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Sun Communities (Sun Communities) Cyclically Adjusted Revenue per Share : $18.48 (As of Dec. 2023)


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What is Sun Communities Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Sun Communities's adjusted revenue per share for the three months ended in Dec. 2023 was $5.775. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $18.48 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sun Communities's average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Sun Communities was 11.10% per year. The lowest was -0.70% per year. And the median was 3.80% per year.

As of today (2024-04-27), Sun Communities's current stock price is $119.08. Sun Communities's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $18.48. Sun Communities's Cyclically Adjusted PS Ratio of today is 6.44.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sun Communities was 14.44. The lowest was 2.92. And the median was 6.96.


Sun Communities Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Sun Communities's Cyclically Adjusted Revenue per Share 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.

* Premium members only.

Sun Communities Cyclically Adjusted Revenue per Share Chart

Sun Communities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.64 13.69 15.08 16.92 18.48

Sun Communities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.92 17.29 17.81 18.38 18.48

Competitive Comparison of Sun Communities's Cyclically Adjusted Revenue per Share

For the REIT - Residential subindustry, Sun Communities's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sun Communities's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Sun Communities's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Sun Communities's Cyclically Adjusted PS Ratio falls into.



Sun Communities Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Sun Communities's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.775/129.4194*129.4194
=5.775

Current CPI (Dec. 2023) = 129.4194.

Sun Communities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.938 99.695 3.814
201406 2.836 100.560 3.650
201409 3.080 100.428 3.969
201412 2.484 99.070 3.245
201503 2.859 99.621 3.714
201506 3.044 100.684 3.913
201509 3.380 100.392 4.357
201512 2.922 99.792 3.790
201603 2.937 100.470 3.783
201606 2.874 101.688 3.658
201609 3.547 101.861 4.507
201612 2.936 101.863 3.730
201703 3.142 102.862 3.953
201706 3.098 103.349 3.879
201709 3.329 104.136 4.137
201712 2.982 104.011 3.710
201803 3.180 105.290 3.909
201806 3.322 106.317 4.044
201809 3.876 106.507 4.710
201812 3.054 105.998 3.729
201903 3.284 107.251 3.963
201906 3.512 108.070 4.206
201909 3.960 108.329 4.731
201912 3.204 108.420 3.825
202003 3.332 108.902 3.960
202006 3.136 108.767 3.731
202009 4.079 109.815 4.807
202012 3.661 109.897 4.311
202103 4.061 111.754 4.703
202106 5.362 114.631 6.054
202109 5.772 115.734 6.455
202112 4.580 117.630 5.039
202203 4.674 121.301 4.987
202206 6.725 125.017 6.962
202209 7.503 125.227 7.754
202212 5.277 125.222 5.454
202303 5.070 127.348 5.152
202306 6.884 128.729 6.921
202309 7.838 129.860 7.811
202312 5.775 129.419 5.775

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Sun Communities  (NYSE:SUI) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Sun Communities's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=119.08/18.48
=6.44

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sun Communities was 14.44. The lowest was 2.92. And the median was 6.96.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Sun Communities Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Sun Communities's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Sun Communities (Sun Communities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (NYSE:SUI) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
27777 Franklin Road, Suite 200, Southfield, MI, USA, 48034
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

Sun Communities (Sun Communities) Headlines