Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $834M | $983M | $1.13B | $1.26B | $1.40B | $2.27B | $2.97B | $2.28B | $2.26B | $2.31B |
| Revenue growth | — | 17.8% | 14.7% | 12.2% | 10.6% | 62.5% | 30.7% | -23.1% | -1.0% | 2.0% |
| Operating income | $467M | $551M | — | — | — | — | — | — | — | — |
| Operating margin | 56.0% | 56.1% | — | — | — | — | — | — | — | — |
| Net income | $26.3M | $72.2M | $107M | $162M | $132M | $408M | $261M | -$207M | $104M | $1.41B |
| Net margin | 3.2% | 7.3% | 9.5% | 12.8% | 9.4% | 18.0% | 8.8% | -9.1% | 4.6% | 61.3% |
| EPS (diluted) | $0.26 | $0.85 | $1.29 | $1.80 | $1.34 | $3.36 | $2.00 | -$1.72 | $0.71 | $10.84 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $241M | $258M | $363M | $477M | $543M | $754M | $735M | $791M | $861M | $864M |
| Capital expenditures | — | — | — | — | — | — | — | $7.10M | $30.2M | $457M |
| Free cash flow | — | — | — | — | — | — | — | $783M | $831M | $407M |
| Share buybacks | — | — | — | — | — | — | — | $0.00 | $0.00 | $539M |
| Dividends paid | — | — | — | — | — | — | — | — | $120M | $123M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $8.16M | $10.1M | $50.3M | $22.1M | $77.3M | $65.8M | $72.8M | $29.2M | $47.9M | $570M |
| Total assets | $5.87B | $6.11B | $6.71B | $7.80B | $11.2B | $13.5B | $17.1B | $16.9B | $16.5B | $12.5B |
| Total liabilities | $3.44B | $3.41B | $3.48B | $3.85B | $5.31B | $6.47B | $8.99B | $9.51B | $9.10B | $5.19B |
| Long-term debt | $3.09B | $3.07B | $3.12B | $3.44M | $4.77M | $5.70M | $7.24B | $7.82B | $7.39B | — |
| Shareholders' equity | $2.30B | $2.60B | $3.11B | $3.82B | $5.53B | $6.62B | $7.81B | $7.08B | $7.08B | $6.96B |
| Shares (wtd avg diluted) | 66.3M | 76.7M | 82.0M | 88.9M | 97.5M | 115M | 123M | 124M | 127M | 125M |
Every figure is extracted from SUN COMMUNITIES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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