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Sun Communities (SUI) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-Q filed Apr 28, 2026
Sun Communities (SUI) reported revenue of $508M for the fourth quarter fiscal 2026 (Q4 FY26), +8% from a year earlier and -1% from the quarter before. Operating margin was 4.6%, net loss $6.3M (1.2% of revenue).
Sun Communities, Q4 FY26: revenue $508M (+8% year over year), operating margin 4.6%, net loss $6.3M, operating cash flow $269M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $508M | -1% | +8% |
| Operating profit | $23.5M | +343% | — |
| Net earnings | −$6.3M | -105% | — |
| Operating cash flow | $269M | +62% | +10% |
What changed
Revenue was $507.9M in Q4 FY26, up 8% year over year and down 1% from the previous quarter.
Operating profit was $23.5M, a 4.6% margin (up 13.7 points year over year). Total costs fell 6% while revenue rose 8%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $6.3M, after a profit of $130.6M the previous quarter. Net interest and other expense of $29.8M was the main reason.
Operating cash flow was $269.3M (up 10% year over year). Non-cash charges added back $132.5M of depreciation and amortization and $16.4M of share-based compensation. Working capital and other items added $126.7M.
Questions
What was Sun Communities' revenue in the fourth quarter fiscal 2026?
Sun Communities (SUI) reported revenue of $508M for the fourth quarter fiscal 2026 (Q4 FY26), +8% from a year earlier and -1% from the quarter before.
Was Sun Communities profitable in the fourth quarter fiscal 2026?
Operating profit was $23.5M (4.6% of revenue) and net loss $6.3M.
Source: Sun Communities 10-Q on SEC EDGAR.