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

TSX:MHC.UN Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	108.48	103.39	88.13	71.05	58.8	43.08
Revenue	108.48	103.39	88.13	71.05	58.8	43.08
Revenue Growth (YoY)	16.65%	17.31%	24.04%	20.84%	36.50%	418.73%
Property Expenses	37.2	34.96	29.69	24.14	19.87	14.41
Total Property Expenses	37.2	34.96	29.69	24.14	19.87	14.41
Gross Profit	71.28	68.42	58.44	46.92	38.93	28.66
Selling, General & Admin	12.66	12.84	10.83	9.12	7.76	5.8
Depreciation & Amortization Expenses	0.56	0.53	0.49	0.4	0.29	0.17
Other Operating Expenses	-	-	-	-	-	0.24
Operating Income	58.05	55.05	47.12	37.4	30.88	22.46
Interest Expense	-23.13	-21.94	-19.18	-14.53	-11.16	-8.13
Other Non-Operating Income (Expense)	-95.96	-86.07	-78.91	-45.37	-25.91	-48.48
Total Non-Operating Income (Expense)	-119.09	-108.01	-98.08	-59.9	-37.08	-56.61
Pretax Income	-61.04	-52.97	-50.96	-22.5	-6.2	-34.15
Net Income	127.33	115.67	103.52	65.1	42.68	60.01
Minority Interest in Earnings	3.56	3.51	3.34	3.15	2.95	2.79
Net Income to Common	127.33	115.67	103.52	65.1	42.68	60.01
Net Income Growth	23.80%	11.74%	59.02%	52.52%	-28.87%	26.77%
Shares Outstanding (Basic)	21	19	24	21	20	15
Shares Outstanding (Diluted)	21	19	24	21	20	15
Shares Change (YoY)	-16.12%	-18.65%	14.78%	5.85%	27.99%	112.24%
EPS (Basic)	6.15	5.96	4.34	3.13	2.17	3.91
EPS (Diluted)	6.15	5.96	4.34	3.13	2.17	3.91
EPS Growth	47.33%	37.35%	38.54%	44.09%	-44.43%	-40.27%
Shares Outstanding	19.4	19.4	19.4	15.49	14.14	14.14
Free Cash Flow	29.48	30.65	13.83	17.24	13.42	17.26
Free Cash Flow Growth	-3.80%	121.64%	-19.80%	28.52%	-22.25%	484.55%
Free Cash Flow Per Share	1.42	1.58	0.58	0.83	0.68	1.13
Dividends Per Share	0.629	0.629	0.598	0.566	0.540	0.514
Dividend Growth	-	5.17%	5.56%	4.97%	4.94%	8.94%
Gross Margin	65.71%	66.18%	66.31%	66.03%	66.21%	66.54%
Operating Margin	53.52%	53.24%	53.47%	52.64%	52.52%	52.13%
Profit Margin	-56.27%	-51.23%	-57.82%	-31.66%	-10.54%	-79.29%
FCF Margin	27.18%	29.64%	15.69%	24.27%	22.82%	40.06%
EBITDA	58.62	55.58	47.61	37.8	31.17	22.63
EBITDA Margin	54.04%	53.76%	54.02%	53.20%	53.01%	52.53%
EBIT	58.05	55.05	47.12	37.4	30.88	22.46
EBIT Margin	53.52%	53.24%	53.47%	52.64%	52.52%	52.13%

Updated May 4, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.