Sun Communities Inc

SUI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sun Communities' Manufactured Housing Portfolio Should Continue to Produce Solid Same-Store Growth

Kevin Brown

Mar 18, 2026

Business Strategy and Outlook

Sun Communities is a residential REIT that focuses on owning manufactured housing and recreational vehicle communities after the company completed the sale of its marina segment for $5.5 billion in the second quarter of 2025. The company has grown significantly over the past decade after spending $11.8 billion since 2010 to build a portfolio of 513 properties from just 136 at the end of 2010. Sun targets owning properties that are desirable as second homes or vacation properties, with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

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Sun Communities Inc

Sun Communities' Manufactured Housing Portfolio Should Continue to Produce Solid Same-Store Growth

Business Strategy and Outlook

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