Sun Communities, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission, reporting third-quarter and nine-month financial results including a net loss of $903.4 million for the nine months ended September 30, 2026, driven primarily by losses from discontinued operations.

Key Highlights

  • Q3 2026 net income from continuing operations: $137.1 million, compared to a loss of $53.1 million in Q3 2025, according to the filing.
  • Nine-month net loss: $(903.4) million for the nine months ended September 30, 2026, versus net income of $1,299.6 million in the same period of 2025.
  • Loss from discontinued operations (nine months): $(1,101.2) million, the primary driver of the year-to-date net loss, the filing disclosed.
  • Total revenues (Q3 2026): $558.2 million, compared to $555.9 million in Q3 2025.
  • Basic loss per share (nine months): $(7.18), versus earnings of $9.81 per share in the nine months ended September 30, 2025.
  • Total assets: $9,819.7 million as of September 30, 2026, down from $12,522.9 million at December 31, 2025, with the prior-period balance reflecting $2,551.5 million in assets held for sale and discontinued operations that were no longer on the balance sheet at quarter end.
  • Shares outstanding: 119,365,784 shares of common stock as of October 20, 2026, the registrant reported.

Sun Communities Reports Q3 2026 Results Amid Discontinued Operations Impact

Sun Communities, Inc. (NYSE:SUI), a Maryland-incorporated real estate investment trust headquartered in Southfield, Michigan, reported third-quarter 2026 net income of $127.8 million and nine-month net loss of $(903.4) million in its 10-Q for the period ended September 30, 2026. According to the filing, the year-to-date loss was heavily influenced by $(1,101.2) million in losses from discontinued operations recorded in the nine months ended September 30, 2026, compared to a gain of $1,404.4 million from discontinued operations in the same nine-month period of 2025.

The filing reported that total revenues for Q3 2026 were $558.2 million, essentially flat compared to $555.9 million in Q3 2025. Real property revenues grew to $478.6 million in Q3 2026 from $457.1 million a year earlier, while home sales revenues declined to $31.8 million from $37.8 million over the same period. For the nine months ended September 30, 2026, total revenues were $1,466.2 million versus $1,446.0 million in the prior-year period. The company also disclosed asset impairments of $17.2 million in Q3 2026, down from $165.9 million in Q3 2025, and $35.4 million for the nine-month period versus $223.3 million a year prior.

On the balance sheet, the filing showed total assets of $9,819.7 million as of September 30, 2026, compared to $12,522.9 million at December 31, 2025. The prior year-end figure included $2,551.5 million in assets held for sale and discontinued operations, which were absent from the September 30, 2026 balance sheet. Total liabilities decreased to $4,342.1 million from $5,194.4 million over the same period. Common shares issued and outstanding were reported at 119.9 million as of September 30, 2026, down from 123.5 million at December 31, 2025. Distributions in excess of accumulated earnings stood at $(4,086.1) million at quarter end versus $(2,634.7) million at December 31, 2025.

What Was Disclosed

Sun Communities filed a Form 10-Q for the quarter ended September 30, 2026, disclosing Q3 and nine-month income statements, a condensed consolidated balance sheet, and statements of comprehensive income and shareholders' equity, with material losses from discontinued operations shaping the year-to-date figures.