120.33
+0.02%
Close of 9 Nov 2026, in USD
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About Sun Communities
From its filings with the US Securities and Exchange Commission
Sun Communities is based in Southfield, Michigan and is incorporated in Maryland. Its shares trade on NYSE under the ticker SUI. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $2.31bn and net income of $1.41bn. At that date it held total assets of $12.52bn and shareholders' equity of $6.96bn.
We are a fully integrated real estate investment trust ("REIT"). We own manufactured housing ("MH") and recreational vehicle ("RV") communities in the United States ("U.S."), Canada, and the UK (together with MH and RV, the "properties"). We self-administer, self-manage, operate, or hold an interest in, and develop the majority of our properties, and a select number of our communities are operated by independent third-party contractors on our behalf under management agreements. Others are operated by lessees under ground lease arrangements. Together with our affiliates and predecessors, we have been in the business of operating, acquiring, developing, and expanding MH and RV communities since 1975 and communities in the UK since 2022.
For our MH and RV businesses, we lease individual parcels of land, or sites, with utility access for the placement of manufactured homes and RVs to our MH and RV customers. Our MH communities are designed to offer affordable housing to individuals and families, while also providing certain amenities. Our RV communities are designed to offer affordable vacation opportunities to individuals and families complemented by a diverse selection of high-quality amenities. Through SHS, a taxable REIT subsidiary, we market, sell, and lease new and pre-owned homes to current and future residents in our MH and RV communities. The operations of SHS support and enhance our occupancy levels, property performance, and cash flows.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 9 Dec 1993
- Employees
- 3,614
- Website
- suncommunities.com ↗
- Head office
- 27777 FRANKLIN ROAD, SOUTHFIELD, MI, 48034
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Gary ShiffmanNon-Executive Chairman of the Board, since 2025$2.0m
- Mr. John MclarenPresident$3.3m
- Mr. Charles YoungChief Executive Officer
- Mr. Fernando Castro-CaratiniExecutive Vice President, Chief Financial Officer, Treasurer, Secretary$2.4m
- Mr. Baxter UnderwoodChief Executive Officer - Safe Harbor$9.6m
- Mr. Bruce ThelenExecutive Vice President, Chief Operating Officer$2.6m
- Mr. Marc FarrugiaExecutive Vice President, Chief Administrative Officer$2.0m
- Mr. Aaron WeissExecutive Vice President - Corporate Strategy and Business Development$3.4m
- Mr. Clunet LewisLead Independent Director$416,530
- Ms. Tonya AllenIndependent Director$366,530
- Ms. Meghan BaivierIndependent Director$385,520
- Mr. Jeff BlauIndependent Director$368,749
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 59
- Environment
- 39
- Social
- 55
- Governance
- 82
- Direct emissions (scope 1)
- 38,505 t
- Energy emissions (scope 2)
- 148,680 t
- Value chain emissions (scope 3)
- 4,803,839 t
- Women in the workforce
- 40%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Sun Communities Inc demonstrates a number of strengths that contribute to its success in the market:
- Sun Communities Inc holds a prominent position in the market as one of the leading providers of manufactured housing and recreational properties. This strong market presence allows the company to capture a significant share and maintain a competitive edge in the industry.
- The company boasts a diverse portfolio of properties, including manufactured homes, RV resorts, and marinas. This diversity not only helps mitigate risks associated with changes in market demand but also enables Sun Communities Inc to cater to different customer preferences and demographics, ensuring steady revenue streams.
- Sun Communities Inc exhibits robust financial performance, characterized by consistent revenue growth and solid profitability. Its ability to generate strong cash flows and maintain healthy margins provides the company with the resources needed to invest in new properties, upgrade existing assets, and pursue future growth opportunities.
Weaknesses
- Sun Communities Inc faces certain weaknesses that may hinder its growth and performance:
- The company's revenue heavily relies on a limited number of high-value properties. This concentration poses a risk as a decline in demand or any disruption affecting those properties could have a significant negative impact on Sun Communities Inc's financial results.
- Sun Communities Inc's business is sensitive to changes in economic conditions, particularly with respect to disposable income levels and consumer spending on discretionary items such as recreational properties. Economic downturns or recessions may lead to decreased demand for the company's offerings, affecting its financial performance.
Opportunities
- Several opportunities exist for Sun Communities Inc to further enhance its market position and profitability:
- The increasing need for affordable housing presents an opportunity for Sun Communities Inc to expand its manufactured housing segment. By strategically acquiring and developing affordable housing properties, the company can tap into a growing market and meet the rising demand for cost-effective living options.
- The aging population and retirement trends provide a favorable environment for Sun Communities Inc's RV resort and retirement community offerings. As more individuals enter retirement age, there is a growing interest in lifestyle communities and properties catered to this demographic, presenting an opportunity for the company to capture a larger market share.
Threats
- Sun Communities Inc faces certain threats that could impact its operations and financial performance:
- As the company operates in the real estate sector, it is exposed to regulatory and environmental risks. Changes in legislation or regulations, such as zoning laws or environmental protection measures, may impose additional costs, restrict development activities, or limit the potential for expansion.
- The market for manufactured housing and recreational properties is highly competitive, with a number of established players and emerging competitors. Sun Communities Inc faces the risk of losing market share, pricing pressures, or reduced occupancy rates due to the intense competition within the industry.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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