SUN COMMUNITIES INC (SUI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 28, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 2.82% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
120M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

SUI currently has 123M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 2.82% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 28, 2026

10-Q filing | 122.6M shares outstanding

120M 0
Oct 30, 2025

10-Q filing | 123.9M shares outstanding

120M 0
Jul 31, 2025

10-Q filing | 126.4M shares outstanding

130M 0
May 06, 2025

10-Q filing | 126.6M shares outstanding

130M 0
Feb 28, 2025

10-K filing | 127.2M shares outstanding

130M 0
Nov 07, 2024

10-Q filing | 124.0M shares outstanding

120M 0
Nov 07, 2024

8-K filing: John B. McLaren was appointed President of Sun Communities, Inc. on November 6, 2024, and Gary A. Shiffman, Chairman of the Board and Chief Executive Officer, announced his intent to retire as CEO following the appointment of his successor. Also, the Company granted Mr. McLaren 50,000 shares of restricted common stock.

120M 0
Oct 01, 2024

8-K filing: Sun Communities Operating Limited Partnership issued 243,273 common OP units at $129.50 per unit as consideration for the contribution of certain assets.

120M 0
Aug 01, 2024

10-Q filing | 123.7M shares outstanding

120M 0
May 02, 2024

10-Q filing | 123.6M shares outstanding

120M 0
Apr 03, 2024

8-K filing: Sun Communities Operating Limited Partnership issued 19,326 common OP units at $130.9799 per unit as consideration for the contribution of certain assets.

120M 0
Mar 21, 2024

8-K filing: Sun Communities Operating Limited Partnership issued 4,452 common OP units at $131.951 per unit as consideration for assets contributed to the partnership.

120M 0
Feb 28, 2024

10-K filing | 123.8M shares outstanding

120M 0
Jan 03, 2024

8-K filing: Sun Communities Operating Limited Partnership issued 20,000 Series L Preferred Units at $100 per unit on December 31, 2023, in exchange for assets. ($2.0M proceeds)

120M 0
Oct 26, 2023

10-Q filing | 123.5M shares outstanding

120M 0
Jul 27, 2023

10-Q filing | 123.4M shares outstanding

120M 0
Apr 27, 2023

10-Q filing | 123.3M shares outstanding

120M 0
Apr 05, 2023

8-K filing: Sun Communities, Inc. filed a prospectus supplement to register the resale from time to time by certain selling stockholders of up to 588,236 shares of the Company's common stock.

120M 0
Mar 27, 2023

8-K filing: Sun Communities Operating Limited Partnership issued 1,000,000 Series K Preferred Units at $100 per unit for assets contributed to SCOLP. ($100.0M proceeds)

120M 0
Feb 23, 2023

10-K filing | 122.9M shares outstanding

120M 0
Jan 10, 2023

8-K filing: On January 10, 2023, Sun Communities Operating Limited Partnership issued 31,289 common OP units at $142.108 per unit as consideration for assets contributed to the Operating Partnership.

120M 0
Oct 25, 2022

10-Q filing | 122.8M shares outstanding

120M 0
Jul 26, 2022

10-Q filing | 120.0M shares outstanding

120M 0
May 19, 2022

8-K filing: Sun Communities Operating Limited Partnership issued 10,854 common OP units at $180.0181 per unit as consideration for assets contributed to SCOLP.

120M 0
May 06, 2022

8-K filing: Sun Communities Operating Limited Partnership issued 5,605 common OP units at $178.3908 per unit as consideration for assets.

120M 0
Apr 26, 2022

10-Q filing | 115.9M shares outstanding

120M 0
Feb 22, 2022

10-K filing | 115.1M shares outstanding

120M 0
Feb 03, 2022

8-K filing: Sun Communities Operating Limited Partnership issued 14,683 common OP units at $194.0973 per unit as consideration for the contribution of certain assets.

120M 0
Dec 29, 2021

8-K filing: Sun Communities Operating Limited Partnership issued 17,707 common OP units at $197.661 per unit on December 22, 2021, as consideration for assets contributed to SCOLP. ($3.5M proceeds)

120M 0
Nov 18, 2021

8-K filing: Sun Communities, Inc. completed an offering of 4,025,000 shares of common stock at a public offering price of $185.00 per share on November 18, 2021.

120M 0
Oct 26, 2021

10-Q filing | 115.1M shares outstanding

120M 0
Oct 18, 2021

8-K filing: On October 18, 2021, Aaron Weiss began serving as Executive Vice President of Corporate Strategy and Business Development and was granted 11,488 restricted shares of the Company's common stock, vesting in equal annual increments over a five-year period.

110M 0
Jul 27, 2021

10-Q filing | 112.1M shares outstanding

110M 0
Apr 27, 2021

10-Q filing | 108.2M shares outstanding

110M 0
Apr 23, 2021

8-K filing: Sun Communities Operating Limited Partnership issued 240,000 Series J Preferred Units at $100 per unit as consideration for the contribution of certain assets. ($24.0M proceeds)

98M 0
Mar 09, 2021

8-K filing: Sun Communities, Inc. completed an offering of 8,050,000 shares of its common stock at a price of $140.00 per share on March 9, 2021, which included 4,000,000 shares sold directly by the Company, 3,000,000 shares offered by a forward seller, and 1,050,000 shares from the exercise of an option.

98M 0
Feb 18, 2021

10-K filing | 97.5M shares outstanding

98M 0
Jan 04, 2021

8-K filing: Sun Communities Operating Limited Partnership issued 922,000 Series I Preferred Units at $100 per unit and 130,475 common OP units at $141.3294 per unit on December 31, 2020, as consideration for the contribution of certain assets. ($110.64M proceeds)

98M 0
Oct 22, 2020

10-Q filing | 97.5M shares outstanding

98M 0
Oct 06, 2020

8-K filing: Sun Communities Operating Limited Partnership issued 260,710 Series G Preferred Units at $100 per unit as consideration for the contribution of certain assets. ($26.07M proceeds)

96M 0
Oct 05, 2020

8-K filing: Sun Communities, Inc. closed a public offering of 9,200,000 shares of common stock at a price of $139.50 per share on October 5, 2020, which includes the full exercise of an option to purchase 1,200,000 additional shares.

96M 0
Jul 23, 2020

10-Q filing | 96.2M shares outstanding

96M 0
Jul 02, 2020

8-K filing: Sun Communities, Inc. filed a prospectus supplement to register the resale from time to time by certain selling stockholders of up to 529,836 shares of the Company's common stock.

93M 0
May 18, 2020

8-K filing: Sun Communities Operating Limited Partnership issued 90,000 Series F Preferred Units at $100 per unit in consideration for the contribution of certain assets. ($9.0M proceeds)

93M 0
May 01, 2020

8-K filing: Sun Communities, Inc. completed an offering of 4,320,000 shares of its common stock at a price of $127.4390 per share, with the underwriters exercising their option to purchase an additional 648,000 shares.

93M 0
Apr 23, 2020

10-Q filing | 92.9M shares outstanding

93M 0
Feb 20, 2020

10-K filing | 88.5M shares outstanding

88M 0
Jan 13, 2020

8-K filing: Sun Communities Operating Limited Partnership issued 90,000 Series E Preferred Units at $100 per unit as consideration for the contribution of certain assets. ($9.0M proceeds)

N/A 0
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