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SUI

Sun Communities NYSE:SUI Stock Report

Last Price

US$157.70

Market Cap

US$19.6b

7D

-3.2%

1Y

-4.6%

Updated

22 May, 2022

Data

Company Financials +
SUI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
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

Price History & Performance

Summary of all time highs, changes and price drops for Sun Communities
Historical stock prices
Current Share PriceUS$157.70
52 Week HighUS$211.79
52 Week LowUS$151.51
Beta0.64
1 Month Change-15.61%
3 Month Change-14.92%
1 Year Change-4.63%
3 Year Change25.03%
5 Year Change82.33%
Change since IPO678.77%

Recent News & Updates

May 11

Buying More: Beastly Growth On Sale At Sun Communities

Despite a plunging share price, fundamentals for SUI continue to shine. Guidance was raised for Core FFO per share and for same-property NOI growth. We've already seen more than two decades of impressive same-property NOI growth, so it shouldn't be shocking if it continues. While many REITs are showing strong growth due to a weak 2020 or 2021, SUI delivered growth in each year including extremely high growth in 2021. SUI is a great core holding for a long-term portfolio designed to generate total returns and it currently trades at multiples comparable to other housing REITs. Deserves higher.

Shareholder Returns

SUIUS REITsUS Market
7D-3.2%-2.0%-2.7%
1Y-4.6%-2.0%-12.9%

Return vs Industry: SUI underperformed the US REITs industry which returned -2% over the past year.

Return vs Market: SUI exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is SUI's price volatile compared to industry and market?
SUI volatility
SUI Average Weekly Movement4.2%
REITs Industry Average Movement4.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: SUI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SUI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19755,455Gary 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$19.58b
Earnings (TTM)US$353.89m
Revenue (TTM)US$2.35b

55.3x

P/E Ratio

8.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SUI income statement (TTM)
RevenueUS$2.35b
Cost of RevenueUS$1.17b
Gross ProfitUS$1.18b
Other ExpensesUS$828.71m
EarningsUS$353.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.91
Gross Margin50.31%
Net Profit Margin15.06%
Debt/Equity Ratio91.4%

How did SUI perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

55%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


43.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SUI ($157.7) is trading below our estimate of fair value ($278.89)

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 (55.3x) compared to the US REITs industry average (33.4x).

PE vs Market: SUI is poor value based on its PE Ratio (55.3x) compared to the US market (15.2x).


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 (3x) compared to the US REITs industry average (1.7x).


Future Growth

How is Sun Communities forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.9%

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 (-0.9% per year).

Earnings vs Market: SUI's earnings are forecast to decline over the next 3 years (-0.9% per year).

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

Revenue vs Market: SUI's revenue (6.2% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: SUI's revenue (6.2% 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 (4.9%).


Past Performance

How has Sun Communities performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


38.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SUI has a large one-off gain of $97.9M impacting its March 31 2022 financial results.

Growing Profit Margin: SUI's current net profit margins (15.1%) are higher than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: SUI's earnings have grown significantly by 38.3% per year over the past 5 years.

Accelerating Growth: SUI's earnings growth over the past year (106.7%) exceeds its 5-year average (38.3% per year).

Earnings vs Industry: SUI earnings growth over the past year (106.7%) exceeded the REITs industry 69.5%.


Return on Equity

High ROE: SUI's Return on Equity (5.8%) is considered low.


Financial Health

How is Sun Communities's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SUI's short term assets ($705.1M) exceed its short term liabilities ($340.6M).

Long Term Liabilities: SUI's short term assets ($705.1M) do not cover its long term liabilities ($6.9B).


Debt to Equity History and Analysis

Debt Level: SUI's net debt to equity ratio (89.6%) is considered high.

Reducing Debt: SUI's debt to equity ratio has reduced from 129.3% to 91.4% over the past 5 years.

Debt Coverage: SUI's debt is not well covered by operating cash flow (12.5%).

Interest Coverage: SUI's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.23%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SUI's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: SUI's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.11%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.6%), SUI's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (57.6%), SUI's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

14.3yrs

Average management tenure


CEO

Gary Shiffman (67 yo)

no data

Tenure

US$13,828,288

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 ($USD13.83M) is about average for companies of similar size in the US market ($USD13.34M).

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 (14.3 years average tenure).


Board Members

Experienced Board: SUI's board of directors are seasoned and experienced ( 11.7 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 8.5%.


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$19.581b
  • Market Cap: US$19.178b
  • Shares outstanding: 124.16m
  • 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 Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.