Sun Communities Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.31B | $2.26B | $2.28B | $2.97B | $2.27B | $1.40B | $1.26B |
| Cost of Revenue | — | — | — | — | $311.2M | $205.8M | $147.1M | $149.1M |
| Gross Profit | — | — | — | — | $2.66B | $2.07B | $1.25B | $1.11B |
| Gross Margin | — | — | — | — | 89.5% | 90.9% | 89.5% | 88.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $236.7M | $230.5M | $213.5M | $257.4M | $181.3M | $109.5M | $92.8M |
| Operating Income | — | $-36.4M | $227.4M | $271.3M | $308.4M | $443.5M | $264.7M | $273.0M |
| Operating Margin | — | -1.6% | 10.1% | 11.9% | 10.4% | 19.5% | 18.9% | 21.6% |
| Interest Expense | — | $221.0M | $350.3M | $325.7M | $229.8M | $158.6M | $129.1M | $133.2M |
| Pretax Income | — | $-257.4M | $-122.9M | $-54.4M | — | $284.9M | $135.6M | $139.9M |
| Income Tax Expense | — | $-49.2M | $-36.0M | $-9.2M | $6.1M | $1.3M | $-800.0K | $873.0K |
| Net Income | — | $1.41B | $103.6M | $-206.9M | $261.4M | $408.3M | $131.6M | $161.6M |
| Net Margin | — | 61.3% | 4.6% | -9.1% | 8.8% | 18.0% | 9.4% | 12.8% |
| EPS (Basic) | — | $10.84 | $0.71 | $-1.71 | $2.00 | $3.36 | $1.34 | $1.80 |
| EPS (Diluted) | — | $10.84 | $0.71 | $-1.72 | $2.00 | $3.36 | $1.34 | $1.80 |
| Shares Outstanding (Basic) | 123.2M | 124.9M | 124.5M | 123.4M | 120.2M | 112.6M | 97.5M | 88.5M |
| Shares Outstanding (Diluted) | 123.2M | 124.9M | 127.2M | 123.8M | 122.9M | 115.1M | 97.5M | 88.9M |
| Dividends Per Share | — | $7.96 | $3.75 | $3.67 | $3.47 | $3.28 | $3.12 | $2.96 |