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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

A presentation of segment financial information is summarized as follows (in millions):

			Three Months Ended
			June 30, 2024																														June 30, 2023
																																	As Restated
			MH						RV						Marina						UK						Consolidated						MH						RV						Marina						UK						Consolidated
Operating revenues			$	290.8					$	182.0					$	266.8					$	107.9					$	847.5					$	275.1					$	187.7					$	261.0					$	115.8					$	839.6
Operating expenses / Cost of sales			119.6						96.9						174.8						71.5						462.8						111.8						98.6						172.9						77.7						461.0
NOI			$	171.2					$	85.1					$	92.0					$	36.4					$	384.7					$	163.3					$	89.1					$	88.1					$	38.1					$	378.6
Adjustments to arrive at net income
Interest income																											5.3																														14.0
Brokerage commissions and other revenues, net																											11.2																														9.8
General and administrative expense																											(65.3)																														(62.7)
Catastrophic event-related charges, net																											(2.3)																														0.1
Business combination expense, net																											(0.2)																														(0.2)
Depreciation and amortization																											(172.8)																														(164.1)
Asset impairments																											(11.6)																														(6.5)
Goodwill impairment																											—																														(309.7)
Interest expense																											(89.8)																														(79.2)
Interest on mandatorily redeemable preferred OP units / equity																											—																														(0.9)
Gain on remeasurement of marketable securities																											—																														5.8
Gain / (loss) on foreign currency exchanges																											(2.8)																														2.7
Gain / (loss) on dispositions of properties																											2.5																														(0.6)
Other expense, net																											(1.6)																														(0.8)
Loss on remeasurement of notes receivable																											(0.4)																														(0.1)
Income / (loss) from nonconsolidated affiliates (see Note 7)																											3.0																														(0.7)
Gain on remeasurement of investment in nonconsolidated affiliates																											0.1																														—
Current tax expense																											(5.3)																														(5.4)
Deferred tax benefit																											3.7																														7.7
Net Income / (Loss)																											58.4																														(212.2)
Less: Preferred return to preferred OP units / equity interests																											3.2																														3.2
Less: Income / (loss) attributable to noncontrolling interests																											3.1																														(7.8)
Net income / (Loss) Attributable to SUI Common Shareholders																											$	52.1																													$	(207.6)

			Six Months Ended
			June 30, 2024																														June 30, 2023
																																	As Restated
			MH						RV						Marina						UK						Consolidated						MH						RV						Marina						UK						Consolidated
Operating revenues			$	558.6					$	298.4					$	467.8					$	186.4					$	1,511.2					$	542.4					$	299.6					$	441.2					$	186.7					$	1,469.9
Operating expenses / Cost of sales			220.0						161.0						314.1						126.5						821.6						218.9						165.1						294.2						132.5						810.7
Net Operating Income / Gross Profit			$	338.6					$	137.4					$	153.7					$	59.9					$	689.6					$	323.5					$	134.5					$	147.0					$	54.2					$	659.2
Adjustments to arrive at net income
Interest income																											9.9																														25.4
Brokerage commissions and other revenues, net																											14.2																														19.3
General and administrative expense																											(143.8)																														(126.8)
Catastrophic event-related charges, net																											(9.5)																														(0.9)
Business combination expense, net																											(0.2)																														(3.0)
Depreciation and amortization																											(338.1)																														(319.7)
Asset impairments																											(32.3)																														(8.9)
Goodwill impairment																											—																														(325.1)
Loss on extinguishment of debt (see Note 9)																											(0.6)																														—
Interest expense																											(179.5)																														(155.8)
Interest on mandatorily redeemable preferred OP units / equity																											—																														(1.9)
Loss on remeasurement of marketable securities																											—																														(14.1)
Loss on foreign currency exchanges																											(1.7)																														—
Gain / (loss) on dispositions of properties																											7.9																														(2.2)
Other income / (expense), net																											6.4																														(1.8)
Loss on remeasurement of notes receivable																											(1.1)																														(1.8)
Income / (loss) from nonconsolidated affiliates (see Note 7)																											4.4																														(0.9)
Gain / (loss) on remeasurement of investment in nonconsolidated affiliates																											5.3																														(4.5)
Current tax expense																											(7.4)																														(9.3)
Deferred tax benefit																											9.4																														12.3
Net Income / (Loss)																											32.9																														(260.5)
Less: Preferred return to preferred OP units / equity interests																											6.4																														5.6
Less: Income / (loss) attributable to noncontrolling interests																											1.8																														(13.6)
Net Income / (Loss) Attributable to Sun Communities, Inc.																											$	24.7																													$	(252.5)

Schedule of Segment Assets

			June 30, 2024																														December 31, 2023(1)
			MH						RV						Marina						UK						Consolidated						MH						RV						Marina						UK						Consolidated
Identifiable Assets
Investment property, net			$	5,244.4					$	3,694.0					$	3,276.3					$	2,250.0					$	14,464.7					$	5,317.4					$	3,718.8					$	3,214.5					$	2,192.9					$	14,443.6
Cash, cash equivalents and restricted cash			53.2						28.3						7.0						15.7						104.2						20.1						11.8						6.4						4.4						42.7
Inventory of manufactured homes			94.0						22.6						—						65.7						182.3						103.1						24.3						—						78.2						205.6
Notes and other receivables, net			214.4						128.4						57.1						17.5						417.4						159.1						119.7						54.3						88.5						421.6
Collateralized receivables, net			54.3						—						—						—						54.3						56.2						—						—						—						56.2
Goodwill			—						9.5						541.5						180.7						731.7						—						9.5						541.5						182.0						733.0
Other intangible assets, net			11.9						27.6						244.4						70.3						354.2						14.3						29.0						252.2						74.0						369.5
Other assets, net			219.8						43.3						273.7						165.5						702.3						271.0						47.6						240.7						109.2						668.5
Total Assets			$	5,892.0					$	3,953.7					$	4,400.0					$	2,765.4					$	17,011.1					$	5,941.2					$	3,960.7					$	4,309.6					$	2,729.2					$	16,940.7

(1) Recast to reflect segment changes.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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