Flagship Communities REIT Investment Trust (TSE:MHC.UN) has released an update.
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Flagship Communities REIT reported a significant boost in rental revenue and net operating income for the third quarter of 2024, showcasing a robust performance compared to the previous year. Despite a slight decline in net income, the company increased its monthly cash distribution to unitholders by 5%, marking its fourth consecutive annual increase. The REIT’s occupancy rates have also improved, reflecting positive growth in its operations.
For further insights into TSE:MHC.UN stock, check out TipRanks’ Stock Analysis page.
