EDMONTON, Alberta, March 07, 2018 (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, 2017. The economic environment improved in many of Melcor’s primary markets throughout the year, resulting in revenue growth of 6.4% to $257.95 million in 2017 compared to $242.46 million in 2016. Funds from operations (FFO) per share was up 38% to $1.77 in 2017 compared to $1.28 in 2016. FFO adjusts for all non-cash earnings items and management believes it better reflects true operating performance.