Sun Communities (SUI)
Real Estate · Manufactured Housing and RV Community REIT
A fully integrated REIT that owns and operates manufactured housing, recreational vehicle, and holiday park communities across the US, Canada, and UK, providing affordable housing and vacation opportunities through site-based leasing.
What Sun Communities does
Sun Communities is a fully integrated REIT that owns, operates, and develops manufactured housing (MH) and recreational vehicle (RV) communities in the United States, Canada, and the UK, as well as holiday parks in the UK. The company leases individual parcels of land with utility access to customers, offers home sales through its taxable REIT subsidiary Sun Home Services, and provides amenities and services to residents. As of December 31, 2025, it owned or had interests in 513 developed properties comprising 294 MH communities, 166 RV communities, and 53 UK holiday parks across 178,650 developed sites.
Themes: ["Affordable housing / MH communities"]
Fundamentals
- Price$118.74 as of 2026-07-09 close
- Market cap$14.7B as of 2026-07-10
- 1-year return-6.8% as of 2026-07-09 close
- P/E10.44 as of 2026-07-10
- Net margin+60.0% as of 2026-07-10
- Gross margin+53.5% as of 2026-07-10
- ROE+19.4% as of 2026-07-10
- Debt / equity0.61 as of 2026-07-10
- Revenue growth (YoY)-22.4% as of 2026-07-10
- Revenue CAGR (3y)-8.1% SEC XBRL
- Beta0.78 as of 2026-07-10
Dividend: yield +3.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Foreign currency exposure, particularly to UK operations; the filing shows $24.5 million loss on foreign currency exchanges in Q1 2026"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.