Melcor Developments Ltd T.MRD

Alternate Symbol(s): MODVF

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 > Press Release: Melcor Development to Clean up its Mess

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Comment by dangoodon Sep 13, 2024 9:12pm

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Post# 36223421

RE:Press Release: Melcor Development to Clean up its Mess

I'm not sure about the 30 cents on the dollar with them buying the REIT 100% Being consolidated into the parent, the trading value of the REIT is actually a liability. So with the REIT price popping today this will negatively affect the "value" of Melcor - they will show this increase as a loss on their financial statements.

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