# SUN COMMUNITIES, INC (SUI) · Edgar & Edgarette company card

> Sun Communities (SUI) grew revenue 2.0% in FY2025 to $2.3 billion, equity 55.5% of assets, and dividend per share up 9 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 912593 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SUI) · [JSON](https://www.pops4.com/boards/company/SUI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $2.3B |
| Revenue growth, 1 year | 2.0% |
| Revenue growth per year | 0.4% |
| Operating margin | — |
| Net margin | 62.0% |
| Operating cash flow | $864M |
| Capital spending | $457M |
| Free cash flow | $407M |
| Cash | $570M |
| Long-term debt | — |
| Total assets | $12.5B |
| Total equity | $7.0B |
| Equity ÷ assets | 55.5% |
| Return on equity | 20.6% |
| Dividend per share | $7.96 |
| Dividend years rising | 9 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (5 of 6 tested)
- Health Harbor boat: Weathered boat · two warning signs · filed auditor change, material impairment in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $2.3B (FY2025). Experience: revenue up 2.0% on the year, up 0.4% a year over 4 years. Soundness: equity 55.5% of assets, return on equity 20.6%, dividend per share up 9 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.7B and $2.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.4B to $3.4B. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth 2.0% against 3.7%.

Range logged 2026-09-24, receipt 2985139c086c6e8a, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-03-27 ([filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000129/0000912593-26-000129-index.htm))
- Item 2.06 Material impairment: 1, latest 2026-05-21 ([filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000174/0000912593-26-000174-index.htm))
- Item 5.02 Director or officer change: 5, latest 2026-08-27 ([filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000243/0000912593-26-000243-index.htm))

## Recent filings

- 10-Q · filed 2026-10-27 · [filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000276/0000912593-26-000276-index.htm)
- 8-K · filed 2026-10-26 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000272/0000912593-26-000272-index.htm)
- 8-K · filed 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000262/0000912593-26-000262-index.htm)
- 8-K · filed 2026-09-23 · 2.01 Completion of Acquisition or Disposition of Assets; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000256/0000912593-26-000256-index.htm)
- 8-K · filed 2026-09-09 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000254/0000912593-26-000254-index.htm)
- 8-K · filed 2026-08-27 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/912593/000091259326000243/0000912593-26-000243-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000912593.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=912593

## Cite

POPS4, Edgar & Edgarette: SUN COMMUNITIES, INC (SUI) company card, from the company's own SEC filings, accessed 2026-11-08, https://www.pops4.com/boards/company/SUI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.