Latest news with #MelcorDevelopmentsLtd
Toronto Star
2 days ago
- Business
- Toronto Star
Melcor Developments announces second quarter results, declares quarterly dividend of $0.13 per share
EDMONTON, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) — Melcor Developments Ltd. ('Melcor') (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second quarter ended June 30, 2025. The second quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website ( under Investors, or on SEDAR+ ( Timothy Melton, Melcor's Executive Chair and Chief Executive Officer, commented: 'Melcor is pleased to report results for the second quarter of 2025. Consolidated revenues year-to-date reached $150.88 million, a 26.3% increase over 2024 . Gross margin also saw an improvement, which was up to 54.6%, from a gross margin of 49.1% to date last year. Funds from operations increased 36.7% to $85.96 million year-to-date (2024: $62.88 million) the result of strong performance across our operating divisions.
Yahoo
24-06-2025
- Business
- Yahoo
Melcor announces election of directors
EDMONTON, Alberta, June 24, 2025 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, announced the results of its annual general meeting (AGM), held today. A total of 24,073,887 shares were voted in person or by proxy, representing 79.59% of the outstanding shares as of the record date. Shareholders approved all items of business before the AGM, including the election of directors as follows: Nominee Votes For % Votes For Votes Withheld % Votes Withheld Douglas Goss 23,056,154 96.37% 869,497 3.63% Andrew Melton 23,043,154 96.31% 882,497 3.69% Kathleen Melton 23,041,454 96.30% 884,197 3.70% Timothy Melton 23,043,654 96.31% 881,997 3.69% Bruce Pennock 23,056,154 96.37% 869,497 3.63% Janet Riopel 23,044,854 96.32% 880,797 3.68% Catherine Roozen 23,023,054 96.23% 902,597 3.77% Ralph Young 23,043,154 96.31% 882,497 3.69% About Melcor Developments Ltd. Melcor is a diversified real estate development and asset management company with a rich heritage of innovation in real estate since 1923. Through integrated operating divisions, Melcor manages the full life cycle of real estate development: acquiring raw land, community planning, construction and development, and managing revenue-producing office, retail and residential assets. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor is committed to building communities that enrich quality of life – communities where people live, work, shop and play. Contact Information: Investor Relations780-945-4795ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
