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Flagship Communities Real Estate Investment Trust (MHCUF)
:MHCUF
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.97Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: 2.79%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong financial performance with significant growth in key metrics and strategic expansions. Although there are concerns about potential economic headwinds and some occupancy challenges, the overall outlook remains positive due to successful debt management and continued distribution increases.Company Guidance
In the Flagship Communities REIT Fourth Quarter 2024 Earnings Call, notable metrics and guidance were discussed. The REIT achieved a record year with significant milestones, including the largest acquisition in its history, adding seven MHCs to its portfolio. The integration of these assets is underway with home expansion plans in progress. Flagship refinanced its near-term debt at a lower fixed interest rate, leaving no substantial maturities until 2030, and completed two financings at a weighted interest rate of $5.91 million to repay a $45 million bridge loan. The REIT added 112 lots in 2024, with plans for an additional 638 lots over the next few years. Financially, Flagship saw increases in rental revenue, NOI, FFO, and AFFO, with same community revenue growing 15.5% over Q4 of 2023 and 13.3% over the previous year. Same community NOI grew 17.7% over Q4 of 2023, and the NOI margin improved by 1.3% over Q4 of 2023. The REIT announced a 5% increase in monthly cash distribution, marking the fourth consecutive year of increases since its IPO in 2020.Record Acquisition and Expansion
Flagship Communities completed the largest acquisition in its history by adding seven MHCs to its portfolio, expanding into the Nashville market and entering West Virginia. Integration is underway with plans for home expansion.
Strong Financial Performance
The company reported significant increases in rental revenue, NOI, FFO, and AFFO. Same community revenue grew by 15.5% in Q4 2024 over Q4 2023, and same community NOI by 17.7%.
Successful Debt Refinancing
Flagship refinanced near-term debt at a lower fixed interest rate, extending maturities to 2030, and repaid a $45 million bridge loan, reducing interest expenses.
Lot Expansion Strategy
The REIT added 112 lots in 2024 with plans to add an additional 638 lots over the next few years, aligning with their growth strategy.
Increased Distributions
Flagship announced a 5% increase to its monthly cash distribution for the fourth consecutive year.
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Flagship Communities REIT Investment Trust (MHCUF) Earnings, Revenues Date & History
MHCUF Earnings History
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
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MHCUF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $15.08 | $15.50 | +2.79% |
| Nov 13, 2024 | $14.50 | $14.80 | +2.07% |
| Aug 07, 2024 | $13.65 | $13.67 | +0.15% |
| May 07, 2024 | $14.42 | $14.50 | +0.55% |
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.
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FAQ
When does Flagship Communities Real Estate Investment Trust (MHCUF) report earnings?
Flagship Communities Real Estate Investment Trust (MHCUF) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Flagship Communities Real Estate Investment Trust (MHCUF) earnings time?
Flagship Communities Real Estate Investment Trust (MHCUF) earnings time is at May 12, 2025, TBA Not 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MHCUF EPS forecast?
Currently, no data Available
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