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Companies / Real Estate / Sun Communities, Inc.
SUI

Sun Communities, Inc.

Ticker SUISOUTHFIELD, MIFiscal year ends MayBook value per share $43.32Diluted shares 127.4M

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. From the company’s description.

Fiscal year 2025 · ends 05-13Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.31BFY2025
−28.4% year over year
Last 12 mo $2.12B
0.00%FY2025
$0.60MFY2025
−99.4% year over year
25.31%FY2025
+20.3 percentage points
Last 12 mo -15.57%
Cash & financing
$864.20MFY2025
+0.4% year over year
Last 12 mo $899.50M
$864.20MFY2025
+0.4% year over year
Last 12 mo $899.50M
0.65FY2025
Was 1.09× a year earlier
Last 12 mo 0.73
124.9MFY2025
−1.8% year over year
Last 12 mo 127.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Sun Communities, Inc. does

In the company’s own words

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.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
SOUTHFIELD, MI
Fiscal year end
May
CIK
912593
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-552.47M$477.64M$1.51B$2.54B$3.57B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Sun Communities, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

431
funds hold it
0 of 35
superinvestors hold it
$6.96B
held by funds, at market
46.8%
of shares held by funds

Largest fund holders · Sun Communities, Inc.’s weight in each

Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.71%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
0.68%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Sun Communities, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Sun Communities, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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