1
Editorial frameworkIncome reliability
Payout history is still thin
MHC-UN.TO has 0 recent provider payout records. Use the cadence as preliminary until more payments are visible.
Market dataIncome framework read
REITTSXCanada
MHC-UN.TO
Flagship Communities REIT
Real EstateREIT distributionUnknown
Market Snapshot
$26.80
+$0.11 (41.21%)
Toronto
Yield
3.35%
Rate $0.87
Next Payment
Next pay in 21 days
Ex-date 2025-04-30
52wk Position
69.61%
-4.66% below high
Updated just now
Income Intelligence Summary
Deterministic interpretation from Prospyr's income framework and available market data.
2
Editorial frameworkDRIP defense
Default DRIP test is not defended
MHC-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.19.
3
Editorial frameworkMain watch item
Tax character and account placement matter
MHC-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Distribution history is not available for this holding.
Coverage Ratio Test
DRIP defense check
- Cash
- $5.17
- APR
- 0.193
- Coverage
- 0.193
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $5.17
- Cushion
- -$21.63
- Cushion %
- -80.71%
Current $26.80Break $5.17
Smart Recommendation
MHC-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Research in progress
DRIP availability
Pending
Tax character
Pending
Distribution history
Pending
Structure Overview
This is a real estate investment trust that owns or finances income-producing real estate and distributes a portion of net income to unitholders. REIT distributions commonly include a mixture of other income, return of capital, and capital gains—each taxed differently in a non-registered account. Holding REITs inside a registered account (RRSP, RRIF, or TFSA) shelters the mixed distribution components from annual tax.
Canadian Planning Notes
- 1REIT distributions held in a non-registered account require tracking the return-of-capital component, which reduces your adjusted cost base and affects future capital gains calculations.
- 2Holding a REIT inside an RRSP or RRIF is generally the most tax-efficient placement for Canadians, as all distribution components are sheltered.
- 3Verify the payout ratio, occupancy rates, and lease expiry schedule with the REIT's most recent management discussion and analysis before planning around the current distribution.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Market Data
Market data
Price
$26.80
Previous close
$26.69
Day range
$26.75 - $26.80
52wk range
$23.80 - $28.11
Market cap
653.7M
Volume
600
Avg volume
3.2K
Exchange
Toronto
Dividend and distribution
Forward rate
$0.87
Trailing rate
$0.64
Forward yield
3.35%
Trailing yield
2.39%
Per payment
$0.05
Cadence
Unknown
Next ex-date
Apr 30, 2025
Next pay
Jun 15, 2026
Last dividend
$0.05
Last dividend date
Apr 30, 2025
Performance
Daily change
$0.11
Daily change %
41.21%
52wk position
69.61%
Below 52wk high
-4.66%
Above 52wk low
12.61%
Open
$26.75
Earnings and financials
Trailing EPS
9.08
Forward EPS
1.15
Revenue
108.5M
Revenue growth
20.60%
Profit margin
1.17%
Operating margin
53.87%
Payout ratio
N/A
Free cash flow
31M
Total cash
13.2M
ROE
19.58%
ROA
2.88%
Debt/equity
92.43
Beta
0.27
Valuation
Trailing P/E
2.95
Forward P/E
23.3
Price/sales
6.03
Price/book
0.54
Enterprise value
1.2B
EV/EBITDA
19.8
Analyst facts
Target mean
N/A
Target high
N/A
Target low
N/A
Recommendation mean
N/A
Recommendation key
none
Analysts
N/A
Canadian Context
Account placement
TFSA
REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.
RRSP: Also shelters distribution complexity when TFSA room is limited.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.