Discontinued — last reported Q4 '23
Home Sales — Home sales
Sun Communities Home Sales — Home sales remained flat by 0.0% to $116.45M in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 66.2%, from $70.05M to $116.45M. Over 2 years (FY 2021 to FY 2023), Home Sales — Home sales shows an upward trend with a 62.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for home ownership within the company's communities and potential for future growth in site rental revenue. A decrease may indicate cooling demand for manufactured housing or a strategic shift in sales velocity.
Detailed definition
This metric represents the total revenue generated from the sale of manufactured homes to residents within the company's...
Peer comparison
Comparable to home sales revenue reported by other residential REITs or manufactured housing operators that act as dealers for housing units.
sui_segment_home_sales_home_salesHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $175.70M | $280.20M | $465.80M |
| YoY Change | — | +59.5% | +66.2% |
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Frequently Asked Questions
- What is Sun Communities's home sales — home sales?
- Sun Communities (SUI) reported home sales — home sales of $116.45M in Q1 2023.
- How has Sun Communities's home sales — home sales changed year-over-year?
- Sun Communities's home sales — home sales increased by 66.2% year-over-year, from $70.05M to $116.45M.
- What is the long-term trend for Sun Communities's home sales — home sales?
- Over 2 years (2021 to 2023), Sun Communities's home sales — home sales has grown at a 62.8% compound annual growth rate (CAGR), from $175.70M to $465.80M.
- What does home sales — home sales mean?
- Total revenue earned from selling manufactured homes to residents.