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Sun Communities SUI Investment properties, at cost

Investment properties, at cost at other companies

UMH
UMH PropertiesUMH
$1.96B+10.5%
Equity Lifestyle Properties logo
Equity Lifestyle PropertiesELS
$8.41B+4.8%

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$14.67B-6.4%
Enterprise value$14.53B-9.0%
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:RealEstateInvestmentPropertyAtCost.

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
Land improvements and buildings8,733.98,699.2
Rental homes and improvements998.3940.2
Furniture, fixtures and equipment687.2674.3
Investment property12,213.212,124.2
Accumulated depreciation(3,702.0)(3,505.7)
Investment property, net8,511.28,618.5
Cash, cash equivalents and restricted cash165.2606.7
Inventory of manufactured homes75.784.7

Item 6. Exhibits [49](#i36fcae9f6528484c841552f612592e56_172)

FAQ

What is Sun Communities's investment properties, at cost?
Sun Communities (SUI) reported investment properties, at cost of $12.21B in Q2 2026.
How has Sun Communities's investment properties, at cost changed year-over-year?
Sun Communities's investment properties, at cost decreased by 13.8% year-over-year, from $14.17B to $12.21B.
What is the long-term trend for Sun Communities's investment properties, at cost?
Over 5 years (2021 to 2026), Sun Communities's investment properties, at cost has grown at a 4.0% compound annual growth rate (CAGR), from $12B to $14.56B.
What does investment properties, at cost mean?
The total historical cost of all real estate properties held for investment purposes. This metric provides a baseline for the size of the company's real estate portfolio before accounting for depreciation. It is a primary measure of the company's total capital investment in its core business.

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