Flagship Communities REIT (TSX:MHC.U) Total Assets : $902.60 Mil (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Flagship Communities REIT Total Assets?

Flagship Communities REIT's Total Assets for the quarter that ended in Dec. 2023 was $902.60 Mil.

During the past 12 months, Flagship Communities REIT's average Total Assets Growth Rate was 14.40% per year. During the past 3 years, the average Total Assets Growth Rate was 27.30% per year. During the past 5 years, the average Total Assets Growth Rate was 47.80% per year.

During the past 6 years, Flagship Communities REIT's highest 3-Year average Total Assets Growth Rate was 67.60%. The lowest was 27.30%. And the median was 57.90%.

Total Assets is connected with ROA %. Flagship Communities REIT's annualized ROA % for the quarter that ended in Dec. 2023 was -0.66%. Total Assets is also linked to Revenue through Asset Turnover. Flagship Communities REIT's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Flagship Communities REIT Total Assets Historical Data

The historical data trend for Flagship Communities REIT's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flagship Communities REIT Total Assets Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

201.50

445.38

695.13

799.27

902.60

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial													799.27	829.50	849.71	895.87	902.60

Flagship Communities REIT Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Flagship Communities REIT's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	436.074	+	466.527
	=	902.60

Flagship Communities REIT's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	436.074	+	466.527
	=	902.60

Flagship Communities REIT (TSX:MHC.U) Total Assets Explanation

Total Assets is connected with ROA %.

Flagship Communities REIT's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-5.952	/	( (895.871	+	902.601)	/ 2 )
	=	-5.952	/	899.236
	=	-0.66 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Flagship Communities REIT's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	18.761	/	( (895.871	+	902.601)	/ 2 )
=	18.761	/	899.236
=	0.02

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Flagship Communities REIT Total Assets Related Terms

Thank you for viewing the detailed overview of Flagship Communities REIT's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

Flagship Communities REIT (TSX:MHC.U) Headlines

No Headlines