
Sun Communities Balance Sheet 2025-2011 | SUI
Brief overview of Sun Communities's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
Assets fell from $13.5 billion to $12.5 billion. This may reflect either deliberate optimization or a reduction in business scale.
Liability growth of -19.8% trailed asset growth of -7.2%. The funding structure became more resilient.
Equity accounts for 55.5% of assets. Against the initial 49.1%, the capital position looks resilient.
The cash share moved from 0.5% to 4.5%. A higher figure generally provides more room in an adverse scenario.
Balance sheet takeaway
The indicators point to a strong balance sheet position for Sun Communities: funding is balanced and liability risks appear controlled.
Annual Balance Sheet Sun Communities
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | 7.16 B | 2.23 B | - | 3.51 B | 3.13 B | 3.07 B | 3.16 B | 2.28 B | 1.75 B | 1.67 B | 1.45 B | 1.39 B |
Long Term Debt |
- | - | - | 7.24 B | 2.29 B | - | 3.36 B | 3.05 B | 3.04 B | 3.06 B | 2.3 B | 1.83 B | 1.49 B | 1.45 B | 1.27 B |
Total Non Current Liabilities |
- | - | - | - | - | - | 3.68 B | 3.44 B | 3.35 B | 3.39 B | 2.53 B | 2 B | 1.6 B | 1.54 B | 1.34 B |
Total Liabilities |
5.19 B | 9.1 B | 9.51 B | 8.99 B | 6.47 B | 5.31 B | 3.88 B | 3.5 B | 3.41 B | 3.44 B | 2.57 B | 2 B | 1.6 B | 1.54 B | 1.47 B |
Retained Earnings |
- | - | - | - | - | - | -1.39 B | -1.29 B | -1.16 B | -1.02 B | -864 M | -864 M | -761 M | -684 M | -618 M |
Total Assets |
12.5 B | 16.5 B | 16.9 B | 17.1 B | 13.5 B | 11.2 B | 7.8 B | 6.71 B | 6.11 B | 5.87 B | 4.19 B | 2.94 B | 2 B | 1.75 B | 1.37 B |
Cash and Cash Equivalents |
570 M | 47.9 M | 36.3 M | 90.4 M | 65.8 M | 92.6 M | 22.1 M | 50.3 M | 10.1 M | 8.16 M | 45.1 M | 83.5 M | 4.75 M | 29.5 M | 5.86 M |
Book Value |
7.33 B | 7.45 B | 7.43 B | 8.09 B | 7.02 B | 5.89 B | 3.93 B | 3.21 B | 2.71 B | 2.43 B | 1.62 B | 940 M | 397 M | 213 M | -101 M |
Total Shareholders Equity |
6.96 B | 7.08 B | 7.17 B | 7.89 B | 6.62 B | 5.63 B | 3.82 B | 3.11 B | 2.6 B | 2.3 B | 1.46 B | 892 M | 381 M | 193 M | -127 M |
All numbers in USD currency
Quarterly Balance Sheet Sun Communities
| 2026-Q1 | 2025-Q4 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.79 B | 1.79 B | 1.79 B | 4.15 B | 4.09 B | 3.93 B | 4.35 B | 4.35 B | 4.24 B | 4.31 B | 4.24 B | 4.08 B | 3.98 B | 3.7 B | - | 2.71 B | 2.29 B | 218 M | 6.2 M | 6.5 M | 6.6 M | 155 M | 1.4 M | - | 3.44 M | - | - | - | 3.12 B | - | - | - | 3.07 B | - | - | - | 3.09 B | - | - | - | - | - | - | - | 2.3 B | - | - | - | 1.49 B | - | - | 1.36 B | 1.45 B | 1.27 B | 1.31 B | 1.29 B | 1.4 B | - | - | - |
Total Liabilities |
5.3 B | 5.19 B | 5.57 B | 9.24 B | 9.1 B | 9.25 B | 9.78 B | 9.83 B | 9.51 B | 9.46 B | 9.47 B | 9.29 B | 8.99 B | 8.35 B | - | 6.98 B | 6.47 B | 5.49 B | 5.1 B | 5.1 B | 5.31 B | 5.31 B | 5.31 B | 5.31 B | 3.85 B | 3.85 B | 3.85 B | 3.85 B | 3.48 B | 3.48 B | 3.48 B | 3.48 B | 3.41 B | 3.41 B | 3.41 B | 3.41 B | 3.44 B | 3.44 B | 3.44 B | 3.44 B | 2.56 B | 2.56 B | 2.56 B | 2.56 B | 2 B | 2 B | 2 B | 2 B | 1.61 B | 1.6 B | 1.6 B | 1.6 B | 1.54 B | 1.54 B | 1.54 B | 1.54 B | 1.47 B | 1.47 B | 1.47 B | 1.47 B |
Total Assets |
12.4 B | 12.5 B | 13.4 B | 16.5 B | 16.5 B | 17.1 B | 17 B | 17.1 B | 16.9 B | 17.6 B | 17.6 B | 17.4 B | 17.1 B | 16.5 B | - | 13.9 B | 13.5 B | 12.6 B | 12 B | 11.5 B | 11.2 B | 11.2 B | 11.2 B | 11.2 B | 7.8 B | 7.8 B | 7.8 B | 7.8 B | 6.71 B | 6.71 B | 6.71 B | 6.71 B | 6.11 B | 6.11 B | 6.11 B | 6.11 B | 5.87 B | 5.87 B | 5.87 B | 5.87 B | 4.18 B | 4.18 B | 4.18 B | 4.18 B | 2.94 B | 2.94 B | 2.94 B | 2.94 B | 1.99 B | 2 B | 2 B | 2 B | 1.75 B | 1.75 B | 1.75 B | 1.75 B | 1.37 B | 1.37 B | 1.37 B | 1.37 B |
Cash and Cash Equivalents |
497 M | 636 M | 890 M | 97.4 M | 47.9 M | 81.8 M | 97.2 M | 116 M | 42.7 M | 62 M | 68.7 M | 74.8 M | 90.4 M | 112 M | 185 M | 103 M | 78.2 M | 85.6 M | 120 M | 120 M | 77.3 M | 92.6 M | 92.6 M | 92.6 M | 22.1 M | 26.2 M | 28.7 M | 21.9 M | 50.3 M | 50.3 M | 50.3 M | 50.3 M | 10.1 M | 10.1 M | 10.1 M | 10.1 M | 8.16 M | 8.16 M | 8.16 M | 8.16 M | 45.1 M | 45.1 M | 45.1 M | 45.1 M | 83.5 M | 83.5 M | 83.5 M | 83.5 M | 4.75 M | 4.75 M | 4.75 M | 4.75 M | 29.5 M | 29.5 M | 29.5 M | 29.5 M | 5.86 M | 5.86 M | 5.86 M | 5.86 M |
Book Value |
7.06 B | 7.33 B | 7.79 B | 7.27 B | 7.45 B | 7.84 B | 7.23 B | 7.28 B | 7.43 B | 8.14 B | 8.09 B | 8.07 B | 8.09 B | 8.13 B | - | 6.93 B | 7.02 B | 7.09 B | 6.94 B | 6.35 B | 5.89 B | 5.89 B | 5.89 B | 5.89 B | 3.95 B | 3.95 B | 3.95 B | 3.95 B | 3.23 B | 3.23 B | 3.23 B | 3.23 B | 2.71 B | 2.71 B | 2.71 B | 2.71 B | 2.43 B | 2.43 B | 2.43 B | 2.43 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 940 M | 940 M | 940 M | 940 M | 384 M | 397 M | 397 M | 397 M | 213 M | 213 M | 213 M | 213 M | -101 M | -101 M | -101 M | -101 M |
Total Shareholders Equity |
6.75 B | 6.96 B | 7.41 B | 7.03 B | 7.08 B | 7.46 B | 6.97 B | 7.02 B | 7.08 B | 7.48 B | 7.47 B | 7.75 B | 7.81 B | 7.84 B | - | 6.54 B | 6.62 B | 6.7 B | 6.56 B | 5.99 B | 5.53 B | 5.53 B | 5.53 B | 5.53 B | 3.82 B | 3.82 B | 3.82 B | 3.82 B | 3.11 B | 3.11 B | 3.11 B | 3.11 B | 2.6 B | 2.6 B | 2.6 B | 2.6 B | 2.3 B | 2.3 B | 2.3 B | 2.3 B | 1.46 B | 1.46 B | 1.46 B | 1.46 B | 878 M | 878 M | 878 M | 878 M | 368 M | 381 M | 381 M | 381 M | 193 M | 193 M | 193 M | 193 M | -127 M | -127 M | -127 M | -127 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Sun Communities, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Reit residential
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
|
American Campus Communities
ACC
|
- | 0.01 % | $ 9.11 B | ||
|
Preferred Apartment Communities
APTS
|
- | 0.24 % | $ 1.61 B | ||
|
UDR
UDR
|
- | - | $ 13 B | ||
|
Bluerock Residential Growth REIT
BRG
|
- | -0.49 % | $ 813 M | ||
|
AvalonBay Communities
AVB
|
$ 188.58 | -0.52 % | $ 26.7 B | ||
|
Mid-America Apartment Communities
MAA
|
$ 133.81 | -0.05 % | $ 15.6 B | ||
|
BRT Apartments Corp.
BRT
|
$ 14.92 | -0.5 % | $ 269 M | ||
|
Equity LifeStyle Properties
ELS
|
$ 65.53 | -0.81 % | $ 12.2 B | ||
|
Apartment Investment and Management Company
AIV
|
$ 2.66 | 0.76 % | $ 368 M | ||
|
American Homes 4 Rent
AMH
|
$ 33.48 | 0.33 % | $ 12.4 B | ||
|
Invitation Homes
INVH
|
- | - | $ 18.2 B | ||
|
Equity Residential
EQR
|
$ 67.48 | -0.57 % | $ 25.6 B | ||
|
UMH Properties
UMH
|
$ 15.62 | 0.55 % | $ 1.31 B |