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Sun Communities Inc (SUI)

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Upturn Advisory Summary
01/08/2026: SUI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $139
1 Year Target Price $139
| 4 | Strong Buy |
| 5 | Buy |
| 5 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.73% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 16.15B USD | Price to earnings Ratio - | 1Y Target Price 139 |
Price to earnings Ratio - | 1Y Target Price 139 | ||
Volume (30-day avg) 15 | Beta 0.9 | 52 Weeks Range 103.13 - 130.41 | Updated Date 01/8/2026 |
52 Weeks Range 103.13 - 130.41 | Updated Date 01/8/2026 | ||
Dividends yield (FY) 3.23% | Basic EPS (TTM) -2.77 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 31.35% | Operating Margin (TTM) 30.5% |
Management Effectiveness
Return on Assets (TTM) 2.47% | Return on Equity (TTM) -3.9% |
Valuation
Trailing PE - | Forward PE 45.87 | Enterprise Value 18882088432 | Price to Sales(TTM) 4.99 |
Enterprise Value 18882088432 | Price to Sales(TTM) 4.99 | ||
Enterprise Value to Revenue 5.86 | Enterprise Value to EBITDA 30.64 | Shares Outstanding 123436693 | Shares Floating 114706141 |
Shares Outstanding 123436693 | Shares Floating 114706141 | ||
Percent Insiders 1.21 | Percent Institutions 102.54 |
Upturn AI SWOT
Sun Communities Inc

Company Overview
History and Background
Sun Communities Inc. (NYSE: SUI) was founded in 1993 by Gary A. Chen. It began as a real estate investment trust (REIT) focused on manufactured housing communities. Over the years, SUI has expanded its portfolio to include RV resorts and has grown both organically and through strategic acquisitions. The company has become a leading owner and operator of manufactured housing and RV communities in the United States.
Core Business Areas
- Manufactured Housing Communities: Owns and operates manufactured housing communities, which provide affordable housing solutions. These communities offer home sites for residents to place their manufactured homes.
- Recreational Vehicle (RV) Resorts: Owns and operates RV resorts, offering sites for recreational vehicles, often with enhanced amenities and services catering to vacationers and seasonal travelers.
- Commercial Properties: Leases commercial space within some of its communities to businesses that serve its residents.
Leadership and Structure
Sun Communities Inc. is led by a management team with extensive experience in real estate and community operations. The company operates as a REIT, structured to own, operate, and redevelop manufactured housing and RV communities. Key leadership roles include CEO, CFO, and various operational and development heads.
Top Products and Market Share
Key Offerings
- Manufactured Housing Site Leases: The primary offering involves leasing land to residents who own their manufactured homes. This segment benefits from recurring rental income. Competitors include other manufactured housing REITs and private operators.
- RV Site Rentals: Leasing of RV sites, often with premium amenities, catering to the growing RV market. Competitors include other RV resort operators and campgrounds.
- Home Sales and Rentals: Sun Communities also offers manufactured homes for sale or rent within its communities, though site leasing remains the core revenue driver.
Market Dynamics
Industry Overview
The manufactured housing and RV resort industries are characterized by stable demand driven by affordability, lifestyle trends, and an aging population. The REIT structure allows for tax advantages and a focus on long-term asset appreciation. The industry is fragmented but consolidating, with larger players like SUI acquiring smaller portfolios.
Positioning
Sun Communities Inc. is positioned as a leading consolidator in the manufactured housing and RV resort markets. Its competitive advantages include a diversified geographic portfolio, a strong track record of operational efficiency, strategic acquisitions, and a focus on enhancing resident experience and community amenities.
Total Addressable Market (TAM)
The total addressable market for manufactured housing and RV communities is substantial, driven by the need for affordable housing and the growing popularity of RV travel. While specific TAM figures vary, the U.S. manufactured housing market alone comprises millions of homes, and the RV sector continues to expand. Sun Communities Inc. holds a significant position within this market, actively participating in its consolidation and growth.
Upturn SWOT Analysis
Strengths
- Strong portfolio of high-quality manufactured housing and RV communities.
- Experienced management team with a proven track record in real estate and community operations.
- Diversified geographic presence across multiple states.
- Reputation for operational excellence and resident satisfaction.
- Ability to acquire and integrate properties effectively.
Weaknesses
- Reliance on a significant amount of debt for acquisitions.
- Sensitivity to interest rate fluctuations impacting borrowing costs.
- Potential for localized economic downturns to affect occupancy.
Opportunities
- Continued consolidation of the fragmented manufactured housing and RV resort markets.
- Expansion into new geographic regions or complementary property types.
- Opportunity to enhance existing communities with new amenities and services.
- Growing demand for affordable housing solutions.
- Increased interest in RV travel and outdoor recreation.
Threats
- Rising interest rates impacting the cost of capital.
- Increased competition from other REITs and private investors.
- Changes in zoning laws or local regulations.
- Economic recessions leading to reduced consumer spending.
- Natural disasters impacting property values and operations.
Competitors and Market Share
Key Competitors
- Equity LifeStyle Properties, Inc. (ELS)
- UDR, Inc. (UDR)
- AvalonBay Communities, Inc. (AVB)
Competitive Landscape
Sun Communities Inc. competes in a growing but fragmented market. Its advantages lie in its scale, operational expertise, and strategic acquisition capabilities. However, it faces competition from other large REITs and a multitude of smaller private operators. The ability to secure attractive acquisitions and manage properties efficiently are key differentiators.
Major Acquisitions
Sun RV Resorts Portfolio Acquisition
- Year: 2021
- Acquisition Price (USD millions): 1100
- Strategic Rationale: Significantly expanded Sun Communities' presence in the RV resort segment, diversifying its revenue streams and increasing its market share in a high-growth sector.
Select Manufactured Housing Communities
- Year: 2023
- Acquisition Price (USD millions): 350
- Strategic Rationale: Continued focus on consolidating the manufactured housing market by acquiring well-located and under-managed communities, providing opportunities for operational improvements and rent growth.
Growth Trajectory and Initiatives
Historical Growth: Sun Communities Inc. has experienced significant historical growth, driven by a consistent strategy of acquiring and developing high-quality manufactured housing and RV communities. Its growth has been characterized by both organic expansion and strategic M&A activity.
Future Projections: Future growth projections for Sun Communities Inc. are generally positive, with analysts expecting continued revenue and FFO growth. This outlook is supported by the ongoing demand for its core offerings and the company's ability to execute its acquisition and development strategies.
Recent Initiatives: Recent initiatives may include the acquisition of new communities or portfolios, upgrades and redevelopment of existing properties, and efforts to enhance the resident experience through technology and improved amenities.
Summary
Sun Communities Inc. is a strong player in the manufactured housing and RV resort markets, benefiting from a diversified portfolio, experienced management, and a robust acquisition strategy. The company's consistent financial performance and dividend growth reflect its operational strengths and market position. However, it must remain vigilant regarding rising interest rates and competitive pressures to sustain its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Financial News Websites (e.g., Bloomberg, Reuters)
- Financial Data Providers (e.g., FactSet, Refinitiv)
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Financial data is based on publicly available information and may be subject to change. Market share data is an estimation and may not be exact. All analyses are based on the information available at the time of generation and should not be solely relied upon for investment decisions. Investors should conduct their own due diligence.
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 | CEO & Director Mr. Charles D. Young | ||
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 September 30, 2025, the Company owned, operated, or had an interest in a portfolio of 501 developed MH, RV, and UK properties comprising approximately 174,680 developed sites in the U.S., Canada, and the U.K.

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