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

Reuters
03/11
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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