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Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

Alternate Symbol(s):  T.MR.UN

Real Estate REIT - Diversified
Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company’s principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta and in Regina, Saskatchewan, and Kelowna, British Columbia. Melcor has approximately five million square feet in planned commercial developments. Its portfolio of properties is located across Canada in various cities, which include Coast Home Centre in Edmonton; Kingsview Market in Airdrie; Birks Building in Edmonton; Capilano Centre in Edmonton; Crowfoot Business Centre in Calgary; Parliament Place in Regina, Melton Building in Alberta, and others. The properties are externally managed, administered and operated by Melcor Developments Ltd. (Melcor).


TSX:MR.DB.B - Post by User

Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures > Amazing words in financial release!!
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Comment by Shirtlessnomoreon Mar 05, 2021 3:40pm
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Post# 32730755

RE:RE:RE:RE:Amazing words in financial release!!

RE:RE:RE:RE:Amazing words in financial release!!Retired, I agree that despite the limitations on the buyback it will mean a dramatic upward push, not only is it going to make a difference due to the typically low volume here but also more importantly due to the tiny float, as an example as we speak 3200 shares at a market buy would take us to 5.30. We have watched this happen here before and at the undervalued s.p. I wouldnt be surprised to see that 6 buck handle by the time they are done. And we will have a slightly smaller float! Cheers and g.l. .........
RetiredCEO wrote: Note, the buybacks are limited to ~3200 units a day. This does not seem like much but when you realize the small daily trading volume it does add upward pressure.
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