Sun Communities, Inc. (SUI) Stock

Sun Communities, Inc. (SUI) is a Real Estate stock trading at $121.72 (as of 2026-08-21), with a market capitalization of $15.00B and a trailing P/E of 11.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sun Communities, Inc. is a REIT that, as of March 31, 2022, held interests in a portfolio of developed manufactured home, RV, and marina properties. The portfolio included 603 properties with nearly 159,300 developed sites and more than 45,700 wet slips and dry storage spaces across 39 states, Canada, Puerto Rico, and the UK.

Understand Sun Communities, Inc.: how it makes money

Sun Communities is a REIT that owns and operates manufactured housing, RV, and marina properties, and it makes money by leasing its developed sites and wet slips or dry storage spaces to tenants.

Because Sun Communities is a REIT with a large portfolio of developed MH, RV, and marina properties, its profit model largely depends on the ability to keep those sites and slips/storage spaces leased and earning rent.

Business quality (Weak): The dataset provided does not include reportable segment revenue or any operational KPIs, so the analysis relies on the stated property portfolio and the rental asset nature of a REIT.

Valuation: At 11× earnings, SUI trades 67% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Large, diversified property portfolio: As of March 31, 2022, it had interests in 603 developed MH, RV, and marina properties across 39 states, Canada, Puerto Rico, and the UK.
  • Broad set of asset types: The portfolio includes nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces.

Bear case

  • Rental income sensitivity to occupancy and leasing conditions: As a landlord of developed sites and slips/storage spaces, performance can be affected by changes in tenant demand and occupancy levels.
  • Real estate operating and market risk: Results may be impacted by real estate cycle risks and the need to maintain and operate physical properties.
Valuation — source: SEC EDGAR (first-party)
Price$121.72
Market Cap$15.00B
P/E Ratio11.7
Price / Book2.19
Price / Sales6.52
DCF Value (model)$179.17
DCF Upside vs Price47.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.31B
Net Margin61.3%
Revenue Growth (YoY)-28.4%
EPS Growth (YoY)1426.8%
FCF Growth (YoY)-51.0%
Valuation vs Sector & Industry
Stock P/E11.7
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-56.8%
vs Industry-66.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.06B)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorReal Estate
IndustryTrading
CEOCharles D. Young
Employees6,491
CountryUS
IPO Date1993-12-09

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SUI earnings history · SUI institutional & insider holders · SUI KPIs & operating metrics · SUI financials · SUI investor presentations & press releases · SUI SEC filings · SUI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.