EDMONTON, Alberta, April 17, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the REIT) today announced an operations update as well as a change to the Q1 earnings date and AGM details. OPERATIONS UPDATE The REIT announced that as of today, it has collected 71% of April rents. By asset class, Retail tenants… [Read More]

EDMONTON, Alberta, April 01, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the REIT) announced today that it is postponing its annual general meeting (AGM) until June 25, 2020 in response to the COVID-19 pandemic and the current restriction on gatherings of larger than fifteen people in Alberta. Darin Rayburn, President and Chief… [Read More]

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, March 30, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX… [Read More]

EDMONTON, Alberta, March 20, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.03 per unit for the month of April. This represents a reduction of 47% to the current distribution. The March distribution, payable April 15, 2020, will remain… [Read More]

EDMONTON, Alberta, March 05, 2020 (GLOBE NEWSWIRE) — Annual Highlights Rental revenue of $71.16 million for growth of 1% over 2018. Net rental income of $42.39 million for growth of 1% over 2018. Adjusted cash flow from operations (ACFO) decreased 3% to $18.61 million or $0.66 per unit. Debt to Gross Book Value (GBV) ratio… [Read More]

EDMONTON, Alberta, Jan. 15, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.05625 per unit for the months of January, February and March 2020, unchanged from previous months. The January, February and March distributions will be payable as follows:… [Read More]

FOR IMMEDIATE DISTRIBUTION. NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today the closing of the purchase (the “Acquisition”) from an arm’s length third party of a multi-building open retail power centre containing… [Read More]

EDMONTON, Alberta, Oct. 31, 2019 (GLOBE NEWSWIRE) — Highlights Rental revenue was up 1% over Q3-2018 at $17.47 million; remained stable at $52.89 million year to date Net operating income grew 6% over Q3-2018 at $11.46 million; 3% to $33.85 million year to date Adjusted funds from operations (AFFO) increased 8% to $4.86 million or… [Read More]

EDMONTON, Alberta, Oct. 29, 2019 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today the successful issue and sale (the “Offering”) of $46.0 million aggregate principal amount of 5.10% convertible unsecured subordinated debentures (the “Debentures”), including gross proceeds of $6.0 million from the exercise of the over-allotment option in full. The… [Read More]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Oct. 10, 2019 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that it has entered into an agreement to acquire from an arm’s length third party (the “Vendor”) a commercial property (the “Acquisition”) for an aggregate… [Read More]