Sun Communities, Inc. SUI
Sun Communities, Inc., a Real Estate Investment Trust (REIT), possessed or managed a substantial portfolio of 603 developed manufactured housing, RV, and marina properties as of March 31, 2022. These holdings comprised nearly 159,300 individual developed sites and over 45,700 wet slips and dry storage spaces. Its operational reach spans 39 U.S. states, Canada, Puerto Rico, and the UK.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-06-01) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-03 | $1.12 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-12 | $1.12 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-02-02 | 2025-12-09 | $1.04 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-03 | $1.04 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-04 | $1.04 | Quarterly |
| 2025-05-14 | 2025-05-14 | 2025-05-22 | 2025-04-30 | $4.00 | Special |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-14 | $0.94 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-12-02 | $0.94 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-03 | $0.94 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-06-03 | $0.94 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-15 | 2024-03-01 | $0.94 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-12-01 | $0.93 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-08-17 | $0.93 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-06-06 | $0.93 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-03-03 | $0.93 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-12-01 | $0.88 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-01 | $0.88 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-06-01 | $0.88 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-03-08 | $0.88 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-18 | 2021-12-01 | $0.83 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-09-01 | $0.83 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-06-01 | $0.83 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-03-05 | $0.83 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-12-01 | $0.79 | Quarterly |
Coverage (payout of operating cash flow): 64.75%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $2.31B | $1.37B | $507.90M | $683.80M | $864.20M |
| 2024 | $3.20B | $89.00M | $680.70M | $1.10B | $888.80M |
| 2023 | $3.18B | $-213.30M | $660.00M | $771.60M | $807.90M |
| 2022 | $2.93B | $242.00M | $601.80M | $1.11B | $752.20M |
| 2021 | $2.26B | $380.20M | $522.70M | $1.10B | $770.50M |
| 2020 | $1.38B | $131.61M | $367.00M | $666.70M | $554.03M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.