Sun Communities, Inc. (SUI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 504.9M | 515.2M | 697.2M | 607M | 465.8M | 740.6M | 934.4M | 858.7M | 464.7M | 721.9M | 968.1M | 849.4M | 639.8M | 664.4M | 921.4M | 807M | 541.7M | 535M | 681.7M | 601.1M |
| Revenue Growth % | 8.39% | -30.43% | -25.39% | -29.31% | 0.24% | 2.59% | -3.48% | 1.09% | -27.37% | 8.65% | 5.07% | 5.25% | 18.11% | 24.19% | 35.16% | 34.25% | 23.28% | 40.14% | 71.33% | 99.95% |
| Property Operating Expenses | 228.6M | 158.3M | 433.5M | 296.9M | 226M | 397.7M | 482.5M | 462.8M | 219.6M | 392.9M | 483.3M | 461M | 349.7M | 368.2M | 455.4M | 423.7M | 271.8M | 279.26M | 326.6M | 290.5M |
| Net Operating Income (NOI) | 276.3M | 356.9M | 263.7M | 310.1M | 239.8M | 342.9M | 451.9M | 395.9M | 245.1M | 329M | 484.8M | 388.4M | 290.1M | 296.2M | 466M | 383.3M | 269.9M | 255.74M | 355.1M | 310.6M |
| NOI Margin % | 54.72% | 69.27% | 37.82% | 51.09% | 51.48% | 46.3% | 48.36% | 46.1% | 52.74% | 45.57% | 50.08% | 45.73% | 45.34% | 44.58% | 50.58% | 47.5% | 49.82% | 47.8% | 52.09% | 51.67% |
| Operating Expenses | 224.1M | 181.9M | 55.4M | 188.6M | 180.7M | 246.9M | 247.2M | 238.1M | 182.8M | 255.5M | 229.6M | 226.8M | 219.7M | 224.6M | 218.8M | 212.3M | 204.2M | 54.6M | 170.3M | 172.4M |
| G&A Expenses | 62.7M | 68.4M | 55.8M | 61.2M | 57M | 76.7M | 74.8M | 65.3M | 61.8M | 77.8M | 67M | 62.7M | 64.1M | 69.8M | 69.1M | 62.2M | 55.7M | 54.6M | 43.2M | 45.3M |
| EBITDA | 182.8M | 303.3M | 334.5M | 248.9M | 182.8M | 266.2M | 377.1M | 330.6M | 183.3M | 251.2M | 417.8M | 325.7M | 226M | 226.4M | 396.9M | 321.1M | 214.2M | 331.9M | 311.9M | 265.3M |
| EBITDA Margin % | 36.21% | 58.87% | 47.98% | 41% | 39.24% | 35.94% | 40.36% | 38.5% | 39.44% | 34.8% | 43.16% | 38.34% | 35.32% | 34.08% | 43.08% | 39.79% | 39.54% | 62.04% | 45.75% | 44.14% |
| Depreciation & Amortization | 130.6M | 128.3M | 126.2M | 127.4M | 123.7M | 170.2M | 172.4M | 172.8M | 121M | 177.7M | 162.6M | 164.1M | 155.6M | 154.8M | 149.7M | 150.1M | 148.5M | 130.7M | 127.1M | 127.1M |
| D&A / Revenue % | 25.87% | 24.9% | 18.1% | 20.99% | 26.56% | 22.98% | 18.45% | 20.12% | 26.04% | 24.62% | 16.8% | 19.32% | 24.32% | 23.3% | 16.25% | 18.6% | 27.41% | 24.43% | 18.64% | 21.14% |
| Operating Income | 52.2M | 175M | 208.3M | 121.5M | 59.1M | 96M | 204.7M | 157.8M | 62.3M | 73.5M | 255.2M | 161.6M | 70.4M | 71.6M | 247.2M | 171M | 65.7M | 201.2M | 184.8M | 138.2M |
| Operating Margin % | 10.34% | 33.97% | 29.88% | 20.02% | 12.69% | 12.96% | 21.91% | 18.38% | 13.41% | 10.18% | 26.36% | 19.03% | 11% | 10.78% | 26.83% | 21.19% | 12.13% | 37.61% | 27.11% | 22.99% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.37x | 5.14x | 0.45x | -1.03x | 0.68x | -2.09x | 4.39x | 1.67x | 0.55x | -4.34x | 2.62x | -1.68x | 0.37x | 1.02x | 3.88x | 2.51x | 1.06x | 1.50x | 7.28x | 4.15x |
| Non-Operating Income | -40.7M | -12.6M | 189.6M | 181.5M | 3.4M | 269.9M | -180.6M | 8M | 13.1M | 448.8M | 32.4M | 296M | 41.8M | 1.4M | 3.8M | 29.7M | 16.7M | 136.1M | -107M | -22.5M |
| Pretax Income | 157.8M | 151.1M | -22.8M | -118.2M | -26.4M | -257.1M | 297.6M | 60M | -40.5M | -461.8M | 137.9M | -214.5M | -49M | 1.5M | 180.7M | 84.9M | 2.8M | 13.7M | 251.7M | 122M |
| Pretax Margin % | 31.25% | 29.33% | -3.27% | -19.47% | -5.67% | -34.72% | 31.85% | 6.99% | -8.72% | -63.97% | 14.24% | -25.25% | -7.66% | 0.23% | 19.61% | 10.52% | 0.52% | 2.56% | 36.92% | 20.3% |
| Income Tax | 21.7M | 31.5M | 1.7M | -26M | -3.3M | -25.3M | -8M | 1.6M | -3.8M | -7.7M | 2.3M | -2.3M | -700K | -2.5M | 3.7M | 3.6M | 1.3M | -1.2M | 1.6M | 1.2M |
| Effective Tax Rate % | 13.75% | 20.85% | -7.46% | 22% | 12.5% | 9.84% | -2.69% | 2.67% | 9.38% | 1.67% | 1.67% | 1.07% | 1.43% | -166.67% | 2.05% | 4.24% | 46.43% | -8.76% | 0.64% | 0.98% |
| Net Income | 147.1M | 121.9M | 11.7M | 1.27B | -39.7M | -224.4M | 288.7M | 52.1M | -24.2M | -436.1M | 120.1M | -207.6M | -44.9M | 4.7M | 162.6M | 74M | 700K | 12.9M | 231.7M | 110.8M |
| Net Margin % | 29.13% | 23.66% | 1.68% | 209.82% | -8.52% | -30.3% | 30.9% | 6.07% | -5.21% | -60.41% | 12.41% | -24.44% | -7.02% | 0.71% | 17.65% | 9.17% | 0.13% | 2.41% | 33.99% | 18.43% |
| Net Income Growth % | 470.53% | 154.32% | -95.95% | 2344.53% | -64.05% | 48.54% | 140.38% | 125.1% | 46.1% | -9378.72% | -26.14% | -380.54% | -6514.29% | -63.57% | -29.82% | -33.21% | -97.18% | 70.05% | 185.33% | 88.08% |
| Funds From Operations (FFO) | 277.7M | 250.2M | 137.9M | 1.4B | 84M | -54.2M | 461.1M | 224.9M | 96.8M | -258.4M | 282.7M | -43.5M | 110.7M | 159.5M | 312.3M | 224.1M | 149.2M | 143.6M | 358.8M | 237.9M |
| FFO Margin % | 55% | 48.56% | 19.78% | 230.81% | 18.03% | -7.32% | 49.35% | 26.19% | 20.83% | -35.79% | 29.2% | -5.12% | 17.3% | 24.01% | 33.89% | 27.77% | 27.54% | 26.84% | 52.63% | 39.58% |
| FFO Growth % | 230.6% | 561.62% | -70.09% | 522.94% | -13.22% | 79.02% | 63.11% | 617.01% | -12.56% | -262.01% | -9.48% | -119.41% | -25.8% | 11.07% | -12.96% | -5.8% | 0.34% | 14.87% | 111.43% | 62.75% |
| FFO per Share | 2.21 | 2.03 | 1.11 | 11.08 | 0.65 | -0.42 | 3.72 | 1.82 | 0.76 | -2.09 | 2.29 | -0.35 | 0.90 | 1.27 | 2.54 | 1.87 | 1.29 | 1.24 | 3.04 | 2.12 |
| FFO Payout Ratio % | 0% | 53.76% | 99.27% | 46.22% | 149.29% | -230.07% | 26.81% | 54.74% | 125.31% | -46.9% | 42.59% | -278.62% | 102.62% | 71.16% | 35.77% | 48.01% | 67.96% | 70.82% | 28.23% | 41.19% |
| EPS (Diluted) | -0.07 | 0.99 | 0.07 | 10.02 | -0.34 | -1.77 | 2.31 | 0.42 | -0.22 | -0.65 | 1.31 | 0.72 | -0.26 | 0.04 | 1.32 | 0.61 | 0.01 | 0.11 | 2.00 | 0.98 |
| EPS Growth % | 79.41% | 155.93% | -96.97% | 2285.71% | -54.55% | -172.31% | 76.34% | -41.67% | 15.38% | -1875.96% | -0.76% | 18.03% | -2115.5% | -66.73% | -34% | -37.76% | -94.39% | 57.14% | 140.96% | 60.66% |
| EPS (Basic) | 1.13 | 0.99 | 0.07 | 10.02 | -0.34 | -1.76 | 2.31 | 0.42 | -0.22 | -0.65 | 1.31 | 0.72 | -0.26 | 0.04 | 1.32 | 0.61 | 0.01 | 0.11 | 2.00 | 0.98 |
| Diluted Shares Outstanding | 125.5M | 123.13M | 124.1M | 126.5M | 129.8M | 129.7M | 124M | 123.7M | 126.6M | 123.5M | 123.5M | 123.4M | 123.3M | 125.8M | 122.8M | 120M | 115.9M | 115.7M | 118.1M | 112.1M |