Flagship Communities Real Estate Investment Trust Announces Second Quarter 2025 Results

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[{"type":"text","content":"Flagship Communities Real Estate Investment Trust Announces Second Quarter 2025 Results\n\n\n\n\n Not for distribution to U.S. newswire services or dissemination in the United States.\n \n\n\n TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its second quarter 2025 results. The financial results of the REIT are prepared in accordance with International Accounting Standard 34 (“IAS 34”),\n \n Interim Financial Reporting\n \n , as issued by the International Accounting Standards Board (the “IASB”). Results are shown in U.S. dollars, unless otherwise noted.\n \n\n\n Second Quarter 2025 Results\n \n\n\n\n Compared to Second Quarter 2024 Results\n \n\n\n\n\n Rental revenue and related income was $25.1 million, an increase of 18.1% compared to $21.2 million\n \n\n Same Community Revenue\n \n 1\n \n was $22.7 million, up 12.2% compared to $20.2 million\n \n\n Net income and comprehensive income was $35.1 million compared to $43.5 million\n \n\n Net Operating Income (“NOI”) was $16.7 million, up 18.7% compared to $14.1 million\n \n\n Same Community NOI\n \n 1\n \n was $15.0 million, an increase of 14.2%, compared to $13.1 million\n \n\n NOI Margin\n \n 1\n \n was 66.6% compared to 66.2%\n \n\n Same Community NOI Margin\n \n 1\n \n was 66.0%, compared to 64.8%\n \n\n Funds from operations (“FFO”) per unit (diluted)\n \n 2\n \n was $0.385 compared to $0.330, which was an increase of $0.055 per unit, or 16.7%\n \n\n FFO adjusted per unit (diluted)\n \n 2\n \n was $0.357 compared to $0.314, which was an increase of $0.043 per unit, or 13.7%\n \n\n Adjusted funds from operations (“AFFO”) per unit (diluted)\n \n 2\n \n was $0.353 compared to $0.292, which was an increase of $0.061 per unit, or 20.9%\n \n\n AFFO adjusted per unit (diluted)\n \n 2\n \n was $0.326 compared to $0.276, which was an increase of $0.050 per unit, or 18.1%\n \n\n Rent Collections\n \n 1\n \n were 99.2%, compared to 98.7%\n \n\n The integration process for the seven Manufactured Housing Communities (“MHC”) in Tennessee and West Virginia acquired by Flagship has continued. Occupancy levels have steadily increased in West Virginia and new home sales have c...

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