Melcor Developments announces results for 2025, declares quarterly dividend of $0.15 per share and special dividend of $0.35 per share

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• Alberta's market demonstrated resilience throughout the year, with demand for new development activity remaining stable

  80% confidence

• Despite the large cash outlay required for the REIT transaction, we have reduced our general debt in the past 12 months by $62.60 million to $548.74 million

  80% confidence

• Looking ahead to 2026, we expect continued moderate strength in both residential and commercial development

  80% confidence

• Melcor remains cautiously optimistic and committed to a disciplined, conservative operating approach

  80% confidence

• This achievement was realized while maintaining a conservative balance sheet and a disciplined, long-term approach to value creation

  80% confidence

• Alberta's positive employment environment and population growth trends are expected to further reinforce development activity

  80% confidence

• Ongoing migration to Alberta is anticipated to support demand for serviced residential lots and contribute to the continued shift toward suburban communities

  80% confidence

• Land division had an exceptional year, with revenues up 28.7% to $292.49 million

  80% confidence

• Following an exceptional year, the Board has declared a special dividend of $0.35 per share, reflecting our commitment to returning capital to shareholders

  80% confidence

• There is potential for improved land sales within our U.S. operations as market conditions evolve

  80% confidence

• By bringing the REIT's assets back under a single corporate structure, we reunited ownership and operations

  80% confidence

• 2025 marks a milestone year for Melcor, with revenues exceeding $400 million and funds from operations exceeding $100 million, both for the first time in Melcor's history

  80% confidence

• Management believes that FFO is a more accurate representation of true operating performance

  80% confidence

• These results reflect strong execution and were achieved amid a dynamic economic environment characterized by global trade tensions, moderated interest rates, and rising construction costs

  80% confidence