Melcor Developments Ltd T.MRD

Alternate Symbol(s): MODVF

Real Estate Real Estate - General

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 > Compelling NCIB / DIV

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Comment by 314159on Jul 14, 2021 10:54am

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Post# 33542134

RE:Compelling NCIB / DIV

I own quite a few shares and am very familiar with the company and have corresponded with the investor relations person and attended annual meetings. I discussed share buybacks with them many times over the years to no avail. They are complacent in every way. Q2 should be strong for them. But, we need to keep pressing them.

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