How do you interpret home sales and home rentals segment — rental home revenue?

Growth indicates successful leasing strategies and rising demand for rental housing.

How does home sales and home rentals segment — rental home revenue compare across companies?

Comparable to rental income metrics for residential REITs and property management firms.

Sun Communities SUI Home Sales and Home Rentals Segment — Rental home revenue

Discontinued — last reported Q4 '19

Similar metrics at other companies

ELSHome Sales and Rentals Operations — Rental income

$3.79M+11.8%

ELSHome Sales And Rentals — Revenuefor Reportable

$29.08M+122%

ELSHome Sales and Rentals Operations — Operations revenues

$12.71M-9.2%

ELSHome Sales and Rentals Operations — Revenue

$32.96M-14.4%

ELSHome Sales and Rentals Operations — Rental income, before adoption

$3.43M—

ELSHome Sales And Rentals — Sales Of Real Estate

$8.31M+18.2%

Other financials

Income statement

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Revenue$507.9M+8.0%

Gross profit$664.6M+28.6%

Net income-$6.3M+84.9%

EPS (diluted)-$0.07+79.4%

Balance sheet

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Cash & equivalents$497.0M+410%

Total debt$45.5M-5.8%

Total equity$6.8B-2.4%

Total assets$12.4B-25.1%

Cash flow

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Operating cash flow$269.3M+10.4%

CapEx$230.3M+36.9%

Free cash flow-$46.5M-330%

Valuation

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Market cap$14.6B-2.3%

Enterprise value$14.15B-4.9%

P/E10.2×-32.7×

P/S6.3×-0.3×

Profitability

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Gross margin86.5%-4.4pp

Net margin62%+46.6pp

FCF margin-6.1%-9.6pp

Returns & leverage

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Return on equity20.9%+15.9pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Sun Communities in its filing.

Tagged under the XBRL concept sui:RentalHomeRevenue.

The official record: Sun Communities’s 10-K, filed February 18, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does home sales and home rentals segment — rental home revenue mean?: Total revenue generated from leasing homes to residents.
How do you interpret home sales and home rentals segment — rental home revenue?: Growth indicates successful leasing strategies and rising demand for rental housing.
How does home sales and home rentals segment — rental home revenue compare across companies?: Comparable to rental income metrics for residential REITs and property management firms.