Melcor Developments (TSE:MRD) Announces Quarterly Earnings Results

Melcor Developments (TSE:MRD) released its earnings results on Thursday. The company reported C$0.76 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$45.37 million for the quarter. Melcor Developments had a return on equity of 4.65% and a net margin of 14.13%.

Melcor Developments Stock Down 0.4%

Melcor Developments stock opened at C$18.47 on Friday. Melcor Developments has a twelve month low of C$12.14 and a twelve month high of C$19.34. The company has a debt-to-equity ratio of 43.27, a quick ratio of 2.65 and a current ratio of 5.23. The firm has a market cap of C$555.13 million, a PE ratio of 9.67 and a beta of 0.50. The firm’s 50 day moving average price is C$18.16 and its two-hundred day moving average price is C$16.39.

Melcor Developments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a $0.15 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.60 annualized dividend and a yield of 3.2%. This is a boost from Melcor Developments’s previous quarterly dividend of $0.13. Melcor Developments’s dividend payout ratio (DPR) is currently 25.13%.

About Melcor Developments

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.