Flagship REIT Reports Strong Q1 Growth and Expansion

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has released an update.

Flagship Communities Real Estate Investment Trust reported a robust first quarter in 2024, with rental revenue increasing by 18.9% and net operating income up by 20%, reflecting strong growth. The company successfully refinanced debt, ensuring no significant maturities until 2030, and announced a major acquisition to expand operations across eight U.S. states. Additionally, Flagship maintained high rent collection rates and increased total and same community occupancy, signaling a positive start to the year.

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