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Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust

MHC-U · TO · Real Estate / REIT - Residential

21.36USD-0.44 (-2.02%)

Price History

Full chart

Market Stats

Previous Close21.80
Open22.00
Day Range21.36 – 22.00
52-Week Range16.73 – 23.31
Volume8.91K
Market Cap519.78M
P/E (TTM)4.15
Forward P/E12.42
EPS4.97
Dividend Yield3.17%
Beta0.26
50-Day Avg21.44
200-Day Avg20.21

About

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential MHCs primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois. Flagship Communities Real Estate Investment Trust was established on August 12, 2020 and incorporated in Ontario, Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Residential
  • CEOMr. Kurtis Keeney
  • Employees230
  • Headquarters2220 Grandview Drive, Fort Mitchell, KY, United States, 41017, Canada
  • Websitehttps://www.flagshipcommunities.com

Leadership

  • Mr. Kurtis KeeneyPresident, CEO & Trustee · b. 1968
  • Mr. Eddie CarlisleCFO & Secretary
  • Mr. Nathaniel SmithChief Investment Officer & Trustee · b. 1972

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue15.44M33.22M43.08M58.80M71.05M88.13M105.19M
Growth (%)-+115.13%+29.68%+36.50%+20.84%+24.04%+19.36%
Cost of Revenue6.53M11.23M14.41M19.86M24.62M30.27M37.24M
Gross Profit8.91M21.99M28.66M38.93M46.43M57.86M67.95M
Gross Margin57.71%66.20%66.54%66.21%65.35%65.65%64.60%
Operating Expense1.05M5.13M5.96M8.11M9.03M10.86M40.60M
Operating Income7.86M16.86M22.70M30.82M37.40M47.00M27.35M
Operating Margin50.94%50.76%52.71%52.42%52.63%53.33%26.00%
EBITDA7.88M16.96M22.86M46.12M37.80M122.50M140.56M
EBITDA Margin51.04%51.05%53.08%78.44%53.20%139.00%133.62%
Net Income28.90M189.35M60.01M42.68M65.10M103.52M117.69M
Net Income Margin187.19%570.06%139.31%72.59%91.62%117.46%111.88%
Interest Expense4.24M08.12M11.10M14.33M18.50M22.33M
Interest Expense % of Total Revenue27.49%0.00%18.85%18.88%20.17%20.99%21.22%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets146.10M201.50M445.38M695.13M799.27M902.60M1.11B1.36B
Total Liabilities79.31M99.38M299.00M372.43M441.52M466.53M523.84M671.00M
Total Equity66.78M102.11M146.38M322.69M357.75M436.07M585.65M687.47M
Cash1.79M2.63M11.50M15.45M16.93M7.81M7.26M13.92M
Total Debt77.47M97.26M219.86M259.11M342.56M363.37M422.82M532.66M
Net Debt75.68M94.63M208.36M243.66M325.64M355.56M415.56M518.74M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.23M15.37M24.82M31.03M39.55M52.67M39.85M
Investing Cash Flow-28.40M-282.46M-166.63M-75.45M-51.60M-136.31M-106.42M
Financing Cash Flow26.01M313.09M145.76M45.89M2.94M83.09M70.08M
Capital Expenditure241.83K31.07M7.57M17.62M22.31M38.84M27.46M
Free Cash Flow2.98M15.37M17.26M13.42M17.24M13.83M12.39M
Dividends Paid2.59M2.18M7.75M10.54M11.66M14.11M15.64M
FCF to OCF92.51%100.00%69.52%43.23%43.60%26.26%31.09%
Dividend Paid to FCF86.72%14.18%44.90%78.52%67.63%102.00%126.19%

Earnings

Report DateNov 10, 2026
EPS Estimate-
EPS Actual-
Surprise-
TimingAfter-hours

Key Statistics & Ratios

Market Cap519.78M
Enterprise Value947.66M
Trailing P/E4.15
Forward P/E12.42
Price / Sales4.53
Price / Book0.57
EPS4.97
Book Value36.53
Revenue (TTM)113.85M
Gross Profit (TTM)74.43M
EBITDA61.01M
Profit Margin84.74%
Operating Margin51.32%
Return on Equity14.47%
Return on Assets2.92%
Shares Outstanding19.40M
Shares Float19.28M
Beta0.26
Dividend Yield3.17%
Dividend Rate0.65
Payout Ratio12.98%

Dividends

202610×
0.06Oct 30, 20260.05Sep 29, 20260.06Aug 31, 20260.06Jul 31, 20260.06Jun 30, 20260.06May 29, 20260.06Apr 30, 20260.06Mar 31, 20260.06Feb 27, 20260.06Jan 30, 2026
202512×
0.06Dec 31, 20250.06Nov 28, 20250.06Oct 31, 20250.05Sep 29, 20250.05Aug 29, 20250.05Jul 31, 20250.05Jun 30, 20250.05May 30, 20250.05Apr 30, 20250.05Mar 31, 20250.05Feb 28, 20250.05Jan 31, 2025
20242×
0.05Dec 31, 20240.05Nov 29, 2024