Flagship Communities REIT Investment Trust (TSE:MHC.UN) has released an update.
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Flagship Communities Real Estate Investment Trust reported a robust second quarter in 2024, with a significant 22.2% rise in rental revenue and a notable net income increase to $43.5 million, nearly doubling the previous year’s figure. The REIT expanded its portfolio by acquiring seven new properties and successfully completed a $60 million fundraising effort to support this growth. Additionally, they received multiple industry awards, underscoring their operational excellence.
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