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
DateValue
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