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, Properties segment increase of 8% to C$11.7M, Canada segment increase of 43% to C$46.1M. Net income benefited from FV Adjustments on Investment Property increase from C$2.3M to C$12.1M (income). |
| Employees: | 124 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $994.67M 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: | 30,545,565 as of May 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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