Sun Communities, Inc. (SUI) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Residential
EV/EBITDA
↓
16.80
↓-22% vs avg
5yr avg: 21.43
30Y Low4.1·High81.8
P/FCF
↓
17.86
↓-19% vs avg
5yr avg: 22.01
30Y Low5.9·High143.1
P/B Ratio
↓
2.18
↓-12% vs avg
5yr avg: 2.47
30Y Low1.2·High14.5
ROE
↑
19.1%
↓+254% vs avg
5yr avg: 5.4%
30Y Low-28%·High19%
Debt/EBITDA
↓
1.85
↓-65% vs avg
5yr avg: 5.25
30Y Low1.8·High37.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SUI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sun Communities, Inc. trades at 11.6x earnings, 85% below its 5-year average of 79.7x, sitting at the 5th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 52%. On a free-cash-flow basis, the stock trades at 17.9x P/FCF, 19% below the 5-year average of 22.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.4B | $15.5B | $15.6B | $16.5B | $17.6B | $23.6B | $14.8B | $13.3B | $8.3B | $7.1B | $5.1B |
| Enterprise Value | $16.6B | $16.7B | $22.9B | $24.3B | $24.6B | $29.2B | $19.4B | $16.6B | $11.3B | $10.1B | $8.1B |
| P/E Ratio → | 11.56 | 11.43 | 173.20 | — | 71.50 | 62.49 | 113.40 | 82.02 | 77.64 | 109.15 | 294.65 |
| P/S Ratio | 6.69 | 6.71 | 4.89 | 5.20 | 5.99 | 10.46 | 10.72 | 10.61 | 7.54 | 7.40 | 6.23 |
| P/B Ratio | 2.18 | 2.15 | 2.17 | 2.31 | 2.23 | 3.51 | 2.63 | 3.43 | 2.63 | 2.67 | 2.15 |
| P/FCF | 17.86 | 17.91 | 17.60 | 20.48 | 23.36 | 30.68 | 26.75 | 25.48 | 22.98 | 27.19 | 20.33 |
| P/OCF | 17.86 | 17.91 | 17.60 | 20.48 | 23.36 | 30.68 | 26.75 | 25.48 | 22.98 | 27.19 | 20.33 |
P/E links to full P/E history page with 30-year chart
SUI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sun Communities, Inc.'s enterprise value stands at 16.8x EBITDA, 22% below its 5-year average of 21.4x. This is roughly in line with the Real Estate sector median of 16.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.23 | 7.17 | 7.64 | 8.39 | 12.91 | 14.05 | 13.27 | 10.25 | 10.55 | 9.98 |
| EV / EBITDA | 16.80 | 16.84 | 19.07 | 19.90 | 21.26 | 30.09 | 18.93 | 18.08 | 21.78 | 22.33 | 20.67 |
| EV / EBIT | 34.49 | 94.77 | 54.35 | 217.69 | 48.88 | 50.49 | 64.83 | 55.86 | 44.53 | 47.57 | 52.81 |
| EV / FCF | — | 19.29 | 25.82 | 30.07 | 32.74 | 37.87 | 35.07 | 31.86 | 31.21 | 38.76 | 32.56 |
SUI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sun Communities, Inc. earns an operating margin of 20.9%, below the Real Estate sector average of 26.0%. Operating margins have expanded from 17.6% to 20.9% over the past 3 years, signaling improving operational efficiency. ROE of 19.1% indicates solid capital efficiency. ROIC of 3.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.3% | 9.3% | 46.8% | 47.0% | 48.3% | 50.9% | 55.6% | 56.3% | 55.4% | 56.3% | 56.4% |
| Operating Margin | 20.9% | 20.9% | 16.3% | 17.6% | 19.0% | 19.8% | 47.7% | 48.9% | 22.1% | 20.4% | 21.4% |
| Net Profit Margin | 59.6% | 59.6% | 2.8% | -6.7% | 8.2% | 16.8% | 9.5% | 12.9% | 9.7% | 7.5% | 3.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.1% | 19.1% | 1.2% | -2.8% | 3.3% | 6.2% | 2.8% | 4.6% | 3.7% | 2.9% | 1.3% |
| ROA | 9.5% | 9.5% | 0.5% | -1.3% | 1.6% | 3.1% | 1.4% | 2.2% | 1.7% | 1.2% | 0.5% |
| ROIC | 3.2% | 3.2% | 2.7% | 2.8% | 3.1% | 3.0% | 5.7% | 6.9% | 3.1% | 2.6% | 2.8% |
| ROCE | 4.0% | 4.0% | 3.7% | 4.0% | 4.3% | 4.2% | 7.8% | 9.0% | 4.0% | 3.4% | 3.5% |
SUI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sun Communities, Inc. carries a Debt/EBITDA ratio of 1.8x, which is manageable (76% below the sector average of 7.9x). Net debt stands at $1.2B ($1.8B total debt minus $636M cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 1.02 | 1.08 | 0.90 | 0.83 | 0.83 | 0.87 | 0.96 | 1.14 | 1.30 |
| Debt / EBITDA | 1.85 | 1.85 | 6.11 | 6.37 | 6.15 | 5.78 | 4.57 | 3.66 | 5.87 | 6.69 | 7.78 |
| Net Debt / Equity | — | 0.17 | 1.02 | 1.08 | 0.89 | 0.82 | 0.82 | 0.86 | 0.94 | 1.14 | 1.29 |
| Net Debt / EBITDA | 1.21 | 1.21 | 6.07 | 6.35 | 6.09 | 5.71 | 4.49 | 3.62 | 5.75 | 6.67 | 7.76 |
| Debt / FCF | — | 1.38 | 8.22 | 9.59 | 9.38 | 7.19 | 8.32 | 6.39 | 8.23 | 11.57 | 12.23 |
| Interest Coverage | 0.78 | 0.78 | 1.20 | 0.34 | 2.15 | 3.55 | 2.25 | 2.16 | 1.92 | 1.64 | 1.26 |
SUI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.38x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.26x to 0.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.38 | 0.38 | 0.33 | 0.26 | 0.35 | 0.49 | 0.30 | 0.68 | 0.85 | 1.45 | 1.68 |
| Quick Ratio | 0.33 | 0.33 | 0.28 | 0.18 | 0.28 | 0.46 | 0.27 | 0.56 | 0.74 | 1.32 | 1.53 |
| Cash Ratio | 0.21 | 0.21 | 0.02 | 0.01 | 0.07 | 0.16 | 0.12 | 0.25 | 0.23 | 0.04 | 0.05 |
| Asset Turnover | — | 0.18 | 0.19 | 0.19 | 0.17 | 0.17 | 0.12 | 0.16 | 0.16 | 0.16 | 0.14 |
| Inventory Turnover | 14.64 | 14.64 | 13.11 | 8.20 | 7.49 | 21.71 | 13.16 | 8.82 | 10.02 | 13.79 | 16.45 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SUI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sun Communities, Inc. returns 10.2% to shareholders annually — split between a 6.7% dividend yield and 3.5% buyback yield. The payout ratio of 76.0% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 8.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.7% | 6.7% | 3.1% | 2.9% | 2.5% | 1.7% | 2.1% | 2.1% | 2.9% | 3.2% | 3.8% |
| Payout Ratio | 76.0% | 76.0% | 553.6% | — | 179.4% | 102.8% | 237.9% | 171.3% | 226.4% | 311.0% | 736.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.7% | 8.7% | 0.6% | — | 1.4% | 1.6% | 0.9% | 1.2% | 1.3% | 0.9% | 0.3% |
| FCF Yield | 5.6% | 5.6% | 5.7% | 4.9% | 4.3% | 3.3% | 3.7% | 3.9% | 4.4% | 3.7% | 4.9% |
| Buyback Yield | 3.5% | 3.5% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 0.0% |
| Total Shareholder Yield | 10.2% | 10.2% | 3.1% | 3.0% | 2.5% | 1.7% | 2.1% | 2.1% | 3.0% | 4.8% | 3.8% |
| Shares Outstanding | — | $125M | $127M | $124M | $123M | $113M | $98M | $88M | $82M | $77M | $66M |
Peer Comparison
Compare SUI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SUIYou | $15B | 11.6 | 16.8 | 17.9 | 9.3% | 20.9% | 19.1% | 3.2% | 1.8 |
 ELS | $12B | 32.4 | 21.3 | 36.3 | 37.6% | 33.8% | 21.2% | 7.6% | 4.6 |
 UMH | $1B | 224.3 | 18.1 | 16.3 | 3.9% | 17.4% | 2.9% | 2.3% | 6.8 |
 CPT | $11B | 29.6 | 16.5 | 28.4 | 61.4% | 18.4% | 8.4% | 2.6% | 4.3 |
 MAA | $15B | 34.4 | 16.5 | 21.1 | 31.8% | 28.0% | 7.5% | 4.2% | 4.4 |
 UDR | $12B | 32.7 | 18.1 | 19.6 | 25.6% | 18.8% | 8.8% | 2.3% | 6.2 |
 AIV | $596M | 1.1 | 2.0 | — | — | — | 133.1% | 4.2% | — |
 NVR | $17B | 13.8 | 8.9 | 15.2 | 23.0% | 16.2% | 33.2% | 43.8% | 0.7 |
 SKY | $4B | 21.3 | 12.6 | 21.2 | 26.2% | 9.5% | 13.4% | 16.9% | 0.5 |
 CVCO | $5B | 23.4 | 20.4 | 29.2 | 23.1% | 9.4% | 16.3% | 19.4% | 0.2 |
 PATK | $3B | 23.1 | 10.3 | 12.1 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSUI — Frequently Asked Questions
Quick answers to the most common questions about buying SUI stock.
What is Sun Communities, Inc.'s P/E ratio?
Sun Communities, Inc.'s current P/E ratio is 11.6x. The historical average is 64.6x. This places it at the 5th percentile of its historical range.
What is Sun Communities, Inc.'s EV/EBITDA?
Sun Communities, Inc.'s current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.9x.
What is Sun Communities, Inc.'s ROE?
Sun Communities, Inc.'s return on equity (ROE) is 19.1%. The historical average is 2.2%.
Is SUI stock overvalued?
Based on historical data, Sun Communities, Inc. is trading at a P/E of 11.6x. This is at the 5th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Sun Communities, Inc.'s dividend yield?
Sun Communities, Inc.'s current dividend yield is 6.67% with a payout ratio of 76.0%.
What are Sun Communities, Inc.'s profit margins?
Sun Communities, Inc. has 9.3% gross margin and 20.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Sun Communities, Inc. have?
Sun Communities, Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.