SUN COMMUNITIES INC

Real Estate Investment Trusts·SOUTHFIELD, MI·FY end 05/13·CIK 912593

CEO Pay Ratio

302:1

Gary A. Shiffman

CEO Total Comp

$12.5M

Gary A. Shiffman

Median Employee

$32,652

Revenue

$2.3B

FY 2025

Net Income

$1.4B

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

61.3%

Insider Net (180d)

-$1.9M

0 buys / 4 sales

CEO Pay Accountability

CEO comp as % of net income

0.89%

For every $1,000 of profit, $8.88 flows to the CEO.

CEO comp as % of buybacks

2.33%

CEO comp equals 23.3‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$2.3B	$3.2B	$726.7M	$3.0B	$2.3B
Gross Profit	—	—	—	—	—	—
Operating Income	—	—	—	—	—	—
Net Income	$1.4B	$103.6M	$120.1M	—	—
Operating CF	$864.2M	$861.0M	$790.5M	$734.9M	$753.6M
Capex	—	—	—	—	—	—
Free Cash Flow	—	—	—	—	—	—
Buybacks	$539.1M	—	—	—	—	—
Dividends	$131.5M	$122.3M	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	—	—	—	—	—	—
Net Margin	61.3%	3.2%	16.5%	—	—
FCF Margin	—	—	—	—	—	—
R&D / Revenue	—	—	—	—	—	—
Effective Tax	19.1%	—	—	—	—	—
Debt / Equity	—	1.04	1.10	0.93	0.00
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Gary A. ShiffmanChairman and former CEO	$900.0K	$7.4M	—	$3.3M	$995.0K	$12.5M
Aaron WeissExecutive Vice President, Chief Investment Officer	$575.0K	$4.3M	—	$2.1M	$483.6K	$7.5M
Fernando Castro-CaratiniExecutive Vice President, CFO, Treasurer and Secretary	$550.0K	$3.9M	—	$1.8M	$395.6K	$6.6M
John McLarenPresident and COO	$600.0K	$3.8M	—	$1.4M	$520.6K	$6.3M
Marc FarrugiaExecutive Vice President, Chief Administrative Officer	$506.4K	$3.5M	—	$1.7M	$336.9K	$6.1M
Charles D. YoungCEO	$218.7K	$7.9M	—	$1.7M	$9.9M	—