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Sun Communities Cash Flow Statement

Operating, investing, and financing cash movements

Sun Communities generated $900.2M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating$269.3MNet Cash From Investing (TTM)$5.2BNet Cash From Financing (TTM)-$5.2BCapital Expenditures (TTM)$921.0MDepreciation And Amortization Cf (TTM)$507.9MNet Change In Cash (TTM)$35.5M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$15.5B
P/E Ratio14.54
ROE15.6%

Investing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Acquisitions, net of cash acquired—$1M$1M$600K$421.1M$39M
Net cash used for investing activities from discontinued operations$0-$47M$5.4B$150.6M$16.8M$0
Payments for Capital Improvements and Developments of Real Estate$16.2M$109.9M$223.5M$104.4M$26M$107M
Payment for (Proceeds from) Other Investing Activity—-$5.2M———-$3.6M
Proceeds from disposition of assets and depreciated homes, net—$4.7M$10.3M$3.4M—$1.4M
Proceeds from disposal of certain strategic investments$0$0$0$0$0$0
Proceeds From Sale Of Real Estate Heldforinvestment—$83.7M$124.4M$17.9M$19.6M$0
Repayments of notes and other receivables—$36.9M$37.6M$1.1M$47.1M$800K
Net cash from investing activities—-$27.4M$5.3B$67.5M$0-$140.2M
Other investing activities—-$5.2M———-$3.6M

Operating

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Change in other liabilities$8.9M$8.9M-$31.2M-$31.2M-$31.2M-$31.2M
Other working capital changes-$6.5M-$6.5M-$7.5M-$7.5M-$7.5M-$7.5M
Deferred income taxes-$9.9M-$9.9M-$15M-$15M-$15M-$15M
Impairment charges$7M—$96.7M$96.7M$96.7M$96.7M
Net cash from operating activities—$243.9M$499.9M$197.8M—$269.3M
Net cash provided by operating activities from discontinued operations—$104.6M$90.3M——$0
Gain on early lease termination$0$0$13M$13M$13M$13M
Gain (Loss), Foreign Currency Transaction, after Tax-$6.5M-$6.5M$6.7M$6.7M$6.7M$6.7M
Gain (Loss) On Remeasurement Of Note Receivable-$9.1M-$9.1M-$400K-$400K-$400K-$400K
Impairment Of Real Estate$5.9M$5.9M$300K$300K$300K$300K
Net income from discontinued operations$18.6M$18.6M$357.4M$357.4M$357.4M$357.4M
FC Fire insurance gain$0$0$7.7M$7.7M$7.7M$7.7M
Impairment of assets and other charges$7M$24M$96.7M$96.7M$96.7M$96.7M

Financing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Proceeds from issuance of debt$127.2M$356.3M$624.5M——$0
Repayments of debt$71.4M$61.7M$1.9B$96.4M$55.6M$12.1M
Dividends paid$0$125.4M$772.9M$136.9M$500K$134M
Cash from (used for) financing activities – discontinued operations—-$51.7M-$5.5B-$119.2M-$18.1M$0
Cash Provided by (Used in) Financing Activity, Continuing Operation—-$119M$1B——-$267.3M
Payments for redemption of temporary equity—$0$2M——$54.2M
Payments of Ordinary Dividends$0$125.4M$772.9M$136.9M$500K$134M
Payments Of Stock Issuance Costs, Net—$100K———$0
Net capital transfer from consolidated affiliates—$46.4M———$0
Net cash from financing activities—-$170.7M-$4.4B-$551.9M$0-$267.3M
Repurchases of common stock$0$0$202.8M$297.5M$0$60.1M
Taxes paid for net share settlement—$6.7M$7.3M$1.4M—$6.9M

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Effect of exchange rate changes on cash-$1.8M$400K$2.1M——-$900K
Net increase (decrease) in cash—$46.2M$1.4B——-$139.1M
Change in distributions declared and outstanding$1.1M$100K$11.2M——$9.8M
Exchange Offer (Note 12)—$1.2M$2.7M$800K—$4.2M
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1$0$0$0$0$0$0
Noncash Or Part Noncash Acquisition Other Assets Acquired1$0$0$0$0$0$0
Settlement of preferred equity interests in connection with exchange for noncontrolling interests$0$0$0$0$0$0
Proceeds from secured term loan$0$0$0$0$0$0
Release of note receivable and accrued interest in relation to acquisition of real estate collateral$0$0$0$0$0$0
Temporary Equity Stock Issued During Period Value New Issues——$850K$850K$850K$850K

Supplemental

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income taxes paid$300K$100K$1.2M$3.4M—$2M
Interest paid$0$90.7M$26.2M$177.4M$8.4M$33.9M
Income Taxes Paid, Net$300K$100K$1.2M$3.4M—$2M