Flagship Communities Posts Higher Q3 Revenue, Plans 5.6% Rent Increase for 2027
Flagship Communities REIT reported third-quarter revenue up 17.6% to $30.7 million and plans a 5.6% average rent increase in 2027.
Key facts
- Flagship Communities REIT: revenue rose 17.6% to $30.7 million, and net operating income rose to $20 million.
- Same-community occupancy was 85.2%, and rent collections for the quarter were 99.2%.
- Residents have been notified of a 5.6% average rent increase for 2027, which President and CEO Kurt Keeney said averages approximately $29.
- The board raised the monthly distribution 5.9%, and the REIT intends to launch a normal course issuer bid for up to approximately 10% of its public float.
- Chief Financial Officer Eddie Carlisle said debt to gross book value fell to 38%, with no substantial debt maturities until 2030.
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Read the original at Yahoo Finance (opens in a new tab)
Source: What Flagship Communities Real Estate Investment Trust (MHC.UN) Said on Its Q3 Earnings Call — Yahoo Finance, November 13, 2026. Summary and commentary by RISE Community; read the full story at the source.
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