Sun Communities Inc. Common Stock (SUI)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Sun Communities as a REIT owner of manufactured-housing and RV properties: 455 developed MH/RV properties with about 156,130 developed sites as of June 30, 2026, plus 54 U.K. properties. The business has a real moat: limited new supply of manufactured-housing parks, sticky tenants, and recurring rent. But the reported numbers are noisy and currently weak. In fiscal FY2025, revenue was $2.3B and net income was $1.4B, or diluted EPS $10.84, yet that profit was lifted by fiscal Q2 2025, when net income was $1.3B and EPS $10.02. By fiscal Q1 2026, revenue was $507.9M but net income was a loss of $6.4M, or EPS -$0.07. The latest quarter shown (2026-Q2) was even more negative, with a reported net loss and a -207.50% margin. FairStock's figures at the 2026-10-13 close put P/E at 144.81 and P/B at 2.51. ROE is only 1.72%, ROCE 2.56%, debt-to-equity 0.73, and the Altman Z-Score is 1.26, so leverage and coverage deserve attention. The dividend yield is 3.94%, and trailing FCF is $899.5M, a 6.5% FCF yield, which is the most attractive part. Revenue growth is -0.23%, and profit growth is -177.94%. FFO/AFFO, the right REIT measures, are not in my data, so I cannot properly value the REIT; price-to-book at 2.51 is not cheap, and the high P/E shows reported earnings are weak. This looks like the Lynch category given: a TURNAROUND, not a clear bargain.

In plain English: Sun Communities owns and operates manufactured-housing and RV communities. The business produces rent-like cash flow and pays a dividend, but its recent profits have been uneven and weak, with losses in some periods. At the recent price, the shares look fair to expensive against reported earnings, though cash flow and the dividend give some support.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer