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)+50%
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
Show all (65)

Sun Communities Data and Metrics

Sun Communities Financial Metrics

Sun Communities's revenue was reported to be $234.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

234.4 m

Net income (Q1, 2017)

25.5 m

Market capitalization (21-Jul-2017)

6.5 b

Cash (31-Mar-2017)

10.9 m
Sun Communities's current market capitalization is $6.5 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

397.1 m461.6 m636 m796.7 m

Depreciation and amortization

74.2 m89.7 m110.1 m133.7 m177.6 m

EBIT

229.8 m261.8 m384.6 m

EBIT margin, %

55%56%57%

Interest expense

13.1 m14.5 m15.9 m18.1 m

Income tax expense

512 k1 m

Net Income

20.1 m33.2 m170.5 m31.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

115.4 m125.4 m152.7 m165.9 m185.4 m174.6 m190.8 m249.7 m234.4 m

General and administrative expense

16.5 m16.6 m17.9 m

Operating expense total

16.5 m16.6 m17.9 m

Interest expense

17.9 m18.6 m25.4 m26.8 m4 m3.9 m4.7 m4.7 m4.6 m

Interest income

3.5 m3.5 m4 m3.9 m

Income tax expense

(228 k)(56 k)(283 k)

Net Income

18.5 m45.2 m12.2 m30.7 m70.4 m11.8 m(5 m)23.2 m25.5 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

Additional Paid-in Capital

1.1 b1.8 b2.3 b3.3 b

Total Equity

397.1 m940.2 m1.5 b2.4 b

Financial Leverage

5 x3.1 x2.7 x2.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

7.6 m259.2 m124.9 m11.9 m23.9 m410.4 m31.4 m69.8 m10.9 m

Total Assets

2.1 b2.4 b3.8 b4 b4.1 b4.6 b5.8 b5.9 b5.9 b

Additional Paid-in Capital

1.4 b1.7 b2 b2 b2.1 b2.7 b3 b3.3 b3.3 b

Total Equity

571.6 m913.5 m1.2 b1.2 b1.2 b1.9 b2.1 b2.4 b2.4 b

Financial Leverage

3.8 x2.7 x3.3 x3.4 x3.3 x2.4 x2.8 x2.5 x2.5 x
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)

Interest Paid

61.3 m60.3 m100 m121.5 m

Income Taxes Paid

310 k452 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

18.5 m45.2 m12.2 m30.7 m70.4 m11.8 m(5 m)23.2 m25.5 m

Depreciation and Amortization

59.3 m89.2 m43.5 m85.5 m129.1 m47.6 m96.7 m157.7 m62.8 m

Cash From Operating Activities

77.1 m109.3 m40.9 m92.4 m146.8 m50.9 m129 m190.3 m70.6 m

Cash From Investing Activities

(196.8 m)(248.6 m)(212.2 m)(304.9 m)(403.2 m)(45.3 m)(1.5 b)(1.5 b)(71.7 m)

Cash From Financing Activities

196.9 m359.6 m1.3 b1.4 b3.9 m

Interest Paid

28.1 m43.3 m21.5 m47 m77.7 m26.8 m56.1 m91.3 m30.6 m

Income Taxes Paid

100 k426 k612 k116 k
USDY, 2017

Revenue/Employee

87.5 k

Financial Leverage

2.5 x

Sun Communities Market Value History

Sun Communities Online and Social Media Presence

Sun Communities Company Life and Culture

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