107,100,000Source | -209,100,000Source | 263,800,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 507,900,000Source | 680,700,000Source | 660,000,000Source | 604,800,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 37,400,000Source | 41,600,000Source | 42,900,000Source | 37,600,000Source |
| Deferred Income Tax Expense (Benefit)USD | -60,000,000Source | -39,600,000Source | -22,900,000Source | -4,200,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 864,200,000Source | 861,000,000Source | 790,500,000Source | 734,900,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 461,700,000Source | 68,800,000Source | 53,300,000Source | 2,213,500,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 4,925,800,000Source | -267,400,000Source | -919,500,000Source | -3,062,600,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -11,500,000Source | — | — | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 12,100,000Source | 9,800,000Source | 12,800,000Source | 19,300,000Source |
| Payments for Repurchase of Common StockUSD | 539,100,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -5,219,400,000Source | -571,600,000Source | 80,300,000Source | 2,348,600,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -15,300,000Source | 0Source | — | — |
| Repayments of Long-term DebtUSD | 2,093,300,000Source | 269,200,000Source | 174,300,000Source | 400,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 572,200,000Source | 21,200,000Source | -47,700,000Source | 12,200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 636,100,000Source | 63,900,000Source | 42,700,000Source | 90,400,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 245,900,000Source | 342,200,000Source | 326,700,000Source | 218,300,000Source |
| Income Taxes Paid, NetUSD | 5,000,000Source | 3,400,000Source | 20,500,000Source | 5,800,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,600,000Source | -800,000Source | 1,000,000Source | -8,700,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 39,600,000Source | 39,300,000Source | 40,400,000Source | 37,600,000Source |
| Amortization of Intangible AssetsUSD | 12,900,000Source | 31,500,000Source | 37,100,000Source | 36,900,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 507,900,000Source | 667,100,000Source | 642,000,000Source | 579,100,000Source |
| Dividends PayableUSD | 131,100,000Source | 122,600,000Source | 118,200,000Source | 111,300,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 0Source | -16,000,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 26,700,000Source | -25,800,000Source | -300,000Source | 5,400,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 14,900,000Source | 10,700,000Source | 9,100,000Source | 27,300,000Source |
| Gain (Loss) on Sale of PropertiesUSD | 5,100,000Source | 202,900,000Source | 11,000,000Source | 12,200,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -104,000,000Source | -1,400,000Source | 0Source | -4,400,000Source |
| General and Administrative ExpenseUSD | 236,700,000Source | 295,300,000Source | 270,200,000Source | 256,800,000Source |
| GoodwillUSD | 9,500,000Source | 551,200,000Source | 733,000,000Source | 1,018,400,000Source |
| Goodwill, Impairment LossUSD | 0Source | 180,800,000Source | 369,900,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 600,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 1,429,600,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 1,429,600,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 16,400,000Source | 9,500,000Source | 16,000,000Source | 2,900,000Source |
| Income Tax Expense (Benefit)USD | -49,200,000Source | -35,300,000Source | -8,400,000Source | 6,100,000Source |
| Insured Event, Gain (Loss)USD | 30,800,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 1,413,900,000Source | 103,600,000Source | -206,900,000Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 56,400,000Source | 5,300,000Source | -8,100,000Source | 10,800,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,361,200,000Source | 89,000,000Source | -213,300,000Source | 242,000,000Source |
| Operating Lease, Impairment LossUSD | — | 0Source | 0Source | 4,000,000Source |
| Other Nonoperating Income (Expense)USD | 133,900,000Source | 3,200,000Source | -7,500,000Source | -2,100,000Source |
| Payments of Financing CostsUSD | — | 5,200,000Source | 6,000,000Source | 27,200,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 827,900,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | 1,900,000Source | 10,300,000Source |
| Real Estate Tax ExpenseUSD | 111,100,000Source | 125,700,000Source | 117,400,000Source | 110,600,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | 1,902,200,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,306,100,000Source | 3,221,100,000Source | 3,224,600,000Source | 2,969,700,000Source |
| Cost of RevenueUSD | — | — | — | 311,200,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Other Nonoperating Income (Expense)USD | 133,900,000Source | 3,200,000Source | -7,500,000Source | -2,100,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -257,400,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | -49,200,000Source | -35,300,000Source | -8,400,000Source | 6,100,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 56,400,000Source | 5,300,000Source | -8,100,000Source | 10,800,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,413,900,000Source | 103,600,000Source | -206,900,000Source | — |
| Earnings Per Share, BasicUSD per share | 10.84Source | 0.71Source | -1.71Source | 2Source |
| Earnings Per Share, DilutedUSD per share | 10.84Source | 0.71Source | -1.72Source | 2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 124,900,000Source | 124,500,000Source | 123,400,000Source | 120,200,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 124,900,000Source | 127,200,000Source | 123,800,000Source | 122,900,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 12,900,000Source | 31,500,000Source | 37,100,000Source | 36,900,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 7.96Source | 3.75Source | 3.67Source | 3.47Source |
| Costs and ExpensesUSD | 2,534,300,000Source | 3,309,300,000Source | 3,334,400,000Source | 2,661,300,000Source |
| Current Income Tax Expense (Benefit)USD | 10,800,000Source | 4,300,000Source | 14,500,000Source | 10,300,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 0Source | -16,000,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 26,700,000Source | -25,800,000Source | -300,000Source | 5,400,000Source |
| General and Administrative ExpenseUSD | 236,700,000Source | 295,300,000Source | 270,200,000Source | 256,800,000Source |
| Goodwill, Impairment LossUSD | 0Source | 180,800,000Source | 369,900,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -61,400,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 600,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.61Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.61Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 1,429,600,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 1,429,600,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 16,400,000Source | 9,500,000Source | 16,000,000Source | 2,900,000Source |
| Interest Expense, DebtUSD | 221,000,000Source | 350,400,000Source | 325,800,000Source | 229,800,000Source |
| Interest Income, OperatingUSD | 48,500,000Source | 20,700,000Source | 45,400,000Source | 35,200,000Source |
| Lease IncomeUSD | 1,765,800,000Source | 2,163,400,000Source | 2,059,800,000Source | 28,900,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,361,200,000Source | 89,000,000Source | -213,300,000Source | 242,000,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -68,400,000Source | — | — | — |
| Other Cost of Operating RevenueUSD | 106,000,000Source | 570,700,000Source | 585,000,000Source | 472,700,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 12,600,000Source | 12,800,000Source | 12,300,000Source | — |
| Real Estate Tax ExpenseUSD | 111,100,000Source | 125,700,000Source | 117,400,000Source | 110,600,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | 1,902,200,000Source |
Filing attachments
d919977dex991.htm · 8-K · 2025-02-24
EX-99.1 2 d919977dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION Strategically Repositions Company as a Pure-Play MH and RV Focused REIT Enhances Flexibility Through Substantial De-Leveraging and Improves Margin and Cash Flow Profile Southfield, MI, Feb. 24, 2025 - Sun Communities, Inc. (NYSE: SUI) (the “Company” or “Sun”), a real estate investment trust (“REIT”…
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