Melcor Developments Ltd. (MRD.TO)
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 $18.39, up 0.33% on the session, giving a market capitalisation of $552.4M. Its beta of 0.88 implies it has historically moved less than the broad market.
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.
Melcor Developments Ltd. is most often compared with the following Real Estate names: