v3.26.1
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Lease Income $ 422.7 $ 398.9 $ 802.2 $ 750.1
Home sales 27.8 41.8 54.3 70.5
Ancillary 24.6 25.5 33.1 33.8
Interest 6.2 16.4 13.4 20.8
Brokerage commissions and other, net 3.3 13.3 5.0 14.9
Total Revenues 484.6 495.9 908.0 890.1
Expenses        
Property operating and maintenance 134.5 131.0 250.3 240.1
Real estate tax 27.6 26.5 54.9 51.3
Home costs and selling 24.5 35.0 49.4 59.5
Ancillary 17.2 18.1 26.3 26.8
General and administrative 49.9 50.6 108.5 97.6
Catastrophic event-related charges, net 0.8 0.4 1.3 0.3
Depreciation and amortization 123.9 117.3 245.3 232.0
Asset impairments (see Note 13) 17.9 33.4 18.2 57.4
Loss on extinguishment of debt 0.0 102.4 0.0 102.4
Interest 38.1 54.4 76.5 132.9
Total Expenses 434.4 569.1 830.7 1,000.3
Income / (Loss) Before Other Items 50.2 (73.2) 77.3 (110.2)
Gain / (loss) on foreign currency exchanges 13.3 39.4 (10.6) 48.1
Loss on dispositions of properties, net (22.0) (1.3) (20.9) (2.1)
Other income / (expense), net (0.1) 6.9 8.4 12.6
Loss on remeasurement of notes receivable (see Note 4) (2.9) (1.4) (2.8) (1.6)
Total Income from Nonconsolidated Affiliates 6.1 3.8 12.2 6.8
Loss on remeasurement of investment in nonconsolidated affiliates (1.7) (1.5) (1.5) (1.5)
Current tax expense 0.6 2.6 1.5 3.8
Deferred tax benefit / (expense) 0.0 (0.1) 0.1 0.0
Net Income / (Loss) from Continuing Operations 42.3 (30.0) 60.7 (51.7)
Income / (loss) from discontinued operations, net (see Note 2) (1,067.2) 1,360.3 (1,091.9) 1,340.4
Net Income / (Loss) (1,024.9) 1,330.3 (1,031.2) 1,288.7
Less: Preferred stock distribution 2.5 3.2 5.2 6.3
Less: Income / (loss) attributable to noncontrolling interests (34.7) 53.5 (35.0) 51.6
Net income / (oss) attributable to SUI common shareholders $ (992.7) $ 1,273.6 $ (1,001.4) $ 1,230.8
Weighted average common shares outstanding:        
Weighted average common shares outstanding - basic (in shares) 122.5 126.4 122.6 126.5
Diluted weighted average common shares outstanding - diluted (in shares) 127.0 126.4 127.4 126.5
Earnings per share:        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.65 $ (0.74) $ 0.78 $ (0.92)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (8.71) 10.76 (8.91) 10.60
Basic earning per share (in dollars per share) (8.06) 10.02 (8.13) 9.68
Income (Loss) from Continuing Operations, Per Diluted Share 0.32 (0.74) 0.47 (0.92)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share (8.40) 10.76 (8.57) 10.60
Diluted earning per share (in dollars per share) $ (8.08) $ 10.02 $ (8.10) $ 9.68