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Sun Communities (SUI) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-Q filed May 6, 2025
Sun Communities (SUI) reported revenue of $470M for the fourth quarter fiscal 2025 (Q4 FY25), +0.2% from a year earlier and -37% from the quarter before. Operating margin was -9.0%, net loss $41.6M (8.8% of revenue).
Sun Communities, Q4 FY25: revenue $470M (+0.2% year over year), operating margin -9.0%, net loss $41.6M, operating cash flow $244M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $470M | -37% | +0.2% |
| Operating profit | −$42.5M | — | — |
| Net earnings | −$41.6M | — | — |
| Operating cash flow | $244M | +107% | +0.6% |
| Free cash flow | $195M | — | +2% |
What changed
Revenue was $470.2M in Q4 FY25, roughly flat year over year and down 37% from the previous quarter. MH was the largest line at 59% of revenue. MH added $7.0M year over year (up 3%), 700% of the total change. UK Segment declined 3%.
Operating costs exceeded revenue by $42.5M, an operating margin of -9.0%. Total costs fell 1% while revenue was flat. The quarter ended with a net loss of $41.6M, narrower than the previous quarter's $231.0M loss.
Operating cash flow was $243.9M (up 1% year over year). Non-cash charges added back $123.7M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $153.0M. Capital expenditures of $49.0M left free cash flow of $194.9M.
Questions
What was Sun Communities' revenue in the fourth quarter fiscal 2025?
Sun Communities (SUI) reported revenue of $470M for the fourth quarter fiscal 2025 (Q4 FY25), +0.2% from a year earlier and -37% from the quarter before.
Was Sun Communities profitable in the fourth quarter fiscal 2025?
Operating loss was $42.5M (-9.0% of revenue) and net loss $41.6M.
Source: Sun Communities 10-Q on SEC EDGAR.