What is Sun Communities's marina sale segment — goodwill?

Sun Communities (SUI) reported marina sale segment — goodwill of $461.61M in Q3 2021.

What does marina sale segment — goodwill mean?

The premium paid for past acquisitions within the marina segment.

How do you interpret marina sale segment — goodwill?

Changes typically reflect new acquisitions or impairment charges due to underperformance of acquired assets.

How does marina sale segment — goodwill compare across companies?

Standard accounting metric for M&A-heavy REITs.

Sun Communities SUI Marina Sale Segment — Goodwill

Discontinued — last reported Q2 '22

Similar metrics at other companies

GRMNMarine — Goodwill

$134.53M+5.4%

STWDCommercial and Residential Lending Segment — Goodwill

$0—

MKLOther — Goodwill

$847.71M+85.1%

LENAll Other Segments — Goodwill

$0—

MLMSpecialties — Goodwill

$209M—

GRMNMarine — Goodwill Acquired

$634.75K-79.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$269.3M+10.4%

CapEx$230.3M+36.9%

Free cash flow-$46.5M-330%

Valuation

See full

Market cap$14.6B-2.3%

Enterprise value$14.15B-4.9%

P/E10.2×-32.7×

P/S6.3×-0.3×

Profitability

See full

Gross margin86.5%-4.4pp

Net margin62%+46.6pp

Returns & leverage

See full

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 us-gaap:Goodwill.

The official record: Sun Communities’s 10-Q, filed October 26, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sun Communities's marina sale segment — goodwill?: Sun Communities (SUI) reported marina sale segment — goodwill of $461.61M in Q3 2021.
What does marina sale segment — goodwill mean?: The premium paid for past acquisitions within the marina segment.
How do you interpret marina sale segment — goodwill?: Changes typically reflect new acquisitions or impairment charges due to underperformance of acquired assets.
How does marina sale segment — goodwill compare across companies?: Standard accounting metric for M&A-heavy REITs.