Stock MRD MELCOR DEVELOPMENTS LTD.
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Company Melcor Developments Ltd.

Equities

MRD

CA5854671032

Real Estate Development & Operations

Market Closed - Toronto S.E.
Other stock markets
 20:46:27 17/05/2024 BST 		5-day change 1st Jan Change
11.75 CAD 0.00% Intraday chart for Melcor Developments Ltd. +2.17% +4.35%
05-14 Morguard Developments Brief: Net income was up 494% to $12.79 million in Q1-2024 MT
05-14 Correction: -- Morguard Developments Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year MT

Business Summary

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.

Number of employees: 124

Sales per Business

CAD in Million2022Weight2023Weight Delta
Land
64.0 %
136 56.2 % 202 64.0 % +48.59%
Real Estate Investment Trust
23.4 %
74 30.7 % 74 23.4 % -0.28%
Properties
13.7 %
- - 43 13.7 % -
Intersegment Elimination
-4.7 %
-36 -14.7 % -15 -4.7 % -58.82%
Golf
3.5 %
10 4.3 % 11 3.5 % +6.07%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
82.8 %
226 93.5 % 261 82.8 % +15.52%
United States
17.2 %
16 6.5 % 54 17.2 % +242.88%

Managers

Managers TitleAgeSince
Timothy Melton CEO
 Chief Executive Officer - 31/12/72
Naomi Stefura DFI
 Director of Finance/CFO - 31/12/07
Ralph B. Young BRD
 Director/Board Member 78 31/12/75
Sinead O'Meara PRN
 Corporate Officer/Principal - -
Jarett Thompson PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Catherine Roozen BRD
 Director/Board Member 68 31/12/06
Andrew Melton BRD
 Director/Board Member - 31/12/84
Timothy Melton CEO
 Chief Executive Officer - 31/12/72
Ralph B. Young BRD
 Director/Board Member 78 31/12/75
Douglas Owen Goss BRD
 Director/Board Member - 31/12/20
Janet Riopel BRD
 Director/Board Member - 31/01/22
Kathleen M. Melton BRD
 Director/Board Member - 31/12/15
Bruce Pennock BRD
 Director/Board Member - 31/12/20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 30,545,565 10,733,346 ( 35.14 %) 0 35.14 %

Shareholders

NameEquities%Valuation
Melton (Holdings) Ltd.
51.23 %
15,688,347 51.23 % 131 M $
Timothy Melton
7.637 %
2,338,756 7.637 % 19 M $
Ralph B. Young
4.589 %
1,405,300 4.589 % 12 M $
Andrew Melton
0.7476 %
228,924 0.7476 % 2 M $
Catherine Roozen
0.4755 %
145,600 0.4755 % 1 M $
Guy Pelletier
0.2158 %
66,085 0.2158 % 549 827 $
Sceptre Investment Counsel Ltd. (Investment Management)
0.1496 %
45,800 0.1496 % 381 056 $
Kathleen M. Melton
0.1403 %
42,950 0.1403 % 357 344 $
Naomi Stefura
0.1291 %
39,537 0.1291 % 328 948 $
Morgan, Meighen & Associates Ltd.
0.1143 %
35,000 0.1143 % 291 200 $

Holdings

NameEquities%Valuation
MELCOR REAL ESTATE INVESTMENT TRUST
57.36%
 16,125,147 57.36% 35,539,824 $

Company contact information

Melcor Developments Ltd.

10310 Jasper Avenue NW Suite 900

T5J 1Y8, Edmonton

+780-423-6931

http://www.melcor.ca
address Melcor Developments Ltd.(MRD)

Group companies

NameCategory and Sector
MELCOR REAL ESTATE INVESTMENT TRUST
Real Estate Investment Trusts
Melcor Edge LLC
Melcor Perimeter LLC
Melcor Dakota LLC

Sector

Real Estate
Real Estate
Real Estate Operations
Real Estate Development & Operations
Other Real Estate Development & Operations

Sales per Business

Sales per region

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
11.75 CAD
Average target price
14 CAD
Spread / Average Target
+19.15%
Consensus

Quarterly earnings - Rate of surprise

Company calendar

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Other Real Estate Development & Operations
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