Brief: Melcor Declares Quarterly Dividend Of $0.08 Per Share

Melcor Developments

20/05/2020 22:59

May 20 (Reuters) - Melcor Developments Ltd  MRD.TO :
    * MELCOR DEVELOPMENTS ANNOUNCES FIRST QUARTER RESULTS,
DECLARES
QUARTERLY DIVIDEND OF $0.08 PER SHARE
    * Q1 FFO PER SHARE C$0.18
    * Q1 REVENUE FELL 3 PERCENT TO C$33.77 MILLION
    * MELCOR DEVELOPMENTS - ANTICIPATE MEASURES TO CONTAIN
COVID-19,
RESULTING ECONOMIC IMPACT WILL HAVE NEGATIVE REPERCUSSIONS ON
FUTURE CASH FLOW, FFO
    * ANTICIPATE THAT SALES OF SINGLE-FAMILY LOTS MAY SLOW DOWN
AND
THAT OUR TENANTS MAY NOT BE ABLE TO PAY FULL RENT

Source text for Eikon:  ID:nGNX1g1MBp 
Further company coverage:  MRD.TO 

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