NYSE$SUI

Sun Communities Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Sun Communities reported strong Q4 2019 results, driven by strategic initiatives and consumer demand.

Sun Communities reported a revenue increase of 10.2% to $301.8 million for Q4 2019, with net income attributable to common stockholders rising to $28.5 million, or $0.31 per diluted share. The company's Same Community NOI increased by 7.6%, and Same Community Occupancy reached 98.4%.

  • Total revenues increased by 10.2% to $301.8 million compared to the same period in 2018.
  • Net income attributable to common stockholders was $28.5 million, or $0.31 per diluted common share.
  • Same Community NOI increased by 7.6% over the same period in 2018.
  • Same Community occupancy increased to 98.4% from 96.2% at December 31, 2018.

Headline financials

Total Revenue

$205M

Previous: $183M+12.1%
EPS (adj)

$1.10

Previous: $1.03+6.8%
MH Occupancy

95.5%

No prior period
Annual RV Occupancy

100.0%

No prior period
Net Income

$30.7M

Previous: $9.04M+239.5%
Operating Income

$7.98M

No prior period
Gross Profit

$167M

Previous: $149M+11.8%
Cash & Equivalents

$22.1M

Previous: $50.3M-56.1%
Total Assets

$7.8B

Previous: $6.71B+16.3%
Stock-Based Comp

$17.5M

Previous: $15.1M+16.0%

Revenue & EPS history

Sun Communities · Revenue · Quarterly

$205M

Q4 2019+12.1%vs Q4 2018
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Sun Communities · $226M total across 2 segments · Q4 2019

  • MH Total Revenue
    $205M
  • RV Total Revenue
    $21.2M

Forward guidance

The estimates and assumptions presented represent a range of possible outcomes and may differ materially from actual results. Guidance estimates include acquisitions completed through the date of this release, and exclude any prospective acquisitions or capital markets activity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.4%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+0.1%

Avg return

30 days after

64%

41 / 64 earnings

Positive

+8.8%

Q3 2022

Best reaction

-7.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-0.8%-2.3%
Q4 2025+2.0%+4.5%-4.4%
Q3 2025+2.8%+4.4%+7.8%
Q1 2025-4.5%-3.8%-4.3%
Q4 2024-0.6%-1.0%-2.8%
Q3 2024-7.5%-4.6%-6.4%
Q2 2024+4.7%+2.3%+6.3%
Q1 2024-6.5%-1.5%-3.1%
Q4 2023+2.4%+1.1%+1.4%
Q3 2023+2.4%+4.4%+18.7%
Q2 2023-4.9%-6.3%-10.9%
Q1 2023-2.3%+0.3%-7.6%
Q4 2022-5.1%-6.8%-14.4%
Q3 2022+8.8%+12.1%+21.9%
Q2 2022+0.2%+2.1%-0.4%
Q1 2022-1.8%-6.0%-13.8%
Q4 2021-1.3%-0.4%-6.5%
Q3 2021-2.2%-3.1%-1.1%
Q2 2021+2.2%+4.2%+4.6%
Q1 2021+1.4%+3.5%+3.9%
Q4 2020+1.2%+1.3%-0.4%
Q3 2020-2.3%-2.3%-3.6%
Q2 2020+3.4%+4.1%+7.6%
Q1 2020+3.4%+15.8%+13.0%
Q4 2019+2.1%+1.0%-33.6%
Q3 2019+1.9%+1.9%+2.0%
Q2 2019-0.2%+1.2%+11.5%
Q1 2019+2.2%+1.7%+5.5%
Q4 2018-0.7%-1.0%+3.0%
Q3 2018+3.7%+3.2%+3.0%
Q2 2018+0.2%+0.2%+5.8%
Q1 2018+0.0%+2.9%+2.2%
Q4 2017+2.4%+4.0%+3.6%
Q3 2017+0.5%+0.7%+4.2%
Q2 2017+1.2%+1.4%+2.3%
Q1 2017+0.5%+0.2%+4.0%
Q4 2016+3.1%+2.2%-0.6%
Q3 2016-1.0%-2.3%-7.6%
Q2 2016-2.4%-3.6%-4.3%
Q1 2016-0.2%
Q4 2015+1.7%
Q3 2015-2.9%
Q2 2015+3.3%
Q1 2015+2.7%
Q4 2014-1.3%
Q3 2014+6.6%
Q2 2014+1.5%
Q1 2014+2.7%
Q4 2013-2.6%
Q3 2013+0.1%
Q2 2013-1.0%
Q1 2013+0.3%
Q4 2012+1.5%
Q3 2012-3.9%
Q2 2012+0.4%
Q1 2011+1.4%
Q1 2012+0.6%
Q1 2010+0.7%
Q4 2011+0.7%
Q3 2011-1.9%
Q3 2010-1.9%
Q2 2010+2.5%
Q2 2011+2.5%
Q4 2010+2.5%

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