Sun Communities has beaten earnings estimates in 3 of the last 4 quarters with an average surprise of 54% and sits at the top of its industry for margins and growth, but trades within 3% of analyst targets and has a notable gap between reported earnings and free cash flow generation.
Thesis pillars
- Strong Earnings Beat Large Surprises↑Improving
- Best In Class Reit Margins Growth→Stable
- Fcf Quality Gap↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
Sun Communities, Inc. (SUI) Stock Analysis
Real Estate · REIT - Residential
Sell if holding. Momentum 3.5/10 is below the 5.0 floor at $110.18 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4); Sector modifier (Real Estate): -1.2.
Sun Communities owns and operates 513 MH, RV, and UK holiday park communities across the U.S., Canada, and UK, comprising 178,650 developed sites as of December 31, 2025. Revenue comes from annual site lease fees and home sales through Sun Home Services (over 12,510 occupied... Read more
Sell if holding. Momentum 3.5/10 is below the 5.0 floor at $110.18 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4); Sector modifier (Real Estate): -1.2. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.4/10, high confidence.
Passes 5/8 gates (favorable risk/reward ratio, clean insider activity, earnings proximity 117d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) and SEC filing concern. Suitability: moderate.
About Sun Communities, Inc.
About Sun Communities, Inc.
Sun Communities' 513 manufactured housing, RV, and UK holiday park communities contained 178,650 developed sites at December 31, 2025, spanning the U.S., Canada, and United Kingdom. Florida held the largest state concentration—125 communities representing 26.4% of developed sites—followed by Michigan with 89 communities (19.4%) and the UK with 53 communities (12.1%). The company completed the Safe Harbor Marinas divestiture in 2025 and finished the year with approximately $4.3 billion of total debt, all fixed-rate.
Sun Communities earns revenue primarily from site lease income: MH residents lease the land under their privately owned manufactured home on year-to-year or month-to-month terms, while RV site holders sign annual or seasonal usage agreements. UK site licenses run 20, 30, or 40 years depending on the product originally purchased, with annual site fees due throughout. The company also sells and leases homes through Sun Home Services (over 12,510 occupied leased homes at year-end 2025) and Park Holidays in the UK. About 34% of RV properties were managed by third-party operators under the Sun Outdoors brand as of December 31, 2025. The MH business structure keeps capital requirements relatively modest because residents own the structures placed on leased land, while the company owns and maintains the underlying site, utilities, streets, and common-area infrastructure.
Show full overview
Florida's 26.4% site concentration carries hurricane-season exposure that the 10-K flags directly: the company disclosed that obtaining property insurance covering wind events has become 'more difficult and expensive,' with policies 'increasingly including lower coverage limits, higher deductibles, and higher premiums,' resulting in increased self-insurance exposure. In May 2026, Sun Communities announced via Form 8-K an agreement to sell Park Holidays (its entire UK business) to Panther Bidco Limited at an enterprise value of £768 million (~$1.03 billion), a transaction that, if completed, would reduce the UK's 12.1% geographic concentration and shift the portfolio entirely to North American MH and RV communities.
See also: Real Estate · REIT - Residential
From Sun Communities, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — Sun Communities, Inc.
Latest news
- NEWS Royal Bank Of Canada Increases Sun Communities (NYSE:SUI) Price Target to $148.00 - MarketBeat — MarketBeat positive
- NEWS Sun Communities (SUI) Stock Climbs After FFO Beat Despite Revenue Drop - simplywall.st — simplywall.st positive
- NEWS SUI Maintained by RBC Capital -- Price Target Raised to $151 - GuruFocus — GuruFocus positive
- NEWS Analysts’ Opinions Are Mixed on These Real Estate Stocks: American Healthcare REIT, Inc. (AHR) and Sun Communities (SUI) — The Globe and Mail neutral
- NEWS Sun Communities CFO Castro-Caratini sells $2.96m in stock By Investing.com - Investing.com Nigeria — Investing.com Nigeria negative
Generated 2026-10-29T11:08:52Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicFlorida26%10-K Item 1A: '125 of our MH, RV, and UK communities, representing 26.4% of developed sites, are located in Florida'
- LOWGeographicMichigan19%10-K Item 1A: '89 communities, representing 19.4% of developed sites, are located in Michigan'
- LOWGeographicUK12%10-K Item 1A: '53 communities, representing 12.1% of developed sites, are located in the UK'
Material Events(8-K, last 90d)
- 2026-05-21Item 1.01MEDIUMSCOLP agreed to sell Park Holidays (all UK subsidiaries) to Panther Bidco Limited (Aermont Capital affiliate) at enterprise value of £768 million (~$1.03 billion). Transaction consideration payable in cash; subject to customary conditions and closing.SEC filing →
- 2026-05-13Item 4.01HIGHDeloitte & Touche LLP formally engaged May 12, 2026 as new independent registered public accounting firm for FY2026, effective upon filing Q1 2026 10-Q. Amendment to original 8-K filed March 27, 2026. No disagreements with prior auditor cited.SEC filing →
- 2026-03-27Item 4.01HIGHAudit Committee approved appointment of Deloitte & Touche LLP as new independent registered public accounting firm for FY2026, effective upon filing Q1 2026 10-Q. No disagreements with prior auditor cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Revenue shrinking — -19.3% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.5/10 is below the 5.0 floor at $110.18 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4); Sector modifier (Real Estate): -1.2. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $106.48. Score 4.4/10, high confidence.
Analyst target: $122.40 (+11.1% upside). Prior stop was $106.48. Stop-loss: $106.48.
V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4); Sector modifier (Real Estate): -1.2; Weak overall score: 4.4/10.
Sun Communities, Inc. trades at a P/E of 45.0 (forward 34.4). TrendMatrix value score: 5.3/10. Verdict: Sell.
22 analysts cover SUI with a consensus score of 4.0/5. Average price target: $136.
What does Sun Communities, Inc. do?Sun Communities owns and operates 513 MH, RV, and UK holiday park communities across the U.S., Canada, and UK,...
Sun Communities owns and operates 513 MH, RV, and UK holiday park communities across the U.S., Canada, and UK, comprising 178,650 developed sites as of December 31, 2025. Revenue comes from annual site lease fees and home sales through Sun Home Services (over 12,510 occupied leased homes). The company sold Safe Harbor Marinas in 2025 for approximately $5.65 billion to focus on core MH and RV operations.