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Flagship Communities REIT Investment Trust ( ($TSE:MHC.UN) ) has provided an announcement.
Flagship Communities REIT, a specialist in manufactured housing communities, reported strong growth in 2025 driven by rising rental revenue and stable operating metrics. The REIT continues to focus on affordable housing, leveraging the sector’s limited new supply and its cost advantage over traditional single-family homes and apartments.
For the fourth quarter, rental revenue rose 15.6% to $27.5 million and NOI increased 15.3% to $18.4 million, while net income jumped to $45.5 million, although diluted FFO and AFFO per unit were slightly lower on an unadjusted basis. For the full year, rental revenue climbed 17.3% to $103.4 million, FFO and AFFO per unit grew by low double digits, rent collections stayed above 99%, and two acquisitions totaling $79 million expanded its footprint in Indiana and Ohio.
Flagship ended 2025 with NAV of $804.8 million, or $31.93 per unit, up from $670.8 million and $26.71 per unit a year earlier, while maintaining a moderate debt-to-gross-book-value ratio of 39.2%. Portfolio occupancy dipped marginally to 82.9%, but same-community occupancy remained broadly stable, underscoring resilient demand for the REIT’s manufactured housing communities despite modest softness in utilization.
The most recent analyst rating on ($TSE:MHC.UN) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on Flagship Communities REIT Investment Trust stock, see the TSE:MHC.UN Stock Forecast page.
More about Flagship Communities REIT Investment Trust
Flagship Communities Real Estate Investment Trust is a Toronto-listed REIT focused on manufactured housing communities in the U.S. Midwest and surrounding regions. The trust generates rental revenue and related income from a portfolio of manufactured home communities, emphasizing affordable housing relative to traditional single-family and multi-family rental options.
Average Trading Volume: 3,782
Technical Sentiment Signal: Buy
Current Market Cap: C$671.4M
See more data about MHC.UN stock on TipRanks’ Stock Analysis page.