−15% below 5y medianP/Cash FFO vs. its own five years
10-year Treasury · Oct 26, 20265.00%2-year 4.68%
Board median yield4.2%trailing dividends ÷ last close
Yield spread to the 10-year−0.79 ptREITs yield less than the bond: paying for growth
Board median P/Cash FFO16.4×five-year median 16.7× · −2%
Lights on0 of 3prices Oct 26, 2026 · TTM through Sep 30, 2026
Where it has traded
quarter-end P/Cash FFO · 19 quarters · Dec 31, 2021 → Jun 30, 2026
Five-year median 19.2×, middle half 18.4–23.2×, range 16.3–31.8×. Now 16.4×: −15% below its own median, higher than 5% of those quarters.Each quarter priced at its own trailing Cash FFO per share · the band is the 25th–75th percentile
Where the cash goes
TTM through Jun 30, 2026 · $B
Cash FFO 0.93B = net income -1.17B + depreciation 0.51B + 1.58B other non-cash items · dividends 0.56B · retained 0.37B
Against its type
SUI (blue) vs. the other Residential REITs on the board (4), grey
P/Cash FFO16.4× vs. 15.2×
Dividend yield3.7% vs. 4.4%
Cash FFO payout60% vs. 67%
Net debt / EBITDA3.9× vs. 5.0×
Interest cover6.5× vs. 5.2×
EBITDA margin49% vs. 58%
Type averages are the plain mean of the other REITs of the same property type with a usable window.
Quarter by quarter
8 quarters · Dec 31, 2024 → Sep 30, 2026 · a gap is a dropped quarter