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Flagship Communities Real Estate Investment Trust

Real Estate CA MHC.U

20.71CAD
0.45(2.22%)

Last update at 2026-06-22T19:55:00Z

Day Range

20.1120.71
LowHigh

52 Week Range

14.0220.35
LowHigh

Fundamentals

  • Previous Close 20.26
  • Market Cap640.73M
  • Volume11655
  • P/E Ratio4.94
  • Dividend Yield3.94%
  • EBITDA35.82M
  • Revenue TTM67.99M
  • Revenue Per Share TTM4.49
  • Gross Profit TTM 38.93M
  • Diluted EPS TTM3.12

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 65.90M 42.68M 60.01M - 28.90M
Minority interest - - - - -
Net income 65.90M 42.68M 60.01M - 28.90M
Selling general administrative 8.36M 7.24M 5.32M - 1.03M
Selling and marketing expenses - - - - -
Gross profit 44.84M 38.93M 28.66M - 8.91M
Reconciled depreciation 0.37M 0.29M 0.17M - 0.02M
Ebit - 30.88M 22.69M 16.86M 14.40M
Ebitda - 54.07M 68.30M - 33.16M
Depreciation and amortization - - - - -
Non operating income net other - - - - -
Operating income 32.30M 30.82M 22.69M - 7.86M
Other operating expenses - - - - -
Interest expense 13.72M 11.10M 8.12M 0.00000M 4.24M
Tax provision - - - - -
Interest income - - - - -
Net interest income -12.81200M -10.13200M -7.10100M - -4.24454M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - - - - -
Total revenue 67.99M 58.80M 43.08M - 15.44M
Total operating expenses 35.69M 27.97M 20.38M - 7.58M
Cost of revenue 23.15M 19.86M 14.41M - 6.53M
Total other income expense net 46.41M 21.99M 44.42M - 25.28M
Discontinued operations - - - - -
Net income from continuing ops 65.90M 42.68M 60.01M - 28.90M
Net income applicable to common shares - 42.68M 60.01M 189.35M 48.66M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 799.27M 695.12M 445.38M 201.50M 146.10M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 5.14M 3.42M 3.05M - -
Total liab 441.52M 372.43M 299.00M 99.38M 79.31M
Total stockholder equity 357.75M 322.69M 146.38M 102.11M 66.78M
Deferred long term liab - - - - -
Other current liab 5.84M 4.85M 3.13M 1.05M 0.76M
Common stock 221.49M 221.49M 99.90M - -
Capital stock 221.49M 215.35M 99.05M 102.09M 66.77M
Retained earnings 136.26M 101.20M 46.49M - -
Other liab 0.06M - - - -
Good will - - - - -
Other assets 2.56M 2.46M - - -
Cash 16.93M 15.45M 11.50M 2.63M 1.79M
Cash and equivalents - - - - -
Total current liabilities 20.85M 9.10M 6.25M 3.42M 1.92M
Current deferred revenue - - - - -
Net debt - 243.66M 208.36M 94.63M 75.68M
Short term debt - - - - -
Short long term debt 10.00M 0.64M 0.51M 1.29M 0.08M
Short long term debt total - - - - -
Other stockholder equity - - - - -
Property plant equipment 773.77M 673.04M 430.19M - -
Total current assets 22.94M 19.62M 15.19M 5.45M 4.17M
Long term investments - - - - -
Net tangible assets 357.75M 322.69M 146.38M - -
Short term investments - - - - -
Net receivables 0.87M 0.75M 0.64M 0.26M 0.18M
Long term debt - 258.47M 219.34M 95.97M 77.39M
Inventory - - - - -
Accounts payable 0.41M 0.98M 0.60M 0.01M 0.30M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.10M - - 0.97M 0.45M
Deferred long term asset charges - - - - -
Non current assets total 776.33M 675.50M 430.19M 196.05M 141.92M
Capital lease obligations - - - - -
Long term debt total - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -42.40700M -75.44900M -166.62700M - -28.39648M
Change to liabilities - -0.65300M 0.38M 2.23M 0.00000M
Total cashflows from investing activities - -75.44900M -166.62700M -282.46400M -282.46400M
Net borrowings - 68.87M 40.92M -53.67200M -53.67200M
Total cash from financing activities 7.44M 45.89M 145.76M 313.09M 313.09M
Change to operating activities - 0.15M 1.46M -5.38400M -5.38400M
Net income 65.90M 42.68M 60.01M 113.61M 48.66M
Change in cash 1.17M 1.48M 3.95M 46.00M 46.00M
Begin period cash flow 4.75M 15.45M 11.50M 2.63M 1.79M
End period cash flow 5.92M 16.93M 15.45M 11.50M 2.63M
Total cash from operating activities 36.13M 31.03M 24.82M 15.37M 15.37M
Issuance of capital stock 21.86M 44.29M 121.59M - -
Depreciation 0.37M 0.29M 0.17M 0.10M 0.10M
Other cashflows from investing activities - 0.02M -2.42100M -2.42100M -2.42100M
Dividends paid 11.32M 7.60M 4.96M 2.18M 2.18M
Change to inventory - - - - -
Change to account receivables - -0.12000M -0.11500M 1.52M 1.52M
Sale purchase of stock - -0.05400M 0.00000M - -
Other cashflows from financing activities - -15.32200M -17.68900M -62.30800M -62.30800M
Change to netincome - -11.32100M -37.08600M -172.44000M -172.44000M
Capital expenditures 23.24M 17.62M 7.57M 31.07M 31.07M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -0.41900M -0.61800M 1.91M - -0.67775M
Stock based compensation 0.63M 0.43M 0.27M - 0.02M
Other non cash items -8.73700M 10.01M 7.30M - 0.19M
Free cash flow 12.89M 13.42M 17.26M - 2.98M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MHC-U
Flagship Communities Real Estate Investment Trust
0.45 2.22% 20.71 4.94 14.35 9.42 0.72 7.94 6.75
CAR-UN
Canadian Apartment Properties Real Estate Investment Trust
-0.01 0.03% 34.59 - 17.83 7.60 0.85 14.21 -114.1787
BEI-UN
Boardwalk Real Estate Investment Trust
-0.45 0.70% 64.05 6.35 18.28 7.15 0.95 13.19 11.47
KMP-UN
Killam Apartment Real Estate Investment Trust
-0.17 0.89% 18.85 8.59 15.24 6.32 0.88 12.62 12.24
IIP-UN
InterRent Real Estate Investment Trust
0.04 0.31% 12.97 - 20.70 8.16 0.73 15.28 147.10

Reports Covered

Stock Research & News

Profile

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.

Flagship Communities Real Estate Investment Trust

467 Erlanger Road, Erlanger, KY, United States, 41018-1495

Key Executives

Name Title Year Born
Mr. Kurtis Keeney Pres, CEO & Trustee 1968
Mr. Eddie Carlisle CFO & Sec. NA
Mr. Nathaniel Smith Chief Investment Officer & Trustee 1972

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