Sun Communities Inc

Sun Communities maintains a conservative capital structure with total assets of $12.52 billion and total liabilities of $5.19 billion, resulting in total equity of $6.95 billion. The company holds $570 million in cash and equivalents, providing a liquidity buffer against its operating cash flow of $864 million. The valuation snapshot indicates a debt-to-equity ratio of 0.0, suggesting either a very low leverage profile or a specific accounting treatment of debt instruments not fully captured in the standard liability line items for this snapshot. The current ratio is not explicitly provided, but the cash position relative to short-term obligations appears stable given the low liquidity risk flag.

Profitability metrics show a net income of $1.41 billion on revenue of $2.31 billion, yielding a net margin of approximately 61%. The return on equity stands at 20.23%, and return on assets is 11.24%, indicating efficient use of capital. The price-to-earnings ratio is 14.02, and the price-to-book ratio is 2.84, reflecting a premium valuation relative to book value. The EV/EBITDA ratio is reported as 350.44, which is an outlier and likely reflects a data anomaly or specific EBITDA calculation discrepancy, as it is significantly higher than typical REIT multiples.

Segment and geographic data are not provided in the input, preventing a detailed analysis of revenue concentration by region or business line. The company’s revenue is derived from its core residential REIT activities, but specific breakdowns of new home sales versus lot rentals are absent from the current dataset.

Growth trajectory analysis is limited due to the absence of historical period data. The current revenue figure of $2.31 billion serves as the baseline, but year-over-year or compound annual growth rates cannot be calculated from the provided snapshot. Capital expenditures of $457 million suggest ongoing investment in property development and maintenance.

Risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The shares outstanding are 123.5 million for both basic and diluted counts, implying no significant dilutive securities are currently impacting the share count. The primary risk appears to be valuation-related, given the high EV/EBITDA multiple and the premium P/B ratio.

Recent news events include a technical failure in the analysis re-drive process, labeled as "failed_redrive," which does not reflect a fundamental business event but rather a data processing issue. Analyst estimates show a mean price target of $140.00, which is below the current market price of $159.85, suggesting the stock may be overvalued relative to consensus expectations. The mean recommendation is 2.11, indicating a moderate buy rating.

Net income surged 1,249.5% year-over-year to $1.37 billion in fiscal 2026, demonstrating strong recent profitability growth.

Long-term debt decreased to $4.27 billion in fiscal 2026, down from $7.79 billion in fiscal 2024, indicating deleveraging.

Ownership concentration is low with the top five holders representing only 1.2% of shares, suggesting broad investor base.

The company faces high credit risk according to internal risk flags, posing a significant threat to financial stability.

Return on invested capital is extremely low at 0.79%, indicating inefficient capital deployment relative to peers.

Cash conversion ratio of 0.61 falls below the 0.74 median for the residential REIT cohort, signaling weaker cash generation.

Revenue $507.9M, +8,0% YoY; Operating income +25,5% YoY.

• ▍Revenue $507.9M, +8,0% YoY
• ▍Operating income +25,5% YoY
• ▍Net income +84,9% YoY
• ▍Free cash flow −76,4% YoY
• ▍Net margin -1.2%

Revenue $515.2M, +0,1% YoY; Operating income +135,1% YoY.

• ▍Revenue $515.2M, +0,1% YoY
• ▍Operating income +135,1% YoY
• ▍Net income +156,5% YoY
• ▍Free cash flow −43,6% YoY
• ▍Net margin 24.3%

Revenue $697.2M, +2,5% YoY; Operating income −67,5% YoY.

• ▍Revenue $697.2M, +2,5% YoY
• ▍Operating income −67,5% YoY
• ▍Net income −96,0% YoY
• ▍Free cash flow −109,8% YoY
• ▍Net margin 1.7%

Revenue $623.5M, +4,6% YoY; Operating income −185,6% YoY.

• ▍Revenue $623.5M, +4,6% YoY
• ▍Operating income −185,6% YoY
• ▍Net income +2 208,9% YoY
• ▍Free cash flow −11 380,0% YoY
• ▍Net margin 204.8%

Revenue $470.2M; Operating income $39.6M.

• ▍Revenue $470.2M
• ▍Operating income $39.6M
• ▍Net margin -8.4%

Revenue $514.6M; Operating income -$145.7M.

• ▍Revenue $514.6M
• ▍Operating income -$145.7M
• ▍Net margin -43.0%

Revenue $680.4M; Operating income $181.1M.

• ▍Revenue $680.4M
• ▍Operating income $181.1M
• ▍Net margin 42.9%

Revenue $596.3M; Operating income $122.6M.

• ▍Revenue $596.3M
• ▍Operating income $122.6M
• ▍Net margin 9.3%

Revenue $2.31B, +2,0% YoY; Operating income −29,9% YoY.

• ▍Revenue $2.31B, +2,0% YoY
• ▍Operating income −29,9% YoY
• ▍Net income +1 249,5% YoY
• ▍Free cash flow −1 599,5% YoY
• ▍Net margin 59.6%

Revenue $2.26B, −1,0% YoY; Operating income +18,8% YoY.

• ▍Revenue $2.26B, −1,0% YoY
• ▍Operating income +18,8% YoY
• ▍Net income +150,7% YoY
• ▍Free cash flow +83,0% YoY
• ▍Net margin 4.5%

Revenue $2.28B, −23,1% YoY; Operating income −74,9% YoY.

• ▍Revenue $2.28B, −23,1% YoY
• ▍Operating income −74,9% YoY
• ▍Net income −179,4% YoY
• ▍Free cash flow +80,2% YoY
• ▍Net margin -8.8%

Revenue $2.97B, +30,7% YoY; Operating income +21,2% YoY.

• ▍Revenue $2.97B, +30,7% YoY
• ▍Operating income +21,2% YoY
• ▍Net income −35,5% YoY
• ▍Free cash flow −60,2% YoY
• ▍Net margin 8.5%