EDMONTON, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), a real estate development and asset management company with operations across western Canada and in the United States, today reported results for the fourth quarter and year ended December 31, 2018. Strong results from our US residential development division and growth in income-generating properties offset softness in the Canadian residential market, resulting in revenue growth of 4% to $267.43 million in 2018 compared to $257.95 million in 2017. Funds from operations (FFO) per share was down 5% to $1.68 in 2018 compared to $1.77 in 2017. FFO adjusts for all non-cash earnings items and management believes it better reflects true operating performance.