Melcor Developments (TSE:MRD) Releases Earnings Results

Melcor Developments (TSE:MRD) released its quarterly earnings data on Thursday. The company reported C$0.73 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$61.99 million for the quarter. Melcor Developments had a net margin of 18.80% and a return on equity of 6.06%.

Melcor Developments Trading Up 0.3%

Shares of TSE MRD opened at C$18.50 on Friday. The company has a debt-to-equity ratio of 39.23, a current ratio of 4.21 and a quick ratio of 2.65. The stock has a market capitalization of C$554.74 million, a P/E ratio of 7.37 and a beta of 0.45. Melcor Developments has a 1-year low of C$14.18 and a 1-year high of C$19.47. The business has a fifty day moving average price of C$18.61 and a 200 day moving average price of C$18.00.

Melcor Developments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, June 15th. Melcor Developments’s payout ratio is presently 20.72%.

About Melcor Developments

Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high-quality finished product in both residential and commercial built form. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona and Colorado. Melcor has been focused on real estate since 1923.