Melcor Developments Ltd.
MRD.TO (TSX: MRD) TSXAt a glance
- Up 27.5% over the past year; the S&P/TSX Composite rose 20.0%.
- P/E 6.1 — lower than 82% of Real Estate peers (17 companies).
- Market cap $569.4M; average daily dollar volume $108K over the past 3 months — Moderate liquidity.
- Pays a 3.14% trailing dividend yield (as of 2026-11-12).
- No published plan for this ticker.
- 1-year volatility 16.8% (annualized); largest fall from a peak over the past year -9.8%.
Price chart
Split- and dividend-adjusted. All three lines are rebased to 100 at the start of the range, so the chart compares moves, not prices. L marks a LONG plan, S a SHORT plan — each links to that session's day page.
Monthly closes (table version, last 5 years)
| Month | Close |
|---|---|
| 2021-12 | 14.24 |
| 2022-01 | 14.62 |
| 2022-02 | 14.88 |
| 2022-03 | 17.49 |
| 2022-04 | 15.43 |
| 2022-05 | 15.43 |
| 2022-06 | 12.09 |
| 2022-07 | 14.07 |
| 2022-08 | 12.15 |
| 2022-09 | 10.84 |
| 2022-10 | 10.69 |
| 2022-11 | 10.90 |
| 2022-12 | 10.65 |
| 2023-01 | 11.61 |
| 2023-02 | 12.08 |
| 2023-03 | 12.03 |
| 2023-04 | 11.58 |
| 2023-05 | 11.27 |
| 2023-06 | 11.35 |
| 2023-07 | 11.40 |
| 2023-08 | 11.82 |
| 2023-09 | 12.24 |
| 2023-10 | 11.22 |
| 2023-11 | 11.53 |
| 2023-12 | 11.26 |
| 2024-01 | 11.75 |
| 2024-02 | 11.54 |
| 2024-03 | 11.49 |
| 2024-04 | 11.34 |
| 2024-05 | 11.85 |
| 2024-06 | 11.60 |
| 2024-07 | 12.15 |
| 2024-08 | 12.39 |
| 2024-09 | 13.22 |
| 2024-10 | 12.99 |
| 2024-11 | 13.24 |
| 2024-12 | 12.90 |
| 2025-01 | 12.77 |
| 2025-02 | 12.66 |
| 2025-03 | 12.41 |
| 2025-04 | 12.09 |
| 2025-05 | 13.91 |
| 2025-06 | 13.86 |
| 2025-07 | 14.33 |
| 2025-08 | 15.16 |
| 2025-09 | 15.10 |
| 2025-10 | 14.75 |
| 2025-11 | 15.50 |
| 2025-12 | 15.24 |
| 2026-01 | 16.22 |
| 2026-02 | 17.30 |
| 2026-03 | 18.17 |
| 2026-04 | 18.54 |
| 2026-05 | 17.93 |
| 2026-06 | 18.60 |
| 2026-07 | 18.85 |
| 2026-08 | 18.75 |
| 2026-09 | 18.50 |
| 2026-10 | 18.65 |
| 2026-11 | 19.00 |
The Composite is proxied by XIU.TO (iShares S&P/TSX 60 Index ETF); the database holds no Composite index series. The sector fund is a fund, never the index.
Performance
Over the past year the stock is up 27.5% against +20.0% for the Composite — 7.5 points ahead.
| Metric | 1W | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|---|
| Stock | +0.1% | +1.1% | +3.3% | +4.9% | +24.7% | +27.5% | +17.4% | +5.8% |
| Sector fund (XRE.TO) | -2.1% | +0.6% | -6.3% | -4.7% | +0.5% | -1.2% | +2.1% | -5.9% |
| Composite (XIU.TO, proxy) | +1.8% | +2.8% | -0.1% | +9.4% | +16.1% | +20.0% | +22.0% | +10.5% |
| Difference vs Composite | -1.7% | -1.7% | +3.4% | -4.5% | +8.6% | +7.5% | -4.5% | -4.7% |
3Y and 5Y are annualized from 3Y. The Composite is proxied by XIU.TO; the sector fund is iShares S&P/TSX Capped REIT Index ETF (XRE.TO).
Risk and trading
1-year volatility +16.8% (annualized); largest fall from a peak -9.8% (Apr 23, 2026 to May 21, 2026); beta 0.39 against the Composite (2Y weekly).
| Volatility (1Y, annualized) | +16.8% |
| Maximum drawdown (1Y) | -9.8% (Apr 23, 2026 to May 21, 2026) |
| Beta (2Y weekly, vs Composite) | 0.39 |
| Average daily volume (3M) | 5,792 |
| Dollar volume (3M, average per day) | $108K |
| Liquidity | Moderate (High: $1M or more a day; Moderate: $100K or more; Low: under $100K, by average daily dollar volume.) |
Valuation
P/E 6.1 — lower than 82% of Real Estate peers (17 companies). The sector median P/E is 10.2.
| Multiple | Value | Against sector peers |
|---|---|---|
| P/E (TTM) | 6.1 | Lower than 82% of peers (17 companies; median 10.2) |
| Earnings yield | 16.42% | — |
| P/B | 0.43 | Lower than 79% of peers (19 companies; median 0.62) |
| P/S | Not available: Not available — needs TTM revenue; see financials. | — |
| EV/EBITDA | 7.6 | Lower than 71% of peers (14 companies; median 17.4) |
| Dividend yield | 3.14% | — |
| Payout ratio | Not available: Not available — no stored dividend history yet. | — |
Each multiple is shown against the sector median of the pages' universe as a percentile: "lower than 25% of peers" means the value sits below 25% of them. Valuation multiples are from the Nov 12, 2026 snapshot, and are always printed with that date.
More: dividend rate and earnings yield
Dividend rate: 0.60. Earnings yield is earnings per share divided by price — the inverse of P/E.
Financials
Revenue $410.5M in 2025 (TTM $367.0M); net income $58.0M; free cash flow $92.9M. Reporting currency: CAD.
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $241.7M | $315.2M | $349.5M | $410.5M | $367.0M |
| Gross margin | 48.9% | 45.2% | 45.0% | 46.2% | — |
| Net income | $89.4M | $63.0M | $33.5M | $58.0M | $90.9M |
| Free cash flow | $17.6M | $48.1M | $97.7M | $92.9M | $33.8M |
| Diluted shares | 31,248,628 | 30,662,453 | 30,367,626 | 30,102,605 | — |
Revenue by year
Free cash flow by year
| Cash | $74.9M |
| Total debt | $548.7M |
| Debt-to-equity | 0.43 |
| Operating margin (latest snapshot, Nov 12, 2026) | 35.0% |
Figures as reported in stored financials; reporting currency CAD. Operating margin is not stored per year, so the latest snapshot value is shown. TTM covers 2025-09-30, 2025-12-31, 2026-03-31, 2026-06-30.
Dividends and splits
Pays a 3.14% trailing dividend yield (as of Nov 12, 2026). No splits on record.
| Year | Dividend per share |
|---|---|
| Not available: No stored dividend history yet. | |
Trailing yield 3.14% is the stored key-stats snapshot value (as of Nov 12, 2026) — the dividend history itself is not stored yet, so no history table is shown.
| Date | Action | Ratio |
|---|---|---|
| Not available: No splits on record for this ticker. | ||
Next ex-dividend date: Not available: No stored ex-dividend dates for equities. Prices on the chart are split- and dividend-adjusted (no splits on record, so nothing to adjust).
Ownership and dilution
Insiders bought 4 times and sold 0 times in the 90 days to Nov 12, 2026. Shares outstanding fell 0.9% over 1 year.
| Insider buys (90 days) | 4 |
| Insider sell (90 days) | 0 |
| Shares outstanding change (1Y) | -0.9% |
| Shares outstanding change (3Y) | -3.7% |
| Held by insiders | 66.92% |
| Held by institutions | 8.24% |
Counts are by filing date. Holdings are from the key-stats snapshot (as of Nov 12, 2026).
Recent insider trades (20)
| Filing date | Type | Name | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 2, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 1,430 | 13.09 | $19K |
| Oct 1, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.20 | $27K |
| Sep 30, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 12.95 | $26K |
| Sep 29, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.21 | $27K |
| Sep 29, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 14,480 | 13.22 | $191K |
| Sep 29, 2026 | BUY | MELTON (ANDREW JOHN) | 3,800 | 13.10 | $50K |
| Sep 28, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 100 | 13.21 | $1K |
| Sep 25, 2026 | BUY | MELTON (ANDREW JOHN) | 1,100 | 13.14 | $14K |
| Sep 25, 2026 | BUY | MELTON (ANDREW JOHN) | 100 | 13.14 | $1K |
| Sep 24, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.12 | $27K |
| Sep 23, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.17 | $27K |
| Sep 22, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,000 | 13.30 | $27K |
| Sep 21, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.25 | $27K |
| Sep 18, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.53 | $27K |
| Sep 17, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.54 | $27K |
| Sep 16, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.57 | $28K |
| Sep 16, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 14,580 | 13.50 | $197K |
| Sep 15, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 200 | 13.75 | $3K |
| Sep 14, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.67 | $28K |
| Sep 11, 2026 | OTHER | MELCOR DEVELOPMENTS LTD | 2,030 | 13.66 | $28K |
Peers
Peers in Real Estate, by market cap: FSV.TO, CIGI.TO, AIF.TO, MEQ.TO, MRC.TO, DRM.TO, MPC-C.TO, MPC.TO.
| Ticker | Price | 1Y % | Market cap | P/E | EV/EBITDA | Div yield | 1Y vol |
|---|---|---|---|---|---|---|---|
| FSV.TO | 219.31 | -0.0% | $9.19B | 48.5 | 21.2 | 0.78% | +30.9% |
| CIGI.TO | 126.46 | -40.7% | $6.46B | 64.2 | 14.6 | 0.32% | +38.4% |
| AIF.TO | 49.91 | -0.5% | $1.68B | — | 19.8 | 1.19% | +38.8% |
| MEQ.TO | 177.17 | -3.4% | $1.64B | 9.4 | 19.1 | 0.18% | +18.5% |
| MRC.TO | 111.00 | -5.6% | $1.19B | 4.7 | 13.5 | 0.73% | +15.9% |
| DRM.TO | 19.35 | +5.7% | $811.6M | 92.1 | 20.2 | 3.95% | +30.2% |
| MPC-C.TO | 4.50 | -6.4% | $270.5M | 11.3 | 23.4 | 2.33% | +26.3% |
| MPC.TO | 4.40 | -12.2% | $261.6M | 11.0 | 23.2 | 2.39% | +25.3% |
Each row links to its own page when one exists. Peer 1Y returns and volatility use raw closes; peer splits are unadjusted.
analiti.ca history
No published plans for this ticker.
| Date | Side | Entry | Stop | First exit | Exits | Outcome (full ladder) | First exit | Hold |
|---|---|---|---|---|---|---|---|---|
| Not available: No published plans for this ticker. | ||||||||
The full ladder is the headline method: 40/30/20% at the three exits, the last slice held to stop or end. First exit credits the whole position at the first exit level. Full history: the track record.
Superstock score
Latest score 58.6 (Nov 13, 2026). The score is the published Superstock screen score — nothing else.
| Date | Score |
|---|---|
| Nov 8, 2026 | 58.1 |
| Nov 9, 2026 | 58.1 |
| Nov 9, 2026 | 58.1 |
| Nov 10, 2026 | 58.1 |
| Nov 10, 2026 | 58.1 |
| Nov 10, 2026 | 58.1 |
| Nov 11, 2026 | 58.8 |
| Nov 11, 2026 | 58.8 |
| Nov 12, 2026 | 58.4 |
| Nov 12, 2026 | 58.4 |
| Nov 13, 2026 | 58.6 |
| Nov 13, 2026 | 58.6 |
Sector condition: Real Estate — Improving (as of Nov 5, 2026). Superstock screen.
Key dates
| Next earnings | Not available: No company release or exchange notice in the stored data — stored dates are Yahoo-sourced, so none is shown. |
| Last earnings | Mar 11, 2015 · EPS 1.46 |
| Next ex-dividend | Not available: No stored ex-dividend dates for equities. |
The next earnings date is shown only from the company's own release or an exchange notice, with a link. The stored last-earnings date is Yahoo-sourced.
Sources and data notes
| Block | Source | As of |
|---|---|---|
| prices, chart, performance, risk | daily_prices (Yahoo) | Nov 12, 2026 |
| valuation, market cap, ownership | yahoo_key_stats snapshot | Nov 12, 2026 |
| financials | financials (Yahoo) | Jun 30, 2026 |
| plans, resolutions | published entries-*.json + track-record.json | Nov 12, 2026 |
| insiders | insider_trades (SEDI filings) | Nov 12, 2026 |
| splits | Split inventory (interim table) | Nov 5, 2026 |
| sector condition | conditions-2026-11-05.json | Nov 5, 2026 |
| Superstock score | superstock_checks + superstock.json | Nov 12, 2026 |
Not available rules. A field older than its freshness limit shows "not available", never a stale number: prices, 3 trading days; fundamentals, 120 days after the fiscal period end plus 45 days. Valuation multiples are always printed with their snapshot date.
Data file: /data/t/MRD.TO.json · Markdown twin: /t/MRD.TO.md
Facts and published history only. Plans are generated by a quant model.