Sun Communities Inc
NYSE: SUI · REAL ESTATE · REIT - RESIDENTIAL
Updated 2026-06-05
Sun Communities Inc (SUI) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $227.78M | $-24.97M | 71.98% | 23.35% | -10.96% |
| 2007 | $235.96M | $-16.64M | 58.78% | 23.52% | -7.05% |
| 2008 | $254.29M | $-34.45M | 58.64% | 24.22% | -13.55% |
| 2009 | $256.61M | $-6.30M | 58.11% | 22.69% | -2.46% |
| 2010 | $257.43M | $-2.88M | 57.77% | 21.38% | -1.12% |
| 2011 | $279.09M | $-1.09M | 57.60% | 21.25% | -0.39% |
| 2012 | $327.93M | $5.98M | 56.97% | 20.98% | 1.82% |
| 2013 | $409.64M | $16.67M | 56.51% | 20.89% | 4.07% |
| 2014 | $469.80M | $28.51M | 55.95% | 19.52% | 6.07% |
| 2015 | $658.79M | $155.45M | 57.59% | 23.42% | 23.60% |
| 2016 | $815.66M | $26.32M | 56.37% | 21.37% | 3.23% |
| 2017 | $961.39M | $72.18M | 56.34% | 20.40% | 7.51% |
| 2018 | $1.11B | $107.23M | 55.42% | 22.08% | 9.70% |
| 2019 | $1.25B | $161.55M | 56.27% | 48.85% | 12.91% |
| 2020 | $1.38B | $131.61M | 55.60% | 47.69% | 9.52% |
| 2021 | $2.26B | $380.20M | 50.92% | 19.78% | 16.82% |
| 2022 | $2.93B | $242.00M | 48.25% | 18.97% | 8.25% |
| 2023 | $3.18B | $-213.30M | 46.96% | 17.64% | -6.71% |
| 2024 | $3.20B | $89.00M | 46.83% | 16.33% | 2.78% |
| 2025 | $2.31B | $1.37B | 9.26% | 20.91% | 59.57% |
Frequently asked questions
What is Sun Communities Inc's revenue?
Sun Communities Inc's trailing twelve-month revenue is $2.34B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is SUI?
In its most recent fiscal year, SUI ran a gross margin of 9.26%, an operating margin of 20.91%, and a net margin of 59.57%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does SUI generate?
SUI produced $402.50M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is SUI's balance sheet healthy?
SUI holds $636.10M in cash and equivalents against $4.26B in long-term debt, on $7.07B of shareholder equity. That debt is best read against the cash flow the business throws off each year.