SBA Communications Corporation (SBAC) vs Sun Communities, Inc. (SUI)
A side-by-side comparison of SBA Communications Corporation and Sun Communities, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 7, 2026. Differences are shown without an overall score or investment verdict.
Total return — SBAC vs SUI
growth of $100 · dividends reinvested · last 10ySBAC vs SUI: by the numbers
- •SBAC is the larger company ($20.20B vs $14.81B market cap).
- •SBAC is profitable (34.51% net margin) while SUI runs a net loss (-39.28%).
- •SBAC grew revenue faster over the past five years (5.63% vs 3.84% CAGR).
- •SUI pays the higher dividend yield (3.62% vs 2.49%).
Metrics side by side
Valuation
| Metric | SBAC | SUI |
|---|---|---|
| P/E ratio | 20.39 | N/A |
| Forward P/E | 24.62 | N/A |
| P/S ratio | 7.01 | 6.92 |
| P/B ratio | N/A | 2.76 |
| EV / EBITDA | 18.82 | 17.96 |
| FCF yield | 5.22% | 5.46% |
For REITs like SBA Communications Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Sun Communities, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | SBAC | SUI |
|---|---|---|
| Gross margin | 41.61% | 9.26% |
| Operating margin | 50.79% | 25.14% |
| Net margin | 34.51% | -39.28% |
| ROE | N/A | -15.64% |
| ROIC | 11.87% | 4.05% |
Dividends
| Metric | SBAC | SUI |
|---|---|---|
| Dividend yield | 2.49% | 3.62% |
| Payout ratio | 50.81% | N/A |
SBA Communications Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Sun Communities, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | SBAC | SUI |
|---|---|---|
| Revenue CAGR (5Y) | 5.63% | 3.84% |
| EPS CAGR (5Y) | 115.83% | 51.92% |
| FCF CAGR (5Y) | 1.35% | 2.75% |
| Total return CAGR (5Y) | -10.87% | -7.45% |
Frequently asked
- Which has grown faster, SBAC or SUI?
- Over the past five years, SBAC grew revenue faster — SBAC at a 5.63% CAGR versus SUI at 3.84%.
- Does SBAC or SUI pay a bigger dividend?
- SBAC yields 2.49% and SUI yields 3.62% based on trailing dividends and the latest price.
- Is SBAC or SUI more profitable?
- SBAC runs the higher net margin — SBAC at 34.51% versus SUI at -39.28%.
- How have SBAC and SUI total returns compared?
- Over the past 10 years, SBAC delivered 6.09% and SUI delivered 7.72% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
SBA Communications & Sun Communities appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 7, 2026.