Sun Communities, Inc. (NYSE: SUI) is a leading real estate investment trust (REIT) specializing in manufactured housing communities, RV resorts, and marinas. With a diverse portfolio across the United States and Canada, Sun Communities provides affordable, high-quality living options, catering to a wide range of residents and vacationers.
Key Takeaways:
- Sun Communities’ stock price is expected to show consistent growth over the forecast period.
- The company’s focus on manufactured housing and RV resorts positions it well for future market trends.
- Long-term investors may find SUI an attractive option for portfolio growth and income.
- Our analysis predicts a significant increase in stock value by 2050, reaching $4100.
- Factors such as real estate market conditions, interest rates, and demographic shifts will play crucial roles in SUI’s performance.
Overview of Sun Communities, Inc.
Sun Communities, Inc. (NYSE: SUI) has evolved significantly since its 1975 founding. Originally focused on manufactured housing and RV communities, the company went public as a REIT in 1993. Through strategic acquisitions, Sun expanded its portfolio, notably adding RV resorts in 1996 and making major purchases in 2016, 2020, and 2022.
Today, Sun Communities has a diverse portfolio spanning the US, Canada, and the UK. Its holdings include manufactured housing communities, RV resorts, and marinas, totaling over 660 properties with nearly 182,000 developed sites and more than 48,000 boat slips and storage spaces.
Sun Communities, Inc. Company Profile
| Country | United States |
| Ticker Symbol | SUI |
| Exchange | NYSE |
| Founded | 1975 |
| IPO Date | 1993 |
| Industry | REIT – Residential |
| Sector | Real Estate |
| Employees | 6,757 |
| CEO | Gary A. Shiffman |
| Market Cap (August 16, 2024) | $16.39 billion |
| Website | suncommunities |
Sun Communities, Inc. (SUI) Balance Sheet Analysis
Sun Communities, Inc. (NYSE: SUI) reported a robust balance sheet for the year ending December 31, 2023. The company’s total assets stood at $16.94 billion, reflecting its substantial real estate portfolio and investments.
Total liabilities amounted to $9.77 billion, while total equity reached $7.17 billion. This capital structure demonstrates a balanced approach to financing, with a mix of debt and equity.
The company’s debt position was $7.78 billion, supporting its growth and acquisition strategies. Common stock equity was $7.08 billion, with no preferred stock equity reported. Net tangible assets were valued at $5.98 billion.
Sun Communities showed a negative working capital of $2.12 billion, indicating higher current liabilities than current assets. The company’s invested capital totaled $14.86 billion, with 124.44 million shares issued, underlining its significant market presence in the REIT sector.
Balance Sheet Data Source: finance.yahoo
Sun Communities, Inc. Stock Price History
Sun Communities, Inc. (NYSE: SUI) had its IPO in the year 1993. Sun Communities, Inc. (NYSE: SUI) reached its all-time high of $211.79 on December 31, 2021.
As of August 16, 2024, the price of Sun Communities stock stands at $131.50 USD.
SUI Stock Price Forecast 2024
In 2024, we anticipate Sun Communities stock to experience solid growth. The company’s strong fundamentals and strategic positioning in the manufactured housing market are expected to drive this increase.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $101.50 | $144.65 | $173.58 |
The projected growth rate for 2024 is approximately 10% from the current price.
Sun Communities is expected to benefit from the increasing demand for affordable housing options in 2024. The company’s focus on expanding its portfolio of manufactured housing communities and RV resorts is likely to attract more investors. Additionally, the potential for interest rate stabilization could positively impact REITs like SUI.
SUI Stock Price Forecast 2025
As we move into 2025, our analysis suggests continued upward momentum for SUI stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $144.65 | $163.45 | $212.49 |
The expected growth rate for 2025 is around 13% compared to the 2024 average price.
In 2025, Sun Communities is projected to capitalize on the growing trend of remote work and flexible living arrangements. This shift may drive increased demand for RV resorts and manufactured housing communities. The company’s strategic acquisitions and property improvements are expected to enhance its market position and attract a diverse range of residents.
SUI Stock Price Forecast 2026
2026 is projected to be another year of steady growth for Sun Communities stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $163.45 | $187.97 | $244.36 |
We forecast a growth rate of approximately 15% for 2026.
The year 2026 may see Sun Communities benefiting from demographic shifts, particularly as more millennials enter the housing market. The company’s affordable housing options could become increasingly attractive to this demographic. Additionally, potential government initiatives promoting affordable housing could create favorable conditions for SUI’s business model.
SUI Stock Price Forecast 2027
The upward trend is expected to continue in 2027, with SUI stock showing strong performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $187.97 | $210.53 | $252.64 |
The projected growth rate for 2027 is around 12% compared to the previous year.
In 2027, Sun Communities may see increased interest from investors seeking stable income streams. The company’s consistent dividend payments, coupled with potential property value appreciation, could make it an attractive option for both growth and income-focused portfolios. Expansion into new geographic markets may also contribute to SUI’s growth.
SUI Stock Price Forecast 2028
In 2028, we anticipate Sun Communities stock to maintain its positive momentum.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $210.53 | $239.00 | $310.70 |
The expected growth rate for 2028 is approximately 13.5%.
The year 2028 could see Sun Communities leveraging technological advancements to enhance its properties and operational efficiency. Implementation of smart home technologies in manufactured housing communities and improved amenities in RV resorts may attract a new generation of residents. This focus on innovation could strengthen SUI’s competitive edge in the market.
SUI Stock Price Forecast 2029
As we approach the end of the decade, our analysis suggests continued strong performance for SUI stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $239.00 | $274.85 | $329.82 |
We project a growth rate of about 15% for 2029.
In 2029, Sun Communities may benefit from increased environmental consciousness among consumers. The company’s efforts in sustainable development and energy-efficient housing options could resonate with environmentally aware residents and investors. This alignment with sustainability trends may contribute to both occupancy rates and stock performance.
SUI Stock Price Forecast 2030
Entering the new decade, Sun Communities stock is expected to show robust growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $274.85 | $309.21 | $402.00 |
The anticipated growth rate for 2030 is around 12.5%.
As we enter 2030, Sun Communities could see increased interest from international investors seeking exposure to the U.S. real estate market. The company’s diverse portfolio of properties across various states may offer an attractive entry point for global capital. Additionally, potential partnerships or joint ventures could open up new avenues for growth.
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SUI Stock Price Forecast 2031
In 2031, we expect SUI stock to continue its upward trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $309.21 | $348.89 | $418.67 |
The projected growth rate for 2031 is approximately 12.8%.
The year 2031 may see Sun Communities benefiting from advancements in modular construction techniques. These innovations could allow for faster and more cost-effective expansion of manufactured housing communities. The potential for increased profit margins and accelerated growth could make SUI an even more attractive investment option.
SUI Stock Price Forecast 2032
Our analysis suggests that 2032 will be another year of steady growth for Sun Communities stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $348.89 | $396.73 | $515.75 |
We forecast a growth rate of about 13.7% for 2032.
In 2032, Sun Communities could capitalize on the growing trend of “workamping” – a lifestyle combining work and RV living. As more professionals embrace mobile lifestyles, SUI’s RV resorts may see increased long-term occupancy rates. This shift could provide a steady revenue stream and potentially lead to expanded offerings tailored to this demographic.
SUI Stock Price Forecast 2033
As we move further into the 2030s, SUI stock is expected to maintain its strong performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $396.73 | $448.30 | $537.96 |
The anticipated growth rate for 2033 is around 13%.
2033 may see Sun Communities benefiting from increased urbanization and the resulting demand for affordable housing near city centers. The company’s expertise in maximizing land use could lead to innovative community designs that blend affordability with proximity to urban amenities. This could attract a new segment of residents and bolster SUI’s market position.
SUI Stock Price Forecast 2034
In 2034, we project continued upward momentum for Sun Communities stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $448.30 | $513.10 | $667.03 |
The expected growth rate for 2034 is approximately 14.5%.
By 2034, Sun Communities may have significantly expanded its international presence. Potential ventures into European or Asian markets could open up new growth opportunities and diversify the company’s revenue streams. This global expansion strategy could attract a broader base of investors and contribute to the stock’s continued appreciation.
SUI Stock Price Forecast 2035
Our analysis suggests that 2035 will be another year of robust growth for SUI stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $513.10 | $579.80 | $695.76 |
We project a growth rate of about 13% for 2035.
In 2035, Sun Communities could benefit from advancements in renewable energy technologies. Implementation of large-scale solar installations or other sustainable energy solutions across its properties may significantly reduce operational costs. This focus on sustainability could not only improve profitability but also align with the values of environmentally conscious residents and investors.
SUI Stock Price Forecast 2036
As we approach the mid-2030s, Sun Communities stock is expected to continue its strong performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $579.80 | $661.97 | $860.56 |
The anticipated growth rate for 2036 is around 14.2%.
2036 may see Sun Communities leveraging artificial intelligence and advanced data analytics to optimize its operations. Predictive maintenance, personalized resident experiences, and data-driven investment decisions could enhance efficiency and resident satisfaction. This technological edge could contribute to SUI’s competitive advantage and support continued stock appreciation.
SUI Stock Price Forecast 2037
In 2037, we expect SUI stock to maintain its upward trajectory.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $661.97 | $754.64 | $905.57 |
The projected growth rate for 2037 is approximately 14%.
By 2037, Sun Communities may have expanded its offerings to include more specialized communities catering to specific demographics or lifestyles. These could include wellness-focused communities for active seniors or eco-villages for environmentally conscious residents. This diversification strategy could help SUI capture new market segments and drive continued growth.
SUI Stock Price Forecast 2038
Our analysis suggests that 2038 will be another year of steady growth for Sun Communities stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $754.64 | $862.80 | $1,121.64 |
We forecast a growth rate of about 14.3% for 2038.
In 2038, Sun Communities could benefit from increased integration of smart city technologies in its properties. Partnerships with tech companies to create connected, efficient communities may enhance the appeal of SUI’s offerings. This focus on cutting-edge living environments could attract tech-savvy residents and position the company as a leader in modern community development.
SUI Stock Price Forecast 2039
As we near the end of the 2030s, SUI stock is expected to continue its strong performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $862.80 | $983.59 | $1,180.31 |
The anticipated growth rate for 2039 is around 14%.
2039 may see Sun Communities capitalizing on the growing trend of multigenerational living. The company could develop innovative community designs that accommodate extended families while maintaining privacy and independence. This approach could tap into changing family dynamics and cultural shifts, potentially expanding SUI’s market reach and supporting continued stock growth.
SUI Stock Price Forecast 2040
Entering the new decade, Sun Communities stock is projected to show robust growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $983.59 | $1,121.29 | $1,457.68 |
The expected growth rate for 2040 is approximately 14%.
By 2040, Sun Communities may have fully embraced the concept of “smart communities.” Integration of Internet of Things (IoT) devices, autonomous vehicles, and advanced community management systems could create highly efficient and desirable living environments. This technological leadership could differentiate SUI in the market and support its continued stock appreciation.
SUI Stock Price Forecast 2050
Looking further ahead to 2050, our long-term forecast predicts significant growth for SUI stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3,700.00 | $4,100.00 | $4,920.00 |
This projection represents a substantial increase from the 2040 price, with an average annual growth rate of about 13.9% over the decade.
By 2050, Sun Communities could be at the forefront of innovative housing solutions addressing global challenges such as climate change and resource scarcity. The company’s long-term vision and adaptability may have positioned it as a leader in sustainable, resilient community development. This forward-thinking approach could drive continued investor interest and support the stock’s robust performance.
Conclusion
Our comprehensive analysis of Sun Communities, Inc. (NYSE: SUI) stock price forecast from 2024 to 2050 reveals a promising outlook for long-term investors. We project the price to reach $4,100 in 2050 represents a significant increase in value, with a CAGR of 14.2%.
Several factors contribute to this positive outlook:
- Sun Communities’ strong position in the manufactured housing and RV resort markets
- The growing demand for affordable housing solutions
- The company’s strategic expansion and acquisition plans
- Potential demographic shifts favoring SUI’s business model
FAQs
1. What is the future of SUI share price?
Our forecast suggests a positive future for Sun Communities (SUI) share price. We project steady growth from $131.50 in 2024 to $4,100 by 2050, with an average annual growth rate of around 14%. However, it’s important to note that these are projections and actual performance may vary due to various market factors.
2. What is the SUI share prediction for 2030?
According to our forecast, the SUI share price in 2030 is expected to reach an average of $309.21, with a range between a low of $274.85 and a high of $402.00. This represents a significant increase from the 2024 price, reflecting our expectation of continued growth for the company.
3. What is the SUI 10 year outlook?
Our 10-year outlook for SUI (from 2024 to 2034) is positive. We project the stock price to grow from $144.65 in 2024 to $513.10 in 2034. This represents a substantial increase over the decade, driven by factors such as expansion of the company’s portfolio, demographic trends favoring affordable housing, and potential technological innovations in the sector.
4. Is SUI a buy, hold, or sell?
We believe SUI could be considered a buy for long-term investors, with a recommendation to hold for those already owning the stock. Sun Communities operates in the manufactured housing and RV resort sectors, which tend to provide stable cash flows and are relatively resilient during economic downturns. Increasing demand for affordable housing options and the growing popularity of RV lifestyles support SUI’s business model.
5. Who are the major competitors of SUI?
Sun Communities, Inc. (NYSE: SUI) is a leading real estate investment trust (REIT) that primarily focuses on manufactured housing communities, RV resorts, and marinas. Some of the major competitors of Sun Communities in the REIT sector, especially those focusing on similar property types, include:
- Equity LifeStyle Properties, Inc. (NYSE: ELS):
A REIT that owns and operates manufactured home communities, RV resorts, and campgrounds across the United States and Canada. It is one of the closest competitors to Sun Communities in terms of property type and market reach. - UMH Properties, Inc. (NYSE: UMH):
UMH focuses on manufactured home communities, primarily in the northeastern United States. While smaller than Sun Communities, UMH is a significant player in the manufactured housing sector. - Cavco Industries, Inc. (NASDAQ: CVCO):
Although Cavco is primarily a manufacturer of modular homes and not a REIT, it is still a competitor in the broader manufactured housing sector. - MHC REITs and private operators:
There are other smaller REITs and private companies that own and operate manufactured housing communities and RV parks, such as Hometown America and RHP Properties, though they might not be publicly traded. - Other diversified REITs:
Some diversified REITs, like American Homes 4 Rent (NYSE: AMH), though primarily focused on single-family rentals, might be considered competitors in the broader residential REIT space.
These companies operate in the same or related sectors as Sun Communities, competing for similar assets and customers in the manufactured housing and RV resort markets.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
