Melcor Developments Ltd. (MRD.TO) Research
Melcor Developments Ltd. is a real estate development and management firm with operations spanning the United States and Canada. The company segments its business into Community Development, Property Development, REIT, Investment Property, and Recreational Property. Melcor's extensive activities encompass the creation, management, and ownership of diverse properties, including master-planned residential communities, business and industrial parks, office buildings, retail centers, and golf facilities. Its core operations involve acquiring land for development into residential, industrial, and commercial lots for sale, as well as constructing and leasing retail, office, and industrial properties. Furthermore, Melcor owns and leases a variety of commercial, retail, and residential assets, alongside parking lots and undeveloped land. A specific highlight of its recreational portfolio is the ownership and management of three 18-hole golf courses. Established in 1923, Melcor Developments Ltd. maintains its corporate headquarters in Edmonton, Canada.
Market snapshot
- Symbol
- MRD.TO
- Price
- $18.51
- Day change
- -0.43%
- Market cap
- $556.0M
- P/E ratio
- 7.31x
- 52-week range
- 13.54-19.34
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Next earnings
- in 2 months
Peer companies
- Automotive Properties Real Estate Investment Trust (APR-UN.TO)
- BTB Real Estate Investment Trust (BTB-UN.TO)
- Genesis Land Development Corp. (GDC.TO)
- Minto Apartment Real Estate Investment Trust (MI-UN.TO)
- Madison Pacific Properties Inc. (MPC.TO)
- Morguard Real Estate Investment Trust (MRT-UN.TO)
- Nexus Industrial REIT (NXR-UN.TO)
- Plaza Retail REIT (PLZ-UN.TO)
Open Melcor Developments Ltd. (MRD.TO) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.