MHC.U dividend calculator – Flagship Communities REIT Announces 0.0468 Cash Dividend

☀️Dividends Yield

On May 25 2023, FLAGSHIP COMMUNITIES REIT ($TSX:MHC.U) announced a 0.0468 cash dividend per share, a continuation of their yearly dividend payment for the past three years. For 2021 to 2023, the dividend yield has been 3.33%, 3.18%, and 2.96%, with an average of 3.16%. This makes FLAGSHIP COMMUNITIES REIT an attractive option if you are looking for dividend stocks, with the ex-dividend date being May 20, 2023.

The stock has grown steadily over the past few years and should continue to be a good option for investors seeking low-risk investments. Furthermore, the company has a good track record of paying out dividends and is committed to providing a good return on investment to shareholders.

Market Price

At the market close, the stock opened at CA$16.5 and closed at the same price. This cash dividend is part of a regular quarterly cash distribution to the REIT’s unitholders. The REIT is focused on delivering reliable income and capital appreciation for its unitholders through acquisitions, development, and management of quality real estate assets. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MHC.U. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MHC.U. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MHC.U. More…

Key Ratios Snapshot

Some of the financial key ratios for MHC.U are shown below. More…

Analysis

As a GoodWhale analyst, I have analyzed the wellbeing of FLAGSHIP COMMUNITIES REIT with our GoodWhale system. According to the Star Chart, FLAGSHIP COMMUNITIES REIT has been classified as a ‘cow’, which implies that it has a track record of paying out consistent and sustainable dividends. This type of investment would be an attractive option for investors looking for passive income or steady returns. When it comes to its financial health score, FLAGSHIP COMMUNITIES REIT has an intermediate score of 5/10 in regards to its cashflows and debt, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. In terms of other metrics, FLAGSHIP COMMUNITIES REIT is strong in dividend, growth, and profitability, and medium in asset. As such, investors may find this company attractive for its long-term stability. More…

Peers

It has a diverse portfolio of assets and has a strong focus on providing investors with attractive long-term returns. Flagship Communities REIT is one of the top players in the student housing REIT space, alongside US Student Housing REIT, Peakstone Realty Trust, and Prime US REIT. These four companies are some of the most prominent players in the student housing industry and have each established a presence in the market.

– US Student Housing REIT ($ASX:USQ)

Student Housing REIT (SHR) is a real estate investment trust that focuses on investments in student housing. As of 2023, SHR has a market cap of 56.1 million, making it one of the largest publicly traded student housing REITs in the United States. SHR owns, manages and develops student housing properties in strategic markets throughout the United States. Its portfolio includes a variety of properties, including on-campus student housing, off-campus student housing and purpose-built student housing. The company also provides asset management services and student housing related services. SHR is actively expanding its portfolio through acquisition and development of student housing properties, seeking to capitalize on the growing demand for high quality student housing.

– Peakstone Realty Trust ($SGX:OXMU)

Prime US REIT is a real estate investment trust (REIT) focused on the acquisition and ownership of office, retail and industrial properties located in major cities across the United States. As of 2023, the company has a market cap of 313.74M. This market cap reflects the total value of its outstanding shares of common stock which trade on the New York Stock Exchange. Prime US REIT has a diversified portfolio of high-quality properties in major cities and continuously seeks to acquire properties with strong potential for growth and long-term capital appreciation. The company’s goal is to provide its shareholders with a reliable, sustainable and growing dividend yield.

Summary

Investing in FLAGSHIP COMMUNITIES REIT has proven to be a reliable choice for income-seeking investors over the past 3 years, with an average dividend yield of 3.16%. The REIT has been consistent in its dividend payments, having issued a yearly dividend of 0.55 USD per share in 2021, 0.54 USD in 2022 and 0.51 USD in 2023. This makes it an attractive option for investors looking for stable, predictable returns.