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 64 other locations
Southfield, US (HQ)
200 American Center 27777 Franklin Rd

Sun Communities Data and Metrics

Sun Communities Financial Metrics

Sun Communities's revenue was reported to be $833.8 m in FY, 2016 which is a 24% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

833.8 m

Revenue growth (FY, 2015 - FY, 2016), %

24%

Net income (FY, 2016)

31.5 m

Market capitalization (26-May-2017)

6.4 b

Closing share price (26-May-2017)

86

Cash (31-Dec-2016)

8.2 m
Sun Communities's current market capitalization is $6.4 b.
Numbers are in $, 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%

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
Numbers are in $, 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

Accounts Receivable

Inventories

Total Assets

2 b2.9 b4.2 b5.9 b

Accounts Payable

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
Numbers are in $, 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

Accounts Receivable

Inventories

Accounts Payable

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
Numbers are in $, USDY, 2016

Revenue/Employee

465.8 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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