Sun Communities (SUI) Operating Expenses (2010 - 2026)
Sun Communities posted quarterly Operating Expenses of $484.4 million for Q1 2026, down 5.52% year-on-year from $512.7 million in Q1 2025, and down 5.0% on a QoQ basis from $509.9 million in Q4 2025.
Sun Communities (SUI) has 17 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at $1.1 billion in Q2 2023 and bottomed at $484.4 million in Q1 2026.
- The 5-year median for Operating Expenses is $668.6 million (2023), against an average of $672.2 million.
- The widest annual swing landed in 2023, when Operating Expenses surged 53.2%; it then sank 48.03% in 2024.
- A 5-year view of Operating Expenses shows it stood at $667.5 million in 2022, then increased by 11.0% to $740.9 million in 2023, then advanced by 0.35% to $743.5 million in 2024, then plunged by 31.42% to $509.9 million in 2025, then fell 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 | 25.91 Bn | 26.13 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 484.40 Mn |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 205.74 Mn |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | 384.36 Mn |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.59 Bn | 4.59 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 |
| Mar 31, 2021 | 419.20 Mn |
| Dec 31, 2020 | 393.06 Mn |
| Sep 30, 2020 | 320.34 Mn |
| Jun 30, 2020 | 275.45 Mn |
| Mar 31, 2020 | 274.11 Mn |
| Dec 31, 2019 | 293.84 Mn |
| Sep 30, 2019 | 305.99 Mn |
| Jun 30, 2019 | 272.27 Mn |
| Mar 31, 2019 | 252.76 Mn |
| Dec 31, 2018 | 257.16 Mn |
| Sep 30, 2018 | 273.12 Mn |
| Jun 30, 2018 | 245.13 Mn |
| Mar 31, 2018 | 221.87 Mn |
| Dec 31, 2017 | 234.85 Mn |
| Sep 30, 2017 | 242.75 Mn |
| Jun 30, 2017 | 222.45 Mn |
| Mar 31, 2017 | 209.82 Mn |
| Dec 31, 2016 | 211.57 Mn |
| Sep 30, 2016 | 226.69 Mn |
| Jun 30, 2016 | 195.78 Mn |
| Mar 31, 2016 | 162.64 Mn |
| Dec 31, 2015 | 165.70 Mn |
| Sep 30, 2015 | 163.77 Mn |
| Jun 30, 2015 | 154.86 Mn |
| Mar 31, 2015 | 151.65 Mn |
| Dec 31, 2014 | 165.70 Mn |
| Sep 30, 2014 | 163.77 Mn |
| Jun 30, 2014 | 108.99 Mn |
| Mar 31, 2014 | 100.65 Mn |
| Dec 31, 2013 | 102.98 Mn |
| Sep 30, 2013 | 101.84 Mn |
| Jun 30, 2013 | 97.29 Mn |
| Mar 31, 2013 | 94.98 Mn |
| Dec 31, 2012 | 91.99 Mn |
| Sep 30, 2012 | 83.81 Mn |
| Jun 30, 2012 | 81.59 Mn |
| Mar 31, 2012 | 77.22 Mn |
| Dec 31, 2011 | 78.92 Mn |
| Sep 30, 2011 | 75.04 Mn |
| Jun 30, 2011 | 70.36 Mn |
| Mar 31, 2011 | 67.35 Mn |
| Dec 31, 2010 | 67.86 Mn |
| Sep 30, 2010 | 66.15 Mn |
| Jun 30, 2010 | 68.70 Mn |