Melcor Real Estate Investment Trust (T:MR.UN)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 900, 10310 Jasper Avenue EDMONTON AB T5J 1Y8 |
| Tel: | N/A |
| Website: | https://melcorreit.ca |
| IR: | See website |
| Key People | ||
| Ralph B. Young Chairman of the Board of Trustees | Andrew J. Melton President, Chief Executive Officer, Trustee | Naomi Marie Stefura Chief Financial Officer, Trustee |
| Business Overview |
| Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company's principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta and in Regina, Saskatchewan, and Kelowna, British Columbia. Melcor has approximately five million square feet in planned commercial developments. Its portfolio of properties is located across Canada in various cities, which include Coast Home Centre in Edmonton; Kingsview Market in Airdrie; Birks Building in Edmonton; Capilano Centre in Edmonton; Crowfoot Business Centre in Calgary; Parliament Place in Regina, Melton Building in Alberta, and others. The properties are externally managed, administered and operated by Melcor Developments Ltd. (Melcor). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Melcor Real Estate Investment Trust revenues decreased less than 1% to C$73.9M. Net income decreased 45% to C$16.3M., also reflect Funds from Operations - Per Share - Basi decrease of 4% to C$0.82, FFO per Share (Diluted), Total decrease of 9% to C$0.75. Net income was partially offset by G/L on Invest. HFS, Maturity & Trading decrease from C$8M (income) to C$1.3M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $454.37M as of Dec 31, 2023 |
| Annual revenue (TTM): | $73.90M as of Dec 31, 2023 |
| EBITDA (TTM): | $39.54M as of Dec 31, 2023 |
| Net annual income (TTM): | $16.31M as of Dec 31, 2023 |
| Free cash flow (TTM): | $5.77M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $415.35M as of Dec 31, 2023 |
| Shares outstanding: | 12,963,169 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
