FG Communities Holdings reported progress in its shift toward owning and operating income-producing real estate, particularly manufactured housing communities. It ended September with $35.1 million in cash, invested $10 million in a separate manufactured-housing business during the quarter, and made its first direct property acquisitions in October.
The update also covered share repurchases. The figures provided focus on cash, equity and capital allocation; they do not include revenue or earnings results.
-
Third-quarter financial position: As of September 30, 2026, the company had $35.1 million in cash and cash equivalents and $55.3 million in stockholders’ equity.
-
Investment in a separate company: FG Communities Holdings invested $10 million during the quarter in FG Communities Inc., a privately held manufactured-housing company that operates independently. The investment is described as complementing—not replacing—the parent company’s plan to acquire properties directly.
-
First direct property acquisitions: In October, after the quarter ended, the company bought two North Carolina manufactured housing communities using cash on hand. The Garner property, in the Raleigh area, has 49 homesites on more than 59 acres; the Mars Hill property, near Asheville, has 29 homesites on 19 acres. Together, they comprise 78 homesites and mark the start of the company’s direct-ownership strategy.
-
Share repurchases: During the first nine months of 2026, the company repurchased about $22.8 million of common stock and $7.2 million of preferred stock. It said cumulative repurchases under the respective programs had reached approximately 48% for common stock and 33% for preferred stock.
-
Programs remain open: Both repurchase programs remain open-ended. The company said it will weigh future buybacks against property acquisitions and other capital needs, taking account of market conditions, available liquidity and legal requirements.
The October property purchases came after the reported quarter, so the September 30 cash and equity figures precede those acquisitions. The announcement frames the investment in FG Communities Inc. and the two direct purchases as steps in building a real-estate operating business focused on manufactured housing and affordable housing.