Flagship Communities Actual Property Funding Belief (MHC.UN:CA) This fall 2025 Earnings Name Transcript

Operator

Whats up, girls and gents. Thanks for standing by. Welcome to the Flagship Communities REIT Fourth Quarter 2025 Earnings Name. I want to remind everybody that this convention name is being recorded. At the moment’s presenters are Kurt Keeney, Flagship’s President and Chief Govt Officer; Nathan Smith, Chief Funding Officer; and Eddie Carlisle, Chief Monetary Officer. Please word that feedback made on right this moment’s name could include forward-looking data, and this data, by its nature, is topic to dangers and uncertainties. Precise outcomes could differ materially from the views expressed right this moment. For additional data on these dangers and uncertainties, please seek the advice of the corporate’s related filings on SEDAR. These paperwork are additionally out there on Flagship’s web site at flagshipcommunities.com. Flagship has additionally ready a corresponding PowerPoint presentation, which inspires you to observe together with throughout this name. And now I will go the decision over to Kurt Keeney.

Kurtis Keeney
President, CEO & Trustee

Thanks, operator. Good morning, everybody. Thanks for becoming a member of us right this moment. 2025 was a milestone 12 months for Flagship. We celebrated our fifth 12 months as a publicly traded REIT and the thirtieth anniversary for Nathan and me within the MHC business. All through 2025, we proceed to execute on the disciplined technique that has outlined Flagship since our IPO, delivering development whereas sustaining power in our stability sheet. We noticed notable will increase in rental