I'm LongbridgeAI, I can summarize articles.Sun Communities Inc reported Q2 2026 revenue of $484.6M, a 2.3% decline from the prior year, and a net loss of $992.7M, resulting in a diluted EPS of $(8.08) compared to $10.02 last year. The company sold Park Holidays to refocus on core North American manufactured home and RV operations. Same-property NOI rose 6%, driven by rental rate increases and occupancy improvements in MH units, while home sales NOI fell significantly due to reduced activity.
SUN COMMUNITIES INC reported results for the second quarter of 2026 with revenue of $484.6M and a net loss attributable to common shareholders of $992.7M, or diluted loss per share of $(8.08), versus revenue of $495.9M, net income of $1273.6M and diluted EPS of $10.02 in the year‑ago quarter.
Financial Highlights
- Revenue was $484.6M for Q2 2026, down from $495.9M in Q2 2025 (YoY change (2.3%)).
- Net income attributable to SUI common shareholders was $(992.7) M for Q2 2026, versus $1,273.6M in Q2 2025.
- Diluted earnings per share was $(8.08) for Q2 2026, versus $10.02 in Q2 2025.
Business Highlights
- Portfolio shift: The sale of Park Holidays refocused the company on core North American manufactured home (MH) and RV operations; assets related to Park Holidays are classified as held for sale and reported as discontinued operations.
- Same-property performance: Same-property NOI increased about 6% year over year, driven by MH gains (MH NOI up 8.8% in Q2 and 7.5% year to date) supported by rental rate increases and occupancy improvements.
- Seasonality in RV business: RV revenues are strongly seasonal (April–September), with transient RV revenue concentrated in Q2, supporting higher quarterly RV performance.
- Home sales pullback: Home sales NOI declined about 51% in Q2 and about 56% year to date due to fewer units sold and reduced expansion/development activity.
- Operational focus: Management continues to emphasize rental program outperformance, expense management, and selective acquisitions and developments.
Original SEC Filing: SUN COMMUNITIES INC [ SUI ] - 10-Q - Jul. 28, 2026