Sun Communities (SUI) Gross Margin (2010 - 2026)
Sun Communities (SUI) posted Gross Margin of 96.71% for Q1 2026, up 46.98% on a QoQ basis from 65.8% in Q4 2025, and down 1.0% year-over-year from 97.69% in Q1 2025.
Sun Communities (SUI) Gross Margin (2010 - 2026) Analysis & Trends
Sun Communities' Gross Margin history runs 17 years deep, the most recent figure standing at 96.71% for Q1 2026.
- Quarterly Gross Margin fell 1.0% year-over-year to 96.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 88.69% (down 653.0% YoY) and the FY2025 annual result came in at 88.56%, down 662.0% from the prior year.
- Gross Margin was 96.71% for Q1 2026 at Sun Communities, up from 65.8% in the prior quarter.
- Across five years, Gross Margin topped out at 118.25% in Q4 2023 and bottomed at 65.8% in Q4 2025.
- A 5-year average of 90.19% and a median of 90.39% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 3213 bps — and 2025, when it tumbled 3070 bps.
- Sun Communities' Gross Margin stood at 86.12% in 2022, then jumped by 37 bps to 118.25% in 2023, then fell by 18 bps to 96.5% in 2024, then slumped by 32 bps to 65.8% in 2025, then soared by 47 bps to 96.71% in 2026.
- Business Quant data shows SUI's Gross Margin at 96.71% in Q1 2026, 65.8% in Q4 2025, and 94.45% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | - |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | - |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 94.67% |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 96.67% |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 96.71% |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 97.79% |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 95.30% |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | - |
| 10 | Millrose Properties | 4.76 Bn | 4.76 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.71% |
| Dec 31, 2025 | 65.80% |
| Sep 30, 2025 | 94.45% |
| Jun 30, 2025 | 94.63% |
| Mar 31, 2025 | 96.72% |
| Dec 31, 2024 | 96.50% |
| Sep 30, 2024 | 93.75% |
| Jun 30, 2024 | 94.60% |
| Mar 31, 2024 | 88.94% |
| Dec 31, 2023 | 118.25% |
| Sep 30, 2023 | 82.37% |
| Jun 30, 2023 | 80.89% |
| Mar 31, 2023 | 90.39% |
| Dec 31, 2022 | 86.12% |
| Sep 30, 2022 | 84.46% |
| Jun 30, 2022 | 82.48% |
| Mar 31, 2022 | 86.20% |
| Dec 31, 2021 | 85.20% |
| Sep 30, 2021 | 88.18% |
| Jun 30, 2021 | 90.26% |