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Sun Communities Inc

Real Estate US SUI

116.64USD
3.86(3.42%)

Last update at 2024-05-02T20:10:00Z

Day Range

111.92116.96
LowHigh

52 Week Range

102.74160.28
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 269.90M 415.06M 146.68M 178.25M 120.25M
Minority interest -21.80000M -21.49000M -8.90200M 9.77M 8.44M
Net income 242.00M 380.15M 131.61M 161.55M 107.23M
Selling general administrative 256.80M 181.21M 111.29M 93.96M 81.44M
Selling and marketing expenses - 205.77M - - -
Gross profit 1415.40M 1151.10M 774.22M 699.45M 613.54M
Reconciled depreciation 579.10M 512.49M 365.28M 307.28M 268.67M
Ebit 588.00M 462.76M 293.03M 300.11M 259.89M
Ebitda 1192.80M 985.51M 669.91M 628.17M 547.15M
Depreciation and amortization 604.80M 522.75M 376.88M 328.07M 287.26M
Non operating income net other 40.30M 106.60M -8.12200M -13.41100M -6.54500M
Operating income 588.00M 462.76M 293.03M 300.11M 244.84M
Other operating expenses 2380.70M 1813.23M 1102.17M 968.76M 861.13M
Interest expense 234.00M 162.80M 133.25M 137.85M 132.78M
Tax provision 6.10M 1.33M -0.77500M 0.87M 0.09M
Interest income 231.30M 12.23M 126.78M 137.83M 134.23M
Net interest income -198.80000M -150.56800M -133.24800M -137.85100M -132.78300M
Extraordinary items - - - - -
Non recurring -24.70000M -1.36200M -23.00800M - 0.47M
Other items - - - - -
Income tax expense 6.10M 1.33M -0.77500M 0.87M 0.09M
Total revenue 2934.50M 2260.37M 1388.23M 1246.18M 1105.97M
Total operating expenses 861.60M 703.96M 488.16M 422.03M 368.70M
Cost of revenue 1519.10M 1109.27M 614.01M 546.73M 492.43M
Total other income expense net -318.10000M -47.69700M -146.35500M -121.85300M -12.66700M
Discontinued operations - - - - -
Net income from continuing ops 263.80M 283.52M 134.60M 138.31M 129.60M
Net income applicable to common shares 242.00M 380.15M 131.61M 160.26M 105.49M
Preferred stock and other adjustments - - - 1.29M 1.74M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 17084.20M 13494.08M 11206.59M 7802.06M 6710.03M
Intangible assets 402.00M 306.75M 305.61M 67.52M 88.30M
Earning assets - - - - -
Other current assets 17.60M 12.40M 15.29M 12.70M 12.00M
Total liab 9195.70M 6763.48M 5579.26M 3926.11M 3542.70M
Total stockholder equity 7809.80M 6623.90M 5525.28M 3819.72M 3106.82M
Deferred long term liab 13.10M 6.40M 11.70M 4.50M 4.70M
Other current liab -2019.30000M -698.93200M 86.99M 71.70M -64.75100M
Common stock 1.20M 1.16M 1.08M 0.93M 0.86M
Capital stock 1.20M 290.04M 236.99M 51.84M 42.48M
Retained earnings -1731.20000M -1555.99400M -1566.63600M -1393.14100M -1288.48600M
Other liab 1315.60M 755.74M 322.38M 186.41M 181.18M
Good will 1018.40M 495.35M 428.83M - -
Other assets 14344.50M 14128.30M 265.04M 61.38M 152.24M
Cash 90.40M 78.20M 98.29M 34.83M 50.31M
Cash and equivalents 90.40M 78.20M 98.29M 34.83M 50.31M
Total current liabilities 859.70M 578.68M 1665.35M 516.31M 324.95M
Current deferred revenue 352.10M 242.78M 187.73M 133.42M 133.70M
Net debt 9237.40M 5593.64M 4588.87M 3329.66M 3001.38M
Short term debt 2130.60M 1034.83M 1242.20M 183.90M 128.00M
Short long term debt 2130.60M 1034.83M 1242.20M 10.00M 66.10M
Short long term debt total 9327.80M 5671.83M 4687.16M 3364.49M 3051.69M
Other stockholder equity 9549.70M 7886.79M 6851.75M 5162.35M 4357.33M
Property plant equipment 13971.00M 11425.46M 9715.79M 7232.62M 6118.32M
Total current assets 1037.70M 785.75M 491.31M 349.54M 366.51M
Long term investments - - - 129.53M 106.92M
Net tangible assets 6592.30M 6110.67M 5055.21M 3897.73M 3170.41M
Short term investments 127.30M 186.90M 124.73M 94.73M 7560.95M
Net receivables 617.30M 469.59M 221.65M 157.93M 267.00M
Long term debt 7197.20M 5671.83M 3514.88M 3250.50M 2961.03M
Inventory 202.70M 51.05M 46.64M 62.06M 49.20M
Accounts payable 396.30M 361.00M 148.44M 127.29M 128.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 78.70M 106.71M 102.05M 56.23M 60.50M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -9.90000M 3.05M 3.18M -1.33100M -4.50400M
Additional paid in capital - - - - -
Common stock total equity 1.20M 1.16M 1.08M 0.93M 0.86M
Preferred stock total equity - - - - -
Retained earnings total equity -1731.20000M -1555.99400M -1566.63600M -1393.14100M -1288.48600M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 14626.10M 11906.23M 9980.83M 7385.00M 6255.22M
Deferred long term asset charges - - - - -
Non current assets total 16046.50M 12708.34M 10715.27M 7452.52M 6343.52M
Capital lease obligations - - - - -
Long term debt total 7197.20M 5671.83M 3514.88M 3250.50M 2961.03M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3062.60000M -147.62000M -69.98600M -29.85200M -24.07600M
Change to liabilities 62.60M 46.45M 21.95M 48.33M 4.10M
Total cashflows from investing activities -3062.60000M -2338.24900M -2486.51700M -1010.45700M -733.74300M
Net borrowings 1600.60M 911.22M 471.60M 361.69M 35.31M
Total cash from financing activities 2348.60M 1570.39M 2000.84M 505.88M 409.90M
Change to operating activities 62.60M 46.45M 21.95M 48.33M 4.10M
Net income 263.80M 413.74M 147.45M 177.38M 120.16M
Change in cash 12.20M -14.44300M 63.46M -27.43200M 38.75M
Begin period cash flow 78.20M 92.64M 34.83M 62.26M 23.51M
End period cash flow 90.40M 78.20M 98.29M 34.83M 62.26M
Total cash from operating activities 734.90M 753.57M 548.95M 476.73M 363.11M
Issuance of capital stock 1209.60M 1057.48M 1850.61M - 623.54M
Depreciation 579.10M 512.49M 372.63M 314.72M 276.07M
Other cashflows from investing activities -2052.70000M -541.93900M 55.40M 61.34M 4.10M
Dividends paid -434.20000M -390.81400M -313.13700M -276.69700M 242.81M
Change to inventory -274.00000M -75.95000M 10.85M -44.32200M -40.30400M
Change to account receivables 5.20M -1.21700M 3.27M 2.99M -2.29900M
Sale purchase of stock -19.30000M 4964.60M -2.00000M -2.67500M -4.10500M
Other cashflows from financing activities 4497.30M -23.17400M 2057.24M -23.97600M 1788.52M
Change to netincome 6.10M -9.37300M 3.49M 18.12M 15.44M
Capital expenditures 921.00M 1648.69M 2484.54M 1041.94M 709.67M
Change receivables 5.20M -1.21700M -0.17600M 2.99M -2.29900M
Cash flows other operating -179.30000M -212.68700M 3.44M -82.07400M -44.76200M
Exchange rate changes - - 0.19M 0.41M -0.52300M
Cash and cash equivalents changes 20.90M -14.28600M 63.46M -27.43200M 38.75M
Change in working capital -206.20000M -30.71700M 32.63M 6.99M -38.50500M
Stock based compensation 37.60M 27.99M 23.05M 17.48M 15.07M
Other non cash items 64.80M -170.01700M -25.24100M -39.61500M -9.16800M
Free cash flow 734.90M 753.57M 548.95M 476.73M 363.11M

Fundamentals

  • Previous Close 112.78
  • Market Cap17311.74M
  • Volume1075853
  • P/E Ratio73.72
  • Dividend Yield2.79%
  • EBITDA1220.30M
  • Revenue TTM3119.00M
  • Revenue Per Share TTM25.29
  • Gross Profit TTM 1418.60M
  • Diluted EPS TTM1.81

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SUI
Sun Communities Inc
3.86 3.42% 116.64 73.72 58.48 5.47 2.11 7.63 19.90
AVB
AvalonBay Communities Inc
4.52 2.41% 192.45 28.56 34.97 9.75 2.25 12.45 17.28
EQR
Equity Residential
1.52 2.37% 65.56 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc
0.42 1.23% 34.50 42.22 44.44 8.97 2.05 12.04 19.45
ESS
Essex Property Trust Inc
4.33 1.76% 249.80 30.13 40.98 9.62 2.85 12.97 16.74

Reports Covered

Stock Research & News

Profile

Established in 1975, Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of September 30, 2023, the Company owned, operated, or had an interest in a portfolio of 670 developed MH, RV and Marina properties comprising approximately 180,170 developed sites and approximately 48,030 wet slips and dry storage spaces in the U.S., the UK and Canada.

Sun Communities Inc

27777 Franklin Road, Southfield, MI, United States, 48034

Key Executives

Name Title Year Born
Mr. Gary A. Shiffman Chairman & CEO 1954
Mr. John Bandini McLaren Pres & COO 1971
Ms. Karen J. Dearing Exec. VP of Special Projects, Treasurer & Sec. 1965
Mr. Bruce D. Thelen Exec. VP of Operations & Sales 1985
Mr. Aaron Weiss Exec. VP of Corp. Strategy & Bus. Devel. 1977
Mr. Fernando Castro-Caratini Exec. VP & CFO NA
Mr. Marc Farrugia Exec. VP & Chief Admin. Officer NA
Mr. Baxter R. Underwood Chief Exec. Officer of Safe Harbor Marinas, LLC 1978

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