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Sun Communities Inc SUI

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Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

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Company Profile

Business Description

Sun Communities Inc is a real estate investment trust that acquires, operates, and develops manufactured housing and recreational vehicle communities throughout the United States. The vast majority of the company's real estate portfolio is comprised of manufactured housing communities in terms of the total number of properties. Sun Communities divides its assets geographically into Midwestern, Southern, Southeastern, and Other segments. The markets of Michigan and Florida, cumulatively, account for most of the firm's holdings. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants through annual leases. Many of Sun Communities' sites offer amenities, such as clubhouses, swimming pools, spas, and exercise rooms.

Contact
27777 Franklin Road, Suite 200
Southfield, MI, 48034
T +1 248 208-2500
Sector Real Estate
Industry REIT - Residential
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 4,872