Flagship Communities Real Estate Investment Trust · TSX:MHC.U
Flagship Communities Real Estate Investment Trust — Q2 2026 Earnings Presentation
13 slides from Flagship Communities Real Estate Investment Trust's earnings presentation, Aug 6, 2026
Slide 1: Investor Presentation
2UZb UZ INVESTOR PRESENTATION Atgtst 6}.2026) 74
Slide 2: Disclaimers
Disclaimers Forward-Looking Information Market and Industry Data Certain statements made during or following this meeting and presentation, including in responses to This presentation includes market and industry data that were obtained from third‐party sources, any comments or questions, may contai
Slide 3: Executive Leadership
Executive Leadership Eddie Carlisle Kurt Keeney Nathan Smith Chief Financial Officer Chief Executive Officer Chief Investment Officer Nathan Smith Eddie Carlisle Kurt Keeney Chief Investment Officer Chief Financial Officer Chief Executive Officer 3
Slide 4: Q2 2026 Highlights
Q2 2026 Highlights REVENUE FFO ADJUSTED1 $9.9M $30.4M $9.0M $25.1M 21.4% 10.2% Q2 2025 Q2 2026 Q2 2025 Q2 2026 NET OPERATING INCOME (NOI) AFFO ADJUSTED1 $19.8M $8.9M $8.2M $16.7M 18.9% 8.3% Q2 2025 Q2 2026 Q2 2025 Q2 2026 1See “Non-IFRS Financial Measures and Real Estate Industry Metrics” for more i
Slide 5: Q2 2026 Same Community Metrics Growth
Q2 2026 Same Community Metrics Growth SAME COMMUNITY REVENUE1 SAME COMMUNITY NOI1 $27.3M $17.7M $16.7M $25.1M 9.0% 6.3% Q2 2025 Q2 2026 Q2 2025 Q2 2026 1See “Non-IFRS Financial Measures and Real Estate Industry Metrics” for more information. The most directly comparable financial measure disclosed i
Slide 6: Positive Outlook for MHC Industry
Positive Outlook for MHC Industry Same-Property NOI Growth: Manufactured Housing vs. Other U.S. Real Estate Sectors Manufactured Housing Other U.S. Real Estate Sub-Sector Average Manufactured Housing sector remained 12% Manufactured resilient during the Housing NOI COVID-19 pandemic 10% growth remai
Slide 7: KMHI Community of the Year
KMHI Community of the Year SAWYIER POINTE WINS KMHI COMMUNITY OF THE YEAR 7
Slide 8: Stable and Consistent Occupancy
Stable and Consistent Occupancy Lot Rent Occupancy Consistent Same Stable and Growing Same Community Lot Rent Growth Community Occupancy 8
Slide 9: Expanded Presence in Key Market
Expanded Presence in Key Market Completed strategic acquisition of 28-lot MHC in Marblehead, Ohio § Expected to be immediately accretive to AFFO § 100% occupied § Enables Flagship to leverage synergies and generate economies of scale MARBLEHEAD, OHIO 9
Slide 10: Q2 2026 Financial Summary
Q2 2026 Financial Summary ($000s except per unit amounts) For the three For the three For the six For the six months ended months ended Variance months ended months ended Variance Jun. 30, 2026 Jun. 30, 2025 Jun. 30, 2026 Jun. 30, 2025 Rental revenue and related income 30,438 25,067 21.4% 60,312 49,
Slide 11: MHC Portfolio
MHC Portfolio ($000s except per unit and Weighted Average Lot Rent amounts) As at Jun. 30, 2026 As of Dec. 31, 2025 Total communities (#) 89 87 Total lots (#) 17,044 16,920 Weighted Average Lot Rent1 (US$) 516 483 Total Portfolio Occupancy (%) 84.7 82.9 Same Community Occupancy (%) 85.4 83.4 NAV1 (U
Slide 12: Positioned for a Strong Second Half of 2026
Positioned for a Strong Second Half of 2026 § Strong first half positions Flagship for another solid year § Unchanged priorities: resident experience and operational efficiencies § Financial strength: conservative balance sheet, no debt maturities until 2030 MURFREESBORO, TENNESSEE CLEVES, OHIO 12
Slide 13: 2UZb UZ
2UZb UZ INVESTOR PRESENTATION Atgtst 6}.2026) 74
Flagship Communities Real Estate Investment Trust — Q2 2026 Earnings Presentation on 6ix