Melcor Development L (MODVF) 21.2606 $MODVF
Melcor Reports Second Quarter Results
Marketwire - Fri Aug 08, 5:22AM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the six months ended June 30, 2014. Revenue grew 6% to $98.07 million year-to-date compared to $92.35 million in 2013. Strong demand for single-family lots and multi-family land in Alberta and growth in gross leasable area under management were the primary contributors to this growth.
Acquisition of Shares of Melcor Developments Ltd. ("Melcor"
Marketwire - Thu Aug 07, 7:31AM CDT
Further to disclosure requirements of applicable securities laws, Melton Holdings Ltd. ("Melton Holdings" reports that on August 6th, 2014:
Melcor Developments Ltd. Announces Common Share Market Price for Redemption of Debentures
Marketwire - Fri Aug 01, 6:01AM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, is pleased to announce that upon redemption of its currently outstanding $40.0 million 6.25% Convertible Unsecured Subordinated Debentures (the "Debentures" due February 8, 2017, for which a redemption notice was issued on June 24, 2014, common shares of the Company (the "Common Shares" , each with an issue price of $24.66 (the "Redemption Issue Price" , will be issued to satisfy the principal amount of the Debentures. Consequently, holders of Debentures who have not elected to convert their Debentures on or prior to August 7, 2014, will receive 40.56 Common Shares for each $1,000 principal amount of Debentures redeemed plus a cash payment for accrued unpaid interest up to, but excluding, the August 8, 2014 redemption date (the "Redemption Date" .
Melcor Developments Ltd. Announces Notice of Redemption of Debentures
Marketwire - Wed Jun 25, 6:02AM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced that it is issuing a notice of redemption to holders of its currently outstanding $40.0 million 6.25% Convertible Unsecured Subordinated Debentures due February 8, 2017 (the "Debentures" . As set out in the notice of redemption, the redemption date of the Debentures will be August 8, 2014 (the "Redemption Date" . The Debentures are redeemable for an amount (the "Redemption Price" equal to principal amount of the Debentures plus accrued unpaid interest up to, but excluding, the Redemption Date.
Melcor Reports Record Results for Its 90th Year of Business
Marketwire - Wed Mar 12, 5:29PM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company reported solid results for the fourth quarter and year ended December 31, 2013. Revenue was a record $303.74 million, an increase of 10.5% over 2012 and total assets grew 19.4% to $1.73 billion. Fair value gains of $47.57 million were recorded in 2013, a decrease of 19.5% compared to 2012. Net income decreased by 6.1% to $98.62 million or $3.24 per share as a result of lower fair value gains in 2013 and one time adjustments related to the formation of Melcor REIT. Adjusted earnings, which reflect our proportionate interest in the earnings for the REIT, were $110.44 million or $3.63 per share, also a company record. This is compared to $105.02 million or $3.49 per share in 2012. Management considers adjusted earnings and adjusted earnings per share a clearer measure of operational and relative performance.
Melcor Reports Strong Second Quarter Results
Marketwire - Tue Aug 13, 5:32PM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development company, today reported strong results for the quarter ended June 30, 2013. Revenue increased by 45% to $50.74 million in the second quarter compared to Q2-12 and by 35% to $92.35 million year-to-date. Melcor earned net income of $10.21 million or $0.34 per share (basic) in Q2-13, a decrease of 46% over Q2-12. Year-to-date net income was $22.83 million, a decrease of 8% over the first six months of 2012. The decline in net income is the result of one-time costs relating to the formation of Melcor REIT.
Melcor Reports Strong Results for Q1-13, Declares Dividend of $0.25 Per Share, Announces Special Dividend of $0.50 Per Share
Marketwire - Thu May 09, 6:27PM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development company, today reported strong results for the quarter ended March 31, 2013. Melcor earned net income of $12.62 million or $0.42 per share (basic), an increase of 116% over the comparable period of 2012. Revenue was $41.62 million, an increase of 25%.
Melcor Announces Retirement of Ralph B. Young; Brian Baker Named as Successor
Marketwire - Wed Mar 06, 6:51PM CST
- Melcor Developments Ltd. (TSX: MRD)
IIROC Trade Resumption - MRD (all issues)
CNW Group - Tue Jan 08, 12:52PM CST
Trading resumes in:
Melcor Developments Ltd. Announces Commencement of Strategic Process
Marketwire - Tue Jan 08, 12:39PM CST
Melcor Developments Ltd. ("Melcor" or the "Company" (TSX: MRD) today announced that it has commenced a strategic process to advance its business interests through the creation of a Real Estate Investment Trust ("REIT" in which the Company would maintain a significant interest. The Company is considering vending a substantial portion of its income-producing assets into this new vehicle. This process would provide capital to the Company, and allow it to grow and continue to pursue numerous value creating opportunities in strong western Canadian economies. A Special Committee of independent Directors of the Board, Chaired by Gordon Clanachan, has been constituted to oversee the strategic process.
Melcor Reports Second Quarter Results
Marketwire - Fri Aug 08, 5:22AM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the six months ended June 30, 2014. Revenue grew 6% to $98.07 million year-to-date compared to $92.35 million in 2013. Strong demand for single-family lots and multi-family land in Alberta and growth in gross leasable area under management were the primary contributors to this growth.
Acquisition of Shares of Melcor Developments Ltd. ("Melcor"
Marketwire - Thu Aug 07, 7:31AM CDT
Further to disclosure requirements of applicable securities laws, Melton Holdings Ltd. ("Melton Holdings"
reports that on August 6th, 2014: Melcor Developments Ltd. Announces Common Share Market Price for Redemption of Debentures
Marketwire - Fri Aug 01, 6:01AM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, is pleased to announce that upon redemption of its currently outstanding $40.0 million 6.25% Convertible Unsecured Subordinated Debentures (the "Debentures"
due February 8, 2017, for which a redemption notice was issued on June 24, 2014, common shares of the Company (the "Common Shares" , each with an issue price of $24.66 (the "Redemption Issue Price" , will be issued to satisfy the principal amount of the Debentures. Consequently, holders of Debentures who have not elected to convert their Debentures on or prior to August 7, 2014, will receive 40.56 Common Shares for each $1,000 principal amount of Debentures redeemed plus a cash payment for accrued unpaid interest up to, but excluding, the August 8, 2014 redemption date (the "Redemption Date" . Melcor Developments Ltd. Announces Notice of Redemption of Debentures
Marketwire - Wed Jun 25, 6:02AM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today announced that it is issuing a notice of redemption to holders of its currently outstanding $40.0 million 6.25% Convertible Unsecured Subordinated Debentures due February 8, 2017 (the "Debentures"
. As set out in the notice of redemption, the redemption date of the Debentures will be August 8, 2014 (the "Redemption Date" . The Debentures are redeemable for an amount (the "Redemption Price" equal to principal amount of the Debentures plus accrued unpaid interest up to, but excluding, the Redemption Date. Melcor Reports Record Results for Its 90th Year of Business
Marketwire - Wed Mar 12, 5:29PM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company reported solid results for the fourth quarter and year ended December 31, 2013. Revenue was a record $303.74 million, an increase of 10.5% over 2012 and total assets grew 19.4% to $1.73 billion. Fair value gains of $47.57 million were recorded in 2013, a decrease of 19.5% compared to 2012. Net income decreased by 6.1% to $98.62 million or $3.24 per share as a result of lower fair value gains in 2013 and one time adjustments related to the formation of Melcor REIT. Adjusted earnings, which reflect our proportionate interest in the earnings for the REIT, were $110.44 million or $3.63 per share, also a company record. This is compared to $105.02 million or $3.49 per share in 2012. Management considers adjusted earnings and adjusted earnings per share a clearer measure of operational and relative performance.
Melcor Reports Strong Second Quarter Results
Marketwire - Tue Aug 13, 5:32PM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development company, today reported strong results for the quarter ended June 30, 2013. Revenue increased by 45% to $50.74 million in the second quarter compared to Q2-12 and by 35% to $92.35 million year-to-date. Melcor earned net income of $10.21 million or $0.34 per share (basic) in Q2-13, a decrease of 46% over Q2-12. Year-to-date net income was $22.83 million, a decrease of 8% over the first six months of 2012. The decline in net income is the result of one-time costs relating to the formation of Melcor REIT.
Melcor Reports Strong Results for Q1-13, Declares Dividend of $0.25 Per Share, Announces Special Dividend of $0.50 Per Share
Marketwire - Thu May 09, 6:27PM CDT
Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development company, today reported strong results for the quarter ended March 31, 2013. Melcor earned net income of $12.62 million or $0.42 per share (basic), an increase of 116% over the comparable period of 2012. Revenue was $41.62 million, an increase of 25%.
Melcor Announces Retirement of Ralph B. Young; Brian Baker Named as Successor
Marketwire - Wed Mar 06, 6:51PM CST
- Melcor Developments Ltd. (TSX: MRD)
IIROC Trade Resumption - MRD (all issues)
CNW Group - Tue Jan 08, 12:52PM CST
Trading resumes in:
Melcor Developments Ltd. Announces Commencement of Strategic Process
Marketwire - Tue Jan 08, 12:39PM CST
Melcor Developments Ltd. ("Melcor" or the "Company"
(TSX: MRD) today announced that it has commenced a strategic process to advance its business interests through the creation of a Real Estate Investment Trust ("REIT" in which the Company would maintain a significant interest. The Company is considering vending a substantial portion of its income-producing assets into this new vehicle. This process would provide capital to the Company, and allow it to grow and continue to pursue numerous value creating opportunities in strong western Canadian economies. A Special Committee of independent Directors of the Board, Chaired by Gordon Clanachan, has been constituted to oversee the strategic process. 
