Melcor Developments Ltd. (MODVF)
Melcor Developments Ltd. operates in the Real Estate - Development industry of the Real Estate sector, headquartered in Edmonton, AB, CA. The stock last traded at $13.17, up 2.81% on the session, giving a market capitalisation of $395.6M. On trailing twelve-month figures it carries a trailing P/E of 7.28, a net margin of 18.8%. Its beta of 0.88 implies it has historically moved less than the broad market.
Melcor Developments Ltd., established in 1923 and headquartered in Edmonton, Canada, is a prominent real estate development firm operating across both the United States and Canada. The company segments its operations into Community Development, Property Development, REIT, Investment Property, and Recreational Property divisions. Melcor's core business involves the development, management, and ownership of a diverse portfolio of assets, including integrated residential communities, business and industrial parks, office buildings, retail complexes, and golf courses. Its activities range from acquiring and preparing land for sale as residential, industrial, and commercial lots, to constructing and leasing various retail, office, and industrial properties. Furthermore, Melcor holds and leases a variety of commercial, retail, and residential properties, along with parking facilities and undeveloped land. A notable aspect of its operations is the ownership and management of three distinct 18-hole golf courses.
Melcor Developments Ltd. is most often compared with the following Real Estate names: