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 > Spoke with management. Trading block ends today.

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Comment by Shirtlessnomoreon Mar 07, 2021 12:06pm

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Post# 32738719

RE:RE:RE:RE:RE:RE:Spoke with management. Trading block ends today.

They are also somewhat of a strategy, when financials are not going to be great which in this environment is obvious the write downs put all the bad on the table at once opening the door for much better results going forward, to sacrifice a couple quarters which would already be bad going forward just gets better and better in many cases.