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 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Melcor Developments Ltd revenues increased 30% to C$315.2M. Net income decreased 30% to C$63M. Revenues reflect Community Development segment increase of 49% to C$201.8M, United States segment increase from C$15.8M to C$54.3M, Funds from Operations - Per Share- Basi increase of 45% to C$2.73, Funds from Operations - Per Share - Dil increase of 45% to C$2.73. |
| Employees: | 124 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $981.53M as of Dec 31, 2023 |
| Annual revenue (TTM): | $315.24M as of Dec 31, 2023 |
| EBITDA (TTM): | $114.44M as of Dec 31, 2023 |
| Net annual income (TTM): | $62.98M as of Dec 31, 2023 |
| Free cash flow (TTM): | $6.77M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $635.48M as of Dec 31, 2023 |
| Shares outstanding: | 30,576,837 as of Apr 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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