Last C$16.70 CAD
Change Today -0.04 / -0.24%
Volume 61.9K
MRD On Other Exchanges
As of 4:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

melcor developments ltd (MRD) Snapshot

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Day High
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52 Week High
07/14/14 - C$27.60
52 Week Low
01/15/15 - C$16.26
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Average Volume 10 Days
Shares Outstanding
Dividend Yield

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melcor developments ltd (MRD) Details

Melcor Developments Ltd. operates as a diversified real estate development and management company in Canada and the United States. The company operates in Community Development, Property Development, Investment Properties, REIT, and Recreation Properties divisions. The Community Development division acquires raw land and develops, constructs, markets, and sells lots to home builders for residential communities or developers for commercial/industrial centres. It also develops mixed-use residential communities. The Property Development division develops, manages, constructs, and markets retail, office, and industrial properties. The Investment Properties division manages and leases the commercial developments; and owns 8 leasable commercial and retail buildings, and parking lots, as well as leases land. The REIT division owns 29 leasable commercial and retail buildings, and parking lots; and leases land. The Recreation Properties division owns and manages 4 18-hole championship golf courses. The company was founded in 1923 and is headquartered in Edmonton, Canada.

Founded in 1923

melcor developments ltd (MRD) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$1.9M
Executive Chairman
Total Annual Compensation: C$1.7M
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$708.0K
Executive Vice President of Investment Proper...
Total Annual Compensation: C$991.0K
Executive Vice-Chairman
Total Annual Compensation: C$974.5K
Compensation as of Fiscal Year 2013.

melcor developments ltd (MRD) Key Developments

Melcor Seeks Acquisitions

Melcor Developments Ltd. (TSX:MRD) is seeking acquisitions. Brian Baker, Chief Executive Officer of Melcor said, “We continue to grow our asset base, organically, via raw land acquisition and newly completed commercial projects, and through third party acquisitions.”

Melcor Developments Ltd. Declares Semi-Annual Dividend, Payable on December 31, 2014

The board of Melcor Developments Ltd. declared a semi-annual dividend of $0.30 per share, payable on December 31, 2014 to shareholders of record on December 15, 2014.

Melcor Developments Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2014 and Sales Results for the Third Quarter Ended September 30, 2014

Melcor Developments Ltd. reported earnings results for the nine months ended September 30, 2014 and sales results for the third quarter ended September 30, 2014. For the nine months, the company's revenue grew 26% to $191.56 million year-to-date compared to $151.55 million in 2013. Net income grew 13% to $50.64 million or $1.62 basic per share year-to-date compared to $44.71 million and $1.47 basic per share in the same period of 2013. Funds from operations (FFO) per share were up 77% to $1.54 year-to-date compared to $0.87 in 2013. For the quarter, the company's revenue grew 58% compared to third quarter of 2013.


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