Melcor Developments Ltd. (T:MRD)
Business Focus: Real Estate Rental, Development & Operations (NEC)
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for MRD within the last 6 months
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Company News
Mar 19, 2024 18:07 ET
Press Release Correction: Melcor Developments
Melcor Developments Ltd. (TSX: MRD), announced today a correction to its press release entitled "Melcor Developments announces results for 2023, declares $0.11 per share dividend" which was issued on March 13, 2024 (the "Initial Press Release")....
Mar 13, 2024 17:30 ET
Melcor Developments announces results for 2023, declares $0.11 per share dividend
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the fourth quarter and year ended December 31, 2023. The annual Management Discussion & Analysis (MD&A) and...
Valuation Ratios
Industry
Sector
Beta
1.39
--
--
Price to Sales - TTM
1.11
4.00
3.19
Price to Book - most recent quarter
0.29
1.01
1.16
Price to Cash Flow per share - TTM
5.44
7.80
10.24
Price to Free Cash Flow per share - TTM
51.67
15.07
20.80
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 2,314 | 1,837 |
| Mar 31, 2024 | 477 | -4,604 |
| Mar 15, 2024 | 5,081 | -3,496 |
Business Summary
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
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.
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