Sun Communities Financial Statements
NYSE: SUIReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Sun Communities revenue and earnings
In fiscal 2025, Sun Communities generated $2.31 billion in revenue, up 2.0% from fiscal 2024. Net income was $1.41 billion (+1264.8% year over year), for a net margin of 61.3% versus a median of 8.8% in the prior 5 years. Diluted earnings per share came in at $10.84, up from $0.71.
Over the last 5 fiscal years, SUI's revenue has grown at a 10.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Sun Communities income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.31B | 2.26B | 2.28B | 2.97B | 2.27B | 1.40B | 1.26B | 1.13B | 982.57M | 833.78M |
| Revenue growth (YoY) | +2.02% | -1.03% | -23.09% | +30.67% | +62.53% | +10.62% | +12.18% | +14.68% | +17.85% | +23.57% |
| Cost of Revenue | — | — | — | 311.20M | 205.80M | 147.10M | 149.11M | 123.33M | 95.11M | 80.42M |
| Gross Profit | — | — | — | 2.66B | 2.07B | 1.25B | 1.11B | 1.00B | 887.46M | 753.36M |
| Operating Expenses | — | — | — | — | — | — | — | — | 336.51M | 286.45M |
| Selling, General & Admin | — | — | — | — | — | 124.63M | 107.47M | 97.15M | 96.43M | 73.41M |
| Operating Income | — | — | — | — | — | — | — | — | 550.95M | 466.91M |
| Interest Expense | 221.00M | 350.30M | 325.70M | 229.80M | 158.60M | 129.10M | 133.15M | 130.56M | 127.13M | 119.16M |
| Other Income (Expense) | 133.90M | -6.80M | -7.30M | -2.10M | -12.10M | -5.20M | -1.70M | 1.78M | 8.98M | -4.68M |
| Pretax Income | -257.40M | -122.90M | -54.40M | — | 284.85M | 135.62M | 139.86M | 129.55M | 72.70M | 35.93M |
| Income Tax | -49.20M | -36.00M | -9.20M | 6.10M | 1.30M | -800.00K | 873.00K | 88.00K | -136.00K | 283.00K |
| Net Income | 1.41B | 103.60M | -206.90M | 261.40M | 408.30M | 131.61M | 161.55M | 107.23M | 72.18M | 26.32M |
| Net Income growth (YoY) | +1264.77% | — | -179.15% | -35.98% | +210.23% | -18.53% | +50.66% | +48.55% | +174.30% | -83.07% |
| EPS (Basic) | 10.84 | 0.71 | -1.71 | 2.00 | 3.36 | 1.34 | 1.80 | 1.29 | 0.85 | 0.27 |
| EPS (Diluted) | 10.84 | 0.71 | -1.72 | 2.00 | 3.36 | 1.34 | 1.80 | 1.29 | 0.85 | 0.26 |
| Shares Outstanding (Basic) | 124.90M | 124.50M | 123.40M | 120.20M | 112.60M | 97.50M | 88.46M | 81.39M | 76.08M | 65.86M |
| Shares Outstanding (Diluted) | 124.90M | 127.20M | 123.80M | 122.90M | 115.10M | 97.50M | 88.92M | 82.04M | 76.71M | 66.32M |
| EBITDA | — | — | — | — | — | — | — | — | 812.48M | 688.68M |
| Gross Margin | — | — | — | 89.52% | 90.94% | 89.48% | 88.20% | 89.05% | 90.32% | 90.35% |
| Operating Margin | — | — | — | — | — | — | — | — | 56.07% | 56.00% |
| Net Margin | 61.31% | 4.58% | -9.06% | 8.80% | 17.97% | 9.41% | 12.78% | 9.52% | 7.35% | 3.16% |
This table shows 10 annual periods of Sun Communities's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SUI's reporting calendar. What is a income statement?