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Sun Communities SUI Contract Liabilities

Contract Liabilities at other companies

Equity Lifestyle Properties logo
Equity Lifestyle PropertiesELS
$217.42M-4.7%
Meritage Homes logo
Meritage HomesMTH
$10.91M-38.2%
Travel + Leisure logo
Travel + LeisureTNL
$463M-4.3%
Marriott Vacations Worldwide logo
Marriott Vacations WorldwideVAC
$582M+3.7%
Camping World Holdings logo
Camping World HoldingsCWH
$55.64M-11.3%

Other financials

Income statement

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Revenue$484.6M-22.3%
Gross profit$664.6M+28.6%
Net income-$1.0B-177%
EPS (diluted)-$8.08-181%

Balance sheet

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Cash & equivalents$165.2M-88.7%
Total debt$22.6M-51.5%
Total equity$5.5B-25.5%
Total assets$10.9B-18.7%

Cash flow

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Operating cash flow$535.2M+7.1%
CapEx$230.3M+36.9%
Free cash flow-$46.5M-330%

Valuation

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Market cap$14.72B-6.5%
Enterprise value$14.58B-9.1%
P/S6.8×+1.6×

Profitability

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Gross margin86.5%-4.4pp
Net margin-42.7%-97.1pp
FCF margin-6.1%-9.6pp

Returns & leverage

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Return on equity-14.3%-37.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Sun Communities in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Sun Communities’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 3:23 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q3 2026
Accession
0000912593-26-000234
Line itemJune 30, 2026December 31, 2025
Secured borrowings on collateralized receivables39.243.2
Unsecured debt (see Note 7)1,787.71,786.5
Distributions payable139.9131.1
Advanced reservation deposits and rent199.9125.9
Accrued expenses and accounts payable193.3178.3
Other liabilities75.873.2
Liabilities held for sale and discontinued operations, net (see Note 2)428.9427.2
Total Liabilities5,090.05,194.4

Item 6. Exhibits [49](#i36fcae9f6528484c841552f612592e56_172)

FAQ

What is Sun Communities's contract liabilities?
Sun Communities (SUI) reported contract liabilities of $199.9M in Q2 2026.
How has Sun Communities's contract liabilities changed year-over-year?
Sun Communities's contract liabilities decreased by 35.1% year-over-year, from $308.2M to $199.9M.
What is the long-term trend for Sun Communities's contract liabilities?
Over 5 years (2021 to 2026), Sun Communities's contract liabilities has grown at a 3.1% compound annual growth rate (CAGR), from $280.3M to $327M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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