Melcor Real Estate Investment Trust

MR.UN

CA58546R1091

Commercial REITs

Delayed Toronto S.E. Other stock markets 07:54:58 28/05/2024 pm IST			5-day change	1st Jan Change
2.75 ^CAD	-1.79%		-1.79%	-33.73%

09/05	Transcript : Melcor Real Estate Investment Trust, Q1 2024 Earnings Call, May 09, 2024
17/04	Melcor REIT Appoints New Trustees, Updates Strategic Review	MT

Melcor Real Estate Investment Trust Announces Board Resignations, Effective March 5, 2024

February 07, 2024 at 04:10 am IST

Melcor Real Estate Investment Trust (the REIT) announced that Mr. Larry Pollock and Ms. Carolyn Graham have resigned as a trustees of Melcor REIT. In accordance with the REITs declaration of trust, the resignations will be effective March 5, 2024 or such earlier date as the board may determine.

Latest news about Melcor Real Estate Investment Trust

Transcript : Melcor Real Estate Investment Trust, Q1 2024 Earnings Call, May 09, 2024	09/05
Melcor REIT Appoints New Trustees, Updates Strategic Review	17/04	MT
Melcor Real Estate Investment Trust Announces Appointment of Barry James and Brandon Kot as New Trustees	17/04	CI
Melcor REIT Brief: Q4 Revenue Up 64% to $125.13 million; Funds from operations (FFO) Up 68% to $37.56 million; Basic EPS down 70% to $0.34 per share	14/03	MT
Melcor REIT Brief: Declaring $0.11 per share dividend	14/03	MT
Melcor REIT Brief: "Significant" Unitholder FC Private Equity Realty Management Corp. Sends Letter, Says "Disappointed with Consistent Disconnect between the REIT's Trading Price and Net Asset Value"	14/03	MT
Melcor REIT Price Target Lowered to $3.25 at RBC	07/03	MT
Transcript : Melcor Real Estate Investment Trust, Q4 2023 Earnings Call, Mar 06, 2024	06/03
Melcor REIT Reports Q4 2023 AFFO of $0.12 Per Basic Unit, Provides Outlook	06/03	MT
Melcor Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	06/03	CI
Melcor Real Estate Investment Trust Announces Suspension of Its Monthly Distribution	06/03	CI
Melcor REIT Brief: Announcing Commencement of Strategic Review Process and Suspension of Distribution	23/02	MT
Melcor REIT Announces Commencement of Strategic Review Process	22/02	CI
Melcor Real Estate Investment Trust Announces Board Resignations, Effective March 5, 2024	07/02	CI
Melcor Real Estate Investment Trust Announces January Distribution, Payable on February 15, 2024	16/01	CI
Melcor Real Estate Investment Trust Declares Cash Distribution for the Month of December 2023, Payable on January 15, 2024	16/12	CI
Melcor Real Estate Investment Trust Announces Cash Distribution for the Month of November 2023, Payable on December 15, 2023	16/11	CI
Transcript : Melcor Real Estate Investment Trust, Q3 2023 Earnings Call, Nov 03, 2023	03/11
Melcor REIT Brief: Q3 Revenue was up 1% at $18.29 million; Funds from operations (FFO) was down 4% to $6.03 million or $0.21 per unit	03/11	MT
Melcor Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	03/11	CI
Transcript : Melcor Real Estate Investment Trust, Q2 2023 Earnings Call, Jul 31, 2023	31/23/31
Melcor REIT Brief: Announced delay in filing its Q2 financial statements; Now expected to be filed after the close of markets today	28/23/28	MT
Melcor Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	28/23/28	CI
Melcor REIT Brief: Revenue was stable at $18.12 million in Q2 and $37.11 million year-to-date; Q2 same-asset NOI was up 4% to $11.02 million and was up 1% year-to-date at $21.92 million	28/23/28	MT
Transcript : Melcor Real Estate Investment Trust, Q1 2023 Earnings Call, May 03, 2023	03/23/03

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Company Profile

Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Companyâs principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta and in Regina, Saskatchewan, and Kelowna, British Columbia. Melcor has approximately five million square feet in planned commercial developments. Its portfolio of properties is located across Canada in various cities, which include Coast Home Centre in Edmonton; Kingsview Market in Airdrie; Birks Building in Edmonton; Capilano Centre in Edmonton; Crowfoot Business Centre in Calgary; Parliament Place in Regina, Melton Building in Alberta, and others. The properties are externally managed, administered and operated by Melcor Developments Ltd. (Melcor).

Sector

Commercial REITs

Calendar

25/06/2024 - Annual General Meeting

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.8 CAD

Average target price

3.25 CAD

Spread / Average Target

+16.07%

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Chiffre d''affaires - Rate of surprise

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Sector Other Commercial REITs

	1st Jan change	Capi.
MELCOR REAL ESTATE INVESTMENT TRUST	-33.73%	2.66Cr
REALTY INCOME CORPORATION	-9.30%	4.54TCr
ALEXANDRIA REAL ESTATE EQUITIES, INC.	-6.95%	2.07TCr
SEGRO PLC	+1.51%	1.55TCr
UNIBAIL-RODAMCO-WESTFIELD SE	+18.38%	1.2TCr
CAPITALAND INTEGRATED COMMERCIAL TRUST	-4.37%	983.76Cr
CAPITALAND ASCENDAS REIT	-13.20%	856.82Cr
FEDERAL REALTY INVESTMENT TRUST	-4.21%	813.39Cr
KLÉPIERRE	+4.62%	797.8Cr
FIBRA UNO	-19.37%	563.56Cr

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