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Sun Communities Inc (SUI)



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Upturn Advisory Summary
08/28/2025: SUI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $139.59
1 Year Target Price $139.59
4 | Strong Buy |
5 | Buy |
5 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -13.06% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 16.37B USD | Price to earnings Ratio - | 1Y Target Price 139.59 |
Price to earnings Ratio - | 1Y Target Price 139.59 | ||
Volume (30-day avg) 15 | Beta 0.83 | 52 Weeks Range 104.84 - 138.83 | Updated Date 08/29/2025 |
52 Weeks Range 104.84 - 138.83 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 3.07% | Basic EPS (TTM) -0.61 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 40.26% | Operating Margin (TTM) 23.14% |
Management Effectiveness
Return on Assets (TTM) 2.32% | Return on Equity (TTM) -0.06% |
Valuation
Trailing PE - | Forward PE 42.73 | Enterprise Value 18534920185 | Price to Sales(TTM) 5.09 |
Enterprise Value 18534920185 | Price to Sales(TTM) 5.09 | ||
Enterprise Value to Revenue 5.76 | Enterprise Value to EBITDA 19.87 | Shares Outstanding 125155000 | Shares Floating 116186824 |
Shares Outstanding 125155000 | Shares Floating 116186824 | ||
Percent Insiders 1.3 | Percent Institutions 106.51 |
Upturn AI SWOT
Sun Communities Inc

Company Overview
History and Background
Sun Communities Inc. was founded in 1975 and went public in 1993. It started as a manufactured housing community operator and has grown through acquisitions and developments to become a leading REIT in the manufactured housing, recreational vehicle (RV), and marina space.
Core Business Areas
- Manufactured Housing: Owns, operates, and acquires manufactured housing communities. Provides housing options for residents, including site rentals and new home sales.
- Recreational Vehicle (RV) Resorts: Owns, operates, and acquires RV resorts, offering amenities and accommodations for RV travelers.
- Marinas: Owns, operates, and acquires marinas, providing boat slips, storage, and other services to boaters.
Leadership and Structure
Gary A. Shiffman serves as Chairman and CEO. The company operates as a real estate investment trust (REIT) with a board of directors and executive management team overseeing its operations.
Top Products and Market Share
Key Offerings
- Manufactured Housing Community Sites: Provides sites for manufactured homes within its communities. Generates revenue through site rentals and related services. Competitors include Equity Lifestyle Properties (ELS) and UMH Properties (UMH). Market share difficult to pinpoint exactly but Sun is a leading player in this fragmented space.
- RV Resort Stays: Offers short-term and long-term stays at its RV resorts, catering to travelers and seasonal residents. Generates revenue through rental fees and amenity charges. Competitors include Equity Lifestyle Properties (ELS) and private RV park operators.
- Marina Services: Provides boat slips, storage, and other services at its marinas. Generates revenue through rental fees, membership fees, and service charges. Competitors include Safe Harbor Marinas and Westrec Marinas.
Market Dynamics
Industry Overview
The manufactured housing, RV resort, and marina industries are experiencing growth driven by demographic trends, affordability concerns, and increased leisure spending. The REIT sector is influenced by interest rates and investor sentiment.
Positioning
Sun Communities is a leading REIT specializing in these asset classes. Its scale, established brand, and experienced management team provide a competitive advantage. High barriers to entry in prime locations also contribute to their competitive edge.
Total Addressable Market (TAM)
TAM is estimated to be hundreds of billions when taking into consideration the manufactured housing, RV and Marina industries. Sun Communities is well-positioned to capture a significant portion of this TAM, given its leadership position and expansion strategies.
Upturn SWOT Analysis
Strengths
- Diversified portfolio across manufactured housing, RV resorts, and marinas
- Strong track record of growth through acquisitions and developments
- Experienced management team
- High occupancy rates in existing communities and resorts
- Strong brand recognition
Weaknesses
- Sensitivity to interest rate fluctuations
- Reliance on acquisitions for growth
- Exposure to economic downturns affecting discretionary spending
- Geographic concentration in certain markets
Opportunities
- Further expansion through acquisitions in fragmented markets
- Development of new communities and resorts
- Increased demand for affordable housing and leisure travel
- Growth in the RV and boating industries
- Technology integration to improve efficiency and customer experience
Threats
- Economic downturns impacting occupancy and rental rates
- Rising interest rates increasing borrowing costs
- Increased competition from other REITs and private operators
- Regulatory changes affecting manufactured housing and RV parks
- Environmental risks affecting marinas
Competitors and Market Share
Key Competitors
- ELS
- UMH
- SAFE
Competitive Landscape
Sun Communities benefits from its diversified portfolio and economies of scale. Equity Lifestyle Properties (ELS) is a major competitor with a similar business model. UMH Properties is a smaller player focused on manufactured housing.
Major Acquisitions
Park Holidays UK
- Year: 2022
- Acquisition Price (USD millions): 1300
- Strategic Rationale: Expanded presence in the UK market, added high-quality holiday parks to the portfolio, and diversified revenue streams.
Growth Trajectory and Initiatives
Historical Growth: Sun Communities has experienced significant growth through acquisitions and organic expansions in recent years.
Future Projections: Analyst estimates are subject to change. Use consensus estimates for revenue and earnings growth for the next few years when available from financial data sources.
Recent Initiatives: Focus on marina acquisitions, expansion of existing RV resorts, and technology investments for enhanced customer experience.
Summary
Sun Communities is a leading REIT in the manufactured housing, RV resort, and marina industries. Its diversified portfolio and experienced management team contribute to its success. The company's growth strategy relies heavily on acquisitions, which can expose it to financial risk. Interest rate fluctuations and economic downturns are key factors to monitor. However, Sun's positioning in growing markets and focus on customer experience provides a strong foundation for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sun Communities Inc
Exchange NYSE | Headquaters Southfield, MI, United States | ||
IPO Launch date 1993-12-08 | Chairman & CEO Mr. Gary A. Shiffman | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 6491 | Website https://www.suncommunities.com |
Full time employees 6491 | Website https://www.suncommunities.com |
Established in 1975, Sun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of March 31, 2025, the Company owned, operated, or had an interest in a portfolio of 502 developed MH, RV, and UK properties comprising approximately 174,850 developed sites in the U.S., Canada, and the U.K. The Company also owned, operated, or held an interest in a portfolio of 138 marina properties comprising approximately 48,790 wet slips and dry storage spaces in the U.S. and Puerto Rico, which were classified within discontinued operations as of March 31, 2025.

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