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.

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Melcor Developments Ltd

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Post by Hull534on Jun 21, 2024 8:30pm

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Post# 36101099

Housing Starts up , Population up, Tailwinds for Melcor

Alberta housing starts on pace to set record - REMI Network Reports of Edmonton housing starts up 110% over last year are totally on track to be expected with the increased population . Increased housing will likely value boost value for a lot of Melcor commercial properties also . Moderation and slow decline in interest rates helps also. So far , everything seem to be unfolding like it should except the share price . I hope to hear something out of the AGM this year . There is too much unrealised value here.

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