What is Sun Communities Inc worth?
With the base-case assumptions below, a discounted cash flow model on Sun Communities Inc's reported free cash flow gives $87.89 per share. The share price was $119.49 on November 10, 2026, 36% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 5.5% | 10.0% | $56.70 | -53% |
| Base | 10.5% | 9.0% | $87.89 | -26% |
| Bull | 15.5% | 8.0% | $150.06 | +26% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $111.49 | $118.76 | $127.66 | $138.78 | $153.07 |
| 8.0% | $93.82 | $98.54 | $104.12 | $110.81 | $118.99 |
| 9.0% | $80.94 | $84.17 | $87.89 | $92.24 | $97.37 |
| 10.0% | $71.15 | $73.45 | $76.05 | $79.02 | $82.45 |
| 11.0% | $63.47 | $65.15 | $67.03 | $69.15 | $71.55 |
Where the presets come from
Base: years 1 to 5 grow at Sun Communities Inc's revenue growth rate over the last 5 fiscal years (10.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions