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Investor Presentaiton

COMPELLING SUPPLY - DEMAND FUNDAMENTALS SUN SUN COMMUNITIES, INC. • Existing base of ~12 million registered boats within the U.S. and an estimated supply of 900K - 1 million leasable wet slips and dry storage racks Shrinking supply of Marinas due to redevelopment of waterfront properties Pre-owned boat sales under 30' grew by ~17% from 2012- 2021 whereas sales for boats over 30' increased ~52% 49% of Marinas within our portfolio offer service, which increases membership tenure on average by 20% compared to non-service properties Boat Registrations by Length (2014-2022 CAGR) Marinas • As boats become longer and wider, many marinas cannot keep up with increasing vessel size Recent example of wet slip reconfiguration at Safe Harbor Wickford Cove in North Kingston, Rhode Island demonstrates higher rate achievement: Before Wet Slip Reconfiguration - 2022 After Dock Slip Count: 67 Dock Slip Count: 62 • Berth Size: 25'- 100', Avg. 35' + 5 wet slips +7' Berth size 53% WA rental rate increase Average monthly rent for dock was $26/ft Berth Size: 25'- 100', Avg. 42' Average monthly rent for reconfigured dock is $39/ft CAGR 1.0% 0.7% 0.0% Portfolio average wet slip size: ~38' 0.3% Total for Safe Harbor Wickford Cove Average Wet Slip Rental Rate Increase 8.3% -1.3% 5.8% 3.0% 3.0% < 16' 16'-25'11" 26'-39'11" 40'-65' > 65' 2020 2021 2022 2023 Source: Company information, NMMA and U.S. Census Bureau. Refer to Sun Communities, Inc. Form 10-Q and Supplemental for the quarter ended September 30, 2023, as well as Press Releases and SEC Filings after September 30, 2023, for additional information. Refer to information regarding non-GAAP financial measures in the attached Appendix. 13
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