Sun Communities, Inc. (SUI)SUISun Communities, Inc.

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	2.320B	500.500M	515.200M	697.200M	607.000M	465.800M	740.600M	934.400M	858.700M
Cost of Goods Sold	1.132B	243.200M	158.300M	433.500M	296.900M	226.000M	397.700M	482.500M	462.800M
Gross Profit	1.188B	257.300M	356.900M	263.700M	310.100M	239.800M	342.900M	451.900M	395.900M
Gross Profit Margin	51.4%	51.4%	69.3%	37.8%	51.1%	51.5%	46.3%	48.4%	46.1%
Total Operating Expenses	627.900M	202.000M	181.900M	55.400M	188.600M	180.700M	246.900M	247.200M	238.100M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	254.900M	69.500M	68.400M	55.800M	61.200M	57.000M	76.700M	74.800M	65.300M
Operating Income (EBIT)	560.100M	55.300M	175.000M	208.300M	121.500M	59.100M	96.000M	204.700M	157.800M
Operating Margin	11.0%	11.0%	34.0%	29.9%	20.0%	12.7%	13.0%	21.9%	18.4%
Income Before Tax (EBT)	11.900M	1.800M	151.100M	-22.800M	-118.200M	-26.400M	-257.100M	297.600M	60.000M
Interest Income	51.500M	7.400M	10.300M	17.300M	16.500M	4.400M	5.300M	5.500M	5.300M
Interest Expense	174.600M	38.400M	36.500M	41.500M	58.200M	82.100M	83.200M	87.700M	89.800M
Other Income/Expense	-548.200M	-53.500M	-23.900M	-231.100M	-239.700M	-85.500M	-353.100M	92.900M	-97.800M
Net Income	1.401B	-6.000M	121.900M	11.700M	1.274B	-39.700M	-224.400M	288.700M	52.100M
Income Tax Expense	15.300M	8.100M	31.500M	1.700M	-26.000M	-3.300M	-25.300M	-8.000M	1.600M
Net Profit Margin	-1.2%	-1.2%	23.7%	1.7%	209.8%	-8.5%	-30.3%	30.9%	6.1%
EBITDA	1.075B	187.800M	303.300M	334.500M	248.900M	182.800M	266.200M	377.100M	330.600M
EBITDA Margin	37.5%	37.5%	58.9%	48.0%	41.0%	39.2%	35.9%	40.4%	38.5%
Depreciation & Amortization	514.400M	132.500M	128.300M	126.200M	127.400M	123.700M	170.200M	172.400M	172.800M
EPS Basic	11.01	-0.07	0.99	0.07	10.02	-0.34	-1.76	2.31	0.42
EPS Diluted	11.01	-0.07	0.99	0.07	10.02	-0.34	-1.77	2.31	0.42
Shares Outstanding	122.600M	122.600M	123.131M	123.900M	126.500M	126.600M	126.500M	124.000M	123.700M
Diluted Shares Outstanding	125.500M	125.500M	123.131M	124.100M	126.500M	129.800M	129.700M	124.000M	123.700M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	2.306B	3.200B	3.179B	2.934B	2.260B	1.383B	1.251B	1.106B
Cost of Goods Sold	2.093B	1.702B	1.686B	1.518B	1.109B	613.888M	547.240M	493.054M
Gross Profit	213.500M	1.499B	1.493B	1.416B	1.151B	768.900M	704.044M	612.919M
Gross Profit Margin	9.3%	46.8%	47.0%	48.3%	50.9%	55.6%	56.3%	55.4%
Total Operating Expenses	-268.700M	976.000M	932.100M	859.200M	704.000M	109.500M	92.777M	368.691M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11
Selling, General & Administrative	236.700M	295.300M	272.100M	257.400M	181.300M	109.616M	92.777M	81.429M
Operating Income (EBIT)	482.200M	522.600M	560.700M	556.800M	447.100M	659.400M	611.267M	244.228M
Operating Margin	20.9%	16.3%	17.6%	19.0%	19.8%	47.7%	48.9%	22.1%
Income Before Tax (EBT)	-48.600M	71.800M	-217.500M	269.900M	415.100M	146.600M	178.252M	120.246M
Interest Income	48.500M	20.700M	45.400M	35.200M	12.232M	10.119M	17.857M	20.853M
Interest Expense	224.500M	350.400M	329.100M	234.000M	162.800M	133.248M	137.851M	132.783M
Other Income/Expense	-530.800M	-450.800M	-778.200M	-286.900M	-32.000M	-512.800M	-433.015M	-123.982M
Net Income	1.374B	89.000M	-213.300M	242.000M	380.200M	131.614M	161.553M	107.229M
Income Tax Expense	-49.200M	-35.300M	-8.400M	6.100M	1.300M	-800K	873K	88K
Net Profit Margin	59.6%	2.8%	-6.7%	8.2%	16.8%	9.5%	12.9%	9.7%
EBITDA	990.100M	1.203B	1.221B	1.159B	969.800M	1.026B	918.543M	520.298M
EBITDA Margin	42.9%	37.6%	38.4%	39.5%	42.9%	74.2%	73.4%	47.0%
Depreciation & Amortization	507.900M	680.700M	660.000M	601.800M	522.700M	367.000M	307.276M	276.070M
EPS Basic	10.84	0.71	-1.73	2.00	3.36	1.34	1.83	1.32
EPS Diluted	10.84	0.71	-1.72	2.00	3.36	1.34	1.83	1.31
Shares Outstanding	124.900M	124.500M	123.400M	120.200M	112.600M	97.521M	88.460M	81.387M
Diluted Shares Outstanding	124.900M	127.200M	123.800M	122.900M	112.600M	97.522M	88.460M	82.040M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Sun Communities, Inc.

Sun Communities, Inc., a Real Estate Investment Trust (REIT), possessed or managed a substantial portfolio of 603 developed manufactured housing, RV, and marina properties as of March 31, 2022. These holdings comprised nearly 159,300 individual developed sites and over 45,700 wet slips and dry storage spaces. Its operational reach spans 39 U.S. states, Canada, Puerto Rico, and the UK.

Southfield, MI

6,491 employees

www.suncommunities.com

Real Estate / REIT - Residential

Sector: Real Estate
Industry: REIT - Residential
CEO: Charles D. Young

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