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SUISun Communities, Inc.
$113.77$13.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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SUI logo

Sun Communities, Inc.

SUI
NYSE · Residential REITs
$113.77
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$14.02B
P/E10.5x
52W High$137.85
Volume1.13M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

FFO Collapse and Asset Shrinkage Signal Deep Distress

Sun Communities faces a severe fundamental deterioration, with FFO per share plunging to -$6.80 in 2026Q2 from $1.01 in the prior quarter, and total assets contracting 36% from $17.1B to $10.9B since 2024Q1. The company's revenue growth turned sharply negative...

GrowthDecelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

SUI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-63% Peers

P/E is 63% below peer median

03

Market leadership

RS 35 · Lag

Laggard (Underperforming 65% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 27
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue declined 20.2% year-over-year to $484.6M in 2026Q2, while FFO per share collapsed to -$6.80 from $1.01 in the prior quarter, reflecting severe earnings quality deterioration.

Analyst Consensus+22.2% target
Buy(21 analysts)
13 Buy6 Hold2 Sell

The Bull Case

Upside Catalysts

Institutional Interest and Adoption

Sygnum Bank's integration of the Sui network for institutional clients enhances SUI's credibility and liquidity by offering custody, trading, and staking services. Additionally, multiple financial institutions have filed for SUI-based exchange-traded funds (ETFs), indicating growing institutional interest.

DeFi Growth

The total value locked (TVL) in Sui's DeFi ecosystem has reached significant levels, driven by increasing stablecoin adoption that fuels liquidity. Protocols like Suilend have experienced substantial increases in TVL, showcasing the ecosystem's growth potential.

Corporate Treasury Investment

Nasdaq-listed SUI Group Holdings has made a substantial investment of $450 million in SUI, reflecting strong corporate backing and confidence in the project's future. This investment is a significant endorsement of SUI's potential.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SUI-5.01%
S&P 500 (^GSPC)+13.20%
1-Year Return
SUI-8.23%
S&P 500 (^GSPC)+15.98%
3-Year Return
SUI+6.50%
S&P 500 (^GSPC)+82.56%
5-Year Return
SUI-30.32%
S&P 500 (^GSPC)+75.41%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
10.4x
Forward P/E
N/A
EV/EBITDA0th %ile
15.2x
FCF YieldCash Flow
6.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.4x
71.5x
0th· Low
EV/EBITDA
15.2x
19.9x
0th· Low
Price/FCF
16.0x
20.5x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$89.42-21.4%
Base (Fair)$120.86+6.3%
Bull$152.83+34.3%
$89.42 Bear$120.86 Base$152.83 Bull
Current Market Price: $113.77
Trades at a 5.9% discount to Base DCF ($120.86)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$2.31B-27.9% YoY
Net income
$1.37B+1443.6% YoY
Free cash flow
$864M-2.8% YoY
Operating margin
20.9%+4.6 pts YoY
ROIC (TTM)3.2%
Avg ROIC 5Y-
ROE (TTM)19.1%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 27, 2026
$8.06+1117.5%
vs $0.66
$485M-22.3%
vs $623M
Q2 2026
Apr 27, 2026
-$0.07-126.4%
vs $0.27
$508M+3.5%
vs $491M
Q1 2026
Feb 24, 2026
$0.99+153.0%
vs $0.39
$515M+2.1%
vs $505M
Q4 2025
Oct 29, 2025
$0.07-96.8%
vs $2.18
$697M+0.3%
vs $695M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 8, 2026
Sun Communities, Inc. Declares Third Quarter 2026 Distribution

Southfield, MI, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $1.12 per share of common stock for the third quarter of 2026. The distribution is payable on October 15, 2026 to shareholders of record on September 30, 2026.

Seeking Alpha·Sep 8, 2026
Sun Communities: Simplification Is Paying Off, But The Stock Hasn't Caught Up

Sun Communities is transitioning to a pure-play North American MH and RV landlord, having divested its Marinas and UK businesses. SUI raised 2026 Core FFO guidance for the second consecutive quarter, now $6.94–$7.10/share, and continues to demonstrate strong same-property NOI growth in MH. Management has executed $260 million in share repurchases YTD, signaling conviction in undervaluation, and maintains a well-laddered, fixed-rate debt profile.

Defense World·Sep 8, 2026
Hsbc Holdings PLC Decreases Stock Holdings in Sun Communities, Inc. $SUI

Hsbc Holdings PLC lowered its stake in shares of Sun Communities, Inc. (NYSE: SUI) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,646 shares of the real estate investment trust's stock after selling

PRNewsWire·Sep 7, 2026
Did Sun Communities, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Filtered for Sun Communities, Inc.More Headlines
04

Compare before deciding

Benchmark SUI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Sun Communities, Inc. (SUI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SUI logoSUISun Communities, Inc.Current
$113.77$14.02B10.50-27.94%59.57%19.1%7.35%
ELS logoELSEquity LifeStyle Properties, Inc.
$60.26$11.69B31.226.84%25.32%22.13%—
UMH logoUMHUMH Properties, Inc.
$15.80$1.35B225.718.81%11.55%3.46%—
CPT logoCPTCamden Property Trust
$99.31$9.98B28.051.92%20.74%7.66%—
MAA logoMAAMid-America Apartment Communities, Inc.
$119.15$13.87B31.520.83%18.17%6.96%—
UDR logoUDRUDR, Inc.
$34.10$11.08B30.182.42%30.43%14.38%—

Compare SUI vs Peers

Sun Communities, Inc. (SUI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ELS

Most directly comparable listed peer for SUI.

Scale Benchmark

vs WELL

Larger-name benchmark to compare SUI against a more recognizable public peer.

Peer Set

Compare Top 5

vs ELS, UMH, CPT, MAA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SUI SEC Filings & Documents

Sun Communities, Inc. (SUI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 27, 2026·SEC

Material company update

Jun 1, 2026·SEC

Material company update

May 21, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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SUI Frequently Asked Questions

Sun Communities, Inc. (SUI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Sun Communities, Inc.'s revenue?

Sun Communities, Inc. (SUI) reported $2.20B in revenue for fiscal year 2025. This represents a 2902% increase from $73.2M in 1996.

How fast is Sun Communities, Inc. growing?

Sun Communities, Inc. (SUI) saw revenue decline by 27.9% over the past year.

Is SUI profitable?

Sun Communities, Inc. (SUI) reported a net loss of $863.2M for fiscal year 2025.

Dividend & Returns
Does SUI pay dividends?

Yes, Sun Communities, Inc. (SUI) pays a dividend with a yield of 7.35%. This makes it attractive for income-focused investors.

What is SUI's return on equity?

Sun Communities, Inc. (SUI) has a return on equity (ROE) of 19.1%. This is reasonable for most industries.

Industry Metrics
What is Sun Communities, Inc.'s FFO?

Sun Communities, Inc. (SUI) generated Funds From Operations (FFO) of $-352.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is SUI a good dividend stock?

Sun Communities, Inc. (SUI) offers a 7.35% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in SUI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →