Melcor Real Estate Investment Trust

MR.UN

CA58546R1091

Commercial REITs

Market Closed - Toronto S.E. Other stock markets 03:59:49 2024-05-02 pm EDT			5-day change	1st Jan Change
2.99 ^CAD	-0.66%		-0.66%	-27.95%

Apr. 17	Melcor REIT Appoints New Trustees, Updates Strategic Review	MT
Apr. 17	Melcor Real Estate Investment Trust Announces Appointment of Barry James and Brandon Kot as New Trustees	CI

Melcor Real Estate Investment Trust Announces Suspension of Its Monthly Distribution

March 05, 2024 at 08:47 pm EST

On February 22, 2024, Melcor Real Estate Investment Trust announced the suspension of its monthly distribution which is expected to enable the REIT to retain approximately $1.2 million of cash, monthly, improving the REIT's financial flexibility moving forward.

Latest news about Melcor Real Estate Investment Trust

Melcor REIT Appoints New Trustees, Updates Strategic Review	Apr. 17	MT
Melcor Real Estate Investment Trust Announces Appointment of Barry James and Brandon Kot as New Trustees	Apr. 16	CI
Melcor REIT Brief: Q4 Revenue Up 64% to $125.13 million; Funds from operations (FFO) Up 68% to $37.56 million; Basic EPS down 70% to $0.34 per share	Mar. 13	MT
Melcor REIT Brief: Declaring $0.11 per share dividend	Mar. 13	MT
Melcor REIT Brief: "Significant" Unitholder FC Private Equity Realty Management Corp. Sends Letter, Says "Disappointed with Consistent Disconnect between the REIT's Trading Price and Net Asset Value"	Mar. 13	MT
Melcor REIT Price Target Lowered to $3.25 at RBC	Mar. 07	MT
Transcript : Melcor Real Estate Investment Trust, Q4 2023 Earnings Call, Mar 06, 2024	Mar. 06
Melcor REIT Reports Q4 2023 AFFO of $0.12 Per Basic Unit, Provides Outlook	Mar. 06	MT
Melcor Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI
Melcor Real Estate Investment Trust Announces Suspension of Its Monthly Distribution	Mar. 05	CI
Melcor REIT Brief: Announcing Commencement of Strategic Review Process and Suspension of Distribution	Feb. 22	MT
Melcor REIT Announces Commencement of Strategic Review Process	Feb. 21	CI
Melcor Real Estate Investment Trust Announces Board Resignations, Effective March 5, 2024	Feb. 06	CI
Melcor Real Estate Investment Trust Announces January Distribution, Payable on February 15, 2024	Jan. 15	CI
Melcor Real Estate Investment Trust Declares Cash Distribution for the Month of December 2023, Payable on January 15, 2024	Dec. 15	CI
Melcor Real Estate Investment Trust Announces Cash Distribution for the Month of November 2023, Payable on December 15, 2023	Nov. 15	CI
Transcript : Melcor Real Estate Investment Trust, Q3 2023 Earnings Call, Nov 03, 2023	Nov. 03
Melcor REIT Brief: Q3 Revenue was up 1% at $18.29 million; Funds from operations (FFO) was down 4% to $6.03 million or $0.21 per unit	Nov. 02	MT
Melcor Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
Transcript : Melcor Real Estate Investment Trust, Q2 2023 Earnings Call, Jul 31, 2023	23-07-31
Melcor REIT Brief: Announced delay in filing its Q2 financial statements; Now expected to be filed after the close of markets today	23-07-28	MT
Melcor Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
Melcor REIT Brief: Revenue was stable at $18.12 million in Q2 and $37.11 million year-to-date; Q2 same-asset NOI was up 4% to $11.02 million and was up 1% year-to-date at $21.92 million	23-07-27	MT
Transcript : Melcor Real Estate Investment Trust, Q1 2023 Earnings Call, May 03, 2023	23-05-03
Melcor REIT's Q1 Adjusted FFO Falls, Revenue Remained Stable	23-05-03	MT

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Company Profile

Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Companyâs principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta and in Regina, Saskatchewan, and Kelowna, British Columbia. Melcor has approximately five million square feet in planned commercial developments. Its portfolio of properties is located across Canada in various cities, which include Coast Home Centre in Edmonton; Kingsview Market in Airdrie; Birks Building in Edmonton; Capilano Centre in Edmonton; Crowfoot Business Centre in Calgary; Parliament Place in Regina, Melton Building in Alberta, and others. The properties are externally managed, administered and operated by Melcor Developments Ltd. (Melcor).

Sector

Commercial REITs

Calendar

2024-05-07 - Q1 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.99 CAD

Average target price

3.25 CAD

Spread / Average Target

+8.70%

Consensus

Chiffre d''affaires - Rate of surprise

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Sector Other Commercial REITs

	1st Jan change	Capi.
MELCOR REAL ESTATE INVESTMENT TRUST	-27.95%	28.28M
REALTY INCOME CORPORATION	-4.37%	47.29B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	-6.78%	20.67B
SEGRO PLC	-1.76%	13.31B
UNIBAIL-RODAMCO-WESTFIELD SE	+17.78%	11.69B
CAPITALAND INTEGRATED COMMERCIAL TRUST	-6.31%	9.72B
FEDERAL REALTY INVESTMENT TRUST	+1.80%	8.7B
CAPITALAND ASCENDAS REIT	-15.18%	8.38B
KLÉPIERRE	+3.24%	7.77B
FIBRA UNO	-18.65%	5.53B

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