Melcor Developments Ltd.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Timothy C. Melton
- Full Time Employees
- 394
- Sector
- Finance
- Industry
- Real estate development
- Address
- 10310 Jasper Avenue NW Edmonton AB Canada T5J 1Y8
- IPO Date
- Mar 17, 1980
- Website
- melcor.ca
- Similar Companies
- Business
- Melcor Developments Ltd. develops and manages real estate projects across the full lifecycle from raw land acquisition to finished residential and commercial products; its core divisions include Land, which acquires and plans residential communities, commercial developments, business and industrial parks for sale as residential, industrial, and commercial lots; Properties, which develops, leases, and constructs retail, office, and industrial buildings while owning and managing commercial, retail, residential properties, parking lots, and land; and Golf, which owns and operates 18-hole golf courses. The company also manages leasable office, retail, industrial, and residential sites previously under its REIT division. Melcor Developments Ltd. operates in Alberta, Saskatchewan, British Columbia, and the western United States including Arizona and Colorado; it was founded in 1923 and is headquartered at 10310 Jasper Avenue NW, Edmonton, Alberta, Canada, with regional offices throughout Alberta, in Kelowna, British Columbia, and Phoenix, Arizona. The company is a subsidiary of Melton Holdings Ltd. and has been publicly listed on the Toronto Stock Exchange (TSX: MRD) since 1968. In April 2025, Melcor completed the acquisition of its remaining 44.6% unowned equity interest in Melcor REIT Limited Partnership for $5.50 per unit totaling $71.30 million, enabling the REIT to redeem and cancel all outstanding public trust units and bringing all income-producing properties under full ownership; this transaction followed an amended arrangement agreement announced in November 2024 with an increased offer and voting support agreements secured in March 2025 from key shareholders including Telsec Property Corporation and FC Private Equity Realty Management Corp. Recent activities include strong U.S. land sales totaling 198.40 acres year-to-date through June 2025 generating $61.67 million in revenue, divestitures of non-core assets such as Melcor Crossing retail centre in Grande Prairie, Alberta, and residential units in Phoenix, Arizona, to strengthen the balance sheet, completion of new commercial developments adding 9,913 square feet in Woodbend Market, and an increased quarterly dividend declaration of $0.13 per share in August 2025.
Company News
Melcor Developments Ltd. Announces Normal Course Issuer Bid
Melcor Developments announces first quarter results, declares quarterly dividend of $0.15 per share
Melcor Developments Ltd. (MRD:CA) Shareholder/Analyst Call Transcript
Melcor announces election of directors
Melcor Developments announces results for 2025, declares quarterly dividend of $0.15 per share and special dividend of $0.35 per share
Melcor Developments (OTCMKTS:MODVF) Share Price Crosses Above 50-Day Moving Average – Here’s Why
Melcor Developments announces third quarter results, declares quarterly dividend of $0.13 per share
Melcor Developments announces second quarter results, declares quarterly dividend of $0.13 per share
Melcor announces election of directors
Melcor Developments Ltd. Announces Normal Course Issuer Bid
Melcor Developments announces first quarter results, declares quarterly dividend of $0.11 per share
Melcor REIT and Melcor Developments Announce Closing of Arrangement
Melcor REIT and Melcor Developments Announce Closing of Arrangement
Melcor Developments announces results for 2024, declares $0.11 per share dividend
Melcor REIT and Melcor Developments Announce Support of Arrangement by Telsec and Firm Capital
Melcor REIT and Melcor Developments Announce Support of Arrangement by Telsec and Firm Capital
Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting
Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting
Melcor Developments announces third quarter results, declares quarterly dividend of $0.11 per share
Melcor Developments Ltd. Acknowledges the Expiration of the Melcor REIT “Go-Shop” Period