Discontinued — last reported Q2 '24
Home sales — Real property
Sun Communities Home sales — Real property decreased by 3.9% to $117.80M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 21.8%, from $150.70M to $117.80M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for home ownership within the company's communities and potential for future growth in site rental revenue, while a decrease may indicate cooling demand or inventory constraints.
Detailed definition
This metric represents the total revenue generated from the sale of manufactured homes and related real property assets...
Peer comparison
Comparable to home sales revenue reported by other manufactured housing REITs or residential developers that sell units to residents to secure long-term occupancy.
sui_segment_home_sales_real_propertyHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q4 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $52.20M | $81.80M | $81.10M | $64.70M | $142.70M | $150.70M | $86.30M | $122.60M | $117.80M |
| QoQ Change | — | +56.7% | -0.9% | -20.2% | +120.6% | +5.6% | -42.7% | +42.1% | -3.9% |
| YoY Change | — | — | — | +23.9% | +74.4% | +85.8% | +33.4% | -14.1% | -21.8% |
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Frequently Asked Questions
- What is Sun Communities's home sales — real property?
- Sun Communities (SUI) reported home sales — real property of $117.80M in Q3 2023.
- How has Sun Communities's home sales — real property changed year-over-year?
- Sun Communities's home sales — real property decreased by 21.8% year-over-year, from $150.70M to $117.80M.
- What does home sales — real property mean?
- Revenue generated from selling manufactured homes to residents within the company's communities.