In a report released yesterday, Mark Rothschild from Canaccord Genuity maintained a Buy rating on Flagship Communities REIT Investment Trust, with a price target of $23.25.
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Mark Rothschild has given his Buy rating due to a combination of factors that highlight the strong performance and potential of Flagship Communities REIT. The REIT reported Q3/25 results that surpassed expectations, driven by robust demand for affordable housing in its core markets. The funds from operations (FFO) per unit increased by 14.8%, exceeding both the firm’s and market consensus estimates. This growth was supported by a 10.2% rise in same-property net operating income (NOI), fueled by a 7% increase in rental rates and improved occupancy levels.
Flagship Communities REIT continues to outperform its peers, with its NOI growth significantly outpacing the peer average. The REIT’s valuation is attractive, trading at a discount to its net asset value (NAV) and an implied cap rate higher than its peers. These factors, combined with a strong distribution yield and a favorable market position, underpin Rothschild’s Buy rating, suggesting a promising return potential for investors.