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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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TSX:MRD - Post by User
Melcor Developments Ltd
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thekirk2112
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Comment by
thekirk2112
on Mar 11, 2014 5:47pm
90 Views
Post# 22310197
RE:Financials mar 12
RE:Financials mar 12
Thank you I missed that on their site. I was fortunate to buy this during the crash for around $5 and have been very pleased with it, hopefully they will raise the dividend again this year.
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