Stock fact sheet · data as of
Sun Communities, Inc. (SUI): fair value, margin of safety and Wheel Score
Real Estate · REIT - Residential · United States · Speculative / Distressed
Is SUI undervalued?
At 114.24 (close of 16 Oct 2026), SUI trades 26% over the GLS average fair value of 90.77. 0 of the 3 models land above the price and 3 below. A negative margin of safety costs Value points in the Wheel Score (2 of 25 here) - the models see no discount, which does not make the business a poor one, only the price a full one.
The average is built from just 3 models (DCF, 10 Cap, DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files SUI under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for SUI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 114.09 | -0% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 93.48 | -18% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 64.74 | -43% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -34.31 | -130% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 136.82 | +20% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Sun Communities, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability SUI scores 5.1/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 15.4%, ROE 19.4%, ROA 11.0% - with debt at 0.26 times equity and a free-cash-flow yield of 6.0%.
The dividend yield is 3.85% at a payout ratio of -64%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from MH 62%, RV 38% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 15.4% |
|---|---|---|---|
| GLS Moat | 5.1 / 10 | ROE | 19.4% |
| Debt / equity | 0.26 | ROA | 11.0% |
| Free-cash-flow yield | 6.0% | Payout ratio | -64% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Sun Communities, Inc. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 2/25, Health 16/20, Moat 8/15, Premium 10/20, Stability 18/20 - show where: Value (2/25) scores lowest.
Implied volatility is 25% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (10 of 20 points). Chain open interest is 4,579 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 826k shares a day on a market cap of $13.9B, with a beta of 0.76 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 2 / 25 | -26% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.1/10 | |
| Premium | 10 / 20 | implied volatility 25% | |
| Stability | 18 / 20 | 826k shares/day, $13.9B cap, beta 0.76 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Sun Communities, Inc. reports earnings on 28 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Residential
The 12 companies below are the closest to Sun Communities, Inc. by market cap within the REIT - Residential industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MAA Mid-America Apartment Communities, Inc. | 116.27 | 72.10 | -61% | 50Fair | $13.5B |
| INVH Invitation Homes Inc. | 26.80 | 21.36 | -25% | 55Fair | $15.8B |
| ELS Equity LifeStyle Properties, Inc. | 60.25 | 28.93 | -108% | 58Fair | $11.7B |
| ESS Essex Property Trust, Inc. | 269.66 | 230.97 | -17% | 58Fair | $17.3B |
| AMH American Homes 4 Rent | 30.97 | 30.76 | -1% | 80Prime | $11.1B |
| UDR UDR, Inc. | 33.96 | 30.05 | -13% | 63Fair | $10.9B |
| CPT Camden Property Trust | 98.19 | 84.06 | -17% | 56Fair | $9.9B |
| VMRK Vivmark Residential | 60.80 | 59.36 | -2% | 65Good | $22.8B |
| IRT Independence Realty Trust, Inc. | 14.70 | 7.98 | -84% | 54Fair | $3.5B |
| MRP Millrose Properties, Inc. | 22.22 | 156.58 | +86% | 82Prime | $3.4B |
| UMH UMH Properties, Inc. | 15.03 | 13.17 | -14% | 56Fair | $1.3B |
| CSR Centerspace | 55.88 | 74.14 | +25% | 71Good | $939M |
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Start free See the Sunday ScanQuestions about SUI
Is SUI undervalued right now?
No: at 114.24 the stock trades 26% above the GLS average fair value of 90.77 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of SUI and what does it mean?
SUI scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SUI?
90.77 per share as of 16 Oct 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Sun Communities, Inc. report earnings next?
The next earnings report is due on 28 Oct 2026 (after the close), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SUI have listed options, and how liquid are they?
Yes. The nightly snapshot found 230 listed contracts with 4,579 open interest across all expiries and implied volatility of 25% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.