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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 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 three months ended 31 March 2024, Melcor Developments Ltd revenues increased 38% to C$49.7M. Net income increased from C$2.2M to C$12.8M. Revenues reflect Land segment increase from C$8.2M to C$21.1M, Canada segment increase of 43% to C$46.1M, FFO per Share (Basic) increase of 96% to C$0.45, Funds from Operations - Per Share - Dil increase of 96% to C$0.45.
Employees: 124 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $992.09M as of Mar 31, 2024
Annual revenue (TTM): $328.91M as of Mar 31, 2024
EBITDA (TTM): $120.50M as of Mar 31, 2024
Net annual income (TTM): $73.62M as of Mar 31, 2024
Free cash flow (TTM): $16.57M as of Mar 31, 2024
Net Debt Last Fiscal Year: $640.16M as of Mar 31, 2024
Shares outstanding: 30,479,398 as of Jul 11, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization