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Sun Communities SUI MH — Payroll - real property

Discontinued — last reported Q4 '26

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PEA
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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×

Where this comes from

Reported directly by Sun Communities in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The official record: Sun Communities’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sun Communities's MH — payroll - real property?
Sun Communities (SUI) reported MH — payroll - real property of $15.5M in Q1 2026.
How has Sun Communities's MH — payroll - real property changed year-over-year?
Sun Communities's MH — payroll - real property increased by 10.7% year-over-year, from $14M to $15.5M.
What is the long-term trend for Sun Communities's MH — payroll - real property?
Over 2 years (2023 to 2026), Sun Communities's MH — payroll - real property has grown at a 3.2% compound annual growth rate (CAGR), from $55M to $58.6M.
What does MH — payroll - real property mean?
Total labor costs for managing and maintaining manufactured housing properties.
How do you interpret MH — payroll - real property?
Rising costs relative to revenue may indicate operational inefficiencies or wage inflation, while stable or declining costs suggest effective labor management.
How does MH — payroll - real property compare across companies?
Standard 'Property-level Payroll' expense found in most property management segments.