Sun Communities (FRA:SCZ) Dividend Payout Ratio: 23.07 (As of Mar. 2026) — 1004% Above Median

What is Sun Communities Dividend Payout Ratio?

Sun Communities FRA:SCZ +1.92% 63 Dividend Payout Ratio is 23.07 as of Mar. 2026, which is 1004% above its 10-year median of 2.09. GuruFocus rates FRA:SCZ with a GF Score™ of 63/100 and a GF Value™ of €114.90 (Fairly Valued). The stock has 6 warning signs investors should review. Among 718 REITs companies, Sun Communities ranks worse than 77.72% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Sun Communities's Dividend Payout Ratio for the months ended in Mar. 2026 was 23.07.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sun Communities Inc is 1.73, which seems too high.

The historical rank and industry rank for Sun Communities's Dividend Payout Ratio or its related term are showing as below:

FRA:SCZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.3 Med: 2.09 Max: 5.98
Current: 1.74

During the past 13 years, the highest Dividend Payout Ratio of Sun Communities was 5.98. The lowest was 1.30. And the median was 2.09.

FRA:SCZ's Dividend Payout Ratio is ranked worse than
77.72% of 718 companies
in the REITs industry
Industry Median: 0.99 vs FRA:SCZ: 1.74

As of today (2026-06-27), the Dividend Yield % of Sun Communities is 3.41%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Sun Communities was 3.66%. The lowest was 1.55%. And the median was 2.78%.

Sun Communities's Dividends per Share for the months ended in Mar. 2026 was €0.97.

During the past 12 months, Sun Communities's average Dividends Per Share Growth Rate was 12.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sun Communities was 187.00% per year. The lowest was -11.70% per year. And the median was 3.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Sun Communities (FRA:SCZ) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Sun Communities Dividend Payout Ratio Related Terms

Sun Communities Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Sun Communities's Dividend Payout Ratio 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.

Sun Communities Dividend Payout Ratio Chart

Sun Communities Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

1.46

1.30

5.98

5.60

1.76

Sun Communities Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	5.13	0.89	1.01	23.07

FRA:SCZ vs MAA, INVH, ESS: Dividend Payout Ratio Comparison

For the REIT - Residential subindustry, Sun Communities's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs REITs Industry

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

* The bar in red indicates where Sun Communities's Dividend Payout Ratio falls into.

Save Embed

63GF Score

Sun Communities Inc FRA:SCZ

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Sun Communities Dividend Payout Ratio Calculation

Sun Communities's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	3.467	/	1.969
	=	1.76

Sun Communities's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.969	/	0.042
	=	23.07

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 23.07 mean?

Sun Communities (FRA:SCZ) has a Dividend Payout Ratio of 23.07 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Sun Communities and its competitors. This is 1004% above median its historical median of 2.09. Over the past decade, Sun Communities' Dividend Payout Ratio has ranged from 1.30 to 5.98. According to the industry distribution chart, Sun Communities ranks #558 out of 718 companies in the REITs industry, placing it in the top 77.7%.

Is Sun Communities' Dividend Payout Ratio too high?

Sun Communities' current Dividend Payout Ratio of 23.07 is 1004% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 5.98. The REITs industry median Dividend Payout Ratio is 0.99. Sun Communities' value of 23.07 is 2230.3% above this industry median. Based on the distribution chart, Sun Communities ranks #558 out of 718 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Sun Communities has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Sun Communities' Dividend Payout Ratio compare to MAA and INVH?

According to the REITs industry distribution chart, Sun Communities ranks #558 out of 718 companies for Dividend Payout Ratio. This places Sun Communities in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Sun Communities' value of 23.07 is 2230.3% above this benchmark. Historically, Sun Communities' own Dividend Payout Ratio has ranged from 1.30 to 5.98 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 0.99, Sun Communities has consistently been above 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sun Communities's current Dividend Payout Ratio of 23.07 is 2230.3% above 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Sun Communities and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Communities's current Dividend Payout Ratio is 23.07, which is 1004% above median its own 10-year median of 2.09. 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 (FRA:SCZ) is currently considered Fairly Valued. The stock's GF Value™ is €114.90, compared to a current price of €106.00 — trading 7.7% below its estimated fair value. The current Dividend Payout Ratio is 23.07, which is 1004% above median its 10-year median of 2.09 and 2230.3% above the REITs industry median of 0.99. Sun Communities' overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Sun Communities (FRA:SCZ), the current Dividend Payout Ratio is 23.07 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 (FRA:SCZ) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Communities stock appears to be undervalued. The current stock price of €106.00 is trading 7.7% below its estimated GF Value™ of €114.90. GuruFocus considers Sun Communities to be Fairly Valued.

Key valuation signals for FRA:SCZ:

Dividend Payout Ratio: 23.07 (1004% above median its 10-year median of 2.09)
GF Value™: €114.90 vs. price of €106.00 (7.7% below fair value)
GF Score™: 63/100 with 6 warning signs
Industry Position: 2230.3% above the REITs median (#558 of 718)

No single metric tells the full story. See the FRA:SCZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sun Communities Business Description

Industry Real Estate REITs

Comparable Companies MAA INVH ESS UDR ELS AMH CPT EQR JAN MRP AVB DFM:DUBAIRESI TSX:CAR.UN IRT XPAR:ALTA TSE:3269 TSX:BEI.UN TSE:3226 VRE FRA:WY4

Other Exchanges SUI:USA S2UI34:Brazil

Address 27777 Franklin Road, Suite 300, Southfield, MI, USA, 48034

Website https://www.suninc.com

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.

63GF Score

Get the complete analysis for FRA:SCZ

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€106.00

Price

€114.90

GF Value

View FRA:SCZ Analysis

See Dividend Payout Ratio data for all stocks →