Sun Communities
Market Cap
US$14.1b
Last Updated
2019/10/12 23:58 UTC
Data Sources
Company Financials +
Executive Summary
Sun Communities, Inc. is a REIT that, as of June 30, 2019, owned, operated, or had an interest in a portfolio of 382 communities comprising over 133,000 developed sites in 31 states and Ontario, Canada.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
-0.1%
SUI
-0.6%
US REITs
0.6%
US Market
1 Year Return
59.1%
SUI
21.5%
US REITs
6.2%
US Market
Return vs Industry: SUI exceeded the US REITs industry which returned 21.5% over the past year.
Return vs Market: SUI exceeded the US Market which returned 6.2% over the past year.
Share holder returns
| SUI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | -0.6% | 0.6% |
| 30 Day | 4.2% | 1.5% | -1.8% |
| 90 Day | 13.8% | 3.8% | -2.0% |
| 1 Year | 63.0%59.1% | 27.0%21.5% | 8.6%6.2% |
| 3 Year | 111.6%94.0% | 34.7%17.5% | 45.7%36.3% |
| 5 Year | 237.9%187.1% | 67.1%31.8% | 68.5%50.0% |
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
2 weeks ago | Simply Wall St
This Insider Has Just Sold Shares In Sun Communities, Inc. (NYSE:SUI)1 month ago | Simply Wall St
If You Had Bought Sun Communities (NYSE:SUI) Shares Five Years Ago You'd Have Made 176%1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Sun Communities, Inc. (NYSE:SUI)Valuation
Is Sun Communities undervalued based on future cash flows and its price relative to the stock market?
100.52x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Undervalued: SUI ($152.1) is trading above our estimate of fair value ($126.62)
Significantly Undervalued: SUI is trading above our estimate of fair value.
Price Based on Earnings
PE vs Industry: SUI is poor value based on its PE Ratio (100.5x) compared to the REITs industry average (34.8x).
PE vs Market: SUI is poor value based on its PE Ratio (100.5x) compared to the US market (17.5x).
Price Based on Expected Growth
Low PEG Ratio: SUI is poor value based on its PEG Ratio (6.8x)
Price Based on Value of Assets
PB vs Industry: SUI is overvalued based on its PB Ratio (3.9x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Sun Communities expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: SUI's forecast earnings growth (14.7% per year) is above the savings rate (2.7%).
Earnings vs Market: SUI's earnings (14.7% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: SUI's earnings are forecast to grow, but not significantly.
Revenue vs Market: SUI's revenue (3% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: SUI's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: Insufficient data to determine if SUI's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Sun Communities performed over the past 5 years?
20.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SUI's earnings have grown significantly by 20.7% per year over the past 5 years.
Accelerating Growth: SUI's earnings growth over the past year (58%) exceeds its 5-year average (20.7% per year).
Earnings vs Industry: SUI earnings growth over the past year (58%) exceeded the REITs industry 17%.
Return on Equity
High ROE: SUI's Return on Equity (3.9%) is considered low.
Return on Assets
ROA vs Industry: SUI's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: SUI has significantly improved its Return on Capital Employed over the past 3 years.
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Financial Health
How is Sun Communities's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SUI has a high level of physical assets or inventory.
Debt Coverage by Assets: SUI's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: SUI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SUI has a sufficient allowance for bad loans.
Low Risk Liabilities: SUI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SUI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SUI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SUI has an appropriate level of bad loans.
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Dividend
What is Sun Communities's current dividend yield, its reliability and sustainability?
2.04%
Expected Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: SUI's dividend (1.97%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: SUI's dividend (1.97%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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 (61.9%), 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 thoroughly covered by earnings (0.6% payout ratio).
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Management
What is the CEO of Sun Communities's salary, the management and board of directors tenure and is there insider trading?
11.7yrs
Average management tenure
CEO
Gary Shiffman (65yo)
0yrs
Tenure
US$9,193,778
Compensation
Mr. Gary A. Shiffman has been the Secretary of Bingham Financial Services Corp. since 1997 and as its Chairman of the Board since August 1996. Mr. Shiffman has been a Non-Executive Director at Ingenia Comm ...
CEO Compensation Analysis
Compensation vs. Market: Gary's total compensation ($USD9.19M) is about average for companies of similar size in the US market ($USD11.20M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Management Age and Tenure
11.7yrs
Average Tenure
58.5yo
Average Age
Experienced Management: SUI's management team is seasoned and experienced (11.7 years average tenure).
Board Age and Tenure
9.1yrs
Average Tenure
65yo
Average Age
Experienced Board: SUI's board of directors are considered experienced (9.1 years average tenure).
Insider Trading
Insider Buying: SUI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer Executive VP |
| Shares | 11,204 |
| Max Price | US$148.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 257 |
| Max Price | US$147.57 |
| Entity | Individual |
| Role | President President & COO |
| Shares | 7,410 |
| Max Price | US$146.77 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 2,400 |
| Max Price | US$117.34 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 257,179 |
| Max Price | US$117.84 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 12,859 |
| Max Price | US$117.84 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President |
| Shares | 1,653 |
| Max Price | US$114.00 |
Ownership Breakdown
Management Team
Gary Shiffman (65yo)
Chairman & CEO
- Tenure: 0yrs
- Compensation: US$9.19m
Jonathan Colman (63yo)
Executive Vice President
- Tenure: 16.6yrs
- Compensation: US$559.81k
Karen Dearing (54yo)
Executive VP
- Tenure: 11.7yrs
- Compensation: US$2.95m
John McLaren (48yo)
President & COO
- Tenure: 5.7yrs
- Compensation: US$3.05m
Helene Lewis
VP of Human Resources
- Tenure: 0yrs
Carol Petersen
Investor Relations
- Tenure: 0yrs
Board Members
Stephanie Bergeron (65yo)
Independent Director
- Tenure: 12.4yrs
- Compensation: US$368.78k
Gary Shiffman (65yo)
Chairman & CEO
- Tenure: 0yrs
- Compensation: US$9.19m
Ron Klein (61yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$408.78k
Clunet Lewis (72yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$408.78k
Arthur Weiss (70yo)
Director
- Tenure: 23yrs
- Compensation: US$343.78k
Brian Hermelin (54yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$373.78k
Meghan Baivier (39yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$353.78k
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$14.139b
- Market Cap: US$13.791b
- Shares outstanding: 92.96m
- 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 |
Biography
Sun Communities, Inc. is a REIT that, as of June 30, 2019, owned, operated, or had an interest in a portfolio of 382 communities comprising over 133,000 developed sites in 31 states and Ontario, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/12 23:58 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.