EDMONTON, Alberta, May 09, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the first quarter ended March 31, 2022. Revenue for the quarter was up 23% to $53.31 million compared to Q1-2021. Net income in the quarter was impacted by non-cash fair value… [Read More]
Melcor Developments Ltd. Announces Normal Course Issuer Bid
EDMONTON, Alberta, March 30, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX:MRD), an Alberta-based real estate development and asset management company, 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 and on alternative trading systems. The notice provides… [Read More]
Melcor Developments Announces Results for 2021 and a Dividend of $0.14 per Share
EDMONTON, Alberta, March 16, 2022 (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, 2021. Revenue increased by 39% to a record $315.63 million in 2021 compared… [Read More]
Melcor Developments Ltd. announces Change of Transfer Agent
EDMONTON, Alberta, Feb. 15, 2022 (GLOBE NEWSWIRE) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced that effective February 16, 2022, Odyssey Trust Company has replaced AST Trust Company as the registrar and transfer… [Read More]
Melcor Developments Ltd. appoints new Board member
EDMONTON, Alberta , Feb. 01, 2022 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the appointment of Janet Riopel, ICD.D to its Board of Directors, effective February 1, 2022. Ms. Riopel brings extensive board experience in private, public, and non-profit sectors. She is the… [Read More]
Melcor Developments announces third quarter results, declares quarterly dividend of $0.12 per share, and announces CEO succession plan
EDMONTON, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2021. Company year-to-date revenue was up 13% to $165.03 million compared to 2020. Community Development division revenue increased 30% over the same… [Read More]
Melcor announces retirement of CEO at end of 2021
EDMONTON, Alberta, Aug. 19, 2021 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced that Darin Rayburn, President and Chief Executive Officer, will be retiring from the company on December 31, 2021. Tim Melton, Chairman of Melcor’s Board of Directors commented: “On behalf of the… [Read More]
Melcor Developments announces second quarter results, declares quarterly dividend of $0.12 per share
EDMONTON, Alberta, Aug. 05, 2021 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second quarter and six months ended June 30, 2021. Year-to-date revenue was up 49% to $108.82 million compared to the first half of 2020. Strong market demand for new homes… [Read More]
Melcor Announces Annual General Meeting Voting Results
EDMONTON, Alberta, May 20, 2021 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced the results of its annual general meeting (AGM), held today. A total of 25,064,984 shares (64 shareholders) were voted in person or by proxy, representing 75.75% of the outstanding shares as… [Read More]
Melcor Developments provides instructions for Annual General and Special Meeting attendees
EDMONTON, Alberta, May 17, 2021 (GLOBE NEWSWIRE) — Melcor Developments LTd. (TSX: MRD) invites shareholders and guests to attend its annual general and special meeting on Thursday, May 20, 2021 at 11:00am MT (1:00pm ET). Shareholders and guests may attend and ask questions at this year’s virtual AGM. Shareholders may vote online with their Control… [Read More]
CORRECTION — Melcor Developments announces results for 2020 and increases dividend by 25% to $0.10 per share
EDMONTON, Alberta, March 17, 2021 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), is issuing a correction to the 2020 results announced earlier this afternoon under the same headline. In the Return to Shareholders section of our earlier press release, we reported incorrect dates. The correct dates are a payable date of March 31, 2021… [Read More]
Melcor Developments announces results for 2020 and increases dividend by 25% to $0.10 per share
EDMONTON, Alberta, March 17, 2021 (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, 2020. Revenue increased by 9% to $226.82 million in 2020 compared to $207.97… [Read More]