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SUI

Sun CommunitiesNYSE:SUI Stock Report

Last Price

US$188.29

Market Cap

US$23.1b

7D

-4.8%

1Y

28.1%

Updated

21 Jan, 2022

Data

Company Financials +
SUI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health2/6
Dividends5/6

SUI Stock Overview

Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.

Sun Communities Competitors

AvalonBay Communities

NYSE:AVB

US$33.8b

Invitation Homes

NYSE:INVH

US$25.1b

Mid-America Apartment Communities

NYSE:MAA

US$24.1b

Essex Property Trust

NYSE:ESS

US$22.4b

Price History & Performance

Summary of all time highs, changes and price drops for Sun Communities
Historical stock prices
Current Share PriceUS$188.29
52 Week HighUS$211.79
52 Week LowUS$138.11
Beta0.65
1 Month Change-8.47%
3 Month Change-6.93%
1 Year Change28.14%
3 Year Change78.22%
5 Year Change140.23%
Change since IPO829.83%

Recent News & Updates

Dec 27
Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today

Here's Why I Think Sun Communities (NYSE:SUI) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Dec 02

Sun Communities: Park Holidays Acquisition Is A Key Positive

Sun Communities recently agreed to acquire Park Holidays. The deal was highly accretive, in my view. The announcement was more positive for me than just the numbers. The move augurs a favorable growth strategy in an attractive geography. There is an opportunity here as the consensus revisions seem conservative and the stock price is at the same point as before the announcement.

Shareholder Returns

SUIUS REITsUS Market
7D-4.8%-3.8%-6.1%
1Y28.1%24.0%4.2%

Return vs Industry: SUI exceeded the US REITs industry which returned 24.7% over the past year.

Return vs Market: SUI exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is SUI's price volatile compared to industry and market?
SUI volatility
SUI Average Weekly Movement3.4%
REITs Industry Average Movement4.1%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: SUI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SUI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19754,458Gary Shiffmanhttps://www.suncommunities.com

Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.

Sun Communities Fundamentals Summary

How do Sun Communities's earnings and revenue compare to its market cap?
SUI fundamental statistics
Market CapUS$23.07b
Earnings (TTM)US$372.58m
Revenue (TTM)US$2.09b

61.9x

P/E Ratio

11.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SUI income statement (TTM)
RevenueUS$2.09b
Cost of RevenueUS$936.20m
Gross ProfitUS$1.16b
ExpensesUS$783.07m
EarningsUS$372.58m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 21, 2022

Earnings per share (EPS)3.04
Gross Margin55.25%
Net Profit Margin17.81%
Debt/Equity Ratio68.9%

How did SUI perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is Sun Communities undervalued compared to its fair value and its price relative to the market?

28.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SUI ($188.29) is trading below our estimate of fair value ($261.45)

Significantly Below Fair Value: SUI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SUI is poor value based on its PE Ratio (61.9x) compared to the US REITs industry average (44.2x).

PE vs Market: SUI is poor value based on its PE Ratio (61.9x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: SUI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SUI is overvalued based on its PB Ratio (3.4x) compared to the US REITs industry average (2x).


Future Growth

How is Sun Communities forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUI's earnings are forecast to decline over the next 3 years (-9.5% per year).

Earnings vs Market: SUI's earnings are forecast to decline over the next 3 years (-9.5% per year).

High Growth Earnings: SUI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SUI's revenue (13.5% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: SUI's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUI's Return on Equity is forecast to be low in 3 years time (4.8%).


Past Performance

How has Sun Communities performed over the past 5 years?

32.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUI has a large one-off gain of $123.4M impacting its September 30 2021 financial results.

Growing Profit Margin: SUI's current net profit margins (17.8%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: SUI's earnings have grown significantly by 32.8% per year over the past 5 years.

Accelerating Growth: SUI's earnings growth over the past year (145.8%) exceeds its 5-year average (32.8% per year).

Earnings vs Industry: SUI earnings growth over the past year (145.8%) exceeded the REITs industry 30.5%.


Return on Equity

High ROE: SUI's Return on Equity (6%) is considered low.


Financial Health

How is Sun Communities's financial position?


Financial Position Analysis

Short Term Liabilities: SUI's short term assets ($386.3M) exceed its short term liabilities ($333.6M).

Long Term Liabilities: SUI's short term assets ($386.3M) do not cover its long term liabilities ($5.4B).


Debt to Equity History and Analysis

Debt Level: SUI's net debt to equity ratio (67.9%) is considered high.

Reducing Debt: SUI's debt to equity ratio has reduced from 125.4% to 68.9% over the past 5 years.

Debt Coverage: SUI's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: SUI's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Dividend

What is Sun Communities's current dividend yield, its reliability and sustainability?

1.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUI's dividend (1.76%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: SUI's dividend (1.76%) is low compared to the top 25% of dividend payers in the US market (3.55%).


Stability and Growth of Payments

Stable Dividend: SUI's dividends per share have been stable in the past 10 years.

Growing Dividend: SUI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.2%), SUI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SUI's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.9yrs

Average management tenure


CEO

Gary Shiffman (67 yo)

no data

Tenure

US$11,142,423

Compensation

Mr. Gary A. Shiffman has been the Secretary of Bingham Financial Services Corp. since 1997 and as its Chairman of the Board since August 1996. Mr. Shiffman has been a Non-Executive Director at Ingenia Comm...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD11.14M) is about average for companies of similar size in the US market ($USD11.42M).

Compensation vs Earnings: Gary's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SUI's management team is seasoned and experienced (13.9 years average tenure).


Board Members

Experienced Board: SUI's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SUI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.3%.


Top Shareholders

Company Information

Sun Communities, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sun Communities, Inc.
  • Ticker: SUI
  • Exchange: NYSE
  • Founded: 1975
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$23.073b
  • Market Cap: US$22.593b
  • Shares outstanding: 122.52m
  • Website: https://www.suncommunities.com

Number of Employees


Location

  • Sun Communities, Inc.
  • 27777 Franklin Road
  • Suite 200
  • Southfield
  • Michigan
  • 48034
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:37
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.