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Sun Communities (SUI) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 27, 2026
Sun Communities (SUI) reported revenue of $558M for the second quarter fiscal 2027 (Q2 FY27), +0.4% from a year earlier and +15% from the quarter before. Operating margin was 18.2%, net earnings $126M (22.6% of revenue).
Sun Communities, Q2 FY27: revenue $558M (+0.4% year over year), operating margin 18.2%, net earnings $126M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $558M | +15% | +0.4% |
| Operating profit | $102M | +102% | — |
| Net earnings | $126M | — | +943% |
| Operating cash flow | $155M | -42% | -22% |
What changed
Revenue was $558.2M in Q2 FY27, roughly flat year over year and up 15% from the previous quarter.
Operating profit was $101.6M, a 18.2% margin (up 24.6 points year over year). Total costs fell 23% while revenue was flat. Net earnings were $126.2M, up 943% year over year. The effective tax rate was 0.0%. Non-operating items added $26.2M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $155.2M (down 22% year over year), 121% of net earnings. Non-cash charges added back $125.7M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $104.6M.
Questions
What was Sun Communities' revenue in the second quarter fiscal 2027?
Sun Communities (SUI) reported revenue of $558M for the second quarter fiscal 2027 (Q2 FY27), +0.4% from a year earlier and +15% from the quarter before.
Was Sun Communities profitable in the second quarter fiscal 2027?
Operating profit was $102M (18.2% of revenue) and net earnings $126M.
Source: Sun Communities 10-Q on SEC EDGAR.