Sun CommunitiesSUI -1.74%74 Gross Margin % is 51.41% as of Mar. 2026, which is 5% below its 10-year median of 53.92. GuruFocus rates SUI with a GF Score™ of 74/100 and a GF Value™ of $131.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 680 REITs companies, Sun Communities ranks worse than 81.91% on this metric.
The historical rank and industry rank for Sun Communities's Gross Margin % or its related term are showing as below:
SUI'
s Gross Margin % Range Over the Past 10 Years
Min: 48.25 Med: 53.92 Max: 56.37
Current: 52.28
During the past 13 years, the highestGross Margin % of Sun Communities was 56.37%. The lowest was 48.25%. And the median was 53.92%.
SUI's Gross Margin % is ranked worse than 81.91% of 680
companies
in the REITs industry
Industry Median: 69.61
vs SUI: 52.28
Sun Communities had a gross margin of 51.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Sun Communities was -0.50% per year.
Sun Communities (NYSE:SUI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Sun Communities had a gross margin of 51.41% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Sun Communities Gross Margin % Related Terms
Sun Communities Gross Margin % Historical Data
* Premium members only.
The historical data trend for Sun Communities's Gross Margin % 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.
For the REIT - Residential subindustry, Sun Communities's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Sun Communities's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Sun Communities's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Sun Communities (SUI) has a Gross Margin % of 51.41% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sun Communities and its competitors. This is near median its historical median of 53.92. Over the past decade, Sun Communities' Gross Margin % has ranged from 48.25 to 56.37. According to the industry distribution chart, Sun Communities ranks #557 out of 680 companies in the REITs industry, placing it in the top 81.9%.
Is Sun Communities' Gross Margin % too high?
Sun Communities' current Gross Margin % of 51.41% is near median its 10-year median of 53.92. Over the past 10 years, this metric has ranged from a low of 48.25 to a high of 56.37. The REITs industry median Gross Margin % is 69.61. Sun Communities' value of 51.41% is 26.1% below this industry median. Based on the distribution chart, Sun Communities ranks #557 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Sun Communities has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sun Communities' Gross Margin % compare to MAA and INVH?
According to the REITs industry distribution chart, Sun Communities ranks #557 out of 680 companies for Gross Margin %. This places Sun Communities in the lower half of its industry. The industry median Gross Margin % is 69.61. Sun Communities' value of 51.41% is 26.1% below this benchmark. Historically, Sun Communities' own Gross Margin % has ranged from 48.25 to 56.37 over the past decade. While the company's 10-year median is 53.92 vs. the industry median of 69.61, Sun Communities has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.61, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sun Communities's current Gross Margin % of 51.41% is 26.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Sun Communities and its competitors. For the REITs industry, the median Gross Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Communities's current Gross Margin % is 51.41%, which is near median its own 10-year median of 53.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Communities stock overvalued right now?
Based on GuruFocus' analysis, Sun Communities (SUI) is currently considered Modestly Undervalued. The stock's GF Value™ is $131.42, compared to a current price of $117.85 — trading 10.3% below its estimated fair value. The current Gross Margin % is 51.41%, which is near median its 10-year median of 53.92 and 26.1% below the REITs industry median of 69.61. Sun Communities' overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Sun Communities (SUI), the current Gross Margin % is 51.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sun Communities (SUI) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Communities stock appears to be undervalued.
The current stock price of $117.85 is trading 10.3% below its estimated GF Value™ of $131.42.
GuruFocus considers Sun Communities to be Modestly Undervalued.
Key valuation signals for SUI:
Gross Margin %: 51.41% (near median its 10-year median of 53.92)
GF Value™: $131.42 vs. price of $117.85 (10.3% below fair value)
Industry Position: 26.1% below the REITs median (#557 of 680)
No single metric tells the full story. See the SUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Communities is a residential REIT that focuses on owning manufactured housing and residential vehicle communities. The company currently owns a portfolio of 513 properties, which includes 347 manufactured housing communities and 166 residential vehicle communities. 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.
74GF Score
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