SUN COMMUNITIES INC

Sun Communities, Inc. (NASDAQ: SUI) is a fully integrated real estate investment trust that owns and operates manufactured housing and recreational vehicle communities across the United States, Canada, and the United Kingdom. The company's website is www.suninc.com.

As of December 31, 2025, Sun Communities operates a portfolio of 513 developed properties containing approximately 178,650 developed sites. The company's three reportable segments consist of manufactured housing communities, recreational vehicle communities, and United Kingdom holiday parks. The manufactured housing segment includes 294 communities with 100,150 developed sites designed to provide affordable housing with lifestyle amenities. The recreational vehicle segment comprises 166 communities with 33,330 annual sites and 23,550 transient sites, operated primarily under the Sun Outdoors brand, offering vacation opportunities with resort-style amenities including restaurants, golf courses, and swimming pools. The United Kingdom segment operates 53 holiday parks with 17,750 annual sites and 3,870 transient sites located predominantly at seaside destinations in southern England.

Sun Communities generates revenue through site leasing to residents and guests, home sales and rentals through its taxable REIT subsidiary Sun Home Services, and in the UK through site fee license arrangements and holiday home sales. The company employs 3,614 full-time and part-time employees, with 849 serving as on-site property managers across its portfolio.

Geographically, the company maintains significant concentration in Florida with 125 communities representing 26.4% of developed sites, Michigan with 89 communities representing 19.4%, the United Kingdom with 53 communities representing 12.1%, Texas with 29 communities representing 6.1%, and California with 37 communities representing 4.9%. The company has operated manufactured housing and recreational vehicle communities since 1975 and expanded into the United Kingdom market in 2022. In 2025, Sun Communities completed the sale of its Safe Harbor Marinas subsidiary, allowing the company to refocus on its core manufactured housing and recreational vehicle business while strengthening its financial position and leverage profile.