Sun Communities, Inc
(NYSE:SUI)

Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.

Website: http://www.suncommunities.com

Founded: 1975

Full Time Employees: 3,146

Sector: Real Estate

Industry: REIT-Residential

REIT

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2005-06-30

revenues
real property	417,200,000	413,500,000	517,700,000	450,200,000	384,400,000	501,000,000	634,100,000	551,400,000	476,900,000	473,400,000	618,800,000	526,200,000	441,400,000	440,600,000	585,700,000	487,700,000	388,200,000	384,713,000	478,625,000	405,905,000	330,613,000
home sales	68,100,000	70,900,000	95,600,000	100,100,000	67,200,000	88,200,000	105,300,000	107,500,000	68,900,000	93,200,000	117,800,000	122,600,000	86,300,000	107,700,000	150,700,000	142,700,000	64,700,000	65,006,000	81,099,000	81,848,000	52,199,000
ancillary	13,300,000	18,600,000	60,800,000	42,100,000	12,500,000
interest	7,400,000	10,300,000	17,300,000	16,500,000	4,400,000	5,300,000	5,500,000	5,300,000	4,600,000	4,800,000	15,200,000	14,000,000	11,400,000	9,900,000	11,200,000	7,300,000	6,800,000	4,192,000	2,690,000	2,719,000	2,631,000								4,800,000	5,004,000	5,256,000	5,277,000	5,316,000	5,571,000	5,920,000	5,043,000	4,646,000	4,791,000	4,705,000	4,672,000	3,945,000	4,074,000	3,987,000	3,893,000	3,984,000	4,037,000	3,545,000	3,526,000	3,354,000	3,486,000	3,442,000	3,182,000	3,111,000	2,847,000	2,655,000	2,405,000	2,720,000	2,430,000	2,291,000	2,068,000	200,000	2,036,000	1,973,000	1,796,000	1,554,000	1,368,000	1,272,000	1,161,000	1,129,000	807,000	805,000	742,000	686,000	667,000	789,000	2,633,000	1,114,000
brokerage commissions and other	1,900,000	1,900,000	5,800,000	14,600,000	1,700,000	17,200,000	8,800,000	11,200,000	3,000,000	15,300,000	26,000,000	9,800,000	9,500,000	7,500,000	10,800,000	8,600,000	8,000,000	8,387,000	8,841,000	6,939,000	5,960,000
total revenues	507,900,000	515,200,000	697,200,000	623,500,000	470,200,000	745,900,000	939,900,000	864,000,000	671,300,000	726,700,000	983,200,000	863,500,000	651,200,000	674,300,000	932,600,000	814,300,000	548,500,000	542,433,000	684,294,000	603,863,000	442,015,000	384,265,000	400,514,000	303,266,000	310,302,000	301,819,000	362,443,000	312,445,000	287,330,000	273,945,000	323,538,000	271,426,000	257,916,000	242,026,000	268,245,000	237,899,000	234,400,000	218,634,000	249,701,000	190,799,000	174,644,000	168,238,000	185,355,000	165,938,000	152,654,000	119,672,000	125,435,000	115,387,000	111,181,000	104,958,000	107,201,000	100,151,000	90,985,000	83,124,000	82,379,000	83,128,000	76,486,000	74,723,000	68,262,000	69,592,000	58,834,000	64,045,000	66,313,000	67,417,000	63,392,000	63,272,000	65,284,000	63,186,000	61,433,000	65,474,000	64,954,000	61,204,000	56,462,000	57,468,000	60,822,000	176,765,000	50,129,000
yoy	8.02%	-30.93%	-25.82%	-27.84%	-29.96%	2.64%	-4.40%	0.06%	3.09%	7.77%	5.43%	6.04%	18.72%	24.31%	36.29%	34.85%	24.09%	41.16%	70.85%	99.12%	42.45%	27.32%	10.50%	-2.94%	7.99%	10.18%	12.02%	15.11%	11.40%	13.19%	20.61%	14.09%	10.03%	10.70%	7.43%	24.69%	34.22%	29.96%	34.72%	14.98%	14.41%	40.58%	47.77%	43.81%	37.30%	14.02%	17.01%	15.21%	22.20%	26.27%	30.13%	20.48%	18.96%	11.24%	20.68%	19.45%	30.00%	16.67%	2.94%	3.23%	-7.19%	1.22%	1.58%	6.70%	3.19%	-3.36%	0.51%	3.24%	8.80%	13.93%	6.79%	-65.38%	12.63%
qoq	-1.42%	-26.10%	11.82%	32.60%	-36.96%	-20.64%	8.78%	28.71%	-7.62%	-26.09%	13.86%	32.60%	-3.43%	-27.70%	14.53%	48.46%	1.12%	-20.73%	13.32%	36.62%	15.03%	-4.06%	32.07%	-2.27%	2.81%	-16.73%	16.00%	8.74%	4.89%	-15.33%	19.20%	5.24%	6.57%	-9.77%	12.76%	1.49%	7.21%	-12.44%	30.87%	9.25%	3.81%	-9.23%	11.70%	8.70%	27.56%	-4.59%	8.71%	3.78%	5.93%	-2.09%	7.04%	10.07%	9.46%	0.90%	-0.90%	8.68%	2.36%	9.47%	-1.91%	18.29%	-8.14%	-3.42%	-1.64%	6.35%	0.19%	-3.08%	3.32%	2.85%	-6.17%	0.80%	6.13%	8.40%	-1.75%	-5.51%	-65.59%	252.62%
expenses
property operating and maintenance	140,800,000	137,900,000	168,800,000	157,900,000	131,300,000	170,500,000	213,400,000	188,700,000	159,700,000	159,800,000	195,500,000	178,600,000	156,600,000	155,400,000	184,700,000	155,200,000	129,300,000	131,309,000	158,095,000	129,961,000	103,553,000	88,889,000	90,647,000	65,204,000	64,057,000	63,486,000	79,095,000	65,888,000	57,909,000	54,518,000	71,364,000	58,691,000	51,630,000	50,417,000	59,249,000	53,446,000	47,166,000	47,917,000	57,089,000	37,067,000	31,201,000	33,360,000	38,716,000	34,507,000	29,214,000	24,721,000	28,031,000	25,193,000	23,189,000	21,044,000	24,379,000	22,268,000	17,578,000	18,067,000	17,168,000	16,026,000	15,384,000	16,354,000	13,994,000	13,458,000	11,089,000	13,942,000	13,105,000	13,040,000	13,249,000	12,787,000	12,605,000	12,661,000	12,766,000	12,615,000	12,361,000	13,070,000	12,408,000	11,693,000	11,722,000	35,437,000	11,479,000
real estate tax	29,500,000	27,000,000	28,700,000	28,700,000	26,700,000	31,500,000	31,500,000	31,400,000	31,300,000	28,000,000	29,300,000	30,000,000	30,100,000	27,400,000	29,400,000	27,700,000	26,100,000	24,454,000	24,751,000	23,202,000	22,408,000
home costs and selling	56,200,000	63,300,000	71,100,000	76,800,000	52,600,000	70,100,000	74,300,000	76,800,000	51,900,000	70,500,000	80,500,000	81,200,000	63,200,000	76,000,000	96,400,000	92,900,000	45,900,000	48,850,000	56,567,000	58,763,000	41,590,000
general and administrative	69,500,000	62,700,000	55,800,000	61,200,000	57,000,000	76,700,000	74,800,000	65,300,000	78,500,000	77,800,000	66,200,000	62,300,000	63,900,000	69,800,000	69,100,000	62,200,000	55,700,000	54,604,000	43,276,000	45,127,000	38,203,000							23,697,000	21,887,000	20,006,000	20,127,000	21,442,000	19,931,000	18,523,000	18,267,000	19,989,000	17,932,000	17,177,000	16,575,000	16,543,000	13,792,000
catastrophic event-related charges	500,000	100,000	800,000	400,000	-100,000	16,700,000	900,000	2,300,000	7,200,000	6,000,000	-3,100,000	-100,000	1,000,000	5,200,000	12,200,000	100,000		-858,000	328,000	355,000	2,414,000
depreciation and amortization	132,500,000	130,600,000	126,200,000	127,400,000	123,700,000	170,200,000	172,400,000	172,800,000	165,300,000	177,700,000	162,600,000	164,100,000	158,000,000	154,800,000	151,300,000	150,200,000	148,500,000	144,677,000	127,091,000	126,423,000	123,304,000	117,423,000	88,499,000	87,265,000	83,689,000	98,826,000	76,532,000	76,153,000	76,556,000	81,070,000	71,982,000	67,773,000	66,437,000	71,817,000	64,232,000	62,721,000	62,766,000	62,205,000	61,483,000	49,670,000	48,412,000	47,530,000	44,695,000	41,411,000	44,001,000	44,875,000	29,917,000	30,045,000	28,889,000	29,962,000	28,790,000	26,064,000	26,647,000	22,092,000	21,067,000	19,868,000	20,645,000	18,748,000	18,121,000	16,557,000	15,566,000	16,468,000	16,404,000	16,573,000	15,841,000	15,915,000	16,204,000	16,471,000	16,167,000	16,355,000	16,005,000	16,034,000	15,512,000	15,582,000	15,350,000	46,839,000	13,461,000
asset impairments	300,000	30,700,000	165,900,000	166,100,000	24,000,000	38,900,000	200,000	11,600,000	20,700,000		1,200,000	6,500,000
total expenses	484,400,000	509,900,000	699,100,000	812,600,000	512,700,000	964,200,000	819,500,000	804,800,000	720,800,000	1,110,800,000	795,800,000	774,600,000	653,200,000	667,500,000	763,100,000	707,700,000	523,000,000	521,484,000	537,287,000	509,045,000	418,688,000	393,060,000	320,967,000	275,715,000	274,781,000	294,401,000	305,553,000	272,187,000	252,715,000	257,131,000	273,040,000	245,091,000	221,871,000	242,974,000	234,995,000	222,171,000	209,729,000	211,569,000	226,688,000	195,781,000	162,638,000	165,697,000	163,771,000	154,862,000	149,126,000	139,267,000	112,655,000	108,993,000	100,651,000	102,977,000	101,841,000	97,290,000	92,178,000	83,915,000	81,747,000	77,432,000	78,920,000	75,044,000	70,358,000	67,226,000	62,416,000	65,482,000	68,273,000	65,005,000	65,173,000	64,976,000	64,025,000	77,473,000	64,573,000	65,928,000	63,848,000	62,991,000	61,473,000	60,450,000	61,077,000	186,822,000	51,994,000
income before other items	23,500,000	-58,375,000	-1,900,000	-189,100,000		-218,300,000	120,400,000	59,200,000		-384,100,000	187,400,000	88,900,000	-2,000,000	6,800,000	169,500,000	106,600,000	25,500,000	20,949,000	147,007,000	94,818,000	23,327,000	-8,795,000	79,547,000	27,551,000	35,521,000	7,418,000	56,890,000	40,258,000	34,615,000	16,814,000	50,498,000	26,335,000	36,045,000	-948,000	33,250,000	15,728,000	24,671,000	7,065,000	23,013,000	-4,982,000
gain on foreign currency exchanges	-24,500,000	1,200,000	-22,600,000	39,400,000	8,700,000			-2,800,000	1,100,000	6,200,000	-6,500,000	2,700,000		-16,300,000	14,900,000	9,000,000
gain on dispositions of properties	200,000	8,800,000	-1,300,000	-1,300,000	-1,100,000	16,300,000	178,700,000	2,500,000	5,400,000	13,900,000	-700,000	-600,000	-1,600,000	-300,000	-800,000	-100,000	13,400,000		108,104,000
other income	-3,800,000	77,200,000	19,100,000	31,900,000	5,700,000	-2,400,000	-800,000	-1,600,000	8,000,000	-1,375,000	-3,700,000	-800,000		650,000	2,800,000	400,000										-372,250	-4,408,000	1,021,000	1,898,000	-3,239,000	1,231,000	-1,828,000	-2,617,000	3,642,000	3,345,000	875,000	752,000															74,000	87,000	95,000	175,000	260,000	707,000	246,000	25,000	-171,000			-366,000	272,000	-258,000	-60,000	157,000	-410,000	-816,000	2,829,000	871,000	-82,000	-432,000	-344,000	250,000	1,081,000	-48,000
gain on remeasurement of notes receivable	100,000	-400,000				-250,000	100,000			-103,600,000	-1,300,000	-100,000	-1,700,000	-900,000	-100,000		200,000	124,000	92,000	93,000				246,000
income from nonconsolidated affiliates	6,100,000	5,300,000	4,300,000	3,800,000	3,000,000	3,000,000	2,100,000	3,000,000	1,400,000	15,500,000	1,400,000	-700,000	-200,000	-900,000	2,000,000	900,000	900,000	1,065,000	962,000	794,000	1,171,000	392,000	1,204,000	92,000	52,000	560,000	77,000	393,000	344,000
gain on remeasurement of investment in nonconsolidated affiliates	200,000	200,000	400,000	-1,500,000		100,000	1,200,000	100,000	5,200,000	-1,125,000			-4,500,000	25,000	-400,000	400,000	100,000			-115,000				1,132,000
current tax expense	-1,700,000			-6,100,000	-1,900,000			-5,300,000	-2,100,000	-600,000	-4,600,000	-5,400,000	-3,900,000	2,200,000	-7,300,000	-3,900,000				-1,245,000				-119,000	-450,000	-189,000	-420,000	-272,000	-214,000				-174,000				-178,000
deferred tax benefit	-6,400,000	20,600,000	2,100,000	32,100,000	5,200,000	23,100,000	7,100,000	3,700,000	5,700,000	8,300,000	2,300,000	7,700,000	4,600,000	300,000	3,600,000	300,000		983,000	-1,155,000	-66,000	147,000	761,000	562,000	112,000	130,000	258,000	-349,000	96,000	217,000	73,000	199,000	-112,000	347,000	-163,000	81,000	364,000	300,000
net income from continuing operations	-6,300,000	119,600,000	-3,700,000	-92,200,000
loss from discontinued operations
net income	-6,300,000	130,600,000	10,900,000	1,330,300,000	-41,600,000	-231,000,000	305,200,000	58,400,000	-25,500,000	-454,100,000	180,400,000	97,500,000	-32,900,000	4,000,000	177,000,000	81,300,000	1,500,000	14,786,000	250,161,000	120,849,000	27,941,000	9,818,000	89,756,000	63,355,000	-15,478,000	30,685,000	64,451,000	45,116,000	37,127,000	10,672,000	51,715,000	24,170,000	33,601,000	10,342,000	28,958,000	16,974,000	25,545,000	1,501,000	23,230,000	-5,038,000	11,778,000	100,042,000	39,697,000	18,486,000	12,248,000	-12,017,000	26,742,000	7,610,000	10,861,000	2,633,000	5,970,000	3,274,000	-602,000	-275,000	2,479,000	6,393,000	-2,112,000	-21,000	-987,000	2,585,000	-4,348,000	-1,649,000	-2,847,000	1,461,000	-2,561,000	-2,527,000	981,000	-18,492,000	-5,493,000	-7,368,000	-3,095,000	-10,158,000	-4,368,000	-2,163,000	46,000	-24,218,000	-750,000
yoy	-84.86%	-156.54%	-96.43%	2177.91%	63.14%	-49.13%	69.18%	-40.10%	-22.49%	-11452.50%	1.92%	19.93%	-2293.33%	-72.95%	-29.25%	-32.73%	-94.63%	50.60%	178.71%	90.75%	-280.52%	-68.00%	39.26%	40.43%	-141.69%	187.53%	24.63%	86.66%	10.49%	3.19%	78.59%	42.39%	31.54%	589.01%	24.66%	-436.92%	116.89%	-98.50%	-41.48%	-127.25%	-3.84%	-932.50%	48.44%	142.92%	12.77%	-556.40%	347.94%	132.44%	-1904.15%	-1057.45%	140.82%	-48.79%	-71.50%	1209.52%	-351.17%	147.31%	-51.43%	-98.73%	-65.33%	76.93%	69.78%	-34.74%	-390.21%	-107.90%	-53.38%	-65.70%	-131.70%	82.04%	25.76%	240.64%	-6828.26%	-58.06%	482.40%
qoq	-104.82%	1098.17%	-99.18%	-3297.84%	-81.99%	-175.69%	422.60%	-329.02%	-94.38%	-351.72%	85.03%	-396.35%	-922.50%	-97.74%	117.71%	5320.00%	-89.86%	-94.09%	107.00%	332.51%	184.59%	-89.06%	41.67%	-509.32%	-150.44%	-52.39%	42.86%	21.52%	247.89%	-79.36%	113.96%	-28.07%	224.90%	-64.29%	70.60%	-33.55%	1601.87%	-93.54%	-561.10%	-142.77%	-88.23%	152.01%	114.74%	50.93%	-201.92%	-144.94%	251.41%	-29.93%	312.50%	-55.90%	82.35%	-643.85%	118.91%	-111.09%	-61.22%	-402.70%	9957.14%	-97.87%	-138.18%	-159.45%	163.67%	-42.08%	-294.87%	-157.05%	1.35%	-357.59%	-105.30%	236.65%	-25.45%	138.06%	-69.53%	132.55%	101.94%	-4802.17%	-100.19%	3129.07%
net income margin %	-1.24%	25.35%	1.56%	213.36%	-8.85%	-30.97%	32.47%	6.76%	-3.80%	-62.49%	18.35%	11.29%	-5.05%	0.59%	18.98%	9.98%	0.27%	2.73%	36.56%	20.01%	6.32%	2.56%	22.41%	20.89%	-4.99%	10.17%	17.78%	14.44%	12.92%	3.90%	15.98%	8.90%	13.03%	4.27%	10.80%	7.13%	10.90%	0.69%	9.30%	-2.64%	6.74%	59.46%	21.42%	11.14%	8.02%	-10.04%	21.32%	6.60%	9.77%	2.51%	5.57%	3.27%	-0.66%	-0.33%	3.01%	7.69%	-2.76%	-0.03%	-1.45%	3.71%	-7.39%	-2.57%	-4.29%	2.17%	-4.04%	-3.99%	1.50%	-29.27%	-8.94%	-11.25%	-4.76%	-16.60%	-7.74%	-3.76%	0.08%	-13.70%	-1.50%
less: preferred return to preferred op units / equity interests	2,700,000	3,100,000	3,200,000	3,200,000	3,100,000	3,200,000	3,200,000	3,200,000	3,200,000	3,300,000	3,300,000	3,300,000	2,400,000	2,400,000	2,500,000	3,100,000	3,000,000	3,095,000	3,101,000
less: loss attributable to noncontrolling interests	-300,000				-1,900,000				-1,300,000				-5,200,000
net loss attributable to sui common shareholders	-8,700,000				-42,800,000				-27,400,000
weighted-average common shares outstanding - basic	122,600,000	124,900,000	123,900,000	126,400,000	126,600,000	124,500,000	124,000,000	123,700,000	123,600,000	123,400,000	123,500,000	123,400,000	123,300,000	120,200,000	122,400,000	120,000,000	115,300,000	112,582,000	115,136,000	112,082,000	107,932,000	97,521,000	97,542,000	95,859,000	92,410,000	88,460,000	89,847,000
weighted-average common shares outstanding - diluted	125,500,000	124,900,000	124,100,000	126,400,000	129,800,000	127,200,000	124,000,000	123,700,000	126,600,000	123,800,000	123,500,000	123,400,000	126,200,000	122,900,000	122,800,000	120,000,000	115,900,000	115,144,000	118,072,000	112,082,000	108,161,000	97,522,000	97,549,000	96,165,000	92,935,000	88,915,000	90,332,000
basic loss per share from continuing operations	-0.07				-0.19
basic loss per share from discontinued operations
basic loss per share	-0.07				-0.34				-0.22
diluted loss per share from continuing operations	-0.07				-0.19
diluted loss per share from discontinued operations
diluted loss per share	-0.07				-0.34				-0.22
loss on extinguishment of debt			1,600,000	102,400,000			800,000		600,000						4,000,000	100,000	300,000	19,000		8,108,000				1,930,000	3,279,000	3,027,000	12,755,000	70,000	653,000		939,000	1,522,000	196,000
current tax benefit		-2,950,000	-3,800,000			-1,625,000	900,000										-1,300,000	-354,500	-402,000		229,000	-115,500	107,000							-153,000	-213,000	-225,000		-33,250	38,000	7,000
income from discontinued operations		11,000,000	14,600,000	1,422,500,000	-18,500,000																																																												177,000	-160,000	-172,000									173,250	693,000
less: income attributable to noncontrolling interests		5,600,000	-800,000	53,500,000		-9,800,000	13,300,000	3,100,000		-21,300,000	14,000,000	4,400,000		-3,100,000	11,900,000	4,200,000	-2,200,000	-1,139,000	15,290,000	7,044,000	295,000	96,000	6,907,000	2,861,000	-962,000
net income attributable to sui common shareholders		121,900,000	8,500,000	1,273,600,000		-224,400,000	288,700,000	52,100,000		-436,100,000	163,100,000	89,800,000	-30,100,000	4,700,000	162,600,000	74,000,000
basic earnings per share from continuing operations		0.87	-0.05	-1.23
basic earnings per share from discontinued operations		0.16	0.12	11.25	-0.15
basic earnings per share		1.03	0.07	10.02		-1.81	2.31	0.42		-3.5	1.31	0.72	-0.24	0.02	1.32	0.61	0.01	0.09	2	0.98	0.23	0.05	0.83	0.61	-0.17	0.31	0.63
diluted earnings per share from continuing operations		0.87	-0.05	-1.23
diluted earnings per share from discontinued operations		0.16	0.12	11.25	-0.15
diluted earnings per share		1.03	0.07	10.02		-1.8	2.31	0.42		-3.51	1.31	0.72	-0.24	0.03	1.32	0.61	0.01	0.09	2	0.98	0.23	0.05	0.83	0.61	-0.17	0.3	0.63
loss on remeasurement of notes receivable				-1,400,000	-200,000			-400,000	-700,000													-964,000	-445,000		-2,112,000
loss before other items					-42,500,000				-49,500,000
loss from continuing operations					-23,100,000																																																										-2,847,000
service, retail, dining and entertainment						134,200,000	186,200,000	188,600,000	117,900,000	140,000,000	205,400,000	190,900,000	102,600,000	108,600,000	174,200,000	168,000,000	80,800,000	80,135,000	113,039,000	106,452,000	50,612,000
business combinations							200,000	200,000				200,000	2,800,000	800,000	8,400,000	15,000,000	500,000
goodwill impairment
interest on mandatorily redeemable preferred op units / equity										600,000	800,000	900,000	1,000,000	1,100,000	1,000,000	1,100,000	1,000,000	1,047,000	1,047,000	1,041,000	1,036,000	1,047,000	1,047,000	1,042,000	1,041,000	1,207,000	1,216,000	1,181,000	1,094,000	1,143,000	1,142,000	790,000
gain on remeasurement of marketable securities										-8,000,000	6,100,000	5,800,000		20,600,000	-7,200,000	-32,300,000	-34,500,000	-9,770,000	12,072,000	27,494,000	3,661,000	-659,000	1,492,000	24,519,000	-28,647,000
loss on foreign currency exchanges						-1,550,000	-4,500,000						-2,700,000
loss on remeasurement of marketable securities													-19,900,000
other expense													-1,000,000				-600,000	-2,081,000	-9,372,000	-660,000	-1,099,000	-844,500	-2,524,000	-552,000	-302,000
loss on foreign currency translation																	-2,200,000
net income attributable to sun communities, inc. common shareholders																	700,000
business combination																		257,750		-201,000	1,232,000
gain on foreign currency translation																		3,364,000	-7,028,000	-264,000	25,000	-610,250	4,664,000	10,374,000	-17,479,000
loss on remeasurement of investment in nonconsolidated affiliates																		-30,000	-119,000			-103,000	-446,000		-2,191,000
net income attributable to sun communities, inc. common stockholders																		12,830,000	231,770,000	110,770,000	24,782,000	7,586,000	81,204,000	58,910,000	-16,086,000	28,547,000	57,002,000	40,385,000	34,331,000	9,039,000	46,060,000	20,408,000	29,986,000	7,438,000	24,115,000	12,364,000	21,104,000	-1,600,000	18,897,000	-7,803,000	7,875,000	89,399,000	28,763,000	12,294,000	6,869,000	-13,069,000	22,671,000	4,928,000	7,846,000	82,000	3,749,000	1,035,000	-1,432,000	-650,000	1,663,000	5,377,000	-2,223,000	-373,000	-890,000	2,400,000	-3,787,000	-1,403,000		1,337,000
less: preferred return to preferred op units / equity																				3,035,000	2,864,000	2,136,000	1,645,000	1,584,000	1,570,000	-1,418,000	-1,599,000	-1,718,000	-1,323,000	-1,151,000	-1,152,000	-1,103,000
income on remeasurement of notes receivable																					376,000
income on remeasurement of investment in nonconsolidated affiliates																					104,000
income from real property																						276,994,000	284,373,000	231,484,000	237,785,000	226,363,000	256,423,000	226,099,000	216,779,000	200,485,000	229,607,000	198,670,000	197,211,000	181,450,000	198,263,000	179,461,000	183,054,000	167,357,000	184,324,000	140,001,000	129,235,000	123,172,000	137,548,000	125,833,000	119,525,000	89,946,000	94,245,000	86,105,000	87,497,000	78,128,000	80,158,000	75,746,000	66,943,000	63,015,000	61,507,000	64,296,000	59,262,000	58,251,000	52,264,000	53,836,000	46,720,000	50,169,000	49,948,000	52,007,000	48,597,000	48,497,000	50,999,000	49,841,000	47,966,000	47,846,000	50,553,000	49,384,000	46,381,000	46,420,000	49,242,000
revenue from home sales																						48,920,000	47,662,000	38,530,000	40,587,000	45,271,000	49,805,000	47,242,000	39,618,000	43,783,000	46,131,000	41,217,000	34,900,000	36,089,000	33,197,000	30,859,000	27,263,000	28,520,000	31,211,000	26,039,000	24,737,000	25,169,000	18,991,000	18,734,000	16,834,000	15,105,000	13,913,000	14,813,000	10,123,000	14,652,000	14,145,000	13,199,000	13,634,000	10,461,000	11,439,000	9,613,000	7,756,000	8,115,000	8,146,000	8,235,000	7,762,000	7,324,000	9,598,000	8,037,000	8,433,000	8,218,000	7,461,000	7,273,000	7,933,000	8,768,000	7,503,000	5,058,000	5,492,000	6,205,000	6,150,000	15,864,000	4,380,000
rental home revenue																						16,035,000	16,171,000	14,968,000	15,472,000	14,745,000	14,444,000	14,412,000	13,971,000	13,700,000	13,589,000	13,348,000	13,020,000	12,775,000	12,757,000	12,678,000	12,339,000	12,084,000	12,031,000	11,957,000	11,708,000	11,756,000	11,856,000	11,495,000	11,129,000	10,249,000	9,829,000	9,733,000	9,402,000	8,717,000	8,445,000	7,977,000	7,075,000	6,712,000	6,511,000	6,291,000	5,883,000	5,650,000	5,427,000	5,330,000	5,197,000	5,135,000	5,052,000	5,079,000	5,062,000	5,187,000	5,200,000	5,215,000	5,186,000	5,136,000	4,996,000	5,949,000	4,331,000	4,432,000	4,128,000
ancillary revenue																						35,644,000	43,803,000	12,375,000	10,195,000	9,135,000	31,999,000	17,265,000	8,482,000
interest income																						2,510,000	2,624,000	2,635,000	2,350,000	3,368,000	4,770,000	4,919,000
brokerage commissions and other revenues																						4,162,000	5,881,000	3,274,000	3,913,000	2,937,000	5,002,000	2,508,000	3,680,000	3,073,000	1,347,000	883,000	901,000	716,000	1,091,000	1,008,000	879,000
real estate taxes																						20,265,000	17,442,000	17,723,000	17,176,000	15,425,000	15,399,000	15,726,000	15,330,000	14,110,000	14,533,000	14,076,000	13,836,000	12,966,000	13,053,000	13,126,000	13,143,000	12,184,000	12,384,000	10,153,000	9,585,000	8,683,000	8,520,000	8,796,000	8,715,000	6,089,000	6,004,000	6,079,000	6,009,000	5,138,000	5,602,000	5,788,000	4,466,000	4,933,000	4,936,000	4,872,000	4,830,000	4,504,000	4,098,000	4,115,000	4,361,000	3,813,000	4,183,000	4,180,000	3,848,000	4,118,000	4,184,000	3,799,000	3,844,000	4,170,000	4,169,000	3,997,000	4,174,000	4,097,000	4,098,000	12,060,000	3,800,000
cost of home sales																						36,434,000	36,237,000	29,181,000	30,032,000	34,327,000	36,318,000	34,435,000	29,277,000	32,138,000	33,692,000	30,932,000	26,571,000	27,115,000	25,094,000	22,022,000	20,883,000	21,617,000	21,935,000	18,684,000	18,184,000	19,296,000	13,386,000	13,702,000	12,557,000	11,084,000	10,524,000	11,100,000	7,848,000	10,937,000	10,161,000	9,383,000	10,383,000	7,791,000	8,971,000	7,773,000	6,143,000	6,357,000	6,401,000	6,491,000	4,686,000	5,320,000	7,233,000	6,244,000	6,046,000	5,844,000	5,423,000	5,393,000	6,073,000	6,981,000	5,839,000	4,017,000	4,408,000	4,832,000	4,924,000	12,117,000	3,583,000
rental home operating and maintenance																						6,058,000	5,949,000	4,685,000	5,494,000	6,108,000	6,008,000	5,091,000	4,788,000	6,522,000	6,139,000	5,268,000	5,170,000	5,179,000	6,775,000	4,944,000	5,102,000	6,657,000	6,350,000	5,411,000	5,876,000	6,841,000	7,031,000	5,479,000	5,605,000	6,574,000	6,232,000	5,213,000	5,251,000	6,183,000	5,504,000	4,485,000	5,051,000	5,118,000	4,148,000	3,824,000	4,516,000	4,253,000	3,754,000	3,673,000	4,910,000	4,164,000	3,594,000	3,623,000	3,864,000	4,022,000	4,537,000	4,107,000	4,135,000	3,965,000	3,466,000	4,870,000	3,096,000	3,035,000	2,829,000
ancillary expenses																						27,671,000	20,023,000	8,226,000	7,482,000	9,144,000	18,707,000	12,480,000	7,101,000	8,638,000	15,361,000	8,241,000	5,266,000	5,352,000	9,993,000	7,058,000	4,668,000	6,177,000	8,539,000	5,201,000	3,508,000	3,888,000	6,936,000	4,149,000
home selling expenses																						4,626,000	3,652,000	2,864,000	3,992,000	3,752,000	3,988,000	3,626,000	3,324,000	4,403,000	4,043,000	3,986,000	3,290,000	3,066,000	3,290,000	2,990,000	3,111,000	1,055,000	3,553,000	2,858,000	2,278,000
general and administrative expenses																						31,795,000	27,243,000	26,733,000	25,517,000	25,405,000	22,975,000
catastrophic weather-related charges																						831,000	14,000	-566,000	606,000
interest expense																						35,013,000	30,214,000	31,428,000	32,416,000	33,259,000	32,219,000	33,661,000
gain on disposition of property																							5,595,000
net income attributable to sun communities, inc.																						7,586,000	81,204,000	58,910,000	-16,086,000	28,547,000	57,430,000	40,813,000	34,763,000	9,470,000	46,492,000	20,840,000	30,427,000	8,367,000	26,070,000	14,463,000	23,283,000	598,000	21,094,000	-5,606,000	10,229,000	91,839,000	36,270,000	16,382,000	10,955,000	-11,478,000	24,185,000	6,442,000	9,360,000	1,596,000	5,263,000	2,549,000													-2,035,000	-2,259,000	877,000
less: preferred stock distribution																											-428,000	-428,000	-432,000	-431,000	-432,000	-432,000
catastrophic weather related charges																										435,000	341,000	179,000	782,000	2,079,000	173,000	53,000	-2,213,000	16,476,000	-7,756,000
remeasurement of marketable securities																										4,137,000	12,661,000	3,620,000	267,000
less: amounts attributable to noncontrolling interests																										-720,000	-5,422,000	-2,585,000	-1,041,000	-51,000	-4,071,000	-2,227,000	-2,094,000	-876,000	-1,776,000	-1,315,000	1,088,000	-310,000	879,000	-695,000	276,000	6,922,000	2,125,000	743,000	264,000	-1,341,000	1,851,000	458,000	784,000	303,000	-28,000	33,000	-781,000	-211,000	237,000	437,000				185,000	-561,000	-246,000	-398,000	124,000
weighted-average common shares outstanding
basic																												87,130,000	85,520,000	81,387,000	81,599,000	79,612,000	78,855,000	76,084,000	78,369,000	74,678,000	72,677,000	65,856,000	68,655,000	64,757,000	57,736,000	53,686,000	53,220,000	52,846,000	52,498,000	41,337,000	41,710,000	40,979,000	37,140,000	34,732,000	36,128,000	35,887,000	27,255,000	26,938,000	26,469,000	25,587,000	21,147,000	21,366,000	21,090,000	20,808,000	18,484,000	19,323,000	19,031,000	18,842,000	18,513,000	18,469,000	18,511,000	18,176,000	18,213,000	18,162,000	18,077,000	17,938,000	17,962,000	17,923,000	17,841,000	17,641,000	17,731,000
diluted																												87,564,000	86,033,000	82,040,000	82,081,000	80,116,000	79,464,000	76,711,000	78,808,000	75,154,000	73,120,000	66,321,000	69,069,000	64,757,000	58,126,000	53,702,000	53,665,000	53,237,000	52,892,000	41,805,000	41,722,000	40,993,000	37,154,000	34,747,000	36,143,000	35,907,000	27,272,000	26,938,000	26,485,000	25,605,000	21,147,000	21,366,000	21,090,000	22,902,000	18,484,000	19,323,000	19,031,000	20,984,000	18,513,000	18,469,000	20,698,000	18,176,000	18,213,000	18,162,000	18,077,000	17,938,000	17,962,000	17,923,000	17,985,000	17,641,000	17,731,000
earnings per share
basic																												0.46	0.4	0.1	0.56	0.25	0.38	0.09	0.31	0.16	0.29	-0.03	0.27	-0.12	0.14	1.63	0.53	0.23	0.13	-0.35	0.54	0.12	0.21		0.1	0.03	-0.06	-0.02	0.06	0.21	0.013	-0.02	-0.04	0.12
diluted																												0.46	0.4	0.1	0.56	0.25	0.38	0.09	0.31	0.16	0.29	-0.04	0.27	-0.12	0.14	1.62	0.54	0.23	0.13	-0.35	0.54	0.12	0.21		0.1	0.03	-0.06	-0.02	0.06	0.21	0.013	-0.02	-0.04	0.11
weighted-average common shares outstanding:
basic																												87,130,000	85,520,000	81,387,000	81,599,000	79,612,000	78,855,000	76,084,000	78,369,000	74,678,000	72,677,000	65,856,000	68,655,000	64,757,000	57,736,000	53,686,000	53,220,000	52,846,000	52,498,000	41,337,000	41,710,000	40,979,000	37,140,000	34,732,000	36,128,000	35,887,000	27,255,000	26,938,000	26,469,000	25,587,000	21,147,000	21,366,000	21,090,000	20,808,000	18,484,000	19,323,000	19,031,000	18,842,000	18,513,000	18,469,000	18,511,000	18,176,000	18,213,000	18,162,000	18,077,000	17,938,000	17,962,000	17,923,000	17,841,000	17,641,000	17,731,000
diluted																												87,564,000	86,033,000	82,040,000	82,081,000	80,116,000	79,464,000	76,711,000	78,808,000	75,154,000	73,120,000	66,321,000	69,069,000	64,757,000	58,126,000	53,702,000	53,665,000	53,237,000	52,892,000	41,805,000	41,722,000	40,993,000	37,154,000	34,747,000	36,143,000	35,907,000	27,272,000	26,938,000	26,485,000	25,605,000	21,147,000	21,366,000	21,090,000	22,902,000	18,484,000	19,323,000	19,031,000	20,984,000	18,513,000	18,469,000	20,698,000	18,176,000	18,213,000	18,162,000	18,077,000	17,938,000	17,962,000	17,923,000	17,985,000	17,641,000	17,731,000
ancillary revenues																														11,551,750	27,608,000	12,031,000	6,568,000	5,425,000	17,017,000	8,850,000	6,219,000	4,982,000	16,446,000	7,383,000	4,613,000	3,576,000	12,511,000	5,254,000	645,000	19,000	3,565,000	1,115,000	518,000	-225,000	932,000	-27,000	135,000	-6,000	92,000	263,000	158,000	31,000	109,000	294,000	18,000	35,000	108,000	226,000	4,000	62,000	195,000	106,000	35,000	88,000	226,000	153,000	4,000	88,000	263,000	-368,000	738,000
transaction costs																														334,000	24,000	57,000		2,811,000	2,167,000	2,437,000	2,386,000	4,023,000	4,191,000	20,979,000	2,721,000	4,653,000	1,664,000	2,037,000	9,449,000	13,996,000	2,399,000	1,104,000
interest on mandatorily redeemable preferred op units																																	619,000	753,000	790,000	787,000	784,000	789,000	789,000	787,000	787,000	790,000	790,000
less: preferred return to preferred op units																																	-1,080,000	-1,099,000	-1,112,000	-1,196,000	1,174,000	1,213,000	1,257,000	1,263,000	1,273,000															579,000	586,000	585,000	51,000
less: preferred stock distributions																																	-441,000	-929,000	-1,955,000	-2,099,000	2,179,000	2,198,000	2,197,000	2,197,000	2,354,000	2,440,000	3,179,000	4,088,000	4,086,000
extinguishment of debt																																		189,750		293,000	466,000							2,800,000
income from affiliate transactions																																							500,000
brokerage commissions and other income																																						534,250	984,000	747,000	406,000	491,000	462,000	729,000	537,000	316,000	338,000	95,000	287,000	200,000	79,000
costs and expenses
gain on disposition of properties																																										98,430,000	18,190,000	-13,000	8,769,000	3,138,000	13,631,000	885,000
provision for income taxes																																						-141,750	-283,000	-56,000	-228,000
less: preferred stock redemption costs																																											4,328,000
distributions from affiliate																																												7,500,000			400,000	400,000	400,000	700,000	700,000	450,000	650,000	600,000
income before other gains																																									12,006,000	2,541,000	21,584,000	11,076,000	3,528,000
general and administrative - real property																																										9,184,000	10,735,000	10,486,000	9,830,000	8,592,000	6,971,000	8,393,000	7,813,000	6,855,000	5,927,000	6,369,000	4,632,000	5,165,000	5,182,000	5,058,000	5,255,000	5,138,000	4,833,000	4,478,000	5,145,000	3,408,000	5,627,000	3,490,000	3,687,000	4,900,000	4,166,000	3,829,000	3,704,000	4,713,000	4,172,000	2,679,000	3,734,000	3,787,000	4,410,000
general and administrative - home sales and rentals																																										3,406,000	3,845,000	3,957,000	3,514,000	2,921,000	2,313,000	3,120,000	2,499,000	2,440,000	2,227,000	2,812,000	2,522,000	2,011,000	2,238,000	2,209,000	2,122,000	2,109,000	1,952,000	1,973,000	1,770,000	1,873,000	1,853,000	1,933,000	1,890,000	1,816,000	1,826,000	1,731,000	1,676,000	1,715,000	1,612,000	1,653,000	1,462,000	1,320,000	1,658,000
asset impairment charge																																															837,000
provision for state income taxes																																										71,000	-77,000	-77,000	-49,000	-51,750	-69,000	-69,000	-69,000														-129,000
less: preferred return to series a-1 preferred op units																																										587,000	591,000	622,000	631,000	657,000	661,000	664,000	672,000	689,000	690,000	646,000
less: preferred return to series a-3 preferred op units																																										45,000	45,000	46,000	45,000	45,000	45,000	46,000	45,000	45,000	45,000	46,000
less: preferred return to series a-4 preferred op units																																										308,000	326,000	353,000	353,000
less: preferred return to series c preferred op units																																										341,000	340,000	340,000
interest on mandatorily redeemable debt																																												787,000	852,000	793,000	808,000	806,000	803,000	808,000	809,000	812,000	822,000	825,000	833,000	841,000	844,000	834,000	829,000	826,000	885,000	826,000	819,000	817,000	839,000	835,000	835,000	847,000	847,000	844,000	844,000	896,000	896,000	892,000	917,000
earnings per share:
basic																												0.46	0.4	0.1	0.56	0.25	0.38	0.09	0.31	0.16	0.29	-0.03	0.27	-0.12	0.14	1.63	0.53	0.23	0.13	-0.35	0.54	0.12	0.21		0.1	0.03	-0.06	-0.02	0.06	0.21	0.013	-0.02	-0.04	0.12
diluted																												0.46	0.4	0.1	0.56	0.25	0.38	0.09	0.31	0.16	0.29	-0.04	0.27	-0.12	0.14	1.62	0.54	0.23	0.13	-0.35	0.54	0.12	0.21		0.1	0.03	-0.06	-0.02	0.06	0.21	0.013	-0.02	-0.04	0.11
income before gain on dispositions, income taxes and distributions from affiliate																																														7,426,000	12,780,000	6,394,000
less: series a preferred stock distributions																																														1,135,500	1,514,000	1,514,000	1,514,000	1,514,000	1,514,000	1,514,000
distributions per common share:																																														0.488	0.65	0.65	0.65
acquisition related costs																																																	760,000	1,159,000	619,000	1,108,000	2,862,000	847,000	423,000	164,000	450,000	121,000	1,151,000	249,000
income before income taxes and distributions from affiliate																																																	10,530,000	1,981,000	5,360,000	2,861,000
benefit from state income taxes																																																		-48,000	-90,000	-37,000	-59,000	-84,000		-53,000	-128,000	-150,000		-131,000	-9,000	-143,000		-132,000
dividends per common share:																																																		0.473	0.63	0.63	0.63	0.63	0.63	0.63
income before income taxes and distributions from affiliates																																																					1,384,250	-791,000	632,000	5,696,000
less: preferred return to a-1 preferred op units																																																					436,000	586,000	579,000
benefit for state income taxes																																																							-53,000				259,000								-133,000
distributions from affiliates																																																							1,900,000	750,000
income before income taxes and equity income from affiliates																																																									-2,434,000	-321,000	-2,096,000	2,366,000	-3,582,000	-1,437,000		2,412,000	-1,781,000	-1,704,000
equity income from affiliates																																																									412,500	450,000	850,000	350,000	-530,000	-69,000		-819,000	-854,000	-517,000
less: amounts attributable to common noncontrolling interests																																																									-49,000	-233,000
cash dividends per common share:																																																									0.473	0.63		0.63			0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63
less: amounts attributable to common noncontrolling interest																																																											-148,000
cash dividends per common share																																																											0.63
other loss																																																													-187,000	-654,000
georgia flood damage																																																																	800,000
income from continuing operations																																																													-4,121,000	-1,649,000		1,461,000	-2,738,000	-2,367,000	1,153,000									-23,814,000	-1,443,000
amounts attributable to sun communities, inc. common stockholders:
income from continuing operations, net of state income taxes																																																													-3,584,000	-1,403,000		1,337,000
income from discontinued operations, net of state income taxes
basic and diluted loss per share:																																																																				-0.22	-0.3
continuing operations																																																													-0.2	-0.07	-0.13	0.07	-0.12	-0.11	0.06									-1.36	-0.08
discontinued operations																																																																	0.01	-0.01	-0.01									0.01	0.04
basic and diluted loss per share																																																													-0.21	-0.07	-0.13		-0.11	-0.12
income before income taxes and equity loss from affiliates																																																															-1,960,000
equity loss from affiliates																																																															-758,000
net loss attributable to sun communities, inc. common stockholders																																																															-2,449,000
loss from continuing operations, net of state income taxes																																																															-2,449,000
loss from discontinued operations, net of state income taxes
basic and diluted earnings per share:
basic and diluted earnings per share																																																																0.07			0.05
benefit from state income tax																																																																	-103,000			-8,500	-141,000			268,000	500,000
less: income attributable to noncontrolling interest																																																																	-526,000
benefit for state income tax																																																																		-146,000
less: loss attributable to noncontrolling interest																																																																		-268,000
income before income taxes and net equity income from affiliates																																																																			1,259,000
income from affiliates																																																																			27,000	-2,462,000	-1,486,000
less: net income attributable to noncontrolling interest																																																																			104,000
basic and diluted income per share:
income before income taxes, minority interest, and income from affiliates																																																																				-14,287,000	-3,140,000
minority interest in operating partnership																																																																				-1,441,000	-726,000
income from affiliate																																																																						-7,720,000
income before income tax and minority interest																																																																						-8,174,000	-3,724,000
less: benefit for state income taxes																																																																						128,000	-235,000
income from operations																																																																						-8,302,000	-3,489,000	-11,455,000	-4,928,000	-2,441,000	52,000	-26,862,000	-1,643,000
yoy																																																																						240.11%	-6809.62%	-57.36%	199.94%
qoq																																																																						137.95%	-69.54%	132.45%	101.88%	-4794.23%	-100.19%	1534.94%
operating margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	-12.68%	-5.37%	-18.72%	-8.73%	-4.25%	0.09%	-15.20%	-3.28%
less: loss allocated to minority interest																																																																						-934,000
basic and diluted net income per share:																																																																						-0.41	-0.17
equity income from affiliate																																																																							-4,830,000	-9,400,000	583,000	541,000	307,000	-16,805,000	222,000
less: income allocated to minority interest																																																																							-394,000
less loss allocated to minority interest																																																																								-208,000	-560,000	-278,000
income before cumulative effect of change in accounting principle																																																																								-10,158,000	-4,368,000	-2,163,000	46,000
cumulative effect of change in accounting principle
less income allocated to minority interest																																																																											6,000
income from rental property																																																																												10,986,250	43,945,000
general and administrative — rental property																																																																												900,000	3,600,000
general and administrative — home sales																																																																												377,250	1,509,000
deferred financing costs related to extinguished debt
florida storm damage recovery																																																																												-13,750	-55,000
less income allocated to minority interest:
preferred op units
common op units																																																																												-3,048,000	-200,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2010-12-31	2010-06-30	2009-12-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2005-06-30

assets
land	3,489,200,000	3,503,200,000	3,388,100,000	3,443,900,000	3,471,800,000	4,511,000,000	4,646,200,000	4,555,000,000	4,551,700,000	4,278,200,000	3,996,400,000	4,039,500,000	3,974,100,000	4,322,300,000	4,173,100,000	3,766,700,000	2,708,000,000	2,556,284,000	2,457,236,000	2,412,629,000	2,190,762,000	2,119,364,000	1,441,372,000	1,433,272,000	1,418,985,000	1,414,279,000	1,311,103,000	1,286,952,000	1,279,306,000	1,201,945,000	1,187,502,000	1,131,956,000	1,114,609,000	1,107,838,000	1,079,708,000	1,066,792,000	1,052,384,000	1,027,976,000	1,072,964,000	458,349,000	456,380,000	451,340,000	457,279,000
land improvements and buildings	9,345,000,000	9,286,800,000	8,949,200,000	9,076,800,000	9,043,100,000	11,460,600,000	11,608,600,000	11,619,400,000	11,529,500,000	11,682,200,000	11,418,400,000	11,323,500,000	11,202,100,000	10,903,400,000	10,632,600,000	10,867,100,000	10,169,400,000	9,958,320,000	9,469,247,000	8,995,041,000	8,664,199,000	8,480,597,000	7,119,163,000	6,826,741,000	6,697,376,000	6,595,272,000	6,200,895,000	6,026,193,000	5,899,149,000	5,586,250,000	5,523,554,000	5,484,388,000	5,128,186,000	5,102,014,000	5,024,937,000	4,934,110,000	4,880,330,000	4,825,043,000	4,682,920,000	5,294,663,000	3,586,969,000	3,535,909,000	3,604,444,000
rental homes and improvements	967,200,000	940,200,000	897,800,000	864,900,000	827,500,000	834,100,000	782,200,000	769,200,000	755,900,000	744,400,000	725,600,000	694,100,000	672,800,000	645,200,000	604,400,000	580,600,000	583,100,000	591,733,000	591,367,000	622,397,000	652,559,000	637,603,000	649,004,000	652,177,000	640,709,000	627,175,000	614,002,000	599,150,000	585,994,000	571,661,000	559,290,000	551,840,000	538,672,000	528,074,000	516,618,000	507,362,000	496,432,000	489,633,000	485,340,000	477,875,000	469,217,000	460,480,000	478,764,000
furniture, fixtures and equipment	763,400,000	769,800,000	746,400,000	779,400,000	763,500,000	1,108,400,000	1,090,200,000	1,073,300,000	1,031,300,000	1,011,700,000	995,100,000	941,800,000	869,700,000	839,000,000	813,800,000	749,900,000	684,800,000	656,367,000	590,829,000	529,549,000	491,735,000	447,039,000	338,236,000	312,139,000	285,922,000	282,874,000	251,363,000	215,610,000	208,177,000	201,090,000	174,315,000	162,961,000	148,197,000	144,953,000	140,894,000	137,546,000	133,772,000	130,127,000	125,603,000	107,123,000	104,855,000
investment property	14,564,800,000	14,500,000,000	13,981,500,000	14,165,000,000	14,105,900,000	17,914,100,000	18,127,200,000	18,016,900,000	17,868,400,000	17,716,500,000	17,135,500,000	16,998,900,000	16,718,700,000	16,709,900,000	16,223,900,000	15,964,300,000	14,145,300,000	13,762,704,000	13,108,679,000	12,559,616,000	11,999,255,000	11,684,603,000	9,547,775,000	9,224,329,000	9,042,992,000	8,919,600,000	8,377,363,000	8,127,905,000	7,972,626,000	7,560,946,000	7,444,661,000	7,331,145,000	6,929,664,000	6,882,879,000	6,762,157,000	6,645,810,000	6,562,918,000	6,496,339,000	6,390,324,000	6,361,507,000	4,640,468,000	4,573,522,000	4,662,713,000	3,716,141,000	3,375,773,000	2,568,164,000	1,884,632,000	1,899,783,000	1,864,074,000	1,755,052,000	1,695,317,000	1,676,813,000	1,518,136,000	1,278,127,000	1,236,337,000	1,229,208,000	1,196,606,000	1,032,326,000	1,043,627,000	1,064,305,000	1,089,304,000	1,108,079,000	1,116,709,000	1,125,506,000	1,134,204,000	1,137,184,000	1,144,745,000	1,153,507,000	1,161,649,000
accumulated depreciation	-3,693,300,000	-3,598,300,000	-3,495,600,000	-3,431,900,000	-3,327,700,000	-3,741,000,000	-3,635,700,000	-3,552,200,000	-3,410,500,000	-3,272,900,000	-3,144,800,000	-3,011,400,000	-2,867,900,000	-2,738,900,000	-2,611,800,000	-2,554,300,000	-2,441,500,000	-2,337,247,000	-2,232,243,000	-2,165,564,000	-2,088,105,000	-1,968,812,000	-1,900,306,000	-1,826,810,000	-1,754,591,000	-1,686,980,000	-1,619,924,000	-1,560,061,000	-1,501,370,000	-1,442,630,000	-1,390,684,000	-1,337,567,000	-1,287,010,000	-1,237,525,000	-1,188,332,000	-1,128,671,000	-1,078,949,000	-1,026,858,000	-977,486,000	-928,882,000	-889,941,000	-852,407,000	-879,184,000
cash, cash equivalents and restricted cash	497,000,000	636,100,000	1,180,000,000	1,463,100,000	97,400,000	63,900,000	81,800,000	104,200,000	132,500,000	42,700,000	62,000,000	68,700,000	74,800,000	90,400,000	112,000,000	184,700,000	102,600,000	78,198,000	85,619,000	119,612,000	120,174,000	98,294,000	115,529,000	389,214,000	394,740,000	34,830,000
inventory of manufactured homes	132,800,000	142,900,000	155,100,000	172,000,000	172,400,000	129,800,000	174,800,000	182,300,000	191,000,000	205,600,000	219,800,000	236,600,000	232,500,000	202,700,000	153,500,000	108,100,000	63,300,000	51,055,000	43,708,000	43,686,000	43,242,000	46,643,000	48,130,000	58,744,000	64,436,000	62,061,000	55,234,000	55,869,000	52,993,000	49,199,000	41,030,000	38,298,000	36,311,000	30,430,000	25,741,000	25,582,000	23,867,000	21,632,000	24,147,000	29,044,000	16,636,000	14,828,000	15,263,000	10,246,000	13,878,000	8,860,000	5,480,000	6,226,000	6,541,000	5,810,000	4,005,000	9,091,000	7,527,000	5,672,000	4,396,000	5,750,000	5,832,000	2,309,000	2,457,000	3,934,000	13,058,000	10,037,000	9,252,000	10,259,000	12,082,000	13,230,000	8,330,000	8,830,000	12,082,000	21,480,000
notes and other receivables	333,100,000	332,100,000	468,400,000	345,700,000	373,700,000	484,000,000	494,400,000	417,400,000	469,100,000	421,600,000	832,200,000	733,300,000	716,700,000	617,300,000	511,000,000	509,000,000	513,600,000	469,594,000	256,924,000	262,333,000	249,009,000	221,650,000	191,508,000	180,391,000	186,692,000	157,926,000	174,934,000	164,303,000	179,814,000	160,077,000	167,698,000	176,755,000	193,851,000	163,496,000	145,760,000	110,499,000	98,468,000	81,179,000	87,856,000	76,466,000	54,124,000	47,972,000	49,201,000	188,036,000	216,119,000	174,857,000	168,341,000	164,430,000	162,306,000	164,685,000	170,584,000	160,755,000	139,067,000	128,178,000	121,908,000	112,932,000	114,884,000	88,807,000	82,713,000	74,030,000	57,497,000	51,074,000	46,173,000	40,572,000	36,846,000	39,191,000	34,344,000	29,906,000	41,407,000	43,562,000
collateralized receivables	41,600,000	43,200,000	45,400,000	46,600,000	49,300,000	51,200,000	52,800,000	54,300,000	56,500,000	56,200,000																	93,054,000	97,658,000	101,938,000	106,924,000	112,228,000	117,314,000	123,155,000	128,246,000	134,015,000	138,696,000	140,976,000	143,870,000	143,888,000	144,017,000	142,944,000	139,768,000	138,241,000
goodwill	9,500,000	9,500,000	9,500,000	9,500,000	9,500,000	551,200,000	742,600,000	731,700,000	731,400,000	733,000,000	1,084,100,000	1,104,200,000	1,092,600,000	1,018,400,000	981,500,000	954,000,000	512,700,000	495,353,000	461,609,000	448,317,000	438,842,000	428,833,000
other intangible assets	97,800,000	101,500,000	97,000,000	101,700,000	101,200,000	338,900,000	350,700,000	354,200,000	361,700,000	369,500,000	374,700,000	385,400,000	392,700,000	402,000,000	403,200,000	399,100,000	334,200,000	306,755,000	297,625,000	295,663,000	300,554,000	305,611,000
other assets	375,500,000	355,900,000	359,000,000	369,300,000	449,300,000	757,300,000	696,500,000	702,300,000	713,200,000	668,500,000	929,000,000	935,300,000	898,200,000	655,100,000	610,900,000	718,300,000	525,700,000	480,774,000	401,054,000	324,278,000	263,417,000	265,038,000	225,998,000	222,227,000	219,176,000	219,896,000	226,177,000	254,153,000	220,214,000	225,199,000	165,237,000	146,357,000	138,529,000	134,304,000	141,047,000	145,151,000	144,248,000	146,450,000	166,148,000	109,598,000	188,247,000	221,782,000	104,452,000	106,496,000	113,990,000	102,352,000	113,192,000	65,921,000	66,006,000	68,936,000	61,830,000	63,621,000	59,879,000	50,525,000	45,179,000	44,151,000	44,795,000	30,829,000	32,940,000	32,954,000	37,206,000	39,377,000	37,116,000	36,737,000	37,276,000	37,840,000	42,439,000	41,581,000	42,099,000	51,202,000
total assets	12,358,800,000	12,522,900,000	12,800,300,000	13,362,100,000	16,505,600,000	16,549,400,000	17,085,100,000	17,011,100,000	17,113,300,000	16,940,700,000	17,605,300,000	17,561,400,000	17,363,800,000	17,084,200,000	16,484,600,000	16,397,800,000	13,914,200,000	13,494,084,000	12,583,296,000	12,040,990,000	11,454,209,000	11,206,586,000	8,335,717,000	8,348,659,000	8,209,047,000	7,802,060,000	7,397,854,000	7,222,084,000	7,098,662,000	6,710,026,000	6,653,726,000	6,492,348,000	6,149,653,000	6,111,957,000	6,157,836,000	6,178,713,000	5,902,447,000	5,870,776,000	5,904,706,000	5,823,191,000	4,562,886,000	4,190,551,000	4,114,603,000	4,032,849,000	3,844,641,000	2,937,692,000	2,430,797,000	2,143,980,000	2,108,232,000	1,999,236,000	1,936,691,000	1,916,768,000	1,754,117,000	1,501,226,000	1,412,319,000	1,408,016,000	1,367,974,000	1,162,691,000	1,167,424,000	1,181,365,000	1,206,999,000	1,221,855,000	1,221,013,000	1,233,197,000	1,245,823,000	1,261,104,000	1,262,339,000	1,267,785,000	1,289,739,000	1,326,809,000
liabilities
mortgage loans payable	2,417,500,000	2,429,000,000	2,440,400,000	2,451,600,000	3,151,400,000	3,212,200,000	3,344,500,000	3,452,000,000	3,465,500,000	3,478,900,000											3,430,420,000	3,444,967,000	3,191,380,000	3,205,507,000	3,273,808,000	3,180,592,000	2,967,128,000	2,863,485,000	2,879,017,000	2,815,957,000	2,819,225,000	2,636,847,000	2,826,225,000	2,867,356,000	2,822,640,000	2,832,819,000	2,774,645,000	2,819,567,000	2,854,831,000	2,792,021,000	2,114,818,000	2,133,706,000	2,205,760,000
secured borrowings on collateralized receivables	41,600,000	43,200,000	45,400,000	46,600,000	49,300,000	51,200,000	52,800,000	54,300,000	56,100,000	55,800,000																	93,669,000	98,299,000	102,676,000	107,731,000	113,089,000	118,242,000	124,077,000	129,182,000	134,884,000	139,496,000	141,671,000	144,477,000	144,522,000	144,684,000	143,664,000	140,440,000	138,887,000
unsecured debt	1,787,100,000	1,786,500,000	1,785,900,000	1,785,300,000	4,147,400,000	4,089,400,000	3,927,500,000	4,346,500,000	4,350,400,000	4,242,600,000	4,305,500,000	4,241,000,000	4,075,600,000	3,979,400,000	3,705,000,000	3,595,200,000	2,709,900,000	2,291,095,000	1,286,001,000	853,441,000
distributions payable	140,900,000	131,100,000	131,400,000	133,800,000	122,600,000	122,600,000	122,300,000	119,700,000	119,700,000	118,200,000	118,200,000	118,000,000	118,000,000	111,300,000	111,200,000	109,300,000	104,500,000	98,372,000	98,453,000	98,429,000	95,076,000	86,988,000	79,600,000	79,549,000	75,636,000	71,704,000	69,726,000	69,719,000	66,887,000	63,249,000	63,250,000	59,364,000	58,663,000	55,225,000	56,520,000	56,283,000	52,762,000	51,896,000	51,100,000	47,992,000	45,351,000	41,265,000	38,819,000
advanced reservation deposits and rent	327,000,000	255,900,000	308,300,000	308,200,000	327,300,000	331,000,000	382,400,000	423,300,000	480,400,000	344,500,000	372,700,000	430,900,000	433,800,000	352,100,000	294,200,000	385,200,000	335,100,000	242,778,000	223,471,000	290,913,000	280,301,000	187,730,000	146,909,000	169,931,000	151,144,000	133,420,000	137,797,000	160,527,000	151,860,000	133,698,000	135,647,000	161,192,000
accrued expenses and accounts payable	256,900,000	228,100,000	282,000,000	262,100,000	231,400,000	310,100,000	390,900,000	406,300,000	370,400,000	313,700,000	380,200,000	353,600,000	340,900,000	396,300,000	392,800,000	361,000,000	228,000,000	237,529,000	232,590,000	214,200,000	160,072,000	148,435,000	140,848,000	124,324,000	110,512,000	127,289,000
other liabilities	328,100,000	320,600,000	444,600,000	545,800,000	830,600,000	980,300,000	1,025,300,000	979,500,000	987,500,000	953,100,000	928,900,000	958,300,000	940,100,000	935,900,000	845,400,000	779,900,000	236,600,000	224,084,000	244,518,000	184,846,000	148,128,000	134,650,000	83,952,000	80,733,000	82,341,000	81,289,000	242,119,000	204,167,000	179,461,000	157,862,000	163,459,000	151,984,000	282,993,000	270,741,000	291,074,000	298,759,000	284,823,000	279,667,000	275,650,000	257,423,000	184,102,000	184,859,000	190,284,000	235,508,000	214,712,000	165,453,000	123,351,000	126,598,000	117,618,000	109,342,000	108,782,000	105,873,000	87,626,000	76,749,000	71,673,000	69,085,000	71,404,000	36,936,000	39,081,000	38,766,000	37,310,000	37,186,000	37,336,000	33,031,000	32,102,000	33,069,000	33,475,000	30,098,000	31,301,000	30,504,000
total liabilities	5,299,100,000	5,194,400,000	5,438,000,000	5,570,000,000	9,235,400,000	9,096,800,000	9,245,700,000	9,781,600,000	9,830,000,000	9,506,800,000	9,465,000,000	9,474,800,000	9,294,800,000	8,992,800,000	8,354,600,000	8,566,300,000	6,980,700,000	6,474,597,000	5,488,469,000	5,099,563,000	5,101,512,000	5,314,879,000	3,791,922,000	3,845,308,000	4,346,127,000	3,848,104,000	3,720,983,000	3,542,188,000	3,846,325,000	3,479,112,000	3,367,285,000	3,736,621,000	3,471,096,000	3,405,204,000	3,351,021,000	3,373,695,000	3,478,132,000	3,441,605,000	3,429,743,000	3,645,744,000	2,591,903,000	2,571,173,000	2,786,653,000	2,617,071,000	2,463,319,000	1,997,540,000	1,517,292,000	1,572,376,000	1,542,452,000	1,602,162,000	1,516,995,000	1,477,648,000	1,541,127,000	1,348,409,000	1,382,460,000	1,362,640,000	1,468,629,000	1,295,075,000	1,290,398,000	1,292,673,000	1,266,881,000	1,250,092,000		1,224,666,000	1,219,777,000	1,211,665,000	1,194,930,000	1,187,754,000	1,198,151,000	1,117,192,000
commitments and contingencies
temporary equity	196,800,000	255,700,000	256,200,000	257,900,000	244,300,000	259,800,000	263,300,000	259,700,000	259,700,000	260,900,000	304,500,000	298,100,000	298,900,000	202,900,000	206,800,000	293,300,000	283,900,000	288,882,000	292,394,000	285,603,000	261,059,000
shareholders' equity
common stock	1,200,000	1,200,000	1,200,000	1,300,000	1,300,000	1,300,000	1,300,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,160,000	1,160,000	1,159,000	1,118,000	1,076,000	983,000	983,000	933,000	932,000	907,000	907,000	865,000	864,000	864,000	809,000	799,000	797,000	793,000	790,000	737,000	732,000	730,000	686,000	646,000	584,000	545,000	538,000	535,000	486,000	480,000	411,000	404,000	361,000	361,000
additional paid-in capital	9,543,100,000	9,563,100,000	9,573,000,000	9,744,700,000	9,865,400,000	9,864,200,000	9,853,600,000	9,481,200,000	9,471,400,000	9,466,900,000	9,581,600,000	9,567,500,000	9,556,400,000	9,549,700,000	9,536,400,000	9,159,100,000	8,169,400,000	8,175,676,000	8,170,322,000	8,163,095,000	7,618,128,000	7,087,658,000	5,851,380,000	5,847,598,000	5,211,678,000	5,213,264,000	4,854,958,000	4,851,323,000	4,398,641,000	4,398,949,000	4,396,092,000	3,854,057,000	3,759,066,000	3,758,533,000	3,810,930,000	3,780,599,000	3,346,991,000	3,321,441,000	3,313,905,000	2,980,382,000	2,706,657,000	2,319,314,000	2,079,139,000	2,038,229,000	2,031,042,000	1,754,759,000	1,709,337,000	1,359,315,000	1,329,678,000	1,141,590,000	1,140,625,000	1,203,373,000	940,202,000	857,809,000	714,052,000	713,854,000	555,981,000	495,331,000	478,810,000	463,811,000	459,847,000	459,598,000	459,430,000	458,809,000	458,487,000	458,099,000	457,268,000	455,302,000	452,882,000
accumulated other comprehensive income	11,800,000	26,500,000	25,900,000	44,200,000		-7,900,000	33,900,000	6,000,000	6,700,000	12,200,000	5,200,000	37,600,000	7,700,000	-9,900,000	-69,900,000	-28,300,000	25,900,000	3,053,000	1,752,000	5,197,000										-4,504,000	-390,000		-670,000	1,102,000	1,531,000					1,000																									-856,000	180,000
distributions in excess of accumulated earnings	-2,802,600,000	-2,634,700,000	-2,615,000,000	-2,380,300,000	-2,938,700,000	-2,775,900,000	-2,433,300,000	-2,604,100,000	-2,540,600,000	-2,397,500,000	-1,848,200,000	-1,898,200,000	-1,875,000,000	-1,731,200,000	-1,628,900,000	-1,684,700,000	-1,654,600,000	-1,555,994,000	-1,475,634,000	-1,614,243,000	-1,631,044,000	-1,566,636,000	-1,491,338,000	-1,496,542,000	-1,479,424,000	-1,393,141,000	-1,353,214,000	-1,343,792,000	-1,317,605,000	-1,288,486,000	-1,237,428,000	-1,223,394,000	-1,187,563,000	-1,162,001,000	-1,117,228,000	-1,089,428,000	-1,050,141,000	-1,023,415,000	-975,511,000	-947,988,000	-896,896,000	-864,122,000	-916,961,000	-911,628,000	-890,374,000	-863,545,000	-807,590,000	-799,805,000	-778,766,000	-761,112,000	-739,197,000	-720,950,000	-683,734,000	-663,579,000	-644,220,000	-629,230,000	-617,953,000	-549,625,000	-523,292,000	-498,370,000	-445,147,000	-415,078,000	-398,017,000	-379,069,000	-364,446,000	-342,818,000	-326,981,000	-313,379,000	-302,022,000	-203,635,000
total sui shareholders' equity	6,753,500,000	6,956,100,000	6,985,100,000	7,409,900,000	6,921,400,000	7,081,700,000	7,455,500,000	6,884,300,000	6,938,700,000	7,082,800,000	7,739,800,000	7,708,100,000	7,690,300,000	7,809,800,000	7,838,800,000	7,447,300,000
noncontrolling interests	109,400,000																																																									-12,481,000	-9,501,000	-6,469,000
total shareholders' equity	6,862,900,000	7,072,800,000	7,106,100,000	7,534,200,000	7,025,900,000	7,192,800,000	7,576,100,000	6,969,800,000	7,023,600,000	7,173,000,000	7,835,800,000	7,788,500,000	7,770,100,000	7,888,500,000	7,923,200,000	7,538,200,000	6,649,600,000
total liabilities, temporary equity and shareholders' equity	12,358,800,000	12,522,900,000	12,800,300,000	13,362,100,000	16,505,600,000	16,549,400,000	17,085,100,000	17,011,100,000	17,113,300,000	16,940,700,000	17,605,300,000	17,561,400,000	17,363,800,000	17,084,200,000	16,484,600,000	16,397,800,000	13,914,200,000
assets held for sale and discontinued operations				121,100,000	4,474,600,000
liabilities held for sale and discontinued operations				36,600,000	375,400,000
common and preferred op units		116,300,000	120,600,000	123,900,000	104,000,000	110,400,000	119,800,000	84,800,000	84,900,000	90,200,000	96,000,000	80,400,000	79,800,000	78,700,000	83,800,000	86,200,000	86,800,000	86,766,000	85,756,000	82,865,000	82,502,000	85,968,000	61,350,000	61,555,000	52,234,000	47,686,000	49,540,000	50,880,000	51,816,000	53,354,000	56,018,000	56,820,000	59,268,000	60,971,000	63,668,000	67,135,000	67,152,000	69,598,000	73,284,000	76,166,000	80,018,000	82,538,000	76,914,000	75,356,000	27,291,000	48,829,000
consolidated entities		400,000	400,000	400,000	500,000	700,000	800,000	700,000							600,000	4,700,000	20,900,000	19,944,000	19,077,000
total noncontrolling interests		116,700,000	121,000,000	124,300,000	104,500,000	111,100,000	120,600,000	85,500,000	84,900,000	90,200,000	96,000,000	80,400,000	79,800,000	78,700,000	84,400,000	90,900,000	107,700,000	106,710,000	104,833,000	100,616,000	99,403,000	102,052,000	72,447,000	71,805,000	61,608,000	56,228,000	57,394,000	58,089,000	58,014,000	60,499,000	63,562,000	62,694,000	64,019,000		67,509,000	70,539,000	63,956,000	66,616,000	70,548,000	73,839,000	78,048,000	80,771,000	75,578,000	74,371,000	26,639,000	48,413,000	11,521,000	11,926,000	14,707,000	16,567,000	18,327,000	20,419,000	20,468,000
accumulated other comprehensive loss					-6,600,000																4,033,000	3,178,000	-2,226,000	-4,475,000	-8,325,000	-1,331,000	-2,825,000	-1,184,000	-3,006,000							-981,000	-2,630,000	-3,181,000	-4,876,000								-277,000	-277,000	-277,000	-366,000	-454,000	-535,000	-696,000	-696,000	-735,000	-1,041,000	-1,273,000	-2,226,000	-2,538,000	-1,858,000	-2,851,000	-920,000	-924,000	-2,272,000
marketable securities											112,800,000	110,400,000	105,500,000	127,300,000	100,400,000	114,600,000	158,300,000	186,898,000	160,321,000	153,049,000	127,821,000					94,727,000	64,818,000	53,553,000	50,501,000
secured debt											3,359,500,000	3,373,000,000	3,386,400,000	3,217,800,000	3,006,000,000	3,335,700,000	3,366,600,000	3,380,739,000	3,403,436,000	3,457,734,000
total sun communities, inc. shareholders' equity																	6,541,900,000
stockholders' equity
total sun communities, inc. stockholders' equity																		6,623,895,000	6,697,600,000	6,555,208,000	5,992,235,000	5,525,276,000	4,358,799,000	4,347,564,000	3,724,862,000	3,819,724,000	3,499,826,000	3,507,254,000	3,078,895,000	3,106,823,000	3,159,138,000	2,629,288,000	2,571,632,000	2,598,431,000		2,691,014,000	2,294,991,000	2,295,611,000	2,334,282,000	2,033,115,000	1,810,441,000	1,455,810,000	1,162,757,000	1,127,173,000	1,141,237,000	891,739,000	901,984,000	559,678,000	551,073,000	380,507,000	401,369,000	418,701,000	192,522,000	130,249,000	5,780,000	20,266,000
total stockholders' equity																		6,730,605,000	6,802,433,000	6,655,824,000	6,091,638,000	5,627,328,000	4,431,246,000	4,419,369,000	3,786,470,000	3,875,952,000	3,557,220,000	3,565,343,000	3,136,909,000	3,167,322,000	3,222,700,000	2,691,982,000	2,635,651,000																													-28,237,000	-11,452,000	5,423,000		43,236,000	59,197,000
total liabilities, temporary equity and stockholders' equity																		13,494,084,000	12,583,296,000	12,040,990,000	11,454,209,000	11,206,586,000	8,335,717,000	8,348,659,000	8,209,047,000	7,802,060,000	7,397,854,000	7,222,084,000	7,098,662,000
consolidated vies																				17,751,000	16,901,000	16,084,000	11,097,000	10,250,000	9,374,000
preferred equity - sun ng rv resorts llc - mandatorily redeemable																					35,249,000	35,249,000	35,249,000	35,249,000	35,249,000	35,249,000	35,249,000	35,249,000	35,249,000	35,277,000	35,277,000	35,277,000
preferred op units - mandatorily redeemable																					34,663,000	34,663,000	34,663,000	34,663,000	34,663,000	34,663,000	34,663,000	34,663,000	34,663,000	37,338,000	37,338,000	37,338,000	37,338,000	41,443,000	45,903,000	45,903,000	45,903,000	45,903,000	45,903,000	45,903,000	45,903,000	45,903,000	45,903,000
lines of credit and other debt																					917,603,000	1,242,197,000	79,321,000
marketable securities;																						124,726,000	107,083,000	100,564,000	55,602,000
series d preferred op units																						49,600,000	50,034,000	50,171,000	50,387,000	50,913,000	51,248,000	51,462,000	51,738,000
series f preferred op units																						8,871,000	8,930,000	8,948,000
series g preferred op units																						25,074,000	26,072,000
series h preferred op units																						57,833,000
series i preferred op units																						94,532,000
other redeemable noncontrolling interests																						28,469,000
equity interests - ng sun llc and ng sun whitewater llc																							27,513,000	24,863,000
lines of credit																								115,352,000	582,774,000	183,898,000	140,632,000	76,079,000	396,512,000	128,000,000		536,377,000	141,800,000	41,257,000		435,000	178,328,000	100,095,000	57,737,000	357,721,000	58,065,000	25,000,000	167,000,000	37,742,000	144,000	5,794,000		38,461,000	16,441,000	181,383,000	54,765,000	18,286,000	29,781,000	2,988,000	24,631,000	5,984,000	129,034,000	94,527,000	85,581,000	94,465,000	90,419,000	71,876,000	75,498,000	92,567,000	85,703,000	76,016,000	56,136,000
equity interests - ng sun llc and ng whitewater																									26,063,000	27,091,000	27,461,000
series a-4 preferred stock, 0.01 par value. issued and outstanding:1,063 december 31, 2018
series a-4 preferred op units																											9,540,000	9,590,000	9,784,000	9,877,000	10,026,000	10,137,000	10,492,000	10,652,000	10,832,000	11,051,000	16,489,000	16,717,000	19,906,000	20,266,000	20,762,000	21,065,000	20,982,000	24,155,000	24,419,000
consolidated variable interest entities																										8,542,000	7,854,000	7,209,000	6,198,000	7,145,000	7,544,000	5,874,000	4,751,000	4,285,000	3,841,000	3,404,000	-3,196,000	-2,982,000	-2,736,000	-2,327,000	-1,970,000	-1,767,000	-1,336,000	-985,000	-652,000	-416,000	-114,000	-268,000	-389,000	-537,000	-920,000	-627,000	-508,000
cash and cash equivalents																											26,198,000	28,704,000	21,946,000	50,311,000	113,556,000	20,046,000	15,153,000	10,127,000	137,448,000	241,646,000	10,919,000	8,164,000	69,829,000	31,441,000	410,408,000	45,086,000	23,917,000	11,930,000	124,881,000	83,459,000	259,152,000	7,620,000	9,305,000	4,753,000	4,955,000	6,488,000	29,508,000	38,724,000	4,499,000	15,975,000	5,857,000	8,420,000	5,618,000	4,496,000	6,162,000	6,824,000	4,313,000	4,953,000	5,415,000	3,809,000	2,814,000	4,335,000	3,183,000	3,392,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,052 september 30, 2019 and 1,063 december 31, 2018																											31,402,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,052 shares at june 30, 2019 and 1,063 shares at december 31, 2018																												31,402,000
equity interests - ng sun llc																												22,099,000	22,167,000	21,976,000	21,976,000	21,869,000
series a-4 preferred stock, 0.01 par value. issued and outstanding:1,063 shares at march 31, 2019 and december 31, 2018																													31,739,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,063 shares at december 31, 2018 and 1,085 shares at december 31, 2017																														31,739,000
total liabilities and stockholders' equity																														6,710,026,000	6,653,726,000	6,492,348,000	6,149,653,000																													1,221,855,000	1,221,013,000	1,233,197,000		1,261,104,000	1,262,339,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,063 shares at september 30, 2018 and 1,085 shares at december 31, 2017																															31,739,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,063 shares at june 30, 2018 and 1,085 shares at december 31, 2017																																31,739,000
accumulated other comprehensive (loss) / income																																-2,184,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at march 31, 2018 and december 31, 2017																																	32,414,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at december 31, 2017 and 1,681 shares at december 31, 2016																																		32,414,000
stockholders’ equity
series a preferred stock, 0.01 par value. issued and outstanding: none at december 31, 2017 and 3,400 shares at december 31, 2016
noncontrolling interests:
total noncontrolling interest																																		65,256,000
total stockholders’ equity																																		2,663,687,000	2,763,569,000	2,761,553,000	2,358,947,000	2,362,227,000	2,404,830,000	2,106,954,000	1,888,489,000	1,536,581,000	1,238,335,000	1,201,544,000	1,167,876,000	940,152,000	913,505,000	571,604,000	565,780,000	397,074,000	419,696,000	439,120,000	212,990,000	152,817,000	29,859,000	45,376,000					-59,882,000				21,047,000			70,091,000	79,197,000	183,392,000
total liabilities and stockholders’ equity																																		6,111,957,000	6,157,836,000	6,178,713,000	5,902,447,000	5,870,776,000	5,904,706,000	5,823,191,000	4,562,886,000	4,190,551,000	4,114,603,000	4,032,849,000	3,844,641,000	2,937,692,000	2,430,797,000	2,143,980,000	2,108,232,000	1,999,236,000	1,936,691,000	1,916,768,000	1,754,117,000	1,501,226,000	1,412,319,000	1,408,016,000					1,206,999,000				1,245,823,000			1,267,785,000	1,289,739,000	1,326,809,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at september 30, 2017 and 1,681 shares at december 31, 2016																																			32,414,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at september 30, 2017 and december 31, 2016																																			34,000
total sun communities, inc. stockholders’ equity																																			2,696,060,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at june 30, 2017 and 1,681 shares at december 31, 2016																																				32,414,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at june 30, 2017 and december 31, 2016																																				34,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,637 shares at march 31, 2017 and 1,681 shares at december 31, 2016																																					48,879,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at march 31, 2017 and december 31, 2016																																					34,000
land held for future development																																						23,560,000	23,497,000	23,497,000	23,047,000	23,047,000	23,659,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,681 shares at december 31, 2016 and 2,067 shares at december 31, 2015																																						50,227,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at december 31, 2016 and december 31, 2015																																						34,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,682 shares at september 30, 2016 and 2,067 shares at december 31, 2015																																							50,227,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at september 30, 2016 and december 31, 2015																																							34,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,682 shares at june 30, 2016 and 2,067 shares at december 31, 2015																																								50,227,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at june 30, 2016 and december 31, 2015																																								34,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 2,067 shares at march 31, 2016 and december 31, 2015																																									61,732,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at march 31, 2016 and december 31, 2015																																									34,000
furniture, fixtures, and equipment																																										102,746,000	98,567,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 2,067 shares at december 31, 2015 and 483 shares at december 31, 2014																																										61,732,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at december 31, 2015 and december 31, 2014																																										34,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 2,298 shares at september 30, 2015 and 483 shares at december 31, 2014																																											68,633,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at september 30, 2015 and december 31, 2014																																											34,000
debt																																												2,343,821,000	2,248,463,000	1,826,293,000	1,393,941,000	1,407,317,000	1,408,393,000	1,311,437,000	1,353,448,000	1,353,489,000	1,423,720,000	1,268,672,000	1,286,156,000	1,287,571,000	1,268,191,000	1,163,612,000	1,165,736,000	1,159,442,000	1,139,152,000	1,141,030,000	1,118,907,000	1,099,068,000	1,101,972,000	1,102,580,000	1,105,319,000	1,109,056,000	1,080,450,000	1,062,788,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 6,365 shares at june 30, 2015 and 483 shares at december 31, 2014																																												190,079,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at june 30, 2015 and december 31, 2014																																												34,000
series a-4 preferred stock, 0.01 par value. issued and outstanding: 6,331 shares at march 31, 2015 and 483 shares at december 31, 2014																																													189,027,000
series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at march 31, 2015 and december 31, 2014																																													34,000
series a preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at december 31, 2014 and 2013																																														34,000
series a-4 preferred stock, 0.01 par value. authorized: 6,331 shares; issued and outstanding: 483 shares at december 31, 2014 and none at december 31, 2013																																														5,000
preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at september 30, 2014 and december 31, 2013																																															34,000
series a-1 preferred op units																																															43,670,000	43,840,000	44,991,000	45,548,000	45,548,000	45,548,000	45,548,000
series a-3 preferred op units																																															3,463,000	3,463,000	3,463,000	3,463,000	3,463,000	3,463,000
common op units																																															-35,498,000	-35,109,000	-33,358,000	-31,907,000	-29,764,000	-27,965,000	-24,572,000	-22,980,000	-21,469,000	-20,438,000	-19,594,000
preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at june 30, 2014 and december 31, 2013																																																34,000
preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at march 31, 2014 and december 31, 2013																																																	34,000
preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at december 31, 2013 and december 31, 2012																																																		34,000
preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at september 30, 2013 and december 31, 2012																																																			34,000
preferred stock, 0.01 par value...																																																				34,000	34,000
common stock, 0.01 par value...																																																				379,000	316,000	315,000	283,000	283,000	236,000	217,000	212,000	206,000	203,000	202,000	202,000
treasury stock																																																				-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-63,600,000	-50,661,000
a-1 preferred op units																																																						45,548,000	45,548,000
preferred op units																																																								45,548,000	45,548,000
stockholders’ deficit
total sun communities, inc. stockholders' deficit																																																									-126,609,000	-119,903,000	-113,473,000	-104,839,000
total stockholders’ deficit																																																									-100,655,000	-132,384,000	-122,974,000	-111,308,000
total liabilities and stockholders’ deficit																																																									1,367,974,000	1,162,691,000	1,167,424,000	1,181,365,000
revenues
income from real property																																																									223,613,000	204,498,000		198,844,000
revenue from home sales																																																									32,252,000	31,945,000		32,721,000
rental home revenue																																																									22,290,000	20,480,000		20,463,000
ancillary revenues																																																									592,000	505,000		387,000
interest																																																									9,509,000	8,053,000		6,005,000
other income																																																									929,000	-2,341,000		-1,811,000
total revenues																																																									289,185,000	263,140,000		256,609,000
costs and expenses
property operating and maintenance																																																									59,190,000	52,994,000		51,176,000
real estate taxes																																																									17,547,000	16,282,000		16,537,000
cost of home sales																																																									25,392,000	24,030,000		23,483,000
rental home operating and maintenance																																																									16,196,000	15,414,000		16,291,000
general and administrative - real property																																																									19,704,000	17,182,000		17,670,000
general and administrative - home sales and rentals																																																									8,156,000	7,628,000		7,429,000
georgia flood damage																																																												800,000
acquisition related costs																																																									1,971,000
depreciation and amortization																																																									74,193,000	66,038,000		65,011,000
asset impairment charge																																																									1,382,000
interest on mandatorily redeemable debt																																																									3,333,000	3,291,000		3,347,000
total expenses																																																									291,670,000	264,995,000		261,176,000
income before income taxes and equity income from affiliates																																																									-2,485,000	-1,855,000		-4,567,000
benefit from state income taxes																																																									-150,000	-512,000		-413,000
equity income and distributions from affiliates																																																									2,100,000
income from continuing operations																																																									-535,000	-3,513,000		-7,156,000
income from discontinued operations																																																												-227,000
net income																																																									-535,000	-3,513,000		-7,383,000
less: preferred return to preferred op units																																																									1,222,000
less: amounts attributable to noncontrolling interests																																																									-671,000	-630,000		-1,081,000
net income attributable to sun communities, inc. common stockholders																																																									-1,086,000	-2,883,000		-6,302,000
amounts attributable to sun communities, inc. common stockholders:
income from continuing operations, net of state income taxes																																																									-1,086,000	-2,883,000		-6,099,000
income from discontinued operations, net of state income taxes																																																												-203,000
weighted-average common shares outstanding:
basic																																																									21,147,000	19,168,000		18,484,000
diluted																																																									21,147,000	19,168,000		18,484,000
basic and diluted loss per share:
continuing operations																																																									-50	-150		-330
discontinued operations																																																												-10
basic and diluted loss per share																																																									-50	-150		-340
cash dividends declared per common share:																																																									3,150
investment in affiliates																																																											69,000	1,646,000	3,772,000	6,464,000
officer's notes																																																											-3,065,000	-5,028,000		-8,439,000	-8,543,000	-8,647,000		-8,826,000	-8,913,000
equity income from affiliates																																																										-1,146,000		-2,176,000
cash dividends per common share:																																																										2,520		2,520
assets of discontinued operations
liabilities of discontinued operations
loss attributable to sun communities, inc. common stockholders																																																												-6,302,000
minority interest																																																															724,000	3,108,000	4,999,000	6,203,000	8,212,000	9,940,000	12,391,000
officer’s notes																																																													-8,334,000				-8,740,000			-8,999,000	-9,083,000	-9,617,000
investment in affiliate																																																															7,450,000	15,170,000	20,000,000	29,850,000	29,667,000	29,626,000	29,319,000	47,965,000
total liabilites																																																															1,231,741,000
preferred stock, .01 par value...
common stock, .01 par value...																																																																202,000	202,000	201,000	201,000	201,000	200,000	196,000
accumulated comprehensive earnings																																																																			1,222,000	566,000	820,000	-1,035,000
line of credit																																																																				48,600,000	86,400,000	23,900,000
unearned compensation																																																																						-14,155,000
investment in rental property																																																																						1,159,208,000
short-term investments
minority interests																																																																						26,225,000
paid-in capital																																																																						462,299,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-06-30	2009-03-31

operating activities
net cash from operating activities - continuing operations	269,300,000	166,700,000	231,700,000	270,300,000	139,300,000
net cash from operating activities - discontinued operations		-200,000	-33,900,000	-14,300,000	104,600,000
net cash from operating activities	269,300,000	166,500,000	197,800,000	256,000,000	243,900,000	118,000,000	189,200,000	311,300,000	242,500,000	117,600,000	223,000,000	255,400,000	194,500,000	80,400,000	157,800,000	271,000,000	225,700,000	97,562,000	185,302,000	250,218,000	220,490,000	84,490,000	162,431,000	183,514,000	118,513,000	78,441,000	138,449,000	156,703,000	103,141,000	61,910,000	102,522,000	117,777,000	80,905,000	38,402,000	70,185,000	82,597,000	70,566,000	48,414,000	61,231,000	78,122,000	50,926,000	35,485,000	54,385,000	51,449,000	40,944,000	24,061,000	32,146,000	32,439,000	44,674,000	20,357,000	33,886,000	29,324,000	14,443,000	22,432,000	21,052,000	17,162,000	15,706,000	13,986,000	16,667,000	17,086,000	10,583,000	14,610,000	16,842,000	18,666,000	15,675,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	269,300,000	166,500,000	197,800,000	256,000,000	243,900,000	118,000,000	189,200,000	311,300,000	242,500,000	117,600,000	223,000,000	255,400,000	194,500,000	80,400,000	157,800,000	271,000,000	225,700,000	97,562,000	185,302,000	250,218,000	220,490,000	84,490,000	162,431,000	183,514,000	118,513,000	78,441,000	138,449,000	156,703,000	103,141,000	61,910,000	102,522,000	117,777,000	80,905,000	38,402,000	70,185,000	82,597,000	70,566,000	48,414,000	61,231,000	78,122,000	50,926,000	35,485,000	54,385,000	51,449,000	40,944,000	24,061,000	32,146,000	32,439,000	44,674,000	20,357,000	33,886,000	29,324,000	14,443,000	22,432,000	21,052,000	17,162,000	15,706,000	13,986,000	16,667,000	17,086,000	10,583,000	14,610,000	16,842,000	18,666,000	15,675,000
investing activities
investment in properties	-107,000,000	-133,000,000	-104,400,000	-113,600,000	-109,900,000	-163,100,000	-156,600,000	-172,600,000	-160,600,000	-212,700,000	-225,600,000	-262,900,000	-301,800,000	-264,400,000	-250,200,000	-223,700,000	-182,700,000	-196,035,000	-176,106,000	-148,451,000	-151,979,000	-136,547,000	-133,268,000	-135,949,000	-132,759,000	-157,169,000	-149,148,000	-148,140,000	-114,804,000	-132,382,000	-99,154,000	-89,339,000	-68,524,000	-85,304,000	-72,096,000	-69,706,000	-61,431,000	-63,506,000	-62,488,000	-49,215,000	-48,220,000	-59,772,000	-54,328,000	-53,988,000	-40,339,000	-46,264,000	-47,566,000	-47,079,000	-36,957,000	-38,732,000	-50,759,000	-34,744,000	-29,401,000	-31,964,000	-28,966,000	-25,995,000	-22,218,000	-24,307,000	-15,200,000	-16,608,000	-13,603,000	-11,907,000	-8,745,000	-12,216,000	-5,916,000
acquisitions, net of cash acquired	-39,000,000	-460,100,000	-600,000	0	-1,000,000	3,300,000	-21,800,000	-20,400,000	-29,900,000	-1,900,000	-2,700,000	-800,000	-47,900,000	-73,000,000
proceeds from disposition of assets and depreciated homes	1,400,000	3,200,000	3,400,000	5,600,000	4,700,000	20,100,000			2,000,000	10,200,000	17,900,000	18,700,000	15,500,000	19,800,000	26,500,000	29,000,000	24,700,000	32,997,000																			2,898,000
proceeds related to disposition of properties		19,600,000	17,900,000	40,700,000	83,700,000	39,700,000	324,400,000	6,000,000	51,700,000	3,200,000	6,500,000	0	200,000	0	14,700,000	28,700,000	100,000
repayments of notes and other receivables	800,000	47,900,000	1,100,000	700,000	36,900,000	300,000	300,000	400,000	7,200,000	700,000	3,600,000	1,500,000	3,300,000	8,700,000	1,300,000	1,200,000	1,300,000	1,234,000	1,251,000	1,633,000	1,207,000	9,460,000	994,000	865,000	854,000	1,293,000	942,000	1,277,000	1,030,000	1,432,000	1,402,000	799,000	679,000	851,000	821,000	626,000	317,000	12,386,000	306,000	298,000	248,000	551,000	508,000	385,000	320,000	326,000	640,000	4,842,000	272,000
other investing activities	3,600,000																																-2,708,000
net cash from investing activities - continuing operations	-140,200,000	-475,000,000	-83,100,000	-64,400,000	19,600,000
net cash from investing activities - discontinued operations		16,800,000	150,600,000	5,408,300,000	-47,000,000
net cash from investing activities	-140,200,000	-458,200,000	67,500,000	5,343,900,000	-27,400,000	-101,800,000	154,300,000	-192,800,000	-127,100,000	-101,700,000	-236,000,000	-259,900,000	-321,900,000	-321,800,000	-265,000,000	-1,991,600,000	-484,200,000	-975,097,000	-497,666,000	-579,508,000	-285,978,000	-1,820,809,000	-297,592,000	-198,786,000	-169,330,000	-211,206,000	-228,721,000	-178,047,000	-392,483,000	-188,640,000	-137,612,000	-338,973,000	-68,518,000	-133,957,000	-100,559,000	-95,463,000	-71,663,000	-73,613,000	-72,284,000	-1,423,365,000	-45,250,000	-9,979,000	-98,353,000	-92,682,000	-212,170,000	-302,083,000	-51,853,000	-58,101,000	-138,668,000	-82,103,000	-49,631,000	-223,877,000	-64,227,000	-35,375,000	-51,740,000	-48,036,000	-22,537,000	-74,522,000	-14,443,000	-13,043,000	-12,515,000	-11,449,000	-6,377,000	-10,969,000	-2,855,000
financing activities
issuance and costs of common stock, op units and preferred op units		1,300,000	-100,000	0	-100,000	100,000	361,600,000	-300,000	-300,000	-300,000	-100,000			-200,000	275,300,000	934,700,000	-200,000
common stock withheld to satisfy income tax obligations related to vesting of restricted stock	-6,900,000
repurchases of common stock	-60,100,000	-38,800,000	-297,500,000
redemptions of preferred op units	-54,200,000
borrowings on lines of credit		0	0	268,200,000	356,300,000	483,500,000	569,200,000	317,500,000	1,260,500,000	346,400,000	298,500,000	364,100,000	626,000,000	611,200,000	709,100,000	1,909,700,000	474,700,000	1,356,819,000	607,628,000	1,355,322,000	442,290,000	363,924,000	4,691,000	53,324,000	1,163,965,000	1,199,563,000	336,321,000	916,711,000	1,428,948,000	355,579,000	145,222,000	739,521,000	302,355,000	85,649,000	3,242,000	336,655,000	235,454,000	106,016,000	75,825,000	354,093,000	44,820,000	26,756,000	336,443,000	53,122,000	4,863,000	141,622,000	171,002,000	65,508,000	148,414,000	155,162,000	70,856,000	103,684,000	77,876,000	46,260,000	25,375,000	64,613,000	48,618,000	89,481,000	11,919,000	33,286,000	33,014,000	37,286,000	33,473,000	41,050,000	39,406,000
payments on lines of credit		0	0	-1,778,700,000	-327,800,000	-257,700,000	-1,065,200,000	-325,600,000	-1,637,800,000	-432,800,000	-156,300,000	-235,400,000	-951,100,000	-452,300,000	-479,700,000	-1,513,800,000	-58,200,000	-946,573,000	-212,625,000	-2,035,482,000	-766,260,000	-33,098,000	-41,978,000	-523,386,000	-763,076,000	-1,214,602,000	-271,768,000	-1,237,144,000	-1,160,436,000	-227,579,000	-682,068,000	-344,986,000	-201,853,000	-43,841,000	-3,676,000	-514,782,000	-157,237,000	-63,671,000	-375,825,000	-54,454,000	-11,459,000	-168,756,000	-207,186,000	-15,523,000	-10,513,000	-135,828,000	-209,463,000	-43,488,000	-313,356,000	-28,544,000	-34,377,000	-76,891,000	-99,519,000	-27,613,000	-148,425,000	-39,912,000	-32,610,000	-64,045,000	-43,557,000	-30,669,000	-26,685,000	-50,230,000	-29,413,000	-45,175,000	-41,378,000
payments on other debt	-12,100,000	-67,700,000	-96,400,000	-1,867,500,000	-61,700,000	-133,100,000	-107,600,000	-14,300,000	-14,200,000	-131,800,000	-14,200,000	-8,500,000	-19,800,000	-10,600,000	-343,300,000	-31,500,000	-15,400,000			-20,112,000	-14,799,000	-10,042,000	-18,690,000	-67,395,000	-134,203,000	-180,649,000	-148,660,000	-22,667,000	-200,892,000	-25,374,000	-43,536,000	-190,961,000	-38,883,000	-52,403,000	-13,164,000	-16,564,000	-42,296,000	-90,422,000	-72,822,000	-60,419,000	-8,249,000	-104,430,000	-7,156,000	-77,906,000	-36,185,000	-7,690,000	-79,401,000	-4,481,000	-3,697,000	-186,732,000	-4,305,000	-11,200,000	-47,283,000	-18,972,000	-11,549,000	-3,846,000	-4,263,000	-21,333,000	-107,888,000	-3,707,000	-3,500,000
distributions	-134,000,000	-134,500,000	-136,900,000	-647,500,000	-125,400,000	-124,700,000	-123,600,000	-123,000,000	-121,400,000	-121,200,000	-120,400,000	-121,200,000	-113,600,000	-113,500,000	-111,700,000	-107,600,000	-101,400,000	-101,702,000
net capital transfer from consolidated affiliates		10,900,000	110,900,000	5,389,000,000	46,400,000
net cash from financing activities - continuing operations	-267,300,000	-234,200,000	-432,700,000	1,158,100,000	-119,000,000
net cash from financing activities - discontinued operations		-18,100,000	-119,200,000	-5,402,600,000	-51,700,000
net cash from financing activities	-267,300,000	-252,300,000	-551,900,000	-4,244,500,000	-170,700,000	-32,700,000	-366,800,000	-146,700,000	-25,400,000	-36,000,000	6,900,000	-2,200,000	111,600,000	217,800,000	38,600,000	1,809,300,000	282,900,000	870,002,000	278,907,000	328,480,000	93,002,000	1,718,847,000	-138,668,000	9,556,000	411,109,000	125,749,000	86,112,000	32,922,000	261,097,000	60,327,000	127,225,000	230,817,000	-8,464,000	-31,811,000	-73,966,000	243,472,000	3,862,000	-36,500,000	49,548,000	966,276,000	359,646,000	-4,337,000	55,955,000	-71,718,000	212,648,000	102,329,000	271,239,000	23,977,000	98,546,000	61,544,000	14,212,000	185,337,000	84,009,000	1,467,000	40,806,000				-5,787,000	-329,000	1,020,000	-5,597,000	-6,907,000	-9,660,000	-12,394,000
effect of exchange rate changes on cash, cash equivalents and restricted cash	-900,000	100,000	-600,000	1,700,000	400,000	-1,400,000	900,000	-100,000	-200,000	800,000	-600,000	600,000	200,000	2,000,000	-4,100,000			112,000	-536,000	248,000	19,000	237,000	144,000	190,000	-382,000	120,000	-152,000	285,000	158,000	-429,000	158,000	-244,000	-8,000
net change in cash, cash equivalents and restricted cash	-139,100,000	-543,900,000	-287,200,000	1,357,100,000	46,200,000	-17,900,000	-22,400,000	-28,300,000	89,800,000	-19,300,000	-6,700,000	-6,100,000	-15,600,000	-21,600,000	-72,700,000	82,100,000	24,400,000	-7,421,000	-33,993,000	-562,000	27,533,000	-17,235,000	-273,685,000	-5,526,000	359,910,000	-6,896,000	-4,312,000	11,863,000	-28,087,000	-66,832,000	92,293,000	9,377,000	3,915,000
cash, cash equivalents and restricted cash, beginning of period	636,100,000	0	0	0	63,900,000	0	0	0	42,700,000	0	0	0	90,400,000	0	0	0	78,200,000	0	0	0	92,641,000	0	0	0	34,830,000	0	0	0	62,262,000	0	0	0	23,509,000
cash, cash equivalents and restricted cash, end of period	497,000,000	-543,900,000	-287,200,000	1,357,100,000	110,100,000	-17,900,000	-22,400,000	-28,300,000	132,500,000	-19,300,000	-6,700,000	-6,100,000	74,800,000	-21,600,000	-72,700,000	82,100,000	102,600,000	-7,421,000	-33,993,000	-562,000	120,174,000	-17,235,000	-273,685,000	-5,526,000	394,740,000	-6,896,000	-4,312,000	11,863,000	34,175,000	-66,832,000	92,293,000	9,377,000	27,424,000
less: cash, cash equivalents and restricted cash - discontinued operations				8,600,000	-12,700,000
cash, cash equivalents and restricted cash - continuing operations	497,000,000	-543,900,000	-283,100,000	1,365,700,000	97,400,000
income from continuing operations																																																												-478,000			1,461,000	-2,245,000	1,031,000
income from discontinued operations
net income																																						1,501,000	23,230,000	-5,038,000	11,778,000	100,042,000	39,697,000	18,486,000	12,248,000	-12,017,000	26,742,000	7,610,000	10,861,000	2,633,000	5,970,000	-602,000	-275,000	2,479,000	6,393,000	-2,112,000	-21,000	-987,000	2,585,000	-478,000			1,461,000	-2,423,000	877,000
adjustments to reconcile net income to net cash from operating activities:
gain on disposition of assets																																						-1,824,000	-3,673,000	-3,066,000	-2,661,000	-387,000	-1,125,000	-2,013,000	-1,526,000
gain on disposition of properties																																										-98,430,000	-18,190,000	13,000	-8,769,000
loss on foreign currency exchanges
asset impairment charges																																														0
catastrophic event-related impairment
goodwill impairment charges
share-based compensation																																						2,279,000	2,394,000	2,622,000	2,262,000	1,874,000	1,898,000	1,861,000	1,475,000	1,471,000	1,185,000	1,093,000	1,130,000
depreciation and amortization																																						60,948,000	61,063,000	49,064,000	47,594,000	45,495,000	43,595,000	42,045,000	43,454,000	41,813,000	29,888,000	30,143,000	29,159,000	30,140,000	25,645,000	25,343,000	21,134,000	20,437,000	19,573,000	20,665,000	17,083,000	18,705,000	17,031,000	17,108,000	17,061,000	16,981,000	17,206,000	17,530,000	16,789,000
deferred tax benefit
loss on extinguishment of debt
loss on remeasurement of notes receivable
gain on insurance proceeds related to property damage
gain on early lease termination
other
change in notes receivable from financed sales of inventory homes, net of repayments																																						2,063,000	-7,518,000	-11,814,000	-3,664,000	-4,634,000	-1,499,000	-491,000	-2,646,000	-1,494,000	-6,405,000	-7,281,000	-120,000	1,317,000	-7,351,000	-2,117,000	-2,031,000	-2,357,000	-2,078,000	-1,992,000	-1,295,000	-1,350,000	-1,231,000	-864,000	-744,000	-1,218,000	-1,381,000
change in inventory, other assets and other receivables																																						13,301,000	14,725,000	1,321,000	-1,229,000	2,912,000	-8,544,000	-10,539,000	1,553,000	-14,564,000	5,689,000	-3,775,000	1,506,000	-10,635,000	5,937,000	-3,103,000	-2,837,000	413,000	4,316,000	-11,609,000	1,217,000	-6,600,000	-1,259,000	-1,998,000	-459,000	-2,284,000	1,866,000	1,351,000	-1,599,000
change in other liabilities																																						-29,730,000	-25,048,000	48,349,000	191,000	-9,066,000	1,857,000	13,966,000	-2,229,000	10,937,000	-10,961,000	7,175,000	3,244,000	-3,816,000
proceeds from insurance		39,200,000				1,000,000	2,300,000	1,000,000	2,300,000	2,800,000	3,000,000	100,000	4,900,000
proceeds from sale of marketable securities
investments in nonconsolidated affiliates		-200,000	-100,000	-300,000	-300,000	-8,600,000	-8,100,000	-1,400,000	-4,300,000	-5,800,000	-21,600,000	-9,400,000	-2,700,000	-13,200,000	-12,500,000	-19,000,000	-6,400,000	-9,491,000	-16,198,000	-6,690,000	-4,510,000	-13,851,000	-9,647,000	-16,773,000	-6,970,000	-17,846,000	-12,394,000	-19,307,000	-11,195,000
proceeds from secured borrowing
proceeds from issuance of other debt						0	0	400,000	499,400,000	252,700,000	0	0	583,000,000	227,000,000	3,400,000	596,600,000	900,000					261,784,000	0	0	230,000,000	400,000,000	258,721,000	0	265,000,000	21,664,000				100,072,000	1,233,000	80,740,000	3,108,000	63,471,000	144,868,000	747,817,000	8,096,000	50,352,000	61,555,000	9,998,000	255,136,000	135,901,000	72,674,000	9,117,000	105,549,000	151,139,000	8,846,000	108,851,000	28,860,000	20,608,000	33,959,000	23,156,000	4,976,000	52,704,000	119,779,000	5,331,000	4,773,000
other financing activities																															3,309,000	-330,000	-5,000,000
payments from deposit on acquisition
issuance of notes and other receivables			0			0	-4,600,000	-1,800,000	-2,000,000	-5,000,000	-18,900,000	-8,300,000	-6,200,000	-6,700,000	-8,500,000	-12,000,000	-25,800,000	-225,495,000	-4,341,000	-4,866,000	-7,907,000	-10,462,000	-10,144,000	-5,141,000	-19,903,000	12,064,000				0	-3,000			-1,438,000	-1,977,000	-56,000	-447,000	-9,222,000	2,077,000	-1,742,000	-1,746,000	-1,028,000	-171,000	39,650,000	-40,206,000	739,000	1,045,000	-164,000	-1,323,000
distributions of capital from nonconsolidated affiliates			100,000	3,400,000	5,500,000	4,000,000	12,100,000	6,100,000	5,600,000	2,300,000	2,300,000	1,400,000	11,400,000	5,100,000	4,400,000	4,200,000	3,600,000
common stock withheld to satisfy income tax obligations related to vesting of restricted stock awards			-1,400,000	-600,000	-6,700,000	-700,000	-200,000	-1,300,000	-7,600,000	-600,000	-100,000	-1,100,000	-11,000,000	-900,000	-800,000	-1,200,000	-16,400,000
redemption of series f preferred op units			0
payments for deferred financing costs, net of prepaid return						-100,000	-1,000,000	-100,000	-4,000,000
proceeds from deposit on acquisition								-8,100,000	900,000	900,000			1,400,000	1,900,000
loss on remeasurement of marketable securities
contingent gain
goodwill impairment charge
loss on remeasurement of investment in nonconsolidated affiliates
income from nonconsolidated affiliates
proceeds from derivative settlements
proceeds / (payment) from deposit on acquisition						1,500,000
contributions from noncontrolling interest										0	0	200,000	1,700,000	500,000	0			921,000
net income /
(gain) / loss on foreign currency exchanges
loss on remeasurement of contingent liabilities
deferred tax
other amortization and accretion
distributions of income from nonconsolidated affiliates
cash flow hedge gains reclassified to earnings
early lease termination
investments in marketable securities
payments on financial liability														-1,000,000	-2,700,000
fees paid in connection with extinguishment of debt														0	-4,500,000	0	-300,000	0	0
payment of contingent liability
distributions for redemption of noncontrolling interests														-300,000	-5,700,000
proceeds received from return of prepaid deferred financing costs											0	0	2,000,000													0	0	0	1,618,000													0	1,820,000	46,000	4,986,000	0	0	0	2,384,000
payments for deferred financing costs											-500,000	-100,000	-5,600,000	-6,800,000	-800,000	-18,800,000	-800,000	-4,717,000	-623,000	-9,637,000	-701,000	-10,902,000	9,000	-3,000	-3,328,000	-188,000	-2,693,000	-2,875,000	-1,000,000	-485,000	-1,043,000	3,000	-605,000	1,939,000	-2,103,000	-1,683,000	-1,803,000	-598,000	-2,485,000	-7,311,000	-15,115,000	-255,000	-2,869,000	-2,673,000	-1,209,000	-5,185,000	-2,093,000	-271,000	-929,000	-3,243,000	-31,000	-722,000	-631,000	-140,000	-538,000	-215,000	-1,357,000	-490,000	-1,449,000	-225,000	0	-151,000	-17,000	-467,000	-10,000
proceeds / (payment) for deposit on acquisition
proceeds from gain on derivative settlement														0	0
redemption of series g preferred op units
acquisitions of properties, net of cash acquired																-1,604,700,000	-299,000,000	-548,937,000	-506,417,000	-451,581,000	-141,755,000	-1,689,656,000	-177,490,000	-54,430,000	-24,439,000	-68,792,000	-95,724,000	-28,863,000	-279,302,000	-14,544,000	-45,298,000	-258,042,000	-2,384,000	-50,049,000	-30,441,000	-26,887,000	-13,000,000	-14,225,000
payment for deposit on acquisition
(gain) / loss on foreign currency translation
gain on remeasurement of marketable securities
amortization of below market leases
amortization of debt premium																																						-3,257,000
amortization of deferred financing costs																																						551,000	613,000	512,000	484,000	526,000	553,000			195,000	294,000	290,000	277,000	501,000	296,000	367,000	439,000	376,000	437,000	418,000	353,000	483,000	453,000	400,000	399,000	419,000	430,000	401,000	395,000
amortization of ground lease intangibles																																						232,000
proceeds from disposition of properties																		0				0
issuance of common stock, op units and preferred op units																		-1,567,000	-813,000
redemption of series b-3 preferred op units																										0	0	0	-2,675,000	0	0	0	-4,105,000
proceeds from issuance of debt																		603,549,000
payments on debt																		-26,898,000
distributions from nonconsolidated affiliates																			4,034,000	5,490,000	1,192,000	-4,403,000	6,421,000	795,000	1,275,000	-40,357,000
proceeds from dispositions of assets and depreciated homes																				24,957,000	17,774,000	18,006,000	12,930,000	11,847,000	12,612,000	18,180,000	14,383,000	16,986,000	11,788,000	21,030,000	16,049,000	13,464,000	5,312,000	1,983,000	3,134,000
distributions to stockholders, op unit holders and preferred op unit holders
issuance of common stock, op units, and preferred op units																					522,264,000	1,230,818,000	-1,622,000	628,555,000	-7,140,000	-1,089,000	-1,549,000	447,741,000	-4,321,000	-612,000
prepayment penalty on collateralized term loans																						0	0	-2,976,000	-3,250,000
distributions to stockholders, op unit holders, and preferred op unit holders																					-89,792,000	-81,637,000	-81,078,000	-78,563,000	-71,859,000	-71,058,000	-71,650,000	-68,844,000	-65,145,000	-64,887,000	-60,872,000	-60,173,000	-56,881,000	-58,546,000	-57,844,000	-54,646,000	-53,447,000	-52,722,000	-50,208,000	-47,299,000	-43,511,000	-41,023,000	-41,327,000	-42,022,000	-38,119,000	-34,963,000	-30,258,000	-29,853,000	-26,303,000	-26,218,000	-26,342,000	-20,443,000	-18,744,000	-18,558,000	-15,626,000	-15,564,000	-15,461,000
gain on disposition of property
(gain) / loss on remeasurement of contingent liabilities
amortization of below market lease																																						-1,926,000
unrealized foreign currency translation (gain) / loss
remeasurement of marketable securities
contingent liability remeasurement (gain) / loss
prepayment penalty on debt																										-6,228,000				0	-306,000	-1,522,000	-196,000	-5,260,000	0	-293,000	-466,000
redemption of series a-4 cumulative convertible preferred stock
redemption of series a-4 preferred stock and op units																																		0	0
purchases of notes receivable																																	-893,000
operating activities:
investing activities:
financing activities:
gain on acquisition of property
unrealized foreign currency translation loss
contingent liability remeasurement loss
proceeds from nonconsolidated affiliate transactions
redemption of series a cumulative convertible preferred stock
investment in affiliates																															-10,608,000
issuance and costs of common stock, op units, and preferred op units																																89,265,000	-3,296,000
deferred tax expense
income from affiliate transactions																																						0
payments for deposits on acquisitions																																									-13,000	-52,000	-1,283,000	1,025,000	-1,950,000
proceeds from affiliate transactions
payment for membership interest
preferred stock redemption costs																																										0
effect of exchange rate changes on cash and cash equivalents																																		45,000	142,000	121,000	-10,000	34,000
net change in cash and cash equivalents																																		-127,321,000	-104,198,000	230,727,000	2,755,000	-61,665,000	38,388,000	-378,967,000	365,322,000	21,169,000	11,987,000	-112,951,000	41,422,000	-175,693,000	251,532,000	-1,685,000	4,552,000
cash and cash equivalents, beginning of period																																		0	0	0	8,164,000	0	0	0	45,086,000	0	0	0	83,459,000	0	0	0	4,753,000	0	0	0	0	0	5,857,000	0	0	0	8,420,000	0	0	0	4,496,000	0	6,162,000
cash and cash equivalents, end of period																																		-127,321,000	-104,198,000	230,727,000	10,919,000	-61,665,000	38,388,000	-378,967,000	410,408,000	21,169,000	11,987,000	-112,951,000	124,881,000	-175,693,000	251,532,000	-1,685,000	9,305,000	-202,000	-1,533,000	-9,216,000	34,225,000	-11,476,000	15,975,000	1,116,000	734,000	-850,000	4,857,000	3,714,000	-912,000	-2,436,000	8,054,000	-1,963,000	6,588,000
issuance and associated costs of common stock, op units, and preferred op units																																			-1,609,000	438,743,000	20,504,000	1,426,000	330,195,000	33,849,000	384,915,000	232,995,000	40,448,000	3,240,000	33,618,000	9,590,000	348,779,000	27,371,000	186,431,000	-20,000	-187,000	-159,000	143,450,000	-118,000	157,461,000	3,633,000	7,636,000
net proceeds from stock option exercise																																				0	45,000	0	0	0	149,000	24,000	0	0	71,000	1,000	-1,000	74,000	53,000	0	52,000	17,000	0	0	149,000	125,000	26,000	645,000	45,000	163,000
foreign currency exchange loss
deferred tax (benefit) expense
proceeds from disposition of land
redemption of series a-4 preferred stock																																										0
payments to retire preferred op units
proceeds related to affiliate transactions
proceeds related to disposition of assets and depreciated homes																																							-974,000	1,882,000	2,847,000	1,999,000	1,985,000	1,521,000	1,343,000	-628,000	-757,000	1,873,000	2,824,000		60,000	-419,000	144,000	668,000	543,000	866,000	-183,000
amortization of below market lease intangible																																								-1,350,000	-1,350,000	-1,349,000	-1,350,000
amortization of debt premium intangible																																								-2,478,000	-2,479,000	-2,498,000	-2,507,000
distributions from affiliate																																										0	0			0	-400,000	-400,000	-400,000	-700,000	-700,000	-650,000
acquisitions of properties																																										1,000	-71,880,000	-88,775,000	-148,620,000	-289,215,000	0	-33,234,000	-104,142,000
proceeds related to affiliate dividend distribution																																										0	0			0	400,000	400,000	400,000	700,000	700,000	650,000	600,000	1,900,000	750,000
proceeds related to the disposition of properties																																								87,062,000	1,634,000	49,034,000	28,206,000	0	17,282,000	23,000	44,385,000
income tax expense - reduction of deferred tax asset
investment in note receivable of acquired properties																																																		0	0
proceeds related to disposition of land																																														0	0	-37,000	258,000			0	0	84,000	88,000									7,000	2,000
payments for purchase of non-wholly owned subsidiary interests
amortization of debt premium, net of deferred financing costs																																													-2,616,000
supplemental information:
cash paid for interest																																													21,452,000		15,146,000	14,409,000	13,739,000	16,673,000	14,815,000	36,566,000	14,315,000	13,509,000	15,010,000	14,064,000	16,055,000	12,548,000	12,893,000	13,357,000	13,425,000	13,394,000	13,140,000	13,602,000	12,368,000
cash paid for interest on mandatorily redeemable debt																																													855,000		808,000	806,000	803,000	808,000	809,000	827,000	822,000	836,000	841,000	840,000	834,000	829,000	828,000	826,000	826,000	819,000	817,000	836,000	834,000
cash paid for state income taxes																																													14,000		0			-3,000	-61,000	0	0	230,000	90,000	-16,000	180,000	294,000	65,000	90,000	91,000
noncash investing and financing activities:
unrealized gain on interest rate swaps																																															0	0	97,000	96,000	89,000	0	44,000	343,000	256,000	404,000	222,000	19,000	403,000	607,000	-261,000
reduction in secured borrowing balance																																													3,936,000		6,604,000	5,665,000	4,850,000	6,372,000	4,235,000	4,434,000	3,165,000	3,051,000	3,030,000		3,114,000	2,202,000	2,537,000	2,771,000	2,250,000	1,546,000	1,432,000
change in distributions declared and outstanding																																													3,457,000		4,546,000	471,000	3,563,000
conversion of series a-1 preferred op units																																													902,000		171,000	1,151,000	556,000
noncash investing and financing activities at the date of acquisition:
acquisitions - other assets																																													4,221,000
acquisitions - note payable																																													2,377,000
acquisitions - series a-4 preferred op units issued																																													1,000,000
acquisitions - series a-4 preferred stock issued																																													175,417,000
acquisitions - common stock and op units issued																																													258,918,000
acquisitions - debt assumed																																													207,784,000							58,722,000				0	-51,000
loss on valuation of derivative instruments
net proceeds from issuance of series a preferred stock
payments to retire preferred operating partnership units																																																		0										0	0	0	-925,000
gain from disposition of assets																																															-1,092,000
gain from disposition of properties																																															-13,631,000
acquisitions - series a-3 preferred op units issued
acquisitions - release of note receivable and accrued interest																																																		0	0
gain from dispositions																																																	-983,000	-106,000	952,000
(gain) loss on valuation of derivative instruments																																																								20,000	-2,000	-1,000	-4,000
proceeds (financing) related to disposition of assets and depreciated homes
acquisitions - series a-1 preferred op units issued
acquisitions - other liabilities
gain on valuation of derivative instruments																																																					0	-1,000	-3,000					-6,000			6,000	-9,000	-3,000
stock compensation expense																																																			1,006,000	393,000	382,000	343,000	345,000	336,000	639,000	419,000	215,000	0	292,000	1,012,000	289,000	1,568,000	418,000
acquisitions																																																			0	-189,583,000	-35,252,000	0	-24,482,000	-25,668,000	-645,000
decrease (increase) in notes receivable
net increase in cash and cash equivalents																																																				-9,216,000			10,118,000	1,116,000	734,000	-850,000	-3,563,000	3,714,000	-912,000	-2,436,000	3,558,000		426,000
change in dividends declared and outstanding																																																			12,000		1,879,000	1,000	2,934,000
acquisitions - a-3 preferred op units issued																																																			0
change in accounts payable and other liabilities																																																				9,705,000	-1,769,000	2,664,000	-7,116,000	12,154,000	-3,786,000	4,149,000	-437,000	2,750,000	-3,898,000	2,587,000	-3,005,000	3,766,000	-862,000
increase in notes receivable																																																				219,000	-318,000
net decrease in cash and cash equivalents
(gain) income from land disposition
income from affiliate
dividends declared
gain from land disposition																																																					0	-22,000	-65,000
acquisitions - a-1 preferred op units issued
distributions from affiliates																																																						-1,900,000	-750,000
reduction of notes receivable																																																							327,000
receivable for issuance of stock																																																											2,092,000				784,000
less: income from discontinued operations, net of tax																																																																-178,000	-154,000
equity income from affiliates
net cash from operating activities of continuing operations																																																												17,086,000	10,583,000	14,610,000	16,842,000	18,795,000	15,819,000
net cash from operating activities of discontinued operations																																																																-129,000	-144,000
investment in affiliate
reduction of notes receivable and officer's notes																																																								661,000	509,000	371,000	352,000	3,244,000	592,000	596,000	2,035,000
net cash provided (used) for financing activities																																																								31,990,000	7,565,000
reduction in on secured borrowing balance
dividends declared and outstanding
acquisitions - preferred op units issued																																																								0	0
acquisitions - other noncash consideration																																																									-490,000
gain on disposal of assets and depreciated homes
gain on disposal of other assets and depreciated homes																																																											-686,000	662,000	-491,000	-805,000	-849,000
proceeds related to disposition of other assets and depreciated homes																																																											405,000	-180,000	496,000	-138,000	333,000
issuance and associated costs of common stock and op units																																																											29,799,000		6,891,000	11,484,000	2,311,000
distributions to stockholders and op unit holders																																																											-14,435,000	-13,739,000	-13,521,000	-13,306,000	-13,213,000	-13,109,000	-13,040,000
adjustments to reconcile income from continuing operations to net cash from operating activities:
gain from land dispositions
net equity income from affiliates
proceeds related to dispositions of land
issuance (redemption) of common stock and op units
net loss
less: loss from discontinued operations, net of tax
loss from continuing operations
adjustments to reconcile loss from continuing operations to net cash from operating activities:
equity loss from affiliates
equity (income) income from affiliates																																																															819,000
proceeds from issuance of notes payable and other debt																																																															4,347,000	23,518,000	7,593,000
payments on notes payable and other debt																																																															-3,470,000	-15,231,000	-4,834,000
unrealized loss on interest rate swaps																																																															-432,000		-4,000
equity income from affiliates, net of distributions
change in notes receivables from financed sales of inventory homes, net of repayments
payment of notes receivable and officer's notes																																																																1,105,000	3,027,000
proceeds from option exercise
proceeds (financing) related to disposition of other assets and depreciated homes
redemption of common stock and op units
noncontrolling interest allocation of income																																																																	104,000
gain on disposal of other assets																																																																	-17,000
net equity (income) income from affiliates																																																																	-27,000
change in notes receivable from sales of financed homes, net of repurchases																																																																	-410,000
proceeds related to disposition of other assets																																																																	32,000
cancellation of common stock and common op units																																																																	-131,000
rental homes transferred from inventory to investment property for use in rental program																																																																	7,358,000
financed home sales transferred from inventory and investment property to notes receivable																																																																	4,142,000
cash flows from operating activities:
adjustments to reconcile net income to cash from operating activities:
net minority interest allocation
loss on disposition of other assets
stock compensation expense, net of cumulative effect of accounting principle change
fees and other costs associated with extinguished debt
equity income from affiliate, net of distributions
change in notes receivable from sales of financed homes
cash flows from investing activities:
proceeds from sale of installment notes on manufactured homes to origen
payments of notes receivable and officer’s notes
cash flows from financing activities:
payments on notes and other debt
distributions to shareholders and op unit holders
cash paid for interest, including capitalized amounts of 0, 5, and 60 in 2008, 2007 and 2006, respectively
debt assumed for rental properties
equity (income) income from affiliate
payments on notes receivable from sale of financed homes
payments of notes receivable and officer's notes
cancellation of common stock and op units
rental homes transferred from inventory
home sales financed by company
loss allocated to minority interests
increase in notes receivable from sale of homes
increase in inventory, other assets and other receivables
increase in accounts payable and other liabilities
investment in rental properties
proceeds related to disposition of land and other assets
decrease in notes receivable and officer's notes
repayments on lines of credit
payments to redeem notes payable and other debt
proceeds from notes payable and other debt
rental home sales financed by company
income allocated to minority interests
decrease in notes receivable from sale of homes
decrease in accounts payable and other liabilities
proceeds related to land disposition
gain from property and land dispositions
stock compensation expense, net of cumulative effect of change in accounting principle
extinguishment of debt
write off of deferred financing costs related to extinguished debt
equity income from affiliate
decrease (increase) in notes receivable from sale of homes
purchase of short-term investments
proceeds from sale of short-term investments
proceeds related to property and land dispositions
proceeds from sale of installment loans on manufactured homes to origen
decrease in notes receivable and officer’s notes
treasury stock purchases
cash paid for interest including capitalized amounts of 5, 60, and 69
in 2007, 2006 and 2005, respectively
decrease (increase) in inventory, other assets and other receivables
decrease in inventory, other assets and other receivables
net cash from (provided by) financing activities
cash paid for interest including capitalized amounts of 60, 69, and 380 in 2006, 2005 and 2004, respectively
issuance of partnership units to retire capitalized lease obligations
income from discontinued operations allocated to minority interests
gain from property dispositions
depreciation allocated to income from discontinued operations
deferred financing costs related to extinguished debt
decrease (increase) in inventory and other assets
proceeds related to property dispositions
net proceeds from issuance (redemption) of common stock and op units
borrowings (repayments) on line of credit
payments to retire perpetual preferred operating partnership units
purchases of company stock
cash paid for interest including capitalized amounts of 35 and 294 for the six months ended june 30, 2005 and 2004, respectively
unrealized gains on interest rate swaps

Sun Communities, Inc(NYSE:SUI)

Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.

Sun Communities, Inc
(NYSE:SUI)