Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1361.9%
Neutral628.6%
Bearish29.5%
Sun Communities, Inc. · SUI · FY2025 Q4 · Calendar Q1 2026
Sun Communities posts strong results while maintaining 2026 outlook
The supplied analysis supports a constructive but qualified view: strong occupancy, affordable-housing demand, RV conversion, and operating initiatives support continued growth, while UK expenses, transient RV volatility, and execution remain important counterweights.
Reported After market closeNYSEReal Estate
$13.80B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.99
Consensus $0.39
EPS surprise
+153.0%
Reported versus consensus
Reported revenue
$515.2M
Consensus $504.8M
Revenue surprise
+2.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+1.0%
Event window
SPY move
+0.8%
Same window
Abnormal move
+0.1%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-3.7%
Up to 20 sessions
SUISPY benchmark
Ask FN2 about SUI FY2025 Q4
Transcript, numbers and history already loaded
Why did SUI rise 1.0% after beating EPS estimates in FY2025 Q4?What changed in SUI's guidance and outlook in FY2025 Q4?Give me the bull and bear case for SUI after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, management's emphasis shifted toward executing the unified digital backbone, targeted infrastructure investment, and selective acquisitions. The current analysis describes 2025 results as above guidance and the 2026 outlook as maintained, while highlighting continued UK freehold conversion and RV annual-contract conversion.
Guidance delta
Management maintained its 2026 outlook; the supplied analysis does not indicate a new guidance change.
Key takeaways
- Core FFO per share was $1.40 for Q4 and $6.68 for full-year 2025, both slightly above the high end of guidance.
- Occupancy remained near 98%, while Q4 same-property NOI grew 7.9% year over year.
- Management emphasized affordable-housing demand, RV conversion, digital infrastructure, selective acquisitions, and disciplined capital allocation.
Management priorities
- Expand manufactured-housing operations and convert transient RV sites to annual contracts.
- Roll out a unified digital backbone to improve data access, decision-making, and resident and guest experience.
- Pursue selective MH and RV acquisitions while maintaining disciplined capital allocation.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$113.26Current
$117Low
$146.7Average
$263High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | Outperform | Outperform | Maintain | Oct 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 14, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 13, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 6, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 21, 2026 |
| Truist Securities | Buy | Buy | Maintain | Sep 11, 2026 |
| B of A Securities | Neutral | Underperform | Upgrade | Aug 27, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 12, 2026 |
| Baird | Neutral | Neutral | Maintain | Mar 6, 2026 |
| Citigroup | Buy | Buy | Maintain | Mar 2, 2026 |
| Deutsche Bank | Hold | Hold | Maintain | Jun 25, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | May 20, 2025 |
| Jefferies | Buy | Buy | Maintain | Jan 2, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 7, 2024 |
| Compass Point | Neutral | Neutral | Maintain | Mar 21, 2024 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 12, 2023 |
| Berenberg | Buy | Buy | Maintain | Oct 1, 2020 |
| Imperial Capital | Outperform | Outperform | Maintain | Oct 30, 2013 |
| Bank of America | Underperform | Underperform | Maintain | Feb 13, 2013 |
| Bank oferica | Underperform | Underperform | Maintain | Mar 16, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $113.26. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $136 | $118.08 | +20.1% | Oct 19, 2026 |
| UBS | Analyst unavailable | $117 | $111.84 | +3.3% | Oct 6, 2026 |
| Evercore ISI | Analyst unavailable | $136 | $114.45 | +20.1% | Sep 21, 2026 |
| UBS | Analyst unavailable | $136 | $113.75 | +20.1% | Sep 21, 2026 |
| Evercore ISI | Analyst unavailable | $138 | $114.48 | +21.8% | Sep 14, 2026 |
| Truist Financial | Analyst unavailable | $136 | $114.93 | +20.1% | Sep 11, 2026 |
| Morgan Stanley | Analyst unavailable | $126 | $118.67 | +11.2% | Aug 12, 2026 |
| Wells Fargo | Analyst unavailable | $141 | $120.44 | +24.5% | Aug 10, 2026 |
| RBC Capital | Brad Heffern | $148 | $124.4 | +30.7% | Jul 29, 2026 |
| Barclays | Analyst unavailable | $146 | $120.8 | +28.9% | Jul 14, 2026 |
| Odeon Capital Group LLC | Analyst unavailable | $135 | $119.24 | +19.2% | Jul 9, 2026 |
| Mizuho Securities | Analyst unavailable | $137 | $121.23 | +21.0% | Jun 30, 2026 |
| Truist Financial | Analyst unavailable | $138 | $119.77 | +21.8% | Jun 26, 2026 |
| RBC Capital | Analyst unavailable | $149 | $123.6 | +31.6% | Jun 5, 2026 |
| Colliers Securities | Analyst unavailable | $150 | $126.34 | +32.4% | May 22, 2026 |
| Barclays | Analyst unavailable | $147 | $126.29 | +29.8% | May 22, 2026 |
| Deutsche Bank | Analyst unavailable | $133 | $123.42 | +17.4% | May 14, 2026 |
| Truist Financial | Analyst unavailable | $141 | $124.77 | +24.5% | May 5, 2026 |
| Evercore ISI | Analyst unavailable | $144 | $127.56 | +27.1% | Apr 29, 2026 |
| RBC Capital | Brad Heffern | $151 | $128.3 | +33.3% | Apr 29, 2026 |
| Deutsche Bank | Peter Abramowitz | $138 | $128.63 | +21.8% | Apr 15, 2026 |
| Evercore ISI | Analyst unavailable | $143 | $135.44 | +26.3% | Mar 9, 2026 |
| Deutsche Bank | Analyst unavailable | $145 | $130.22 | +28.0% | Jan 20, 2026 |
| Barclays | Analyst unavailable | $144 | $123.82 | +27.1% | Jan 13, 2026 |
| UBS | Analyst unavailable | $127 | $122.76 | +12.1% | Jan 8, 2026 |
| Barclays | Analyst unavailable | $143 | $128.63 | +26.3% | Nov 25, 2025 |
| Robert W. Baird | Analyst unavailable | $136 | $125.52 | +20.1% | Nov 19, 2025 |
| Jefferies | Peter Abramowitz | $142 | $126.6 | +25.4% | Nov 3, 2025 |
| Evercore ISI | Steve Sakwa | $141 | $122.87 | +24.5% | Oct 31, 2025 |
| Morgan Stanley | Adam Kramer | $139 | $128.91 | +22.7% | Sep 4, 2025 |
| Morgan Stanley | Adam Kramer | $142 | $125.41 | +25.4% | Sep 4, 2025 |
| Morgan Stanley | Adam Kramer | $135 | $124.53 | +19.2% | Jul 15, 2025 |
| Deutsche Bank | Analyst unavailable | $135 | $127 | +19.2% | Jun 25, 2025 |
| Colliers Securities | Barry Oxford | $130 | $123.61 | +14.8% | Jun 13, 2025 |
| Truist Financial | Anthony Hau | $137 | $123.01 | +21.0% | Jun 3, 2025 |
| Jefferies | David Windley | $263 | $120.99 | +132.2% | May 29, 2025 |
| RBC Capital | Brad Heffern | $147 | $124.67 | +29.8% | May 7, 2025 |
| UBS | Michael Goldsmith | $134 | $125.89 | +18.3% | Nov 14, 2024 |
| Robert W. Baird | Wesley Golladay | $145 | $135.24 | +28.0% | Sep 3, 2024 |
| RBC Capital | Analyst unavailable | $217 | $183.53 | +91.6% | Apr 27, 2022 |
| JMP Securities | Analyst unavailable | $220 | $190.05 | +94.2% | Apr 20, 2022 |
Track every rating change on SUI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationSun Communities, Inc. became a publicly owned corporation in December 1993. The Company is a fully integrated REIT listed on the New York Stock Exchange under the symbol: SUI. As of June 30, 2026, the Company owned, operated, or had an interest in a portfolio of 455 developed MH and RV properties comprising approximately 156,130 developed sites in the U.S. and Canada. At that date, the Company also owned, operated, or held an interest in a portfolio of 54 U.K. properties comprising approximately 22,030 developed sites, which were classified within discontinued operations as of June 30, 2026. Sun Communities, Inc. was incorporated in 1975 in Maryland and is based in Southfield, Michigan.
Historical context
All SUI earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GLPI Gaming and Leisure Properties, Inc. | FY2026 Q3 · Calendar Q4 2026 | -11.5% | -1.3% | GLPI Keeps Guidance, Advances Development Despite Bally’s Risks |
| FRT Federal Realty Investment Trust | FY2026 Q3 · Calendar Q4 2026 | +3.9% | -1.1% | Federal Realty raises 2026 FFO outlook as leasing stays strong |
| WY Weyerhaeuser Company | FY2026 Q3 · Calendar Q4 2026 | +128.3% | +3.0% | Weyerhaeuser: Timberlands Strengthen as Growth Projects Advance |
| DLR-PL Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty raises guidance as AI demand lifts leasing and backlog |
| DLR-PK Digital Realty Trust, Inc. | FY2026 Q3 · Calendar Q4 2026 | -8.4% | — | Digital Realty Q3: Record Leasing and Higher FFO Guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the SUI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-01T00:30:44.080948+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T00:30:44.078104+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.