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Melcor REIT announces 2019 annual results

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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]

Melcor REIT declares January, February and March distributions, unchanged from previous months; announces Q4-2019 conference call details

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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]

Melcor REIT Announces the Closing of $54.8 Million Third Party Property Acquisition, $10.0 Million Private Placement of Class B LP Units to Melcor Developments Inc. and the Redemption of Outstanding $34.5 Million Convertible Debentures

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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]

Melcor REIT announces third quarter 2019 results

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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]

Melcor REIT Completes $46 Million Convertible Debenture Public Offering

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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]

Melcor REIT declares October, November and December distributions, unchanged from previous months; announces Q3-2019 conference call details

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EDMONTON, Alberta, Oct. 15, 2019 (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 October, November and December 2019, unchanged from previous months. The October, November and December distributions will be payable as follows:… [Read More]

Melcor REIT Announces $54.8 Million Third-Party Property Acquisition, $40.0 Million Convertible Debentures Offering, up to $15.0 Million Private Placement of Class B LP Units to Melcor Developments and Intention to Redeem Outstanding $34.5 Million Convertible Debentures

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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]

Darin Rayburn appointed Melcor REIT CEO

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EDMONTON, Alberta, Sept. 23, 2019 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“the REIT” – TSX: MR.UN) today announced that, as part of a planned succession, Andrew Melton will step down from his position of President and Chief Executive Officer effective October 1, 2019. Mr. Melton will remain a member of the REIT’s Board… [Read More]

Melcor REIT announces second quarter 2019 results

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Highlights Rental revenue remained stable over Q2-2018 at $17.47 million; $35.42 million year to date Net operating income grew 3% over Q2-2018 at $11.38 million; 1% to $22.39 million year to date Adjusted funds from operations (AFFO) declined 4% to $4.78 million or $0.17 per unit in the quarter; down 5% to $9.39 million or… [Read More]

Melcor REIT declares July, August and September distributions, unchanged from previous months; announces Q2-2019 conference call details

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EDMONTON, Alberta, July 15, 2019 (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 July, August and September 2019, unchanged from previous months. The July, August and September distributions will be payable as follows:… [Read More]