Sun Communities (SUI) Operating Expenses (2010 - 2026)
Sun Communities (SUI) reported Operating Expenses of $484.4 million for Q1 2026, down 5.52% on a YoY basis from $512.7 million in Q1 2025, and down 5.0% quarter-over-quarter from $509.9 million in Q4 2025.
Sun Communities (SUI) Operating Expenses (2010 - 2026) Analysis & Trends
Sun Communities has reported Operating Expenses for 17 years, with the latest figure at $484.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 5.52% year-over-year to $484.4 million; the trailing twelve-month figure through Mar 2026 stood at $2.5 billion (up 4.13% YoY), and the FY2025 full-year result was $2.5 billion, up 5.0% from the prior year.
- Operating Expenses for Q1 2026 stood at $484.4 million, down from $509.9 million in the prior quarter.
- The five-year high for Operating Expenses was $1.1 billion in Q2 2023, with the low at $484.4 million in Q1 2026.
- Historically, Operating Expenses has averaged $672.2 million across 5 years, with a median of $668.6 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 53.2% — and 2024, when it tumbled 48.03%.
- Sun Communities' Operating Expenses stood at $667.5 million in 2022, then grew by 11.0% to $740.9 million in 2023, then gained by 0.35% to $743.5 million in 2024, then sank by 31.42% to $509.9 million in 2025, then declined by 5.0% to $484.4 million in 2026.
- The last three Operating Expenses figures came in at $484.4 million (Q1 2026), $509.9 million (Q4 2025), and $699.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 484.40 Mn |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | 384.36 Mn |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.75 Bn | 4.75 Bn | - | 28.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 484.40 Mn |
| Dec 31, 2025 | 509.90 Mn |
| Sep 30, 2025 | 699.10 Mn |
| Jun 30, 2025 | 812.60 Mn |
| Mar 31, 2025 | 512.70 Mn |
| Dec 31, 2024 | 743.50 Mn |
| Sep 30, 2024 | 586.90 Mn |
| Jun 30, 2024 | 563.50 Mn |
| Mar 31, 2024 | 519.70 Mn |
| Dec 31, 2023 | 740.90 Mn |
| Sep 30, 2023 | 840.70 Mn |
| Jun 30, 2023 | 1.08 Bn |
| Mar 31, 2023 | 668.60 Mn |
| Dec 31, 2022 | 667.50 Mn |
| Sep 30, 2022 | 763.10 Mn |
| Jun 30, 2022 | 707.70 Mn |
| Mar 31, 2022 | 523.00 Mn |
| Dec 31, 2021 | 521.40 Mn |
| Sep 30, 2021 | 537.30 Mn |
| Jun 30, 2021 | 509.90 Mn |