SUI Q1 2023 Earnings — Sun Communities, Inc. Revenue & Financial Results | Market Cap Arena

SUISun Communities, Inc.

$17B

Q1 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$640M+18.1% YoY

Gross Profit

$290M45.3% margin

Operating Income

$70M11.0% margin

Net Income

-$45M-7.0% margin

EPS (Diluted)

$-0.26

QoQ Revenue Growth

-3.7%

Cash Flow

Operating Cash Flow

$206M

Free Cash Flow

$206M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$17.4B

Total Liabilities

$9.6B

Stockholders' Equity

$7.7B

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$640M	$542M	+18.1%
Gross Profit	$290M	$270M	+7.5%
Operating Income	$70M	$66M	+7.2%
Net Income	-$45M	$700,000	-6514.3%

Revenue Segments

MH

$353M54%

Marinas

$181M28%

RV

$117M18%