Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has released an update.
Flagship Communities Real Estate Investment Trust reported a significant uplift in its financial performance for the fourth quarter and the entire year of 2023, with rental revenue and Net Operating Income (NOI) showing robust growth compared to the previous year. The company’s FFO and AFFO per unit also saw substantial increases, reflecting a strong financial year. Notably, Flagship has successfully refinanced its debts, with no major debt maturities looming until 2030, which underscores its solid financial footing.
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