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Investor Presentaiton

NET INCOME TO NOI RECONCILIATION Three Months Ended Nine Months Ended Year Ended September 30, September 30, September 30, September 30, December 31, December 31, December 31, Brokerage commissions and other revenues, net Catastrophic event-related charges, net (amounts in millions) Net Income Attributable to SUI Common Shareholders Interest income General and administrative Business combination expense Depreciation and amortization Asset impairments 2023 2022 2023 2022 2022 2021 2020 $ 163.1 $ 162.6 $ 222.8 $ 237.3 $ 242.0 $ 380.2 $ 131.6 (15.2) (11.2) (40.6) (25.3) (35.2) (12.2) (10.1) (26.0) (10.8) (45.3) (27.4) (34.9) (30.2) (17.2) 66.2 69.1 192.4 187.0 256.8 181.3 109.5 (3.1) 12.2 (2.2) 12.3 17.5 2.2 0.9 8.4 3.0 23.9 24.7 1.4 23.0 162.6 149.7 482.3 447.7 601.8 522.7 376.9 1.2 1.6 10.1 2.3 3.0 - Loss on extinguishment of debt 4.0 4.4 4.4 8.1 5.2 Interest expense 84.1 61.7 239.9 162.2 229.8 158.6 129.1 Interest on mandatorily redeemable preferred OP units / equity 0.8 1.0 2.7 3.1 4.2 4.2 4.2 (Gain)/loss on remeasurement of marketable securities (6.1) 7.2 8.0 74.0 53.4 (33.5) (6.1) (Gain) / loss on foreign currency exchanges 6.5 (14.9) 6.5 (21.7) (5.4) 3.7 (7.7) (Gain) / loss on disposition of properties Other (income) / expense, net (Gain) loss on remeasurement of notes receivable Income from nonconsolidated affiliates Current tax expense 0.7 0.8 2.9 (12.5) (12.2) (108.1) (5.6) 3.7 (2.8) 5.5 (2.6) 2.1 12.1 5.2 1.3 0.1 3.1 (0.1) 0.8 (0.7) 3.3 (1.4) (2.0) (0.5) (3.8) (2.9) (4.0) (1.7) (Gain) / loss on remeasurement of investment in nonconsolidated 0.4 4.5 (0.1) 2.7 0.2 1.6 4.6 7.3 13.9 12.5 10.3 1.2 0.8 Deferred tax expense / (benefit) (2.3) (3.6) (14.6) (3.9) (4.2) 0.1 (1.6) Add: Preferred return to preferred OP units / equity interests 3.3 2.5 9.0 8.6 11.0 12.1 6.9 Add: Income attributable to noncontrolling interests ΝΟΙ $ 14.0 458.0 $ 11.9 455.2 $ 13.2 1,116.6 13.9 10.8 21.5 8.9 $ 1,091.8 $ 1,380.5 $ 1,120.9 $ 757.1 Three Months Ended September 30, 2023 September 30, 2022 September 30, 2023 Nine Months Ended September 30, 2022 December 31, 2022 Year Ended December 31, 2021 December 31, 2020 Real Property NOI $ Home Sales NOI Service, retail dining and entertainment NOI ΝΟΙ $ 394.0 37.3 26.7 458.0 $ $ 371.6 54.3 29.3 455.2 $ 966.3 101.8 $ $ 48.5 1,116.6 909.2 122.9 59.7 $ 1,167.0 154.6 58.9 $ 1,002.6 $ 721.3 74.4 28.6 43.9 7.2 $ 1,091.8 $ 1,380.5 $ 1,120.9 $ 757.1 SUN SUN COMMUNITIES, INC. Source: Company information. 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. 45 25
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