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Investor Presentaiton

SUN SUN COMMUNITIES, INC. SUN'S TRACK RECORD OF GROWTH Consistent, cycle-tested internal growth ā˜ Resilient demand, high barriers to entry, and Sun's investment and operational platform have resulted in consistent, and cycle tested organic cash flow growth For more than 20 years, every individual year or rolling 4-quarter period, Sun has recorded positive same property NOI growth Over the same period, Sun's average annual same property NOI growth was 5.1%, which is ~200bps greater than that of multifamily REITs of 3.1% Same Property NOI Growth Quarterly Year-over-Year Growth Since 2000 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% (5.0%) (10.0%) (15.0%) 3Q00 3Q01 3Q02 3Q03 3Q04 3Q05 3Q06 3Q07 3Q08 3Q09 3Q10 Sun Communities 3Q11 3Q12 3Q13 3Q14 3Q15 3Q16 3Q17 Multifamily REITS (1) 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 CAGR Since 2000 5.1% 3.2% 3.1% Source: Citi Research, September 2023. 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. Multifamily REITs includes AIRC, AVB, CPT, EQR, ESS, IRT, MAA and UDR. 1) 2) REIT Industry includes Healthcare, Industrial, Manufactured Housing, Multifamily, Mall, Office, Self Storage, Shopping Center, Single Family Rental, Student Housing and Diversified REITs. 14 Sun Communities Multifamily REITS (1) REIT Industry (2)
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