Melcor Developments Ltd. (TSX: MRD)

Canada flag Canada · Delayed Price · Currency is CAD
12.50
-0.04 (-0.32%)
Jan 20, 2025, 1:26 PM EST
10.04%
Market Cap 380.81M
Revenue (ttm) 304.10M
Net Income (ttm) 11.46M
Shares Out 30.37M
EPS (ttm) 0.39
PE Ratio 31.91
Forward PE n/a
Dividend 0.44 (3.51%)
Ex-Dividend Date Dec 13, 2024
Volume 2,558
Average Volume 5,926
Open 12.49
Previous Close 12.54
Day's Range 12.49 - 12.50
52-Week Range 11.20 - 13.39
Beta 1.39
RSI 46.41
Earnings Date Mar 13, 2025

About Melcor Developments

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses. The company also purchases and develops land to be sold as residential, industrial, and commercial lots; develops and leases retail, office, and industrial properties; and owns and leases commercial, retail, and residential ... [Read more]

Sector Real Estate
Founded 1923
Employees 124
Stock Exchange Toronto Stock Exchange
Ticker Symbol MRD
Full Company Profile

Financial Performance

In 2023, Melcor Developments's revenue was 315.24 million, an increase of 30.40% compared to the previous year's 241.75 million. Earnings were 62.98 million, a decrease of -29.52%.

Financial Statements

News

Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting

EDMONTON, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) and Melcor Developments Ltd. (“Melcor” or the “Purchaser”) (TSX: MRD...

2 months ago - GlobeNewsWire

Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting

EDMONTON, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) and Melcor Developments Ltd. (“Melcor” or the “Purchaser”) (TSX: MRD...

2 months ago - GlobeNewsWire

Melcor Developments declares $0.11 dividend

2 months ago - Seeking Alpha

Melcor Developments announces third quarter results, declares quarterly dividend of $0.11 per share

EDMONTON, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for t...

2 months ago - GlobeNewsWire

Melcor Developments reports Q3 results

Analysis of Melcor Developments Q3 results: ACFO down 31.6%, revenue down 4.5%, NOI down 2.5%, FFO down 26.0%, fair value losses recorded.

2 months ago - Seeking Alpha

Melcor REIT announces third quarter 2024 results

EDMONTON, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust ("Melcor REIT" or the "REIT") (TSX: MR.UN) today announced results for the third quarter ended September 30, 20...

2 months ago - GlobeNewsWire

Melcor Developments Ltd. Acknowledges the Expiration of the Melcor REIT “Go-Shop” Period

EDMONTON, Alberta, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD) acknowledges the expiration of the 30-day “go-shop” period which was provided for in the previously ...

3 months ago - GlobeNewsWire

Telsec Property Corporation Rejects the "Take Under" offer for the Melcor REIT by Melcor Developments Limited and urges all Unit Holders to vote NO. Unit Price Tender Offer is far below the Net Asset Value

CALGARY, AB , Oct. 15, 2024 /CNW/ - Telsec Property Corporation (" Telsec "), through affiliated entities, is an owner of approximately 2,830,000 million Trust Units of Melcor Real Estate Investment T...

3 months ago - Benzinga

Melcor Developments to buy Melcor Real Estate Investment Trust for $4.95 per unit

Melcor Developments Ltd. (MRD:CA) and Melcor Real Estate Investment Trust (MR.UN:CA) today announced that they have entered into an arrangement agreement (the “

4 months ago - Seeking Alpha

Melcor Developments Ltd. to Acquire Melcor Real Estate Investment Trust for $4.95 per Trust Unit

EDMONTON, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (“Melcor” or the “Company”) (TSX: MRD) and Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN)...

4 months ago - GlobeNewsWire

Melcor Developments reports Q2 results

Melcor Developments reported strong financial results in Q2, with revenue and net income showing growth.

5 months ago - Seeking Alpha

Melcor Developments announces second quarter results, declares quarterly dividend of $0.11 per share

EDMONTON, Alberta, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for t...

5 months ago - GlobeNewsWire

Melcor Developments Ltd. Announces Normal Course Issuer Bid

EDMONTON, Alberta, June 05, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX:MRD), an Alberta-based real estate development and asset management company, announced today that the Toronto Stock E...

8 months ago - GlobeNewsWire

Melcor Developments announces first quarter results, declares quarterly dividend of $0.11 per share

EDMONTON, Alberta, May 14, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for th...

8 months ago - GlobeNewsWire

Press Release Correction: Melcor Developments

EDMONTON, Alberta, March 19, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), announced today a correction to its press release entitled "Melcor Developments announces results for 2023, d...

10 months ago - GlobeNewsWire

Melcor Developments announces results for 2023, declares $0.11 per share dividend

EDMONTON, Alberta, March 13, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the fourth ...

11 months ago - GlobeNewsWire

Melcor Developments announces third quarter results, declares quarterly dividend of $0.16 per share

EDMONTON, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third qu...

1 year ago - GlobeNewsWire

Melcor Developments announces second quarter results, declares quarterly dividend of $0.16 per share

EDMONTON, Alberta, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second q...

1 year ago - GlobeNewsWire

Melcor Developments announces first quarter results, declares quarterly dividend of $0.16 per share

EDMONTON, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the quarter e...

1 year ago - GlobeNewsWire

Melcor Developments announces results for 2022, declares $0.16 per share dividend and appoints Naomi Stefura as COO

EDMONTON, Alberta, March 16, 2023 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), a real estate development and asset management company with operations across western Canada and in the Unite...

2 years ago - GlobeNewsWire

Melcor Developments announces third quarter results, declares quarterly dividend of $0.15 per share

EDMONTON, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third qu...

2 years ago - GlobeNewsWire

Melcor Developments announces second quarter results, declares quarterly dividend of $0.15 per share

EDMONTON, Alberta, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second q...

2 years ago - GlobeNewsWire

Melcor REIT announces execution of Amended and Restated Asset Management and Property Management Agreements with Melcor Developments Ltd.

EDMONTON, Alberta, May 26, 2022 (GLOBE NEWSWIRE) -- NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.

2 years ago - GlobeNewsWire

RBC Capital Trims Melcor Developments Price Target By 5%

Melcor Developments Ltd. (TSX: MRD) (OTC: MODVF) price target has been lowered to C$18 from C$19 by RBC Capital analyst Tom Callaghan.

2 years ago - Benzinga

Melcor Developments Announces Results for 2021 and a Dividend of $0.14 per Share

EDMONTON, Alberta, March 16, 2022 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), a real estate development and asset management company with operations across western Canada and in the Unite...

3 years ago - GlobeNewsWire