SUN Communities Inc income statement
In fiscal 2025, SUN Communities Inc reported revenue of $2.31bn, up 2.0% on the year before and net income of $1.41bn, or $10.84 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 259 | 266 | 289 | 339 | 423 | 484 | 675 | 834 | 983 | 1,127 | 1,264 | 1,398 | 2,273 | 2,970 | 2,284 | 2,261 | 2,306 | 2,411 |
| Cost of revenue | — | — | — | — | — | — | — | 80 | 95 | 123 | 149 | 147 | 206 | 311 | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | 753 | 887 | 1,003 | 1,115 | 1,251 | 2,067 | 2,659 | — | — | — | — |
| General and administrative | 25 | 25 | 27 | 28 | 36 | 37 | 47 | 64 | 84 | 81 | 93 | 110 | 181 | 257 | 214 | 231 | 237 | 261 |
| Operating income | 145 | 148 | 160 | 186 | 231 | 267 | 385 | 467 | 551 | — | — | — | — | — | — | — | — | — |
| Interest expense | 63 | 65 | 65 | 68 | 73 | 74 | 108 | 119 | 127 | 131 | 133 | 129 | 159 | 230 | 326 | 350 | 221 | 163 |
| Net interest income | — | — | 9 | 9 | 11 | — | — | 3 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | −5 | −2 | −2 | 4 | 18 | 10 | 39 | 36 | 73 | 130 | 140 | 136 | 285 | — | −54 | −123 | −257 | — |
| Income tax | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | −0 | 0 | 1 | −1 | 1 | 6 | −9 | −36 | −49 | — |
| Net income | −6 | −3 | −1 | 6 | 17 | 29 | 155 | 26 | 72 | 107 | 162 | 132 | 408 | 261 | −207 | 104 | 1,414 | −721 |
| Diluted EPS | −$0.34 | −$0.15 | −$0.05 | $0.18 | $0.31 | $0.54 | $2.52 | $0.26 | $0.85 | $1.29 | $1.80 | $1.34 | $3.36 | $2.00 | −$1.72 | $0.71 | $10.84 | −$5.83 |
| Diluted shares (average) | 18m | 19m | 21m | 27m | 34m | 54m | 54m | 66m | 77m | 82m | 89m | 98m | 115m | 123m | 124m | 127m | 125m | 124m |
| EBITDA | 209 | 215 | 234 | 276 | 341 | 401 | 562 | 689 | 812 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 515 | 470 | 496 | 556 | 860 | 508 | 485 | 558 |
| General and administrative | 60 | 57 | 51 | 46 | 93 | 70 | 50 | 49 |
| Interest expense | 83 | 82 | 54 | 40 | 49 | 38 | 38 | 38 |
| Net income | −210 | −41 | 1,314 | 12 | 175 | −6 | −1,016 | 126 |
| Diluted EPS | −$1.80 | −$0.34 | $10.02 | $0.07 | $1.03 | −$0.07 | −$8.08 | $1.00 |
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