Bullboard - Stock Discussion Forum Flagship Communities Real Estate Investment Units T.MHC.UN

Alternate Symbol(s): MHCUF

Flagship Communities Real Estate Investment Trust (the REIT) is an internally managed open-ended real estate investment trust. The REIT is formed for the purpose of owning and operating a portfolio of manufactured housing communities (MHC) located in Kentucky, Indiana, Ohio, Tennessee, Illinois, Arkansas, and Missouri, including a fleet of manufactured homes for lease to residents of such... see more

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TSX:MHC.UN - Post Discussion

Flagship Communities Real Estate Investment Units > Jaime Murray -BNN - TOP PICK

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Post by Possibleidiot01 on May 16, 2024 2:41pm

Jaime Murray -BNN - TOP PICK

Flagship REIT (MHC.U TSX)

Flagship owns manufactured housing communities throughout the eastern U.S. Manufactured housing is an affordable option for many low-income workers in smaller urban centers, and Flagship has done a good job improving the occupancy rates of its properties. Flagship is very acquisition driven and benefits from buying lots in need of minor capital investment that previous owners were unwilling to make which improves the long term financial returns. Flagship has a low payout ratio and a strong balance sheet with debt maturities mostly occurring post-2030. The shares yield four per cent.

TOP PICK

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.

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