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Melcor Real Estate Investment Trust
TSX:MR.UN

Watchlist Manager
Melcor Real Estate Investment Trust Logo
Melcor Real Estate Investment Trust
TSX:MR.UN
Watchlist
Price: 3.22 CAD 2.88% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Melcor Real Estate Investment Trust is an open-ended real estate investment trust, which engages in the acquisition, management and lease of commercial properties. [ Read More ]

The intrinsic value of one MR.UN stock under the Base Case scenario is 45.79 CAD. Compared to the current market price of 3.22 CAD, Melcor Real Estate Investment Trust is Undervalued by 93%.

Key Points:
MR.UN Intrinsic Value
Base Case
45.79 CAD
Undervaluation 93%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

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Financials

Balance Sheet Decomposition
Melcor Real Estate Investment Trust

Current Assets 40.2m
Cash & Short-Term Investments 3.3m
Receivables 2.1m
Other Current Assets 34.8m
Non-Current Assets 660.8m
Long-Term Investments 630m
Other Non-Current Assets 30.8m
Current Liabilities 152.6m
Accounts Payable 8.1m
Accrued Liabilities 759k
Short-Term Debt 37.9m
Other Current Liabilities 105.9m
Non-Current Liabilities 349.1m
Long-Term Debt 279.6m
Other Non-Current Liabilities 69.5m
Efficiency

Earnings Waterfall
Melcor Real Estate Investment Trust

Revenue
73.9m CAD
Cost of Revenue
-31.2m CAD
Gross Profit
42.7m CAD
Operating Expenses
-3.1m CAD
Operating Income
39.5m CAD
Other Expenses
-23.2m CAD
Net Income
16.3m CAD

Free Cash Flow Analysis
Melcor Real Estate Investment Trust

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

MR.UN Profitability Score
Profitability Due Diligence

Melcor Real Estate Investment Trust's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive Free Cash Flow
ROE is Increasing
55/100
Profitability
Score

Melcor Real Estate Investment Trust's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

MR.UN Solvency Score
Solvency Due Diligence

Melcor Real Estate Investment Trust's solvency score is 29/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Average D/E
Short-Term Solvency
Positive Net Debt
29/100
Solvency
Score

Melcor Real Estate Investment Trust's solvency score is 29/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MR.UN Price Targets Summary
Melcor Real Estate Investment Trust

Wall Street analysts forecast MR.UN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MR.UN is 3.32 CAD with a low forecast of 3.28 CAD and a high forecast of 3.41 CAD.

Lowest
Price Target
3.28 CAD
2% Upside
Average
Price Target
3.32 CAD
3% Upside
Highest
Price Target
3.41 CAD
6% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MR.UN Price
Melcor Real Estate Investment Trust

1M 1M
+18%
6M 6M
-29%
1Y 1Y
-39%
3Y 3Y
-38%
5Y 5Y
-40%
10Y 10Y
-36%
Annual Price Range
3.22
52w Low
2.39
52w High
5.3382
Price Metrics
Average Annual Return 4.11%
Standard Deviation of Annual Returns 36.18%
Max Drawdown -66%
Shares Statistics
Market Capitalization 41.7m CAD
Shares Outstanding 12 960 000
Percentage of Shares Shorted 0.05%

MR.UN Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Melcor Real Estate Investment Trust Logo
Melcor Real Estate Investment Trust

Country

Canada

Industry

Real Estate

Market Cap

41.7m CAD

Dividend Yield

14.86%

Description

Melcor Real Estate Investment Trust is an open-ended real estate investment trust, which engages in the acquisition, management and lease of commercial properties. The company is headquartered in Edmonton, Alberta. The company went IPO on 2013-05-01. The Company’s principal business is to acquire, own and manage office, retail and industrial properties in select markets across Western Canada. The properties are externally managed, administered and operated by Melcor Developments Ltd. (Melcor). Its portfolio consists of interests in approximately 39 properties representing approximately 3.22 million square feet of gross leasable area located Alberta and in Regina, Saskatchewan, and Kelowna, British Columbia. The Company’s growth strategies are to acquire and improve. The company continues to execute on this by improving assets with value-add investments and strategically growing its portfolio. Its relationship with Melcor, with a right on the commercial properties they develop is a key competitive advantage. Melcor has approximately five million square feet in planned commercial developments.

Contact

ALBERTA
Edmonton
900, 10310 Jasper Avenue
+18556736930.0
http://www.melcorreit.ca/

IPO

2013-05-01

Employees

-

Officers

CEO & Trustee
Mr. Andrew John Melton
CFO, Corporate Secretary & Trustee
Ms. Naomi Marie Stefura C.A.
Director of Corporate Communications & Investor Relations
Ms. Nicole Forsythe
Senior Vice-President of Investment Properties
Randy Ferguson

See Also

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