SUI Q1 2024 Earnings — Sun Communities, Inc. Revenue & Financial Results | Market Cap Arena

SUISun Communities, Inc.

$17B

Q1 2024 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$465M-27.4% YoY

Gross Profit

$245M52.7% margin

Operating Income

$62M13.4% margin

Net Income

-$24M-5.2% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

-35.6%

Cash Flow

Operating Cash Flow

$248M

Free Cash Flow

$248M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$17.1B

Total Liabilities

$10.1B

Stockholders' Equity

$6.9B

Cash & Equivalents

$133M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$465M	$640M	-27.4%
Gross Profit	$245M	$290M	-15.5%
Operating Income	$62M	$70M	-11.5%
Net Income	-$24M	-$45M	+46.1%

Revenue Segments

MH

$272M46%

Marinas

$202M34%

RV

$119M20%