Sun Communities, Inc.

Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT) specializing in the ownership, operation, and development of manufactured housing (MH) communities, recreational vehicle (RV) resorts, and holiday parks. Established in 1975 and publicly listed in 1993, the company's mission is to enable residents to live their desired lifestyle by providing quality communities and services with a commitment to continuous improvement and innovation. Its corporate headquarters are located in Southfield, Michigan, U.S..

The company's core business revolves around generating revenue through land leases for manufactured homes, RV sites, and holiday park accommodations. Sun Communities serves a diverse customer base, including permanent residents in all-age and active 55+ manufactured housing communities, as well as vacationers and leisure travelers at its RV resorts (branded as Sun Outdoors) and UK holiday parks (branded as Park Holidays UK). The portfolio spans properties across the United States, Canada, and the United Kingdom, focusing on providing affordable housing and outdoor hospitality experiences..

Charles Young assumed the role of Chief Executive Officer in October 2025, succeeding Gary A. Shiffman, who continues to serve as Chairman. Sun Communities reported strong financial performance in Q1 2026, exceeding Funds From Operations (FFO) expectations and subsequently raising its full-year guidance. The company's North America same-property net operating income (NOI) saw a 6.3% increase in Q1 2026. In April 2025, the company strategically divested its marina portfolio to sharpen its focus on its core manufactured housing and recreational vehicle businesses. With a market capitalization of approximately $15-16 billion, Sun Communities maintains a significant position within the residential REIT sector.