Sun Communities

Sun Communities, Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.

We have built our culture around a simple customer service philosophy: The Golden Rule. We treat others the way we want to be treated. Our team is considered one of our most valuable assets, and we ensure we offer a fun and rewarding workplace!

We are committed to the encouragement of personal growth and are pleased to offer opportunities for advancement to qualified individuals. Our formal training programs, on-the-job training activities, and customized development plans help support team members to accomplish their goals.
Company Growth (employees)
Type
Public
HQ
Southfield, US
Founded
1993
Size (employees)
2,679 (est)
Sun Communities was founded in 1993 and is headquartered in Southfield, US

Sun Communities Office Locations

Sun Communities has offices in Southfield, Sterling, Austin, Geneva and in 61 other locations
Southfield, US (HQ)
200 American Center 27777 Franklin Rd
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Sun Communities Financials and Metrics

Sun Communities Financials

Sun Communities's revenue was reported to be $833.8 m in FY, 2016
USD

Revenue (Q3, 2017)

268.2 m

Net income (Q3, 2017)

29 m

Market capitalization (13-Nov-2017)

7.4 b

Cash (30-Sep-2017)

137.4 m
Sun Communities's current market capitalization is $7.4 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

266 m288.6 m339 m415.2 m471.7 m674.7 m833.8 m

Revenue growth, %

9%17%23%14%43%24%

General and administrative expense

64.1 m

Operating expense total

64.1 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

107.2 m111.2 m115.4 m125.4 m152.7 m165.9 m185.4 m174.6 m190.8 m249.7 m234.4 m237.9 m268.2 m

General and administrative expense

16.5 m16.6 m17.9 m20 m18.3 m

Operating expense total

101.8 m100.7 m109 m112.7 m149.1 m154.9 m163.8 m162.6 m195.8 m226.7 m209.7 m222.2 m235 m

Interest expense

17.8 m17.6 m17.9 m18.6 m25.4 m26.8 m4 m3.9 m4.7 m4.7 m4.6 m5 m5.9 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

4.5 m8.4 m5.9 m29.5 m4.8 m83.5 m45.1 m8.2 m

Total Assets

2 b2.9 b4.2 b5.9 b

Accounts Payable

53.8 m

Total Liabilities

3.4 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

5 m9.3 m7.6 m259.2 m124.9 m11.9 m23.9 m410.4 m31.4 m69.8 m10.9 m241.6 m137.4 m

Total Assets

1.9 b2.1 b2.1 b2.4 b3.8 b4 b4.1 b4.6 b5.8 b5.9 b5.9 b6.2 b6.2 b

Total Liabilities

1.5 b1.5 b1.6 b1.5 b2.5 b2.6 b2.8 b2.6 b3.6 b3.4 b3.5 b3.4 b3.4 b

Additional Paid-in Capital

1.1 b1.3 b1.4 b1.7 b2 b2 b2.1 b2.7 b3 b3.3 b3.3 b3.8 b3.8 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

20.1 m33.2 m170.5 m31.5 m

Depreciation and Amortization

110.1 m133.7 m177.6 m218.7 m

Cash From Operating Activities

114.7 m133.3 m182.3 m238.7 m

Cash From Investing Activities

(352.4 m)(550.7 m)(413.2 m)(1.6 b)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

17.5 m10.9 m18.5 m45.2 m12.2 m30.7 m70.4 m11.8 m(5 m)23.2 m25.5 m

Depreciation and Amortization

75.1 m29.2 m59.3 m89.2 m43.5 m85.5 m129.1 m47.6 m96.7 m157.7 m62.8 m

Cash From Operating Activities

94.3 m44.7 m77.1 m109.3 m40.9 m92.4 m146.8 m50.9 m129 m190.3 m70.6 m153.2 m223.3 m

Purchases of PP&E

(82.7 m)
Y, 2017

Financial Leverage

2.2 x
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Sun Communities Market Value History

Sun Communities's Web-traffic and Trends

Sun Communities Online and Social Media Presence

Sun Communities Company Life and Culture

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