Sun Communities Inc
Sun Communities, Inc. is a REIT that, as of September 30, 2025, owned, operated, or had an interest in a portfolio of 501 developed properties comprising approximately 174,680 developed sites in the United States, Canada, and the United Kingdom.
Sun Communities Inc (SUI) - Net Assets
Latest net assets as of September 2025: $7.11 Billion USD
Based on the latest financial reports, Sun Communities Inc (SUI) has net assets worth $7.11 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.80 Billion) and total liabilities ($5.69 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.11 Billion |
| % of Total Assets | 55.52% |
| Annual Growth Rate | 14.55% |
| 5-Year Change | 27.82% |
| 10-Year Change | 368.1% |
| Growth Volatility | 79.61 |
Sun Communities Inc - Net Assets Trend (1993–2024)
This chart illustrates how Sun Communities Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sun Communities Inc (1993–2024)
The table below shows the annual net assets of Sun Communities Inc from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.19 Billion | +0.28% |
| 2023-12-31 | $7.17 Billion | -9.07% |
| 2022-12-31 | $7.89 Billion | +17.20% |
| 2021-12-31 | $6.73 Billion | +19.61% |
| 2020-12-31 | $5.63 Billion | +45.19% |
| 2019-12-31 | $3.88 Billion | +22.37% |
| 2018-12-31 | $3.17 Billion | +18.91% |
| 2017-12-31 | $2.66 Billion | +12.76% |
| 2016-12-31 | $2.36 Billion | +53.73% |
| 2015-12-31 | $1.54 Billion | +69.26% |
| 2014-12-31 | $907.82 Million | +134.05% |
| 2013-12-31 | $387.87 Million | +82.55% |
| 2012-12-31 | $212.48 Million | +311.10% |
| 2011-12-31 | $-100.66 Million | +25.46% |
| 2010-12-31 | $-135.03 Million | -21.32% |
| 2009-12-31 | $-111.31 Million | -85.88% |
| 2008-12-31 | $-59.88 Million | -329.91% |
| 2007-12-31 | $26.05 Million | -71.56% |
| 2006-12-31 | $91.59 Million | -44.43% |
| 2005-12-31 | $164.80 Million | -43.71% |
| 2004-12-31 | $292.79 Million | -30.85% |
| 2003-12-31 | $423.41 Million | -10.30% |
| 2002-12-31 | $472.02 Million | -0.13% |
| 2001-12-31 | $472.64 Million | +40.65% |
| 2000-12-31 | $336.03 Million | -30.46% |
| 1999-12-31 | $483.24 Million | +11.97% |
| 1998-12-31 | $431.56 Million | +5.51% |
| 1997-12-31 | $409.03 Million | +6.74% |
| 1996-12-31 | $383.21 Million | +82.92% |
| 1995-12-31 | $209.50 Million | +7.05% |
| 1994-12-31 | $195.70 Million | +83.41% |
| 1993-12-31 | $106.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun Communities Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 277580000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.30 Million | 0.02% |
| Other Comprehensive Income | $-7.90 Million | -0.11% |
| Other Components | $9.86 Billion | 139.29% |
| Total Equity | $7.08 Billion | 100.00% |
Sun Communities Inc Competitors by Market Cap
The table below lists competitors of Sun Communities Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unimicron Technology Corp
TW:3037
|
$16.54 Billion |
|
WSP Global Inc
PINK:WSPOF
|
$16.55 Billion |
|
Hologic Inc
NASDAQ:HOLX
|
$16.60 Billion |
|
Bank Hapoalim B.M
PINK:BKHPF
|
$16.61 Billion |
|
MTU Aero Engines AG
PINK:MTUAF
|
$16.50 Billion |
|
INTERCONT HOTELS
F:IC1B
|
$16.42 Billion |
|
NAVER Corp
PINK:NHNCF
|
$16.41 Billion |
|
nVent Electric PLC
NYSE:NVT
|
$16.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun Communities Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,082,800,000 to 7,081,700,000, a change of -1,100,000 (-0.0%).
- Net income of 89,000,000 contributed positively to equity growth.
- Dividend payments of 492,700,000 reduced retained earnings.
- Share repurchases of 9,800,000 reduced equity.
- New share issuances of 361,100,000 increased equity.
- Other comprehensive income decreased equity by 20,100,000.
- Other factors increased equity by 71,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $89.00 Million | +1.26% |
| Dividends Paid | $492.70 Million | -6.96% |
| Share Repurchases | $9.80 Million | -0.14% |
| Share Issuances | $361.10 Million | +5.1% |
| Other Comprehensive Income | $-20.10 Million | -0.28% |
| Other Changes | $71.40 Million | +1.01% |
| Total Change | $- | -0.02% |
Book Value vs Market Value Analysis
This analysis compares Sun Communities Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.73x to 2.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $15.50 | $135.27 | x |
| 1994-12-31 | $23.05 | $135.27 | x |
| 1995-12-31 | $18.06 | $135.27 | x |
| 1996-12-31 | $21.91 | $135.27 | x |
| 1997-12-31 | $20.12 | $135.27 | x |
| 1998-12-31 | $19.98 | $135.27 | x |
| 1999-12-31 | $19.51 | $135.27 | x |
| 2000-12-31 | $19.32 | $135.27 | x |
| 2001-12-31 | $18.90 | $135.27 | x |
| 2002-12-31 | $15.99 | $135.27 | x |
| 2003-12-31 | $17.93 | $135.27 | x |
| 2004-12-31 | $11.46 | $135.27 | x |
| 2005-12-31 | $8.09 | $135.27 | x |
| 2006-12-31 | $4.49 | $135.27 | x |
| 2007-12-31 | $1.17 | $135.27 | x |
| 2008-12-31 | $-3.29 | $135.27 | x |
| 2009-12-31 | $-5.67 | $135.27 | x |
| 2010-12-31 | $-6.26 | $135.27 | x |
| 2011-12-31 | $-5.99 | $135.27 | x |
| 2012-12-31 | $7.10 | $135.27 | x |
| 2013-12-31 | $11.06 | $135.27 | x |
| 2014-12-31 | $21.32 | $135.27 | x |
| 2015-12-31 | $27.11 | $135.27 | x |
| 2016-12-31 | $34.61 | $135.27 | x |
| 2017-12-31 | $33.87 | $135.27 | x |
| 2018-12-31 | $37.87 | $135.27 | x |
| 2019-12-31 | $43.18 | $135.27 | x |
| 2020-12-31 | $56.66 | $135.27 | x |
| 2021-12-31 | $58.83 | $135.27 | x |
| 2022-12-31 | $63.55 | $135.27 | x |
| 2023-12-31 | $57.21 | $135.27 | x |
| 2024-12-31 | $55.67 | $135.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun Communities Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.78%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.34x
- Recent ROE (1.26%) is above the historical average (-0.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 0.32% | 2.08% | 0.09x | 1.69x | $-9.00 Million |
| 1994 | 4.51% | 24.15% | 0.12x | 1.55x | $-9.49 Million |
| 1995 | 6.59% | 25.94% | 0.14x | 1.83x | $-6.06 Million |
| 1996 | 3.89% | 15.99% | 0.13x | 1.94x | $-18.39 Million |
| 1997 | 6.81% | 23.12% | 0.14x | 2.11x | $-10.42 Million |
| 1998 | 7.67% | 22.13% | 0.14x | 2.41x | $-7.94 Million |
| 1999 | 8.60% | 22.34% | 0.14x | 2.69x | $-4.75 Million |
| 2000 | 9.91% | 23.32% | 0.15x | 2.88x | $-309.40K |
| 2001 | 10.29% | 22.54% | 0.15x | 3.02x | $945.90K |
| 2002 | 4.25% | 8.51% | 0.14x | 3.64x | $-18.36 Million |
| 2003 | 7.26% | 12.54% | 0.15x | 3.74x | $-8.95 Million |
| 2004 | -19.11% | -19.78% | 0.15x | 6.63x | $-61.64 Million |
| 2005 | -3.81% | -2.57% | 0.16x | 9.22x | $-19.78 Million |
| 2006 | -31.53% | -10.96% | 0.18x | 16.29x | $-32.89 Million |
| 2007 | -79.08% | -7.05% | 0.19x | 59.19x | $-18.75 Million |
| 2008 | 0.00% | -13.55% | 0.21x | 0.00x | $-28.46 Million |
| 2009 | 0.00% | -2.46% | 0.22x | 0.00x | $4.18 Million |
| 2010 | 0.00% | -1.12% | 0.22x | 0.00x | $9.11 Million |
| 2011 | 0.00% | -0.39% | 0.20x | 0.00x | $11.57 Million |
| 2012 | 3.11% | 1.82% | 0.19x | 9.11x | $-13.27 Million |
| 2013 | 4.38% | 4.07% | 0.20x | 5.25x | $-21.38 Million |
| 2014 | 3.20% | 6.07% | 0.16x | 3.30x | $-60.62 Million |
| 2015 | 10.68% | 23.60% | 0.16x | 2.88x | $9.87 Million |
| 2016 | 1.15% | 3.23% | 0.14x | 2.56x | $-203.25 Million |
| 2017 | 2.78% | 7.51% | 0.16x | 2.35x | $-187.66 Million |
| 2018 | 3.45% | 9.70% | 0.16x | 2.16x | $-203.45 Million |
| 2019 | 4.23% | 12.91% | 0.16x | 2.04x | $-220.42 Million |
| 2020 | 2.38% | 9.52% | 0.12x | 2.03x | $-420.91 Million |
| 2021 | 5.74% | 16.82% | 0.17x | 2.04x | $-282.19 Million |
| 2022 | 3.10% | 8.25% | 0.17x | 2.19x | $-538.98 Million |
| 2023 | -3.01% | -6.71% | 0.19x | 2.39x | $-921.58 Million |
| 2024 | 1.26% | 2.78% | 0.19x | 2.34x | $-619.17 Million |
Industry Comparison
This section compares Sun Communities Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun Communities Inc (SUI) | $7.11 Billion | 0.32% | 0.80x | $16.50 Billion |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |