Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Melcor Developments Ltd T.MRD

Alternate Symbol(s):  MODVF

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.


TSX:MRD - Post by User

Comment by longrun86on Feb 26, 2024 10:25pm
96 Views
Post# 35900587

RE:Strategic Review

RE:Strategic ReviewThere is definitely some work to be done to determine the path forward on this. I am also not a shareholder of Melcor REIT. I don't view REIT's as a business model that is set up to endure the test of time (including volatile business cycles).

There will be quite a bit more information coming in a few weeks on the REIT so I will prepare myself accordingly.

I am not quite as pessimistic as you regarding the properties but your point is well taken. Office REIT's don't have the appeal they once had!

One of the issues I have had with Melcor previously is that they were more focussed on acquisitions and building a bigger company than return on equity and return on invested capital.

My hope with Naomi in the CFO/COO role is that there will be significantly more fiscal discipline and a clear mandate regarding capital allocation.

Stay tuned for more and I look forward to conversing with you all on this matter.

LR
<< Previous
Bullboard Posts
Next >>