Flagship Communities REIT (TSX:MHC.U)
$ 14 -0.17 (-1.2%) Market Cap: 551.27 Mil Enterprise Value: 910.60 Mil PE Ratio: 5.09 PB Ratio: 0.69 GF Score: 65/100
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Q2 2022 Flagship Communities Real Estate Investment Trust Earnings Call Transcript

Aug 11, 2022 / 12:30PM GMT
Release Date Price: $16.41 (+1.61%)
Nathan Smith
Flagship Communities Real Estate Investment Trust - Chief Investment Officer

Our pipeline remains very strong. Rising interest rates could also increase acquisition opportunities from independent operators, looking at options when a note comes due. You can also expect us to make further bolt-on acquisitions.

The United States industry is highly fragmented. About 80% of an estimated 4.2 million manufactured housing lots available for lease are owned by small operators. Within that group, many acquisitions meet our criteria and have the potential to deliver long-term unitholder value.

I'll now turn it over to Eddie, our CFO, to discuss this quarter's financial performance.

Eddie Carlisle
Flagship Communities Real Estate Investment Trust - CFO

Thanks, Nathan. The results for Q2 2022 in the six months that ended June 30 reflect our success at growing the portfolio and improving same community performance. Same community properties are defined as communities held by the rate as of January 1, 2021. Same community contributions to

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