Discontinued — last reported Q2 '25
Marinas — Operating expenses / Cost of sales
Sun Communities Marinas — Operating expenses / Cost of sales decreased by 4.2% to $167.40M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 3.6%, from $173.70M to $167.40M. Over 2 years (FY 2022 to FY 2024), Marinas — Operating expenses / Cost of sales shows an upward trend with a 32.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A lower ratio relative to revenue indicates improved operational efficiency, while an increase may signal rising maintenance costs or inflationary pressures.
Detailed definition
Captures the direct costs incurred to operate and maintain marina properties, including labor, utilities, maintenance, a...
Peer comparison
Similar to property operating expenses reported by other hospitality or recreational real estate operators.
sui_segment_marinas_operating_expenses_cost_of_salesHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $64.20M | $92.90M | $98.90M | $62.70M | $97.30M | $142.20M | $136.80M | $98.10M | $121.30M | $172.90M | $173.70M | $134.90M | $139.30M | $174.80M | $167.40M |
| QoQ Change | — | +44.7% | +6.5% | -36.6% | +55.2% | +46.1% | -3.8% | -28.3% | +23.6% | +42.5% | +0.5% | -22.3% | +3.3% | +25.5% | -4.2% |
| YoY Change | — | — | — | — | +51.6% | +53.1% | +38.3% | +56.5% | +24.7% | +21.6% | +27.0% | +37.5% | +14.8% | +1.1% | -3.6% |
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Frequently Asked Questions
- What is Sun Communities's marinas — operating expenses / cost of sales?
- Sun Communities (SUI) reported marinas — operating expenses / cost of sales of $167.40M in Q3 2024.
- How has Sun Communities's marinas — operating expenses / cost of sales changed year-over-year?
- Sun Communities's marinas — operating expenses / cost of sales decreased by 3.6% year-over-year, from $173.70M to $167.40M.
- What is the long-term trend for Sun Communities's marinas — operating expenses / cost of sales?
- Over 2 years (2022 to 2024), Sun Communities's marinas — operating expenses / cost of sales has grown at a 32.8% compound annual growth rate (CAGR), from $351.80M to $620.80M.
- What does marinas — operating expenses / cost of sales mean?
- The direct costs required to run and maintain the company's marina properties.