EDMONTON, Alberta, Nov. 03, 2022 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the third quarter ended September 30, 2022. Revenue was stable in the quarter and year-to-date. Net operating income was down 3% in the quarter at $11.61 million due to the timing of operating expenses and inflated costs including utilities like… [Read More]

EDMONTON, Alberta, Aug. 15, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.04 per unit for the months of August, September and October 2022, unchanged from previous months. The August, September and October distributions will be payable as follows:… [Read More]

EDMONTON, Alberta, July 26, 2022 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the second quarter ended June 30, 2022. Rental revenue was up 1% in the quarter at $18.15 million and down 1% at $37.12 million year-to-date. NOI was down 2% in the quarter at $11.39 million and down 4% year-to-date at… [Read More]

EDMONTON, Alberta, July 15, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.04 per unit for the month of July 2022, unchanged from previous months. The July distributions will be payable as follows: Month Record Date Distribution Date Distribution… [Read More]

EDMONTON, Alberta, June 15, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.04 per unit for the month of June 2022, unchanged from previous months. The June distributions will be payable as follows: Month Record Date Distribution Date Distribution… [Read More]

EDMONTON, Alberta, May 26, 2022 (GLOBE NEWSWIRE) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that it entered into amended and restated asset management and property management agreements with Melcor Developments Ltd. (“Melcor”). Since Melcor REIT’s IPO in May… [Read More]

EDMONTON, Alberta, May 19, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (Melcor REIT – TSX: MR.UN) today announced the results of its annual general and special meeting, held today. A total of 18,147,560 units were voted by proxy, representing 62.39% of the outstanding units as of the record date. Unitholders approved all items… [Read More]

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that effective immediately, Odyssey Trust Company has replaced AST Trust Company… [Read More]

EDMONTON, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — Highlights (compared to Q1-2021)   First Quarter Results:   Results, excluding Early Termination event1: Revenue was down 3% at $18.97 million. Net operating income (NOI) was down 6% to $11.86 million. Funds from operation (FFO) was down 8% to $6.53 million or $0.22 per unit. Adjusted cash from operations… [Read More]

EDMONTON, Alberta, April 14, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.04 per unit for the month of April 2022, unchanged from previous months. The April distributions will be payable as follows: Month Record Date Distribution Date Distribution… [Read More]

Annual Highlights(1) Rental revenue was steady at $74.09 million Net rental income grew 1% to $43.75 million Adjusted cash flow from operations (ACFO) grew 11% to $20.59 million or $0.71 per unit Debt to Gross Book Value (GBV) ratio of 49% (58% including convertible debentures) Distributions of $0.45 per unit paid out for an ACFO… [Read More]

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, Feb. 15, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that effective immediately, Odyssey Trust Company has replaced AST Trust Company as the registrar and transfer agent of the REIT’s Trust Units. All inquiries… [Read More]