Flagship Communities Real Estate Investment Trust (TSX:MHC.U)

TSX:MHC.U Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	1,211	1,091	884.15	773.77	673.04	430.19
Cash & Equivalents	9.81	7.26	7.81	16.93	15.45	11.5
Accounts Receivable	0.83	0.94	0.66	0.61	0.57	0.44
Other Receivables	0.43	1.04	0.3	0.27	0.19	0.2
Other Current Assets	8.57	6.55	7.09	5.14	3.42	3.05
Other Long-Term Assets	4.28	3.08	2.59	2.56	2.46	-
Total Assets	1,235	1,109	902.6	799.27	695.13	445.38
Current Portion of Long-Term Debt	106.68	128.43	110.56	0.73	0.64	0.51
Long-Term Debt	448.44	374.55	331.85	420.62	363.33	292.74
Accounts Payable	1.31	1.93	2.18	0.41	0.98	0.6
Accrued Expenses	12.33	7.22	4.92	3.87	2.63	2.01
Current Unearned Revenue	3.08	2.82	2.4	2.02	1.62	0.87
Other Current Liabilities	6.08	5.61	4.45	3.82	3.23	2.26
Other Long-Term Liabilities	5.79	0.29	0.17	0.06	-	-
Total Liabilities	588.7	523.84	466.53	441.52	372.43	299
Common Stock	300.04	300.43	243.35	221.49	221.49	99.9
Retained Earnings	346.31	285.22	192.72	136.26	101.21	46.49
Shareholders' Equity	646.35	585.65	436.07	357.75	322.69	146.38
Total Liabilities & Equity	1,235	1,109	902.6	799.27	695.13	445.38
Total Debt	560.12	505.98	452.41	431.35	363.97	293.26
Net Cash (Debt)	-550.3	-498.72	-444.6	-414.42	-348.52	-281.76
Net Cash Per Share	-21.89	-20.91	-21.40	-21.11	-22.72	-22.99
Filing Date Shares Outstanding	19.4	19.4	15.49	14.14	14.14	7.23
Total Common Shares Outstanding	19.4	19.4	15.49	14.14	14.14	7.23
Book Value Per Share	33.31	30.18	28.15	25.30	22.82	20.26
Tangible Book Value	646.35	585.65	436.07	357.75	322.69	146.38
Tangible Book Value Per Share	33.31	30.18	28.15	25.30	22.82	20.26
Land	-	-	-	0.53	0.34	0.27
Buildings	-	-	1.24	1.19	0.78	0.75

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.