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Sun Communities Inc (SUI) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Sun Communities Inc (SUI) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Sun Communities Inc is a self-administered and self-managed real estate investment trust. The Company through its subsidiaries owns, operates, and develops manufactured housing and recreational vehicle communities throughout the United States. Sun Communities Inc has a market cap of $9.83 billion; its shares were traded at around $113.83 with a P/E ratio of 88.91 and P/S ratio of 8.39. The dividend yield of Sun Communities Inc stocks is 2.50%. Sun Communities Inc had annual average EBITDA growth of 0.40% over the past five years.


For the last quarter Sun Communities Inc reported a revenue of $323.5 million, compared with the revenue of $268.2 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.1 billion, an increase of 14.7% from last year. For the last five years Sun Communities Inc had an average revenue growth rate of 23.6% a year.

The reported diluted earnings per share was $1.29 for the year, an increase of 51.8% from previous year. Over the last five years Sun Communities Inc had an EPS growth rate of 19.4% a year. The Sun Communities Inc enjoyed an operating margin of 23.58%, compared with the operating margin of 23.11% a year before. The 10-year historical median operating margin of Sun Communities Inc is 23.55%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Sun Communities Inc has the cash and cash equivalents of $50.3 million, compared with $10.1 million in the previous year. The long term debt was $3.1 billion, compared with $3.1 billion in the previous year. The interest coverage to the debt is 2, which is not a favorable level. Sun Communities Inc has a financial strength rank of 5 (out of 10).

At the current stock price of $113.83, Sun Communities Inc is traded at 123.6% premium to its historical median P/S valuation band of $50.90. The P/S ratio of the stock is 8.39, while the historical median P/S ratio is 3.74. The stock gained 37.44% during the past 12 months.

For the complete 20-year historical financial data of SUI, click here.

This article first appeared on GuruFocus.