Sun Communities, Inc.

NYSE:SUI Stock Report

Market Cap: US$16.1b

Sun Communities Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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.

Below Fair Value: SUI ($123.68) is trading below our estimate of fair value ($187.27)

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 profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SUI. This is calculated by dividing SUI's market cap by their current earnings.
What is SUI's PE Ratio?
PE Ratio68.1x
EarningsUS$231.20m
Market CapUS$16.12b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SUI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average70.1x
AMH American Homes 4 Rent
38.5x-7.3%US$15.2b
INVH Invitation Homes
44.8x5.7%US$19.8b
ELS Equity LifeStyle Properties
35.1x5.4%US$13.2b
UMH UMH Properties
162.2x53.1%US$1.5b
SUI Sun Communities
68.1x1.6%US$16.1b

Price-To-Earnings vs Peers: SUI is good value based on its Price-To-Earnings Ratio (68.1x) compared to the peer average (70.1x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SUI 68.1xIndustry Avg. 25.8xNo. of Companies9PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SUI is expensive based on its Price-To-Earnings Ratio (68.1x) compared to the Global Residential REITs industry average (25.8x).

Price to Earnings Ratio vs Fair Ratio

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

SUI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio68.1x
Fair PE Ratio35.9x

Price-To-Earnings vs Fair Ratio: SUI is expensive based on its Price-To-Earnings Ratio (68.1x) compared to the estimated Fair Price-To-Earnings Ratio (35.9x).

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$123.68
US$136.47
+10.3%
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$117.00n/a15
Apr ’25US$125.44
US$145.47
+16.0%
9.1%US$172.00US$123.00n/a15
Mar ’25US$132.74
US$145.13
+9.3%
9.6%US$170.00US$116.00n/a15
Feb ’25US$129.39
US$145.27
+12.3%
9.6%US$170.00US$116.00n/a15
Jan ’25US$133.65
US$143.93
+7.7%
10.2%US$170.00US$116.00n/a14
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
Apr ’24US$140.88
US$163.73
+16.2%
5.8%US$185.00US$151.00US$125.4411
Mar ’24US$138.97
US$166.60
+19.9%
5.8%US$185.00US$155.00US$132.7410
Feb ’24US$157.99
US$164.90
+4.4%
5.5%US$185.00US$152.00US$129.3910
Jan ’24US$143.00
US$163.10
+14.1%
5.2%US$185.00US$153.00US$133.6510
Dec ’23US$147.10
US$162.90
+10.7%
5.2%US$185.00US$153.00US$132.6710

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 Analysis2024/12/22 01:44
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Sun Communities, Inc. is covered by 30 analysts. 8 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