Melcor Developments announces results for 2025, declares quarterly dividend of $0.15 per share and special dividend of $0.35 per share
View original at globenewswire.comMelcor Developments announces results for 2025, declares quarterly dividend of $0.15 per share and special dividend of $0.35 per share EDMONTON, Alberta, March 10, 2026 (GLOBE NEWSWIRE) -- Melcor Developments Ltd…
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Despite the large cash outlay required for the REIT transaction, we have reduced our general debt in the past 12 months by $62.60 million to $548.74 million
80% confidenceOngoing migration to Alberta is anticipated to support demand for serviced residential lots and contribute to the continued shift toward suburban communities
80% confidenceBy bringing the REIT's assets back under a single corporate structure, we reunited ownership and operations
80% confidenceManagement believes that FFO is a more accurate representation of true operating performance
80% confidenceThese results reflect strong execution and were achieved amid a dynamic economic environment characterized by global trade tensions, moderated interest rates, and rising construction costs
80% confidenceLooking ahead to 2026, we expect continued moderate strength in both residential and commercial development
80% confidenceMelcor remains cautiously optimistic and committed to a disciplined, conservative operating approach
80% confidenceThis achievement was realized while maintaining a conservative balance sheet and a disciplined, long-term approach to value creation
80% confidenceAlberta's positive employment environment and population growth trends are expected to further reinforce development activity
80% confidenceFollowing an exceptional year, the Board has declared a special dividend of $0.35 per share, reflecting our commitment to returning capital to shareholders
80% confidenceThere is potential for improved land sales within our U.S. operations as market conditions evolve
80% confidenceLand division had an exceptional year, with revenues up 28.7% to $292.49 million
80% confidence2025 marks a milestone year for Melcor, with revenues exceeding $400 million and funds from operations exceeding $100 million, both for the first time in Melcor's history
80% confidenceAlberta's market demonstrated resilience throughout the year, with demand for new development activity remaining stable
80% confidence