Sun Communities (Sun Communities) Interest Expense : $-329 Mil (TTM As of Dec. 2023)

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What is Sun Communities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sun Communities's interest expense for the three months ended in Dec. 2023 was $ -87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-329 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Sun Communities's Operating Income for the three months ended in Dec. 2023 was $ 74 Mil. Sun Communities's Interest Expense for the three months ended in Dec. 2023 was $ -87 Mil. Sun Communities's Interest Coverage for the quarter that ended in Dec. 2023 was 0.85. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sun Communities Interest Expense Historical Data

The historical data trend for Sun Communities's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sun Communities Interest Expense Chart

Sun Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-137.85

-133.25

-162.80

-234.00

-329.10

Sun Communities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-68.70	-77.60	-80.10	-84.90	-86.50

Sun Communities Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-329 Mil.

Sun Communities (NYSE:SUI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sun Communities's Interest Expense for the three months ended in Dec. 2023 was $-87 Mil. Its Operating Income for the three months ended in Dec. 2023 was $74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,712 Mil.

Sun Communities's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	73.5	/	-86.5
	=	0.85

The higher the ratio, the stronger the company's financial strength is.

Sun Communities (Sun Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (NYSE:SUI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SCZ:Germany S2UI34:Brazil

Address

27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034

Website

https://www.suncommunities.com

Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 670 properties, which includes 353 manufactured housing communities, 182 residential vehicle communities, and 135 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Executives

Baxter Underwood	officer: CEO - Safe Harbor Marinas, LLC	14785 PRESTON RD, 9TH FLOOR, DALLAS TX 75254
Marc Farrugia	officer: EVP & Chief Admin. Officer	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Jeff Blau	director
Bruce Thelen	officer: EVP	27777 FRANKLIN RD., STE. 200, SOUTHFIEL MI 48034
Clunet R Lewis	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Fernando Castro-caratini	officer: EVP, CFO, Sec. & Treas.	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
John Bandini Mclaren	officer: EVP & CFO	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Stephanie W Bergeron	director	27777 FRANKLIN ROAD, STE 200, SUN COMMUNITIES, INC, SOUTHFIELD MI 48034
Aaron Weiss	officer: EVP, Corp. Strat. & Bus. Dev.	27777 FRANKLIN RD., SUITE 200, SOUTHFIELD MI 48034
Gary A Shiffman	director, officer: Chrmn and CEO	27777 FRANKLIN ROAD, STE 200, SOUTHFIELD MI 48034
Karen Dearing	officer: EVP, CFO, Sec. & Treasurer	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Tonya Allen	director	2777 FRANKLIN RD., STE. 200, SOUTHFIELD MI 48034
Ronald A Klein	director	235 EAST MAIN STREET, MIDLAND MI 48640
Jonathan Colman	officer: EVP	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Brian M Hermelin	director	2064 D STREET, BELLEVILLE MI 48111