Sun Communities
Market Cap
US$15.7b
Last Updated
2021/01/19 23:47 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with proven track record.
Similar Companies
Share Price & News
How has Sun Communities's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-0.7%
SUI
2.6%
US REITs
0.3%
US Market
1 Year Return
-10.4%
SUI
-12.0%
US REITs
21.1%
US Market
Return vs Industry: SUI matched the US REITs industry which returned -10.7% over the past year.
Return vs Market: SUI underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| SUI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 2.6% | 0.3% |
| 30 Day | -3.7% | 0.3% | 3.3% |
| 90 Day | -2.7% | 4.7% | 14.2% |
| 1 Year | -8.3%-10.4% | -7.9%-12.0% | 23.8%21.1% |
| 3 Year | 66.4%54.4% | 22.6%7.5% | 45.0%35.4% |
| 5 Year | 142.0%110.2% | 50.3%19.5% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Sun Communities's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
Have Sun Communities, Inc. (NYSE:SUI) Insiders Been Selling Their Stock?1 month ago | Simply Wall St
How Does Sun Communities' (NYSE:SUI) CEO Pay Compare With Company Performance?2 months ago | Simply Wall St
Should You Review Recent Insider Transactions At Sun Communities, Inc. (NYSE:SUI)?Valuation
Is Sun Communities undervalued compared to its fair value and its price relative to the market?
10.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SUI ($141.22) is trading below our estimate of fair value ($157.32)
Significantly Below Fair Value: SUI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SUI is poor value based on its PE Ratio (87.8x) compared to the US REITs industry average (37.9x).
PE vs Market: SUI is poor value based on its PE Ratio (87.8x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: SUI is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: SUI is overvalued based on its PB Ratio (3.2x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Sun Communities forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
21.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SUI's forecast earnings growth (21.6% per year) is above the savings rate (2%).
Earnings vs Market: SUI's earnings (21.6% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SUI's revenue (10.7% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: SUI's revenue (10.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SUI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Sun Communities performed over the past 5 years?
13.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SUI has high quality earnings.
Growing Profit Margin: SUI's current net profit margins (11.7%) are higher than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: SUI's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: SUI's earnings growth over the past year (8.3%) is below its 5-year average (13.5% per year).
Earnings vs Industry: SUI earnings growth over the past year (8.3%) exceeded the REITs industry 2.9%.
Return on Equity
High ROE: SUI's Return on Equity (3.7%) is considered low.
Next Steps
Financial Health
How is Sun Communities's financial position?
Financial Position Analysis
Short Term Liabilities: SUI's short term assets ($355.2M) exceed its short term liabilities ($221.4M).
Long Term Liabilities: SUI's short term assets ($355.2M) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: SUI's debt to equity ratio (73.5%) is considered high.
Reducing Debt: SUI's debt to equity ratio has reduced from 191.3% to 73.5% over the past 5 years.
Debt Coverage: SUI's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: SUI's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Sun Communities's current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SUI's dividend (2.24%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: SUI's dividend (2.24%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (62.2%), 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 covered by earnings (60.9% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
10.3yrs
Average board tenure
CEO
Gary Shiffman (66 yo)
no data
Tenure
US$7,969,265
Compensation
Mr. Gary A. Shiffman has been the Secretary of Bingham Financial Services Corp. since 1997 and as its Chairman of the Board since August 1996. Mr. Shiffman has been a Non-Executive Director at Ingenia Comm...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD7.97M) is about average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | US$7.97m | 1.32% $ 206.1m | |
| Independent Director | 13.67yrs | US$481.04k | 0.022% $ 3.4m | |
| Independent Director | 6yrs | US$578.54k | 0.015% $ 2.3m | |
| Lead Independent Director | no data | US$526.04k | 0.029% $ 4.5m | |
| Director | 24.25yrs | US$456.04k | 0.11% $ 17.3m | |
| Independent Director | 7yrs | US$486.04k | 0.016% $ 2.6m | |
| Independent Director | 3.5yrs | US$481.04k | 0.0082% $ 1.3m |
10.3yrs
Average Tenure
66yo
Average Age
Experienced Board: SUI's board of directors are seasoned and experienced ( 10.3 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 15.9%.
Top Shareholders
Company Information
Sun Communities, Inc.'s company bio, 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$15.672b
- Market Cap: US$15.190b
- Shares outstanding: 110.04m
- Website: https://www.suncommunities.com
Number of Employees
Location
- Sun Communities, Inc.
- 27777 Franklin Road
- Suite 200
- Southfield
- Michigan
- 48034
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SUI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1993 |
| SCZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1993 |
| SUI * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 1993 |
Biography
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, Can...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:47 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.