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Sun Communities Inc SUI

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Stock XNYS Rating as of
$124.18 −0.23 (0.18%)
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As of Delayed Price Closed

Company Report

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

Kevin Brown

Sun Communities is a residential REIT that focuses on owning manufactured housing and residential 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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Price vs Fair Value

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SUI is trading at a 814% premium.
Price
$126.95
Fair Value
$625.00
Uncertainty
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1-Star Price
$833.40
5-Star Price
$592.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Aging population supports rent and NOI growth at a spread above inflation.

Bears

Demand for the sector has already peaked and will flatten out as the target demographic turns 80, which will cause many to sell their residences as they instead move to senior housing facilities.

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Trading Information

Previous Close Price
$124.41
Day Range
$123.26–125.10
52-Week Range
$115.53–137.85
Bid/Ask
$70.50 / $197.44
Shares Outstanding
123.23M
Market Cap
$15.30B
Volume/Avg
878,401 / 879,012

Key Statistics

Price/Earnings (Normalized)
58.31
Price/Sales
6.86
Dividend Yield (Trailing)
3.35%
Dividend Yield (Forward)
3.35%
Total Yield
7.24%

Company Profile

Sun Communities is a residential REIT that focuses on owning manufactured housing and residential vehicle communities. The company currently owns a portfolio of 513 properties, which includes 347 manufactured housing communities and 166 residential vehicle communities. 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.
Sector
Real Estate
Industry
REIT - Residential
Stock Style Box
Mid Core
Total Number of Employees
3,614
Website
https://www.suninc.com

Valuation

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Metric
SUI
Price/Earnings (Normalized)
 58.31
Price/Book Value
 2.32
Price/Sales
 6.86
Price/Cash Flow
 17.68
Price/Earnings
SUI

Financial Strength

Metric
SUI
Quick Ratio
 1.20
Current Ratio
 1.39
Interest Coverage
 0.59
Quick Ratio
SUI

Profitability

Metric
SUI
Return on Assets (Normalized)
 2.87%
Return on Equity (Normalized)
 5.54%
Return on Invested Capital (Normalized)
 4.06%
Return on Assets
SUI

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