• Sun Communities average operating margin for 2023 was 10.35%, a 45.41% increase from 2022.
• Sun Communities average operating margin for 2022 was 18.96%, a 0.05% decline from 2021.
• Sun Communities average operating margin for 2021 was 18.97%, a 12.9% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.