CORRECTED-Canada's Melcor Developments Q4 revenue rises, company declares special dividend

Reuters03-11

CORRECTED-Canada's Melcor Developments Q4 revenue rises, company declares special dividend

Corrects period in Result Drivers to full-year 2025 from Q4

Overview

Canada real estate developer's Q4 revenue rose 9.7% yr/yr, driven by strong land sales
Q4 net income declined 2.3% yr/yr, while FFO rose 12.4%
Company declared C$0.35 special and C$0.15 regular dividend for Q1 2026

Outlook

Melcor expects moderate strength in residential and commercial development in 2026
Melcor sees potential for improved U.S. land sales as market conditions evolve

Result Drivers

LAND SALES - Annual revenue growth was driven by strong performance in the Land division, including a major sale of unserviced land in Arizona in early 2025
ASSET DISPOSITIONS - Properties division revenue declined in 2025 due to the sale of non-core commercial properties, as part of a portfolio reshaping strategy

Company press release: ID:nGNX1dTrPY

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		C$187.12 mln
Q4 Net Income		C$31.65 mln
Q4 FFO		C$48.82 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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