The earnings call highlighted strong financial performance with significant revenue, NOI, and FFO growth, as well as high occupancy and rent collection rates. However, challenges such as slowing home sales, limited lot expansion, and higher G&A expenses were noted. Overall, the positive aspects, particularly the robust revenue and NOI growth, outweigh the challenges.

Company Guidance

During Flagship Communities REIT's Second Quarter 2025 Earnings Call, the company provided various metrics that reflect their strong performance and future guidance. Revenue for the quarter was $25.1 million, marking an 18.1% increase from the previous year, driven by acquisitions, lot rent increases, and higher occupancy. Same community revenue grew to $22.7 million, with a $2.5 million increase attributed to higher lot rents and increased occupancy. Net operating income (NOI) reached $16.7 million with a margin of 66.6%, compared to $14.1 million and 66.2% in 2024. Funds from operations (FFO) adjusted and FFO adjusted per unit rose by 19.1% and 13.7%, respectively. The same community occupancy increased by 1.2% to 85.5%, and rent collections were strong at 99.2%. The company's weighted average mortgage interest rate was 4.26% with a term to maturity of 9.5 years, and total liquidity stood at approximately $13.4 million. Flagship Communities REIT continues to focus on enhancing amenities and expanding their lot portfolio, contributing to their overall growth and positioning them well for future opportunities in the manufactured housing community (MHC) sector.

Strong Revenue Growth

Flagship Communities REIT reported a revenue of $25.1 million during the second quarter, which was up 18.1% over the same period last year. This growth was driven by acquisitions, lot rent increases, and occupancy increases across the portfolio.

Impressive NOI and FFO Growth

Net operating income (NOI) and NOI margin were $16.7 million and 66.6%, respectively, compared to $14.1 million and 66.2% during the second quarter of 2024. FFO adjusted and FFO adjusted per unit increased by 19.1% and 13.7%, respectively.

Recognition for Community Excellence

The Derby Hills Pointe community in Alexandria, Kentucky was named Community of the Year by the Kentucky Manufactured Housing Institute, marking the fourth year Flagship has won this award.

High Rent Collection Rate

Rent collections for the quarter were 99.2%, compared to 98.7% last year, demonstrating the strength and predictability of the MHC sector.

Commendable Same Community Revenue Growth

Same community revenue grew by approximately $2.5 million over the comparable period last year, driven by higher monthly lot rents and increased utility reimbursements.

Flagship Communities REIT Investment Trust (MHCUF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MHCUF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	- / -	1.211	―	―	―
Aug 06, 2025	2025 (Q2)	- / 1.81	2.345	-22.68% (-0.53)
May 13, 2025	2025 (Q1)	- / 0.42	0.968	-57.02% (-0.55)
Mar 12, 2025	2024 (Q4)	- / 1.00	-0.131	864.89% (+1.13)
Nov 13, 2024	2024 (Q3)	- / 1.21	1.818	-33.36% (-0.61)
Aug 07, 2024	2024 (Q2)	- / 2.34	1.352	73.38% (+0.99)
May 07, 2024	2024 (Q1)	- / 0.70	1.114	-37.06% (-0.41)
Mar 14, 2024	2023 (Q4)	- / -0.09	-0.048	-98.48% (-0.05)
Nov 14, 2023	2023 (Q3)	- / 1.82	0.997	82.21% (+0.82)
Aug 08, 2023	2023 (Q2)	- / 1.35	1.702	-20.55% (-0.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MHCUF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$17.55	$18.28	+4.16%
May 13, 2025	$17.30	$17.89	+3.41%
Mar 12, 2025	$14.82	$15.23	+2.77%
Nov 13, 2024	$14.25	$14.55	+2.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Flagship Communities REIT Investment Trust (MHCUF) report earnings?

Flagship Communities REIT Investment Trust (MHCUF) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Flagship Communities REIT Investment Trust (MHCUF) earnings time?

Flagship Communities REIT Investment Trust (MHCUF) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is MHCUF EPS forecast?

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