Thursday 5 November 2026 Export SUI’s income statement to Excel — free account

Sun Communities, Inc.

Sun Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 2.02% from fiscal 2024.

Revenue: +12.6%
EPS: +1,411.3%
Free cash flow: +42.9%
Total debt: −11.6%

Quarter to September 2026, against a year earlier

Operating cash flow growth 3 yrs

120.91 5.61 +4.87%

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Market cap: $13.8B
P/E: 0.0×
Fwd P/E: −17.4×
Dividend yield: 3.81%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Sun Communities, Inc. (SUI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2022: revenue by segment, and margins
MH	1,138	38.33%
Marina	789	26.55%
RV	707	23.81%
UK	336	11.30%
Gross margin		64.25%
Operating margin		18.51%
Pre-tax margin		10.38%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
MH	1,138 49.34%	1,115 49.32%	1,105 48.36%	1,138 38.33%	1,083 47.64%	919 65.74%	—	—	—	—	—	—	—	—	—	—
RV	669 28.99%	681 30.11%	699 30.59%	707 23.81%	606 26.68%	421 30.12%	—	—	—	—	—	—	—	—	—	—
UK	427 18.52%	410 18.13%	382 16.74%	336 11.30%	—	—	—	—	—	—	—	—	—	—	—	—
Marina	—	—	—	789 26.55%	565 24.88%	48 3.43%	—	—	—	—	—	—	—	—	—	—
Real Property Operations	—	—	—	—	—	—	907 80.50%	805 81.89%	675 81.02%	531 78.64%	376 77.56%	322 76.11%	256 75.46%	224 77.48%	204 76.89%	199 76.77%
Home Sales and Home Rentals	—	—	—	—	—	—	220 19.50%	178 18.11%	158 18.98%	126 18.67%	93 19.24%	87 20.66%	72 21.16%	55 18.90%	52 19.71%	53 20.53%
Other, not broken out	73 3.14%	55 2.43%	98 4.31%	—	18 0.80%	10 0.72%	—	—	—	18 2.69%	15 3.20%	14 3.22%	11 3.38%	10 3.62%	9 3.40%	7 2.70%
Revenue	2,306	2,261	2,284	2,970	2,273	1,398	1,127	983	834	675	484	423	339	289	266	259

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
MH	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
RV	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UK	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Marina	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Real Property Operations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Home Sales and Home Rentals	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Annual RV occupancy	Q3 FY2026	100.0%	100.0%	—
Annual RV sites	Q3 FY2026	32.0K	32.5K	−1.51%
FFO a share	Q3 FY2026	$2.27	$2.18	+4.13%
Manufactured homes	Q3 FY2026	100.3K	97.1K	+3.28%
MH and RV revenue producing site net gains	Q3 FY2026	98.00	523.00	−81.26%
MH leased sites, net	Q3 FY2026	46.00	152.00	−69.74%
MH occupancy	Q3 FY2026	97.6%	97.9%	—
MH properties	Q3 FY2026	295.00	284.00	+3.87%
North America MH and annual RV occupancy	Q1 FY2026	97.8%	—	—
Rental Program homes	Q3 FY2026	13.4K	11.9K	+12.86%
RV leased sites, net	Q3 FY2026	52.00	371.00	−85.98%
RV properties	Q3 FY2026	157.00	164.00	−4.27%
Same Property blended occupancy for MH and RV	Q3 FY2026	98.3%	98.5%	—
Total portfolio occupancy	Q3 FY2026	98.2%	97.5%	—
Total properties	Q3 FY2026	452.00	501.00	−9.78%
Total sites	Q3 FY2026	153.5K	174.7K	−12.11%
Transient sites	Q3 FY2026	21.3K	23.6K	−9.68%
UK developed sites	Q2 FY2026	22.0K	17.5K	+25.81%
UK occupancy	Q1 FY2026	88.8%	89.8%	—
UK properties	Q2 FY2026	54.00	53.00	+1.89%
UK transient sites	Q1 FY2026	4.1K	4.3K	−2.59%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Annual RV occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Annual RV sites	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Manufactured homes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MH and RV revenue producing site net gains	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MH leased sites, net	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MH occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MH properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
North America MH and annual RV occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rental Program homes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
RV leased sites, net	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
RV properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same Property blended occupancy for MH and RV	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total portfolio occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total sites	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transient sites	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UK developed sites	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UK occupancy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UK properties	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UK transient sites	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.