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Sun Communities Inc  (SUI)
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Sun Communities Inc

SUI's Financial Statements and Analysis



Sun Communities Inc narrowed first quarter of 2024 net loss per share of $-0.22 compare to net loss per share of $-0.24 recorded in the same quarter a year ago and improved compare to net loss per share of $-3.53 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ -0.22 $  671 Mill
$+0.02     $+20M     +3.09 %



Sun Communities Inc's Revenue rose by 3.09 % in first quarter of 2024 (Mar 31 2024) year on year, to $671 million and declined by -7.62 % sequentially.


Sun Communities Inc is

More on SUI's Income Statement



Sun Communities Inc in the first quarter of 2024 recorded net loss of $-25.500 million, an improvement compare to net loss of $-32.900 million in I. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-454.100 million realized in previous quarter.

More on SUI's Growth

Sun Communities Inc Inventories
SUI's Cash flow In the first quarter of 2024 company's net cash flow was $90 million


Sun Communities Inc payed out dividend of $4.68 per share in last 52 weeks

In trailing twelve-month period Sun Communities Inc earned $ 6.62 cash per share, on a free-cash flow basis .

Book value fell by -4.08 % sequentially to $55.48 per share, -137.04% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 46.84 per share from $ 48.95.

Company issued 2.59 million shares or 2.09 % in Mar 31 2024.
Interest Coverage Ratio was 0.48. Debt Coverage Ratio was 0.04.

More on SUI's Dividends

 Market Capitalization (Millions) 15,479
 Shares Outstanding (Millions) 127
 Total Debt (Millions $) 4,350
 Revenue (TTM) (Millions $) 3,245
 Net Income (TTM) (Millions $) -202
 Cash Flow (TTM) (Millions $) 58
 Capital Exp. (TTM) (Millions $) -489
 Dividend TTM ($) 4.68 $
 Dividend Yield TTM (%) 3.06 %
 Employees (TTM) $ -




Sun Communities Inc payed out dividend of $4.68 per share in the last 52 weeks

In trailing twelve-month period Sun Communities Inc had $ 6.62 cash flow per share, on a free-cash flow basis .

Book value fell by -4.08 % sequentially to $55.48 per share, -137.04% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 46.84 per share from $ 48.95.

Company issued 2.59 million shares or 2.09 % in Mar 31 2024.
Interest Coverage Ratio was 0.48. Debt Coverage Ratio was 0.04.

More on SUI's Balance Sheets

 Market Capitalization (Millions) 15,479
 Shares Outstanding (Millions) 127
 Total Debt (Millions $) 4,350
 Revenue (TTM) (Millions $) 3,245
 Net Income (TTM) (Millions $) -202
 Cash Flow (TTM) (Millions $) 58
 Capital Exp. (TTM) (Millions $) -489
 Dividend TTM ($) 4.68 $
 Dividend Yield TTM (%) 3.06 %
 Employees (TTM) $ -
   


  News about Sun Communities Inc Earnings

Sun Communities Inc. Bounces Back: Reports Lower Loss Per Share and Revenue Increase in Q1 2024

Sun Communities Inc, a real estate investment trust specializing in manufactured housing and recreational vehicle communities, has announced its first quarter 2024 operating results. The company reported a decrease in loss per share compared to the same period last year, with a loss of $-0.22 per share compared to $-0.24 in the previous year. Earnings per share also improved from $-3.53 to -$3.39.
The revenue for the first quarter increased slightly by 3.087% to $671.30 million, up from $651.20 million in the same period last year. However, there was a sequential decrease of -7.624% from $726.70 million. Despite this, Sun Communities Inc's top-line increase lags behind its peers in the real estate invest...

Sun Communities Inc Sees Revenue Growth Despite Earnings Shortfall in Q4 2023

As a financial analyst covering Sun Communities Inc, the recent financial results for the fiscal fourth quarter of 2023 have sparked interest and concern. The company slipped into a significant shortfall of $-3.53 per share, a stark contrast to the positive earnings of $0.03 per share from a year ago. Earnings per share also fell from $1.31 per share in the previous quarter, highlighting a downward trend in profitability.
Despite these disappointing figures, there was a silver lining in the form of revenue growth. Sun Communities Inc saw a 7.771% increase in revenue, reaching $726.70 million compared to $674.30 million in the same quarter a year ago. However, sequentially, revenue fell by -26.088% from ...

Sun Communities Inc's Revenue Shines, But Earnings Lose Their Spark in Q3 2023

During the past 5 trading days, the stock of Sun Communities Inc (SUI) experienced a modest increase of 0.76%. While this may seem like a positive development, the year-to-date performance of the stock paints a less optimistic picture, as it has declined by -24.49% overall.
When examining the sector in which Sun Communities Inc operates, it becomes apparent that the company's performance in the July to September 30, 2023 interval was relatively mixed. On one hand, the company saw a 5.426% increase in revenue, reaching $983.20 million compared to $932.60 million in the previous year. On the other hand, profitability exhibited a slight decrease of -0.76%, with earnings per share dropping from $1.32 to $1.3...

Sun Communities Inc Shatters Expectations: Second Quarter 2023 Results Reveal Skyrocketing Profits and Exponential Growth in Revenue

Sun Communities Inc, a real estate investment trust specializing in the ownership and operation of manufactured housing and recreational vehicle communities, has reported strong financial results for the second quarter of 2023. The company experienced significant growth in both revenue and net profit per share compared to the same period last year.
In Q2 2023, Sun Communities Inc saw its revenue soar by an impressive 57.429% to $863.50 million. This substantial increase in revenue indicates the company's ability to attract more customers and generate higher sales. It is worth noting that the company's revenue growth in the fourth quarter of 2022 was also noteworthy, with a 28.059% improvement from $674.3...


Date modified: 2024-05-03T15:50:18+00:00





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