• Sun Communities average return on tangible equity for 2023 was -0.88, a 119.01% decline from 2022.
• Sun Communities average return on tangible equity for 2022 was 4.63, a 9.22% decline from 2021.
• Sun Communities average return on tangible equity for 2021 was 5.1, a 57.89% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.