SUI Q2 2023 Earnings — Sun Communities, Inc. Revenue & Financial Results | Market Cap Arena

SUISun Communities, Inc.

$17B

Q2 2023 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$849M+5.3% YoY

Gross Profit

$388M45.7% margin

Operating Income

$162M19.0% margin

Net Income

-$208M-24.4% margin

EPS (Diluted)

$0.72

QoQ Revenue Growth

+32.8%

Cash Flow

Operating Cash Flow

$257M

Free Cash Flow

$257M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$17.6B

Total Liabilities

$9.8B

Stockholders' Equity

$7.7B

Cash & Equivalents

$69M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$849M	$807M	+5.3%
Gross Profit	$388M	$383M	+1.3%
Operating Income	$162M	$171M	-5.5%
Net Income	-$208M	$74M	-380.5%

Revenue Segments

Ancillary Revenues

$191M93%

Interest

$14M7%