Company Quick10K Filing
Sun Communities
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 88 $11,237
10-Q 2019-10-24 Quarter: 2019-09-30
10-Q 2019-07-25 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-10-25 Quarter: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-04-24 Quarter: 2018-03-31
10-K 2018-02-22 Annual: 2017-12-31
10-Q 2017-10-24 Quarter: 2017-09-30
10-Q 2017-07-27 Quarter: 2017-06-30
10-Q 2017-04-27 Quarter: 2017-03-31
10-K 2017-02-23 Annual: 2016-12-31
10-Q 2016-11-01 Quarter: 2016-09-30
10-Q 2016-08-02 Quarter: 2016-06-30
10-Q 2016-04-26 Quarter: 2016-03-31
10-K 2016-02-23 Annual: 2015-12-31
10-Q 2015-10-27 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-04-23 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-24 Quarter: 2014-06-30
10-Q 2014-04-30 Quarter: 2014-03-31
10-K 2014-02-20 Annual: 2013-12-31
10-Q 2013-10-29 Quarter: 2013-09-30
10-Q 2013-07-25 Quarter: 2013-06-30
10-Q 2013-04-25 Quarter: 2013-03-31
10-K 2013-02-25 Annual: 2012-12-31
10-Q 2012-10-25 Quarter: 2012-09-30
10-Q 2012-07-26 Quarter: 2012-06-30
10-Q 2012-04-26 Quarter: 2012-03-31
10-K 2012-02-23 Annual: 2011-12-31
10-Q 2011-10-25 Quarter: 2011-09-30
10-Q 2011-07-28 Quarter: 2011-06-30
10-Q 2011-04-28 Quarter: 2011-03-31
10-Q 2010-10-28 Quarter: 2010-09-30
10-Q 2010-07-28 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-11 Annual: 2010-03-11
8-K 2020-01-13 Enter Agreement, Exhibits
8-K 2020-01-09 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-11-12 Regulation FD, Exhibits
8-K 2019-11-05 Other Events, Exhibits
8-K 2019-10-30 Other Events, Exhibits
8-K 2019-10-25 Other Events, Exhibits
8-K 2019-09-03 Regulation FD, Exhibits
8-K 2019-08-22 Enter Agreement, Sale of Shares, Other Events, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-06-03 Regulation FD, Exhibits
8-K 2019-05-31 Enter Agreement, Other Events, Exhibits
8-K 2019-05-24 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-02-26 Regulation FD, Exhibits
8-K 2019-02-22 Other Events
8-K 2019-02-20 Earnings, Exhibits
8-K 2019-02-19 Other Events, Exhibits
8-K 2019-02-05 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-12-04 Other Events, Exhibits
8-K 2018-11-07 Regulation FD, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-09-19 Regulation FD, Exhibits
8-K 2018-09-07 Enter Agreement, Other Events, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-06-04 Regulation FD, Exhibits
8-K 2018-05-18 Shareholder Vote
8-K 2018-04-26 Other Events, Exhibits
8-K 2018-04-23 Earnings, Exhibits
8-K 2018-03-07 Other Events, Exhibits
8-K 2018-02-27 Regulation FD, Exhibits
8-K 2018-02-21 Earnings, Exhibits
8-K 2018-02-13 Other Events, Exhibits

Sun Communities Financials

SUI Metrics, Comps, Filings

Annual | Quarterly

Business

Sun Communities, Inc., a Maryland corporation, and all wholly-owned or majority-owned and controlled subsidiaries, including Sun Communities Operating Limited Partnership, a Michigan limited partnership (the "Operating Partnership") and Sun Home Services, Inc., a Michigan corporation ("SHS") are referred to herein as the "Company," "us," "we," and "our". We are a self-administered and self-managed real estate investment trust ("REIT").

We are a fully integrated real estate company which, together with our affiliates and predecessors, have been in the business of acquiring, operating, developing, and expanding manufactured housing ("MH") and recreational vehicle ("RV") communities since 1975. We lease individual parcels of land ("sites") with utility access for placement of manufactured homes and RVs to our customers. We are also engaged through a taxable subsidiary, SHS, in the marketing, selling, and leasing of new and pre-owned homes to current and future residents in our communities. The operations of SHS support and enhance our occupancy levels, property performance and cash flows.

We own, operate, or have an interest in a portfolio of MH and RV communities. As of December 31, 2018, we owned, operated or had an interest in a portfolio of 371 properties in 31 states and Ontario, Canada (collectively, the "Properties" or "Communities"), including 230 MH communities, 110 RV communities, and 31 Properties containing both MH and RV sites. As of December 31, 2018, the Properties contained an aggregate of 128,454 developed sites comprised of 84,428 developed MH sites, 24,535 annual RV sites (inclusive of both annual and seasonal usage rights), and 19,491 transient RV sites. There are approximately 11,000 additional MH and RV sites suitable for development.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
WP Carey (WPC) 13,963 97% 19.2 3% 14,192 7,201 1,086 1,051 412 1,034 19,878
Mid America Apartment (MAA) 13,556 0% 57.5 1% 11,275 4,990 407 0 64 235 13,498
Annaly Capital Management (NLY) 13,310 -5.9 -3% 131,801 116,093 0 0 -4,495 -2,005 11,832
Host Hotels & Resorts (HST) 13,227 0% 4.9 9% 12,525 4,910 5,624 0 1,160 2,457 11,917
UDR (UDR) 12,621 0% 37.1 2% 8,197 4,229 1,086 0 183 445 16,484
Vornado Realty Trust (VNO) 12,535 0% 3.4 18% 17,914 9,556 1,541 0 3,142 3,719 12,729
Duke Realty (DRE) 12,133 0% 23.1 3% 8,014 3,312 1,005 0 235 648 14,979
Regency Centers (REG) 11,683 0% 83.5 0% 10,947 4,594 560 0 53 183 15,325
Equity Lifestyle Properties (ELS) 11,481 0% 32.6 7% 4,014 2,707 1,008 0 279 349 11,390
Sun Communities (SUI) 11,237 45% 23.2 2% 7,222 3,542 1,197 536 143 483 11,191
Camden Property Trust (CPT) 10,322 0% 22.4 2% 6,622 2,933 489 0 162 566 12,644
Federal Realty Investment Trust (FRT) 10,090 0% 16.0 4% 6,384 3,738 928 0 265 624 9,950
Vici Properties (VICI) 10,008 98% 16.1 5% 12,522 4,450 893 876 584 802 12,923
AGNC Investment (AGNC) 9,214 7.0 -1% 106,576 96,230 0 0 -767 1,074 7,555
Vereit (VER) 8,938 0% 13.7 2% 13,782 6,430 627 0 319 1,046 14,364
National Retail Properties (NNN) 8,907 0% 15.4 4% 7,253 3,030 644 0 278 579 8,904
Iron Mountain (IRM) 8,878 43% 16.7 3% 13,721 12,063 4,243 1,813 349 1,038 17,309
Lamar Advertising (LAMR) 8,358 66% 22.1 6% 5,799 4,660 1,680 1,110 360 512 11,340
Gaming & Leisure Properties (GLPI) 8,344 0% 16.4 4% 8,564 6,405 1,134 0 337 860 14,116
Omega Healthcare (OHI) 8,301 0% 18.4 3% 9,098 5,046 669 0 272 706 13,000

Balance Sheet ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash983141171312
Accounts Receivable
Inventory
PP&E1,7552,5683,7215,4695,6456,118
Assets1,9992,9384,1915,8716,1126,710
Accounts Payable
Long-Term Debt1,4911,8143,0913,0703,122
Liabilities1,6021,9982,5713,4423,4053,479
Stockholders' Equity3818921,4562,2962,5983,107
Income Statement ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue4004516578139581,127
Cost of Revenue123
Gross Profit1,003
R&D
SG&A364355748797
Tax0000-00
Net Income20331703182120
Cash Flow ($MM)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating115133182239262363
Cash Investing-352-551-413-1,615-402-734
Cash Financing2134961931,339142410