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 Thor16on Jul 25, 2023 9:00pm

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Post# 35556971

RE:RE:RE:RE:RE:NCIB

For what it's worth, maybe nothing maybe something, for dividend purposes i only look at free cash flow, earnings, payout ratio and retained earnings (sprinkled with expected capital expenditures over the next few years and a couple ofher less important assumptions). Yield is just a consequence of share price and often for illiquid securities not an indicator of any sort.

However!!! :) The REIT......... lots of options there.

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