Flagship Communities Real Estate Investment Trust (MHC.U) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, ladies and gentlemen. Thank you for standing by. Welcome to the Flagship Communities REIT first quarter 2025 earnings call. At this time, all participants are in listening mode. Following the presentation, we will hold a brief question and answer session for analysts and institutional investors. I would like to remind everyone that this conference call is being recorded. Today's presenters are Kurt Keeney, Flagship's President and Chief Executive Officer, Nathan Smith, Chief Investment Officer, and Eddie Carlisle, Chief Financial Officer. Please note that comments made on today's call may contain forward-looking information, and this information by its nature is subject to risk and uncertainties. Actual results may differ materially from the views expressed today. For further information on these risk and uncertainties, please consult the company's relevant filings on CDAR. These documents are also available on Flagship's website at FlagshipCommunities.com. Flagship has also prepared a corresponding PowerPoint presentation, which it encourages you to follow along with during this call. And now I'll pass the call over to Curt Keeney. Kurt? Thank you, operator. Good morning, everyone. Thank you for joining us today. After what was a record year for Flagship in 2024, we are pleased to have picked up right where we left off in the first quarter of 2025. Early in the year, we got to work on refinancing our near-term debt at a low fixed interest rate, resetting our interest rates for another 10 years. Refinancing our debt at more attractive terms speaks to the confidence our lenders have in both Flagship and the MHC industry, while helping us solidify our balance sheet. We continue to have a conservative, low-debt profile financial position and continue to generate ...