FG Communities Holdings Inc. (Nasdaq: FGC) announced the filing of its Quarterly Report on Form 10-Q for the third quarter ended September 30, 2026, and provided an update on its real estate strategy and capital allocation.
As of September 30, 2026, the company reported total assets of $59.8 million and total liabilities of $4.5 million, resulting in stockholders' equity of $55.3 million. The company ended the quarter with $35.1 million in cash and cash equivalents.
For the three months ended September 30, 2026, revenue from continuing operations was $232,000, compared to $251,000 in the prior year period. The company reported a loss from continuing operations of $218,000 for the current quarter, compared to a loss of $17.4 million in the third quarter of 2025. Net loss for the quarter was $355,000, compared to $3.4 million in the prior year.
In a strategic move, the company invested $10.0 million during the third quarter in FG Communities, Inc., a separately operated, privately held manufactured housing company. The company also completed its first two direct manufactured housing acquisitions in October 2026, subsequent to the end of the quarter. The acquisitions include a community in Garner, North Carolina, comprising 49 homesites on more than 59 acres, and a community in Mars Hill, North Carolina, comprising 29 homesites on 19 acres.
Regarding capital returns, the company repurchased approximately $22.8 million of common stock during the nine months ended September 30, 2026, bringing cumulative repurchases under the program to approximately 48%. The company also repurchased approximately $7.2 million of preferred stock during the same period, bringing cumulative repurchases to approximately 33%. The company stated that future repurchases will be evaluated alongside property acquisitions and other capital needs, subject to market conditions and available liquidity.
