MirLand Development Corporation Plc
MLD-M.TA
Tel Aviv Stock Exchange1.90
ILA
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MirLand Development Corporation Plc
MLD-M.TA
(Tel Aviv Stock Exchange)
Recent
price
1.90
P/E
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div
yld
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ROIC.AI
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- Business
- MirLand Development Corporation Plc (MLD-M.TA) is a Cyprus-based international real estate developer focused on the acquisition, development, construction, rental, and sale of commercial and residential properties primarily in Russia; its portfolio encompasses office buildings such as MAG&Hydro, Century Building, Tamiz, Skyscraper, and Triumph House; retail centers including Vernissage Mall Phases I and II, Triumph Mall, and Penza Shopping Centre; logistics facilities like Saratov Logistics and Novosibirsk Logistics Centre; and residential projects notably the flagship multi-phased Triumph Park eco-complex in St. Petersburg alongside Western Residence. Incorporated in 2004 and headquartered at Thessalonikis Street, Nicolaou Pentadromos Centre in Limassol, Cyprus, the company operates across major Russian markets including Moscow, St. Petersburg, Saratov, Yaroslavl, Penza, and Novosibirsk, serving commercial tenants, logistics operators, and residential buyers through its two segments of commercial real estate for lease/sale and residential properties for sale. In recent developments, MirLand has divested key Russian assets including the Yaroslavl Vernissage shopping center and entities such as LLC Autoprioritet, Kreativkom, and Petra-8 to ARSENUS FZ-LLC as part of winding down operations in Russia by late 2024, reported net income of USD 4.93 million for the nine months ended September 30, 2025 versus a prior-year loss, and continues trading on the Tel Aviv Stock Exchange amid a reduced portfolio.