TSX · Real Estate - Development · CAD

Melcor Developments Ltd. (MRD.TO) Stock Analysis

Melcor Developments Ltd. (MRD.TO) is a Real Estate - Development stock listed on TSX and quoted in Canadian Dollar.

MRD.TO

CA$18.92

+CA$0.09 (+0.48%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MRD.TO Key Statistics

As of Sep 4, 2026

Trading

Open: CA$18.91
Previous Close: CA$18.83
Day's Range: 18.91–18.92
52-Week Range: 14.18–19.47
Volume: 900
Beta: 0.87

Valuation

Market Cap: CA$567.01M
P/E Ratio: 6.31
P/S ratio: 1.54
EPS (ttm): 3.00

Financials (FY)

Revenue (FY): CA$410.55M+17.47%
Net Income (FY): CA$58.02M+73.05%
Profit margin: 24.75%
Shares Outstanding: 29.97M
1-Year Return: +30.86%

Dividend and dates

Dividend: CA$0.60+3.17%
Ex-Dividend Date: September 15, 2026
Earnings Date: November 3, 2026
Avg Volume: 4.72K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MRD.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−25.87%+56.48%+28.65%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+28.65%
2025	+22.21%
2024	+18.84%
2023	+11.85%
2022	−21.77%
2021	+56.48%
2020	−25.87%
2019	+12.66%
2018	−16.62%
2017	+9.12%
2016 (partial year)	+1.84%

As of September 4, 2026.

MRD.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$410.55M	CA$58.02M	14.1%
2024	CA$349.50M	CA$33.53M	9.6%
2023	CA$315.24M	CA$62.98M	20.0%
2022	CA$241.75M	CA$89.35M	37.0%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$410.55M	CA$189.65M	CA$160.27M	CA$58.02M	14.1%
2024	CA$349.50M	CA$157.39M	CA$127.37M	CA$33.53M	9.6%
2023	CA$315.24M	CA$142.35M	CA$119.40M	CA$62.98M	20.0%
2022	CA$241.75M	CA$118.26M	CA$95.24M	CA$89.35M	37.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MRD.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$0.48+9.1% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.65	2	—
2025	CA$0.48	4	+9.1%
2024	CA$0.44	4	−31.3%
2023	CA$0.64	4	+10.3%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.65	2	—
2025	CA$0.48	4	+9.1%
2024	CA$0.44	4	−31.3%
2023	CA$0.64	4	+10.3%
2022	CA$0.58	4	+31.8%
2021	CA$0.44	4	+29.4%
2020	CA$0.34	4	−32.0%
2019	CA$0.50	4	−3.8%
2018	CA$0.52	4	+0.0%
2017	CA$0.52	4	+116.7%
2016	CA$0.24	2	—

Most recent payment: CA$0.33 per share, ex-dividend June 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MRD.TO Valuation vs Real Estate - Development Median

Median of 17 stocks

Metric	MRD.TO	Real Estate - Development median	vs median
P/E	6.31	8.30	24% below
P/S ratio	1.54	1.62	4% below
Profit margin	24.75%	3.41%	21.3 pts above

Medians across 17 Real Estate - Development stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The market values Melcor Developments Ltd. (MRD.TO) at CA$567.01M. It is classified in the Real Estate - Development industry, within the Real Estate sector. The company reports 140 employees.

The 52-week range on file runs from CA$14.18 to CA$19.47. The most recent close on file for MRD.TO is CA$18.92, dated September 4, 2026. That is +CA$0.09 (+0.48%) against the previous close. The latest close sits 33.43% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$410.55M. That is +17.47% against the prior fiscal year, when revenue was CA$349.50M. Net income for the same year was CA$58.02M. That is +73.05% against the prior fiscal year. The reported profit margin is 24.75%. That is 21.3 percentage points above the Real Estate - Development median of 3.41%. Earnings per share on a trailing basis come to 3.

Across the 4 fiscal years on file, revenue moves from CA$241.75M in 2022 to CA$410.55M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 6.31 times earnings. That is 23.98% below the Real Estate - Development median of 8.3. The price-to-sales ratio is 1.54. On price-to-sales that is 4.46% below the Real Estate - Development median of 1.62. The medians here are taken across 17 Real Estate - Development companies that report the metric.

Over the trailing twelve months the price has returned +30.86%. Across 10 years the annualized return works out at +7.32%. Beta against the wider market is reported at 0.87. Annualized volatility over the trailing 10 years is 28.82%.

Growth & Income

MRD.TO pays a dividend yielding 3.17%. That is 0.4 percentage points below the Real Estate - Development median yield of 3.55%. The indicated annual rate is CA$0.60 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$0.65 a share. The year before, 2025, totalled CA$0.48 a share.

Across the complete calendar years on file, 2021 returned +56.48% and 2020 returned −25.87%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the price is +28.65%.

Peer Comparison

Melcor Developments Ltd. (MRD.TO) operates in the Real Estate - Development industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Melcor Developments Ltd.	MRD.TO	CA$567.01M	6.3
Howard Hughes Holdings Inc.	HHH	CA$3.83B	12.6
Century Communities, Inc.	CCS	CA$1.83B	14.2
Forestar Group Inc.	FOR	CA$1.42B	8.3

The Real Estate - Development industry average P/E ratio is 8.3x. Melcor Developments Ltd. trades at a P/E of 6.3.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Melcor Developments Ltd.

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, and Golf divisions. The company develops, owns, and manages mixed-use residential, business industrial parks, office buildings, retail commercial centers, and golf courses. It also purchases and develops land to be sold as residential communities, industrial, and commercial projects; develops and leases retail, office, and industrial properties; and owns and leases commercial, retail, and residential properties, as well as parking lots and land. In addition, the company owns and manages 18-hole golf courses. The company was founded in 1923 and is based in Edmonton, Canada. Melcor Developments Ltd. operates as a subsidiary of Melton Holdings Ltd.

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