Sun Communities Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	10,571	14,442	14,715	14,251	11,657	9,792
Total Real Estate Assets	10,571	14,442	14,715	14,251	11,657	9,792
Cash & Equivalents	542.7	47.5	29.2	72.8	65.8	77.34
Accounts Receivable	286	223.9	160.5	198.1	151.9	135.81
Other Receivables	135.4	162.8	182.8	101.3	23.5	31.2
Investment In Debt and Equity Securities	-	-	-	127.3	186.9	124.73
Goodwill	9.5	551.2	733	1,018	495.4	428.83
Other Intangible Assets	97	338.9	369.5	402	306.8	305.61
Loans Receivable Current	92.4	148.5	134.5	317.9	294.2	54.64
Restricted Cash	637.3	16.4	13.5	17.6	12.4	15.3
Other Current Assets	155.1	129.8	205.6	202.7	51.8	78.74
Trading Asset Securities	0.6	6.3	11.7	32	0.4	-
Deferred Long-Term Tax Assets	-	100.2	58.1	32.2	3	-
Deferred Long-Term Charges	11.4	-	-	13.1	6.4	11.7
Other Long-Term Assets	262.1	382.3	327.7	297.5	238.8	150.86
Total Assets	12,800	16,549	16,941	17,084	13,494	11,207
Current Portion of Long-Term Debt	0.7	114.7	-	-	-	-
Current Portion of Leases	1.6	19.2	-	-	-	-
Long-Term Debt	4,359	7,595	8,145	7,537	5,672	4,757
Long-Term Leases	49.2	157.3	173.8	175.3	133.4	54.3
Accrued Expenses	282	310.1	313.7	396.3	237.5	148.44
Other Current Liabilities	131.4	122.6	118.2	111.3	98.4	86.99
Long-Term Deferred Tax Liabilities	-	367.2	335.2	340.8	20.7	20.55
Other Long-Term Liabilities	870.1	670.2	682.1	635.1	601.7	511.91
Total Liabilities	5,694	9,357	9,768	9,196	6,764	5,579
Common Stock	1.2	1.3	1.2	1.2	1.2	1.08
Additional Paid-In Capital	9,573	9,864	9,467	9,550	8,176	7,088
Distributions in Excess of Earnings	-2,615	-2,776	-2,398	-1,731	-1,556	-1,567
Comprehensive Income & Other	25.9	-7.9	12.2	-9.9	3.1	3.18
Total Common Equity	6,985	7,082	7,083	7,810	6,624	5,525
Minority Interest	121	111.1	90.2	78.7	106.7	102.05
Shareholders' Equity	7,106	7,193	7,173	7,889	6,731	5,627
Total Liabilities & Equity	12,800	16,549	16,941	17,084	13,494	11,207
Total Debt	4,411	7,887	8,319	7,712	5,805	4,811
Net Cash (Debt)	-3,867	-7,833	-8,278	-7,607	-5,739	-4,734
Net Cash Per Share	-30.57	-61.58	-66.86	-61.90	-49.86	-48.55
Filing Date Shares Outstanding	123.67	127.38	124.41	124.1	115.96	107.62
Total Common Shares Outstanding	123.61	127.44	124.44	124.04	115.98	107.63
Book Value Per Share	56.51	55.57	56.92	62.96	57.11	51.34
Tangible Book Value	6,879	6,192	5,980	6,389	5,822	4,791
Tangible Book Value Per Share	55.65	48.59	48.06	51.51	50.20	44.51
Land	3,388	4,511	4,278	4,322	2,556	2,119
Buildings	897.8	834.1	744.4	645.2	591.7	637.6

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.