SBAC vs. SUI: SBA Communications vs. Sun Communities Stock Comparison

Company Profile

SBA Communications (SBAC) and Sun Communities (SUI) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but SBAC is classified in Specialized REITs while SUI is classified in Residential REITs.

Both SBA Communications (SBAC) and Sun Communities (SUI) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Sun Communities (SUI) earns 4.89% on shareholders’ equity, ranked against its industry; SBA Communications (SBAC) has no ROE this period.

Neither SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs) nor Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs) and Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both SBA Communications (SBAC) at 5.06% and Sun Communities (SUI) at 0.77% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EPS growth isn't a meaningful figure for either SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs) or Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Sun Communities (SUI) at 3.07 carries current ratio above its industry’s typical mid-range, while SBA Communications (SBAC) at 0.19 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Only one side’s leverage can be read here: Sun Communities (SUI) carries debt-to-equity ratio of 0.72 against its industry range, while SBA Communications (SBAC) reports no figure this period.

Financial Strength Metrics

Dividends

Sun Communities (SUI) at 3.60% pays a yield in its industry’s typical range, while SBA Communications (SBAC) at 2.52% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs) nor Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs) or Sun Communities (SUI) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

On P/S ratio, both SBA Communications (SBAC) at 6.94 and Sun Communities (SUI) at 6.39 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

SBA Communications (SBAC) reports a negative P/B ratio of -4.09, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Sun Communities (SUI) reports 2.76, ranking against industry peers normally.

Valuation Metrics