Melcor Developments Ltd.

Equities

MRD

CA5854671032

Real Estate Development & Operations

Market Closed - Toronto S.E. Other stock markets 10:40:49 2024-05-06 am EDT			5-day change	1st Jan Change
11.59 ^CAD	+1.85%		+1.67%	+2.93%

Apr. 17	Melcor REIT Appoints New Trustees, Updates Strategic Review	MT
Mar. 14	North American Morning Briefing : Stock Futures Rise Ahead of PPI Data	DJ

Tranche Update on Melcor Developments Ltd.'s Equity Buyback Plan announced on June 5, 2023.

August 10, 2023 at 06:01 pm EDT

From June 5, 2023 to June 30, 2023, the company has repurchased 325,621 shares, representing 1.04% for CAD 3.67 million. With this, the company has completed the repurchase of 325,621 shares, representing 1.04% for CAD 3.67 million under the buyback announced on June 5, 2023.

Latest news about Melcor Developments Ltd.

Melcor REIT Appoints New Trustees, Updates Strategic Review	Apr. 17	MT
North American Morning Briefing : Stock Futures Rise Ahead of PPI Data	Mar. 14	DJ
Tranche Update on Melcor Developments Ltd.'s Equity Buyback Plan announced on June 5, 2023.	Mar. 13	CI
Melcor Developments Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 13	CI
Melcor REIT Brief: Q4 Revenue Up 64% to $125.13 million; Funds from operations (FFO) Up 68% to $37.56 million; Basic EPS down 70% to $0.34 per share	Mar. 13	MT
Melcor REIT Brief: Declaring $0.11 per share dividend	Mar. 13	MT
Melcor Developments Ltd. Declares Dividend, Payable on March 28, 2024	Mar. 13	CI
Melcor REIT Brief: "Significant" Unitholder FC Private Equity Realty Management Corp. Sends Letter, Says "Disappointed with Consistent Disconnect between the REIT's Trading Price and Net Asset Value"	Mar. 13	MT
Melcor REIT Reports Q4 2023 AFFO of $0.12 Per Basic Unit, Provides Outlook	Mar. 06	MT
Melcor REIT Brief: Announcing Commencement of Strategic Review Process and Suspension of Distribution	Feb. 22	MT
North American Morning Briefing : Traders Await -2-	Nov. 09	DJ
Melcor Developments Ltd. Declares Quarterly Dividend, Payable on December 29, 2023	Nov. 08	CI
Tranche Update on Melcor Developments Ltd.'s Equity Buyback Plan announced on June 5, 2023.	Nov. 07	CI
Melcor Developments Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
Melcor REIT Brief: Q3 Revenue was up 1% at $18.29 million; Funds from operations (FFO) was down 4% to $6.03 million or $0.21 per unit	Nov. 02	MT
Tranche Update on Melcor Developments Ltd.'s Equity Buyback Plan announced on June 5, 2023.	23-08-10	CI
Melcor Developments Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-10	CI
Melcor Developments Declares Quarterly Dividend, Payable on September 29, 2023	23-08-10	CI
Melcor REIT Brief: Announced delay in filing its Q2 financial statements; Now expected to be filed after the close of markets today	23-07-28	MT
Melcor REIT Brief: Revenue was stable at $18.12 million in Q2 and $37.11 million year-to-date; Q2 same-asset NOI was up 4% to $11.02 million and was up 1% year-to-date at $21.92 million	23-07-27	MT
Melcor Developments Ltd. announces an Equity Buyback for 1,562,431 shares, representing 5% of its issued share capital.	23-06-05	CI
Melcor Developments Ltd. authorizes a Buyback Plan.	23-06-04	CI
North American Morning Briefing : Stock Futures -2-	23-05-11	DJ
Melcor Developments Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-10	CI
Melcor Developments Declares Quarterly Dividend, Payable on June 30, 2023	23-05-10	CI

Chart Melcor Developments Ltd.

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Company Profile

Melcor Developments Ltd. is a diversified real estate development and asset management company The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land to be sold as residential, industrial and commercial lots. The Properties segment owns approximately 24 leasable commercial, retail and residential properties and other rental income producing assets, such as parking lots and land leases. The REIT segment owns approximately 38 leasable commercial and retail properties and other rental income producing assets, such as residential property, parking lots and land leases. The Golf segment owns and manages three 18-hole golf course operations (one of which is 60% owned) and has a 50% ownership interest in one 18-hole golf course.

Sector

Real Estate Development & Operations

Calendar

2024-05-13 - Q1 2024 Earnings Release

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

11.59 CAD

Average target price

14 CAD

Spread / Average Target

+20.79%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

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