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Sun Communities SUI MH / RV — Asset Impairment Charges

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Other financials

Income statement

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Revenue$484.6M-22.3%
Gross profit$664.6M+28.6%
Net income-$1.0B-177%
EPS (diluted)-$8.08-181%

Balance sheet

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Cash & equivalents$165.2M-88.7%
Total debt$22.6M-51.5%
Total equity$5.5B-25.5%
Total assets$10.9B-18.7%

Cash flow

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Operating cash flow$535.2M+7.1%
CapEx$230.3M+36.9%
Free cash flow-$46.5M-330%

Valuation

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Market cap$14.67B-6.4%
Enterprise value$14.53B-9.0%
P/S6.8×+1.6×

Profitability

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Gross margin86.5%-4.4pp
Net margin-42.7%-97.1pp
FCF margin-6.1%-9.6pp

Returns & leverage

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Return on equity-14.3%-37.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Sun Communities in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfLongLivedAssetsHeldForUse.

The source filing: Sun Communities’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 3:23 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q3 2026
Accession
0000912593-26-000234
PeriodNumber of PropertiesSegmentAsset Impairment ChargesAggregate Estimated Fair Value
Three months ended June 30, 2026(1)2MH / RV$14.1$35.0
Three months ended June 30, 2025(1)3RV$32.2$86.4
Three months ended March 31, 2025(3)7MH / RV$20.5$93.4

Item 6. Exhibits [49](#i36fcae9f6528484c841552f612592e56_172)

FAQ

What is Sun Communities's MH / RV — asset impairment charges?
Sun Communities (SUI) reported MH / RV — asset impairment charges of $14.1M in Q2 2026.
What does MH / RV — asset impairment charges mean?
This metric quantifies the non-cash charges recognized when the carrying value of manufactured housing or recreational vehicle assets exceeds their estimated fair value. It reflects potential deterioration in asset performance, market demand, or physical condition within the portfolio. High or recurring impairment charges may signal operational challenges or an overvaluation of acquired properties.

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