EDMONTON, Alberta, Jan. 17, 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 January 2022, unchanged from previous months. The January distribution will be payable as follows: Month Record Date Distribution Date Distribution… [Read More]

EDMONTON, Alberta, Dec. 09, 2021 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“the REIT” – TSX: MR.UN) today announced that Andrew Melton will resume the position of Chief Executive Officer of the REIT effective January 1, 2022. Mr. Melton was previously CEO from 2017 – 2019 and has been a Trustee of the REIT… [Read More]

EDMONTON, Alberta, Nov. 02, 2021 (GLOBE NEWSWIRE) — Highlights Rental revenue was steady at $18.09 million in the quarter, $55.55 million year-to-date; Net operating income (NOI) grew 13% to $11.92 million in the quarter, 5% to $36.12 million year-to-date; Funds from operations (FFO) grew 23% to $6.64 million or $0.23 per unit in the quarter, 9% to… [Read More]

EDMONTON, Alberta, Oct. 15, 2021 (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 October, November and December 2021, unchanged from previous months. The October, November and December distributions will be payable as follows:… [Read More]

EDMONTON, Alberta, Aug. 19, 2021 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (Melcor REIT – TSX: MR.UN) has been advised by Melcor Developments Ltd. (Melcor) that Darin Rayburn will be retiring from his position of President & CEO of Melcor on December 31, 2021. As a result, Melcor will be recommending a new CEO… [Read More]

EDMONTON, Alberta, July 27, 2021 (GLOBE NEWSWIRE) — Key Figures Rental revenue was steady at $17.98 million in the quarter, $37.46 million year-to-date; Net operating income was stable at $11.58 million in the quarter, $24.21 million year-to-date; Adjusted cash flow from operations (ACFO) was up 5% to $4.96 million or $0.17 per unit over Q2-2020; 10%… [Read More]

EDMONTON, Alberta, July 15, 2021 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.035 per unit for the month of July 2021, unchanged from previous months. The REIT will be re-evaluating its distribution at its upcoming second quarter meeting at… [Read More]

EDMONTON, Alberta, May 20, 2021 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (Melcor REIT – TSX: MR.UN) today announced the results of its annual general meeting (AGM), held today. A total of 17,268,375 units (21 unitholders) were voted by proxy, representing 59.19% of the outstanding units as of the record date. Unitholders approved all… [Read More]

EDMONTON, Alberta, May 17, 2021 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) invites unitholders and guests to attend its annual general meeting on Thursday, May 20, 2021 at 9:30am MT (11:30am ET). Unitholders and guests may attend and ask questions at this year’s virtual AGM. Unitholders may vote online with their Control… [Read More]

EDMONTON, Alberta, March 04, 2021 (GLOBE NEWSWIRE) — Annual Highlights Rental revenue of $74.57 million for growth of 5% over 2019. Net rental income of $43.33 million for growth of 2% over 2019. Adjusted cash flow from operations (ACFO) remained stable over 2019 at $18.58 million. ACFO per unit decreased by 3% over 2019 at… [Read More]