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 > NCIB

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Comment by Marley66on Jul 25, 2023 2:20am

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Post# 35555362

RE:RE:RE:NCIB

Unfortunately I don't agree with you. We just got a rise in dividend this winter to 16 cents from 15 cents every quarter.

But for sure, you can expect good results especially for lots sales in Alberta. And on another positive notes is the NCIB where they bought back around 550000 shares at a bargain price of less than 11.50$ for each shares.

So as long the share price is a bargain, ad rather like to see buy back from th NCIB than a increase in dividend!

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