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.

TSX:MRD - Post by User

Melcor Developments Ltd

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Post by longrun86on Feb 01, 2023 5:36pm

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Post# 35260829

The Buying Continues

Well the NCIB may have dried up for the time being; however, that hasn't stopped Management from buying under acquisition purchase plans which allow them to avoid blackout period purchases.

The amounts aren't large but at least its an indicator of Management's conviction in the business at this price.

Check it out here >>> https://ceo.ca/mrd

LR

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