Jun 2026 (Q2 FY26) — Jul 28, 2026
Sun Communities Q2 FY26 — Strong MH Performance and Raised Guidance
Read the full callSun Communities (SUI) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Sun Communities earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 508 | +8.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Net profit | -6.4 | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
7 of 9 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 FY26 Manufactured Housing same-property NOI growth guidance | approximately 6.5% | Mar 2026 | Manufactured Housing same-property NOI increased 8.8%, exceeding our expectations. | Achieved |
| Full-year Core FFO per share | $6.87 to $7.07 | Mar 2026 | The [ $7.02 ] updated core FFO per share guidance midpoint assumes a full year contribution from our UK operations. | Revised Up |
| FY26 G&A expense (core portfolio, ex-U.K.) | approximately $172 million at the midpoint | Jun 2026 | We're expecting at the midpoint a contribution of about $172 million from G&A for the core portfolio. | New |
2 of SUN COMMUNITIES INC's 35 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 32 more targets are in the full ledger.
Claimed
- Core FFO per share of $1.84, exceeding the high-end of guidance by $0.05.
- North American same-property MH and RV NOI increased 6%, exceeding guidance.
- Manufactured Housing same-property NOI increased 8.8%, exceeding expectations.
- Repurchased approximately $200 million of common stock in Q2 and subsequent, totaling $260 million year-to-date.
- MH occupancy remained above 98%.
Qualified
- RV base rent growth decelerated sequentially in Q2 to 3.8% from 6.5% in Q1, though management attributes this to revenue mix optimization.
- Home sales volume down year-over-year, attributed to fewer pre-owned home purchases and resident retention.
Price
$117.55 −0.45% · −$0.53
Performance −5.0% 1Y
1Y: $123.79 on 17 Oct 2025 → $117.55. High $137.18 (2 Mar 2026), low $110 (1 Oct 2026).
- Previous close
- $118.08
- 52-week range
- $110 – $137.18
- One year
- −5.48%
Overview
- Symbol
- SUI
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
7 of 9 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 FY26 Manufactured Housing same-property NOI growth guidance | approximately 6.5% | Mar 2026 | Manufactured Housing same-property NOI increased 8.8%, exceeding our expectations. | Achieved |
| Full-year Core FFO per share | $6.87 to $7.07 | Mar 2026 | The [ $7.02 ] updated core FFO per share guidance midpoint assumes a full year contribution from our UK operations. | Revised Up |
| FY26 G&A expense (core portfolio, ex-U.K.) | approximately $172 million at the midpoint | Jun 2026 | We're expecting at the midpoint a contribution of about $172 million from G&A for the core portfolio. | New |
Claimed
- Core FFO per share of $1.84, exceeding the high-end of guidance by $0.05.
- North American same-property MH and RV NOI increased 6%, exceeding guidance.
- Manufactured Housing same-property NOI increased 8.8%, exceeding expectations.
- Repurchased approximately $200 million of common stock in Q2 and subsequent, totaling $260 million year-to-date.
- MH occupancy remained above 98%.
Qualified
- RV base rent growth decelerated sequentially in Q2 to 3.8% from 6.5% in Q1, though management attributes this to revenue mix optimization.
- Home sales volume down year-over-year, attributed to fewer pre-owned home purchases and resident retention.
The full ledger
Open SUN COMMUNITIES INC’s full ledger
A free account opens 5 company ledgers a month. All 35 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Sun Communities Q1 FY26 — Strong Performance and Raised Full-Year FFO Guidance
Read the full callEvery analysed call
Sun Communities earnings calls (SUI)
Financials
What the filings say
Net profit, year on year: +84% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 596 | 680 | 746 | 470 | 624 | 697 | 515 | 508 |
| Expenses | 564 | 587 | 964 | 513 | 813 | 699 | 510 | 484 |
| Net profit | 57 | 301 | -228 | -41 | 1,314 | 12 | 129 | -6 |
| EPS ($ per share) | 0.42 | 2.31 | — | -0.34 | 10.02 | 0.07 | — | -0.07 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total liabilities | 3,479 | 3,848 | 5,315 | 6,475 | 8,993 | 9,507 | 9,097 | 5,194 |
| Total assets | 6,710 | 7,802 | 11,207 | 13,494 | 17,084 | 16,941 | 16,549 | 12,523 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 363 | 477 | 543 | 754 | 735 | 791 | 861 | 864 |
| Cash from investing | -734 | -1,010 | -2,486 | -2,338 | -3,063 | -919 | -267 | 4,926 |
| Cash from financing | 410 | 506 | 2,001 | 1,570 | 2,349 | 80 | -572 | -5,219 |
| Net cash flow | — | -27 | 58 | -14 | 12 | -48 | 21 | 572 |
| Capital expenditure | -710 | -1,042 | -2,485 | -2,321 | -921 | -7 | -30 | -457 |
| Free cash flow | -347 | -565 | -1,941 | -1,568 | -186 | 783 | 831 | 407 |
SUI revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| MH | — | — | — | — | 43% | — | 58% | 61% | — |
| RV | — | — | — | — | 36% | — | 24% | 37% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
62 filings between Oct 20, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$27.75M
10 sales by 3 insiders
Compensation
not trading decisions- 16
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 29
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 dispositions to the issuer, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SHIFFMAN GARY A | — | $22.38M | Jun 24, 2026 |
| Castro-Caratini Fernando | — | $2.96M | May 26, 2026 |
| LEWIS CLUNET R | — | $2.41M | Mar 5, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Young Charles D. CEO & Director | Tax withheld | 3,393 | $373.2K |
| Sep 8, 2026 | Garechana Robert EVP, CFO, & Treasurer | Award | 6,374 | $749.9K |
| Jul 21, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 1,234 | $146.9K |
| Jul 21, 2026 | Loftus Brian P SVP, CAO, Controller | Tax withheld | 214 | $25.5K |
| Jul 21, 2026 | Weiss Aaron EVP, Chief Investment Officer | Tax withheld | 2,652 | $315.7K |
| Jul 21, 2026 | McLaren John Bandini President and COO | Tax withheld | 418 | $49.8K |
| Jun 29, 2026 | McAlary Ileana EVP, General Counsel, & Sec. | Award | 2,722 | $330.0K |
| Jun 24, 2026 | SHIFFMAN GARY A Director | Sale | 25,031 | $3.00M |
| May 26, 2026 | Castro-Caratini Fernando EVP, CFO, Sec. & Treas. | Sale | 21,261 | $2.64M |
| May 26, 2026 | Castro-Caratini Fernando EVP, CFO, Sec. & Treas. | Sale | 2,489 | $311.1K |
| May 26, 2026 | McLaren John Bandini President and COO | Gift | 910 | $0 |
| May 26, 2026 | McLaren John Bandini President and COO | Gift | 209 | $0 |
| Mar 27, 2026 | Weiss Aaron EVP, Chief Investment Officer | Award | 5,256 | $660.0K |
| Mar 27, 2026 | Young Charles D. CEO & Director | Award | 14,334 | $1.80M |
| Mar 27, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Award | 4,778 | $600.0K |
| Mar 27, 2026 | McLaren John Bandini President and COO | Award | 2,389 | $300.0K |
| Mar 17, 2026 | McLaren John Bandini President and COO | Tax withheld | 872 | $118.0K |
| Mar 12, 2026 | Loftus Brian P SVP, Chief Accounting Officer | Award | 5,185 | $700.0K |
| Mar 12, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Award | 296 | $40.0K |
| Mar 9, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 560 | $75.8K |
| Mar 9, 2026 | Castro-Caratini Fernando EVP, CFO, Sec. & Treas. | Tax withheld | 7,858 | $1.06M |
| Mar 9, 2026 | Loftus Brian P SVP, Chief Accounting Officer | Tax withheld | 172 | $23.3K |
| Mar 9, 2026 | Thelen Bruce EVP, COO | Tax withheld | 560 | $75.8K |
| Mar 9, 2026 | Weiss Aaron EVP, Chief Investment Officer | Tax withheld | 1,344 | $182.0K |
| Mar 9, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 19 | $2.6K |
| Mar 5, 2026 | LEWIS CLUNET R Director | Sale | 3,800 | $516.8K |
| Mar 5, 2026 | LEWIS CLUNET R Director | Sale | 3,200 | $435.7K |
| Mar 5, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 9 | $1.2K |
| Mar 5, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 699 | $95.5K |
| Mar 4, 2026 | Weiss Aaron EVP, Corp. Strat. & Bus. Dev. | Tax withheld | 1,154 | $156.8K |
| Mar 4, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 19 | $2.6K |
| Mar 4, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 560 | $76.1K |
| Mar 4, 2026 | Thelen Bruce EVP, COO | Tax withheld | 635 | $86.3K |
| Mar 2, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 17 | $2.3K |
| Feb 27, 2026 | LEWIS CLUNET R Director | Sale | 2,000 | $272.3K |
| Feb 27, 2026 | LEWIS CLUNET R Director | Sale | 5,000 | $683.3K |
| Feb 24, 2026 | Thelen Bruce EVP, COO | Tax withheld | 1,025 | $134.6K |
| Feb 24, 2026 | Weiss Aaron EVP, Corp. Strat. & Bus. Dev. | Tax withheld | 1,529 | $200.8K |
| Feb 24, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 8 | $1.1K |
| Feb 24, 2026 | Farrugia Marc EVP & Chief Admin. Officer | Tax withheld | 932 | $122.4K |
| Feb 23, 2026 | McLaren John Bandini President | Tax withheld | 872 | $114.4K |
| Feb 11, 2026 | Thelen Bruce EVP, COO | Tax withheld | 317 | $40.5K |
| Feb 5, 2026 | HERMELIN BRIAN M Director | Award | 1,617 | $200.0K |
| Feb 5, 2026 | Allen Tonya Director | Award | 1,617 | $200.0K |
| Feb 5, 2026 | SHIFFMAN GARY A Director | Award | 1,617 | $200.0K |
| Feb 5, 2026 | BLAU JEFF Director | Award | 1,617 | $200.0K |
| Feb 5, 2026 | Baivier Meghan G. Director | Award | 1,617 | $200.0K |
| Feb 5, 2026 | LEWIS CLUNET R Director | Award | 1,617 | $200.0K |
| Feb 5, 2026 | Ehlinger Jerome W. Director | Award | 1,617 | $200.0K |
| Feb 4, 2026 | Patten Mark E EVP, CFO, Sec. & Treas. | Disposition to issuer | 28,892 | $3.70M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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