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SUN COMMUNITIES INC (SUI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   10-Q8-K10-Q10-Q10-K10-Q10-Q10-Q
Revenues          
Real property  863.5674.3814.3548.5542.4684.3603.9442.0
            Real property growth  6.0%24.3%34.8%24.1%41.2%70.9%99.1%42.4%
Home sales  122.6107.7142.764.7  81.852.2
Service, retail, dining and entertainment  190.9109.4167.680.881.7113.0107.150.6
Interest  14.09.97.36.84.22.72.82.6
Brokerage commissions and other, net  9.87.58.68.0  6.96.0
    Total Revenues  863.5674.3814.3548.5542.4684.3603.9442.0
            Total Revenues growth  6.0%24.3%34.8%24.1%41.2%70.9%99.1%42.4%
Expenses          
Property operating and maintenance  178.6 160.4129.3 158.1123.8103.6
Real estate tax  30.0 27.726.124.424.823.222.4
Home costs and selling  81.2 92.945.9151.056.658.841.6
Service, retail, dining and entertainment  171.7 142.770.5 87.184.745.4
General and administrative  62.369.862.255.754.743.345.338.2
Catastrophic event-related charges, net  0.1 0.1 -0.90.30.42.4
Depreciation and amortization  164.1154.8150.1148.5144.6127.1127.1123.9
Asset impairments  6.5 0.1     
Loss on extinguishment of debt    0.10.30.0 8.1 
Interest  79.2 55.345.242.439.037.739.5
Interest on mandatorily redeemable preferred OP units / equity  0.9 1.11.01.11.01.01.0
    Total Expenses  774.6224.6707.7523.0521.5537.3509.9419.2
    Income Before Other Items  88.96.8106.6     
Gain / (loss) on remeasurement of marketable securities  5.8 -32.3     
Other income / (expense), net  -0.8 0.4-0.6-2.1-9.4-0.2-0.5
Gain / (loss) on dispositions of properties  -0.1       
Income / (loss) from nonconsolidated affiliates  -0.7 0.9     
Gain on remeasurement of investment in nonconsolidated affiliates    0.4     
   
Current tax expense          
Deferred tax benefit  7.7 0.3 1.0-1.2 0.1
    Net Income  97.5 81.31.514.8250.2120.828.0
Less: Preferred return to preferred OP units / equity interests  3.3 3.13.0  3.02.9
Less: Income / (loss) attributable to noncontrolling interests  4.4 4.2-2.2-1.115.37.00.3
    Net Income Attributable to SUI Common Shareholders  89.8 74.00.7 231.8110.824.8
   
Weighted average common shares outstanding:          
Weighted average common shares outstanding - basic (in shares)  123.4123.1120.0115.3112.6115.1112.1107.9
Diluted weighted average common shares outstanding - diluted (in shares)  123.4125.8120.0115.9115.1118.1112.1108.2
   
Earnings per share:          
Basic earning per share (in dollars per share)  $0.72$0.04$0.61$0.01$0.09$2.00$0.98$0.23
Diluted earning per share (in dollars per share)  $0.72$0.04$0.61$0.01$0.09$2.00$0.98$0.23

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