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Melcor Developments Ltd. (T:MRD)

Business Focus: Real Estate Rental, Development & Operations (NEC)

Sector:  Real Estate Industry:  Real Estate Rental, Development & Operations
 
Company Contact
Address: 900, 10310 Jasper Avenue NW
EDMONTON AB T5J 1Y8
Tel: N/A
Website: https://www.melcor.ca
IR: See website
Key People
Timothy C. Melton
Executive Chairman of the Board, Chief Executive Officer
Naomi Marie Stefura
Chief Financial Officer, Chief Operating Officer, Executive Vice President
 
Business Overview
Melcor Developments Ltd. is a Canada-based 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's divisions include Community Development, Property Development, Investment Properties, REIT and Recreational Properties. The Community Development division is engaged in acquiring raw land and planning residential communities and commercial developments. The Property Development division includes project managing development, leasing and construction of commercial properties. The Investment Properties division manages and leases its portfolio of office, retail, industrial and residential properties. The REIT owns income-producing office, retail and industrial properties. The Recreational Properties division owns and operates championship golf courses associated with its residential communities.
Financial Overview
For the nine months ended 30 September 2023, Melcor Developments Ltd revenues increased 15% to C$190.1M. Net income increased 1% to C$52.7M. Revenues reflect Community Development segment increase of 41% to C$105.2M, United States segment increase from C$11.8M to C$44.3M, FFO per Share (Basic) increase of 29% to C$0.51, Funds from Operations - Per Share - Dil increase of 30% to C$0.51.
Employees: 123 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $1,016M as of Sep 30, 2023
Annual revenue (TTM): $266.37M as of Sep 30, 2023
EBITDA (TTM): $102.86M as of Sep 30, 2023
Net annual income (TTM): $89.87M as of Sep 30, 2023
Free cash flow (TTM): $9.33M as of Sep 30, 2023
Net Debt Last Fiscal Year: $633.78M as of Sep 30, 2023
Shares outstanding: 30,630,181 as of Feb 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization