EDMONTON, Alberta, Aug. 06, 2024 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (“Melcor”) (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the second quarter ended June 30, 2024. The second quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or on SEDAR+ (www.sedarplus.ca).Timothy Melton, Melcor’s Executive Chair and Chief Executive Officer, commented: “Melcor is pleased to report results for the second quarter of 2024. Revenue for the quarter increased 6.8% to $69.71 million (Q2-2023: $65.25 million), and 17.9% to $119.46 million year-to-date (2023: $101.32 million). Funds from operations increased 15.4% to $20.12 million in the quarter (Q2-2023: $17.43 million), and 38.3% to $33.86 million year-to-date (2023: $24.48 million).Alberta’s land and housin …
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