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Sun Communities (SUI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 28, 2026
Sun Communities (SUI) reported revenue of $485M for the first quarter fiscal 2027 (Q1 FY27), -2% from a year earlier and -5% from the quarter before. Operating margin was 10.4%, net loss $1.0B (211.5% of revenue).
Sun Communities, Q1 FY27: revenue $485M (-2% year over year), operating margin 10.4%, net loss $1.0B, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $485M | -5% | -2% |
| Operating profit | $50.2M | +114% | — |
| Net earnings | −$1.0B | — | -177% |
| Operating cash flow | $266M | -1% | +4% |
What changed
Revenue was $484.6M in Q1 FY27, down 2% year over year and down 5% from the previous quarter.
Operating profit was $50.2M, a 10.4% margin (up 25.1 points year over year). Total costs fell 24% while revenue fell 2%. The quarter ended with a net loss of $1,024.9M, wider than the previous quarter's $6.3M loss. Minority interests bore $9.1M of it: to shareholders the quarter was a loss of $1,015.8M. Net interest and other expense of $1,075.1M was the main reason.
Operating cash flow was $265.9M (up 4% year over year). Non-cash charges added back $123.9M of depreciation and amortization and $12.7M of share-based compensation. Working capital and other items added $1,154.2M.
Questions
What was Sun Communities' revenue in the first quarter fiscal 2027?
Sun Communities (SUI) reported revenue of $485M for the first quarter fiscal 2027 (Q1 FY27), -2% from a year earlier and -5% from the quarter before.
Was Sun Communities profitable in the first quarter fiscal 2027?
Operating profit was $50.2M (10.4% of revenue) and net loss $1.0B.
Source: Sun Communities 10-Q on SEC EDGAR.