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Flagship Communities Real Estate Investment Trust TSX:MHC.U Stock Report

Last Price

US$15.00

Market Cap

US$378.1m

7D

-0.8%

1Y

-6.0%

Updated

30 Dec, 2024

Data

Company Financials +

Flagship Communities Real Estate Investment Trust

TSX:MHC.U Stock Report

Market Cap: US$378.1m

MHC.U Stock Overview

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. More details

MHC.U fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health0/6
Dividends3/6

Rewards

Trading at 51.9% below our estimate of its fair value

Revenue is forecast to grow 8.94% per year

Earnings grew by 16.7% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 46% per year for the next 3 years

Shareholders have been diluted in the past year

Large one-off items impacting financial results

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Flagship Communities Real Estate Investment Trust Competitors

Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN

CA$920.1m

Nexus Industrial REIT

TSX:NXR.UN

CA$728.8m

Automotive Properties Real Estate Investment Trust

TSX:APR.UN

CA$544.4m

Slate Grocery REIT

TSX:SGR.UN

CA$834.5m

Price History & Performance

Summary of share price highs, lows and changes for Flagship Communities Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$15.00
52 Week HighCA$17.33
52 Week LowCA$13.02
Beta0.37
1 Month Change-5.66%
3 Month Change-1.90%
1 Year Change-5.96%
3 Year Change-22.28%
5 Year Changen/a
Change since IPO-2.47%

Recent News & Updates

Recent updates

Shareholder Returns

MHC.UCA Residential REITsCA Market
7D-0.8%-0.06%-0.5%
1Y-6.0%-9.1%14.9%

Return vs Industry: MHC.U exceeded the Canadian Residential REITs industry which returned -8.5% over the past year.

Return vs Market: MHC.U underperformed the Canadian Market which returned 15.7% over the past year.

Price Volatility

Is MHC.U's price volatile compared to industry and market?
MHC.U volatility
MHC.U Average Weekly Movement2.8%
Residential REITs Industry Average Movement2.7%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market2.9%

Stable Share Price: MHC.U has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MHC.U's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aKurt Keeneyflagshipcommunities.com

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 Fundamentals Summary

How do Flagship Communities Real Estate Investment Trust's earnings and revenue compare to its market cap?
MHC.U fundamental statistics
Market capUS$378.08m
Earnings (TTM)US$76.88m
Revenue (TTM)US$83.14m

3.7x

P/E Ratio

3.4x

P/S Ratio

Is MHC.U overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MHC.U income statement (TTM)
RevenueUS$83.14m
Cost of RevenueUS$28.20m
Gross ProfitUS$54.94m
Other Expenses-US$21.94m
EarningsUS$76.88m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.96
Gross Margin66.08%
Net Profit Margin92.47%
Debt/Equity Ratio89.8%

How did MHC.U perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

37%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 10:06
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Flagship Communities Real Estate Investment Trust is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MarkidisBMO Capital Markets Equity Research
J. ChenBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity