The Tip Desk

SUN COMMUNITIES INC

Company Stats

Market Cap
$13.5B
as of Sep 30, 2026
Enterprise Value
$17.2B
Shares Outstanding
121.8M
Free Float
88.3%

Income Statement

Revenue
$2.3B
Net Income
$1.4B
FCF Margin, 3Y Avg
29.6%
FCF Margin, Worst Year
17.7%

Cash Flow

Free Cash Flow
$407.2M
FCF Yield
3.0%
Owner FCF Yield
2.7%

Balance Sheet

Cash & Equivalents
$569.6M
Total Debt
$4.3B
Net Debt
$3.7B

Returns & Capital

Dividends Paid
$1.0B
Dividend Yield
7.7%
Share Repurchases
$539.1M
Buyback Yield, 3Y Avg
1.3%
SBC, 3Y Avg
$35.2M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.3B$407.2M17.7%
FY2024$2.3B$830.8M36.8%
FY2023$2.3B$783.4M34.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 25, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Coverage