Strong First Quarter Financial Performance
Rental revenue increased by 24% year-over-year. NOI improved by 23%, and FFO adjusted per unit and AFFO adjusted per unit rose by 5.2% and 8.8% respectively.
Community and Same-Store Growth
Community revenue and same community NOI grew by almost 13% year-over-year, with a stable same community NOI margin of 67%.
Recognition and Awards
Flagship was honored with the 2025 National Community Operator of the Year Award and the Community Impact Project of the Year for Suburban Pointe community.
High Rent Collection and Occupancy Rates
Rent collections for the quarter were 99.7%, with total portfolio occupancy at 84.4%.
Environmental and Community Initiatives
Implemented Flock security camera systems in 25% of communities and established a storm shelter in partnership with a local municipality.