Sun Communities Inc (N:SUI)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 27777 Franklin Road, Suite 300 SOUTHFIELD MI 48034 |
| Tel: | N/A |
| Website: | https://www.suncommunities.com |
| IR: | See website |
| Key People | ||
| Gary A. Shiffman Chairman of the Board, President, Chief Executive Officer | Fernando Castro-Caratini Chief Financial Officer, Executive Vice President, Treasurer, Secretary | Baxter R. Underwood Chief Executive Officer - Safe Harbor |
| Bruce D. Thelen Chief Operating Officer, Executive Vice President | Marc Farrugia Executive Vice President, Chief Administrative Officer | Karen J. Dearing Executive Vice President - Special Projects | Aaron Weiss Executive Vice President - Corporate Strategy and Business Development |
| Business Overview |
| Sun Communities, Inc. is a fully integrated real estate investment trust (REIT). The Company owns manufactures housing (MH) and recreational vehicle (RV) communities and marinas in the United States, the United Kingdom, and Canada. The Company operates through three segments: MH communities, RV communities, and Marinas. The MH communities segment offers affordable housing to individuals and families, while also providing certain amenities. The RV communities offers affordable vacation opportunities to individuals and families with various amenities. The Marinas offers wet slip and dry storage space leases, end-to-end services, fuel sales and other amenities. The Company owns and operates, directly or indirectly, or had an interest in, a portfolio of 667 developed properties located in the United States, the United Kingdom, and Canada, including 353 MH communities, 179 RV communities and 135 marinas. The Company's properties contained an aggregate of 227,340 developed sites. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sun Communities Inc revenues increased 9% to $3.22B. Net loss applicable to common stockholders totaled $213.3M vs. income of $242M. Revenues reflect Marinas segment increase of 19% to $932.8M, NAREIT FFO - Per Share - Diluted - Total increase of 4% to $7.05. Net loss reflects Net Operating Income (NOI)-Home sales decrease of 19% to $124.5M, Other Non Operating I/E increase from $800K to $106.7M (expense). |
| Employees: | 6,780 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22,418M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,225M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,175M as of Dec 31, 2023 |
| Net annual income (TTM): | -$213.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $260.80M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $7,749M as of Dec 31, 2023 |
| Shares outstanding: | 124,642,332 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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