Sun Communities, Inc.

NYSE:SUI Stock Report

Market Cap: US$16.3b

Sun Communities Valuation

Is SUI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SUI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$160.57
Fair Value
22.4% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: SUI ($124.62) is trading below our estimate of fair value ($160.57)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SUI?

Key metric: As SUI is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SUI. This is calculated by dividing SUI's market cap by their current revenue.
What is SUI's PS Ratio?
PS Ratio5x
SalesUS$3.19b
Market CapUS$16.27b

Price to Sales Ratio vs Peers

How does SUI's PS Ratio compare to its peers?

The above table shows the PS ratio for SUI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.6x
AMH American Homes 4 Rent
8.1x6.1%US$16.3b
INVH Invitation Homes
8.2x4.3%US$21.5b
ELS Equity LifeStyle Properties
8x3.8%US$12.8b
UMH UMH Properties
6x8.5%US$1.5b
SUI Sun Communities
5x-1.8%US$16.3b

Price-To-Sales vs Peers: SUI is good value based on its Price-To-Sales Ratio (5x) compared to the peer average (7.6x).

Price to Sales Ratio vs Industry

How does SUI's PS Ratio compare vs other companies in the US Residential REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
CLPR Clipper Realty
0.4x-3.5%US$170.28m
BHM Bluerock Homes Trust
0.7xn/aUS$133.55m
No more companies available in this PS range
SUI 5.0xIndustry Avg. 5.6xNo. of Companies5PS03.26.49.612.816+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SUI is good value based on its Price-To-Sales Ratio (5x) compared to the North American Residential REITs industry average (5.7x).

Price to Sales Ratio vs Fair Ratio

What is SUI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SUI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: SUI is expensive based on its Price-To-Sales Ratio (5x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SUI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$124.62
US$139.08
+11.6%
7.7%US$160.00US$124.00n/a13
May ’26US$130.38
US$140.15
+7.5%
8.0%US$160.00US$124.00n/a13
Apr ’26US$128.48
US$140.55
+9.4%
8.7%US$160.00US$124.00n/a11
Mar ’26US$136.15
US$137.07
+0.7%
12.5%US$172.00US$110.00n/a14
Feb ’26US$126.50
US$135.29
+6.9%
12.2%US$172.00US$110.00n/a14
Jan ’26US$122.97
US$136.33
+10.9%
11.5%US$172.00US$110.00n/a15
Dec ’25US$126.33
US$138.73
+9.8%
12.0%US$172.00US$110.00n/a15
Nov ’25US$130.31
US$148.40
+13.9%
8.1%US$172.00US$120.00n/a15
Oct ’25US$133.74
US$146.29
+9.4%
8.3%US$172.00US$120.00n/a14
Sep ’25US$135.24
US$143.00
+5.7%
9.3%US$172.00US$120.00n/a14
Aug ’25US$133.20
US$139.36
+4.6%
10.4%US$172.00US$120.00n/a14
Jul ’25US$118.76
US$138.87
+16.9%
11.2%US$172.00US$117.00n/a15
Jun ’25US$117.99
US$138.87
+17.7%
11.2%US$172.00US$117.00n/a15
May ’25US$112.78
US$142.07
+26.0%
10.6%US$172.00US$117.00US$130.3815
Apr ’25US$125.44
US$145.47
+16.0%
9.1%US$172.00US$123.00US$128.4815
Mar ’25US$132.74
US$145.13
+9.3%
9.6%US$170.00US$116.00US$136.1515
Feb ’25US$129.39
US$145.27
+12.3%
9.6%US$170.00US$116.00US$126.5015
Jan ’25US$133.65
US$143.93
+7.7%
10.2%US$170.00US$116.00US$122.9714
Dec ’24US$132.67
US$139.93
+5.5%
11.0%US$173.00US$116.00US$126.3314
Nov ’24US$113.49
US$137.36
+21.0%
13.1%US$173.00US$110.00US$130.3114
Oct ’24US$118.34
US$150.23
+26.9%
6.6%US$173.00US$129.00US$133.7413
Sep ’24US$121.97
US$151.54
+24.2%
5.4%US$173.00US$139.00US$135.2413
Aug ’24US$129.92
US$153.00
+17.8%
5.5%US$173.00US$139.00US$133.2013
Jul ’24US$130.46
US$158.42
+21.4%
5.5%US$173.00US$140.00US$118.7612
Jun ’24US$128.06
US$158.55
+23.8%
4.9%US$169.00US$140.00US$117.9911
May ’24US$139.18
US$160.64
+15.4%
3.7%US$169.00US$151.00US$112.7811
AnalystConsensusTarget
Consensus Narrative from 13 Analysts
US$139.08
Fair Value
10.4% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/07 11:32
End of Day Share Price 2025/05/07 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sun Communities, Inc. is covered by 31 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
Anthony PowellBarclays
Anthony PowellBarclays