What is Sun Communities's real property — real property?

Sun Communities (SUI) reported real property — real property of $526.20M in Q2 2023.

How has Sun Communities's real property — real property changed year-over-year?

Sun Communities's real property — real property increased by 7.8% year-over-year, from $488.10M to $526.20M.

What is the long-term trend for Sun Communities's real property — real property?

Over 2 years (2021 to 2023), Sun Communities's real property — real property has grown at a 29.7% compound annual growth rate (CAGR), from $1.13B to $1.90B.

What does real property — real property mean?

This is the core income generated directly from the rental and operation of the company's real estate properties.

Discontinued — last reported Q1 '24

Products & Services · Real property

Real property — Real property

Sun Communities Real property — Real property increased by 19.2% to $526.20M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 7.8%, from $488.10M to $526.20M. Over 2 years (FY 2021 to FY 2023), Real property — Real property shows an upward trend with a 29.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityStable

First reportedQ4 2018

Last reportedQ1 2024Jul 27, 2023

Rolls up toTotal Revenue

How to read this metric

An increase indicates strong rental demand, successful occupancy management, or effective rate growth across the property portfolio. A decrease may signal rising vacancy rates, competitive pricing pressure, or operational challenges within the core asset base.

Detailed definition

This metric represents the total revenue or net operating income generated specifically from the core real estate assets...

Peer comparison

This is highly comparable to 'Rental Revenue' or 'Property Operating Income' reported by other residential and specialty REITs, allowing for benchmarking of core asset performance against industry peers.

Metric ID: sui_segment_real_property_real_property

Historical Data

10 periods

	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24
Value	$330.60M	$405.30M	$478.10M	$327.00M	$387.80M	$488.10M	$585.70M	$387.00M	$441.40M	$526.20M
QoQ Change	—	+22.6%	+18.0%	-31.6%	+18.6%	+25.9%	+20.0%	-33.9%	+14.1%	+19.2%
YoY Change	—	—	—	—	+17.3%	+20.4%	+22.5%	+18.3%	+13.8%	+7.8%

Range$327.00M – $585.70M

CAGR+22.9%

Avg YoY Growth+16.7%

Median YoY Growth+17.8%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Sun Communities's real property — real property?: Sun Communities (SUI) reported real property — real property of $526.20M in Q2 2023.
How has Sun Communities's real property — real property changed year-over-year?: Sun Communities's real property — real property increased by 7.8% year-over-year, from $488.10M to $526.20M.
What is the long-term trend for Sun Communities's real property — real property?: Over 2 years (2021 to 2023), Sun Communities's real property — real property has grown at a 29.7% compound annual growth rate (CAGR), from $1.13B to $1.90B.
What does real property — real property mean?: This is the core income generated directly from the rental and operation of the company's real estate properties.