What is Sun Communities's mh — goodwill impairment?

Sun Communities (SUI) reported mh — goodwill impairment of $92.48M in Q1 2024.

What does mh — goodwill impairment mean?

A write-down of the value of intangible assets acquired in past business combinations.

Discontinued — last reported Q4 '24

MH — Goodwill impairment

Sun Communities MH — Goodwill impairment remained flat by 0.0% to $92.48M in Q1 2024 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ1 2024

Last reportedQ4 2024Feb 28, 2024

Rolls up toGoodwill impairment

How to read this metric

An increase signals that previous acquisitions are underperforming or that market conditions have worsened.

Detailed definition

The non-cash charge recognized when the carrying value of goodwill associated with the manufactured housing segment exce...

Peer comparison

Standard accounting impairment charge used by all public companies to reflect asset value adjustments.

Metric ID: sui_segment_mh_goodwill_impairment

Historical Data

1 years

	FY'24
Value	$369.9M

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Frequently Asked Questions

What is Sun Communities's mh — goodwill impairment?: Sun Communities (SUI) reported mh — goodwill impairment of $92.48M in Q1 2024.
What does mh — goodwill impairment mean?: A write-down of the value of intangible assets acquired in past business combinations.