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Flagship Communities REIT (MHC.U-T)
TSE:MHC.U
15.08
0.03
(0.19%) 1d
Financials
Technical Analysis
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Flagship Communities REIT (MHC.U-T) is regarded as a top income pick and has recently joined the portfolio, focusing on mobile and manufactured housing parks across the United States. The company's strategy emphasizes growth through acquisitions, enhancing the service quality and amenities of newly acquired properties. With a strong balance sheet, Flagship Communities REIT maintains a relatively low monthly rental fee that sees modest yearly increases, making it an attractive option amidst rising real estate costs. The yield currently stands at 4%, complemented by a low payout ratio of only 40%, reinforcing its potential for sustainable income and affordability in home ownership.
$15.100
Owned
A pure-play manufactured home communities company with over 60 in the US midwest. Most of their residents own their own homes mortgage-free, so the base is solid. Low capex. A fragmented industry. Free cash flow is growing through rising rents and strong demand. They grow their dividend. The stock has performed well against REITs.
Manufactured home communities have been the best sector within real estate along with storage. MHC own 60 communities in the US midwest. Cities aren't issuing new permits to these communities. MHC is consolidating a very fragmented business in the U.S. They can raise rents. Are building parts in those areas, and are raise occupancy in low-occupancy areas. Have been raising the yield to 3.6% currently. Cheaper than other REITs. Great to own long term.
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Flagship Communities REIT(MHC.U-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Flagship Communities REIT(MHC.U-T) Frequently Asked Questions
What is Flagship Communities REIT stock symbol?
Flagship Communities REIT is a Canadian stock, trading under the symbol MHC.U-T on the Toronto Stock Exchange (MHC.U-CT). It is usually referred to as TSX:MHC.U or MHC.U-T
Is Flagship Communities REIT a buy or a sell?
In the last year, there was no coverage of Flagship Communities REIT published on Stockchase.
Is Flagship Communities REIT a good investment or a top pick?
Flagship Communities REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Flagship Communities REIT.
Why is Flagship Communities REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Flagship Communities REIT worth watching?
0 stock analysts on Stockchase covered Flagship Communities REIT In the last year. It is a trending stock that is worth watching.
What is Flagship Communities REIT stock price?
On 2025-02-28, Flagship Communities REIT (MHC.U-T) stock closed at a price of $15.08.
Top income pick, newest holding. Provides mobile and manufactured housing parks in US. Growth through acquisition, improves services and trappings of those acquisitions. Low monthly rental fee, increased a bit every year. Strong balance sheet. Yield is 4%, payout ratio only 40%.
Provides affordable home ownership when real estate is still expensive.