Melcor REIT
Melcor REIT owns and leases 50+ commercial properties — office, retail, industrial, and land — across Western Canada and Phoenix, Arizona. Now a wholly-owned subsidiary of Melcor Developments Ltd. following April 2025 take-private, it serves small and mid-sized business tenants via direct leasing.
- Company typePublic
- Founded1923
- HeadquartersEdmonton, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Melcor REIT does
Melcor REIT is a Canadian real estate investment trust (formerly TSX:MR.UN) that owns and leases a diversified portfolio of 50+ commercial properties across Western Canada, including office, retail, industrial, and land/build-to-suit assets in cities such as Edmonton, Calgary, Red Deer, Lethbridge, Leduc, Spruce Grove, St. Albert, Fort McMurray, Airdrie, Chestermere, Sylvan Lake, Grande Prairie, Kelowna, Penhold, Regina, and Phoenix, Arizona. Its core product is the 'Commercial Spaces For Lease or Sale' platform, accessed through a property search tool that filters by city, area, type, and size range from sub-1,000 sq. ft. retail units to 250,000+ sq. ft. industrial sites. The REIT also offers build-to-suit, land-sale, and golf-course products under the parent Melcor brand, and recently launched 'Melcor Space' as a new commercial real estate offering.
The REIT's business model is direct commercial leasing to tenants, generating rental income from a long-tail mix of small and mid-sized businesses; revenue is not separately disclosed since the April 2025 acquisition. The trust distributes a quarterly dividend of $0.15 per share plus special dividends of $0.35 per share, reflecting REIT-style income distribution mechanics. The go-to-market is primarily direct-to-tenant via the property website and listing tools, supplemented by LinkedIn and Instagram presence through the parent Melcor Developments brand.
In April 2025, Melcor Developments Ltd. (TSX:MRD) acquired the remaining 44.6% minority equity interest in Melcor REIT for CAD $71.30 million, taking ownership to 100% and converting the REIT into a wholly-owned subsidiary. Melcor Developments reported FY2025 consolidated revenue of $410.55 million (+17.5% YoY), funds from operations of $122.14 million (+30.2%), and net income of $58.02 million (+73.0%), though these figures span the broader parent group and are not REIT-standalone. With the going-private transaction, Melcor REIT no longer trades as a separate public entity, and operational decision-making is fully internalized within the Melcor Developments corporate structure.
Melcor REIT firmographics
Firmographics- Name
- Melcor REIT
- Legal name
- Melcor REIT
- Website
- https://melcorreit.ca
- Company type
- Public
- Founded year
- 1923
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Melcor REIT owns and leases 50+ commercial properties — office, retail, industrial, and land — across Western Canada and Phoenix, Arizona. Now a wholly-owned subsidiary of Melcor Developments Ltd. following April 2025 take-private, it serves small and mid-sized business tenants via direct leasing.
- Ownership category
- akta.pro rank
Melcor REIT industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Other Financial Vehicles (52599)
- SIC
- Real Estate Investment Trusts (6798), Real Estate (6500)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)
Keywords
Where Melcor REIT is headquartered
LocationHeadquarters
- HQ city
- Edmonton
- HQ country
- Canada
- HQ region
- North America
Markets served
Melcor REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Quarterly dividend |
| Subscription | Quarterly | Special dividend |
Distribution channels1 record
Marketing channels3 records
Melcor REIT product offering
Product offeringCore offering
Melcor REIT owns and leases a diversified portfolio of commercial real estate across Western Canada, including office buildings, retail shopping centers, industrial warehouses and land, and build-to-suit opportunities in markets such as Edmonton, Calgary, Red Deer, Lethbridge, Regina, and Phoenix. The portfolio consists of 50+ properties ranging in size from under 1,000 sq. ft. retail units to over 250,000 sq. ft. industrial sites, and is complemented by golf course operations and residential community development under related Melcor brands.
Product overview
Melcor REIT operates as a diversified commercial real estate investment trust offering a portfolio of commercial spaces for lease and sale. The core product is the Commercial Spaces For Lease or Sale platform, supported by specialized sub-categories including Office Space, Industrial Property, Retail Properties, Golf Courses, and Residential Communities through the Melcor Communities brand. The company also recently launched 'Melcor Space' as a new offering. Properties span multiple cities across Alberta (Edmonton, Calgary, Red Deer, Lethbridge, Leduc, Spruce Grove, St. Albert, Fort McMurray, Airdrie, Chestermere, Sylvan Lake, Grande Prairie, Kelowna, Penhold), Saskatchewan (Regina), and Arizona (Phoenix), with properties ranging from small retail units (under 1,000 sq. ft.) to large industrial developments (over 250,000 sq. ft.).
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Spaces For Lease or Sale
Quantifiable outcome
- Revenue of $410.55 million in 2025 (up 17.5% from $349.50 million in 2024)
- +2 more outcomes
Companies that use Melcor REIT
Customer profileSegments1 record
Ideal customer profiles1 record
Melcor REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Melcor REIT partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights4 records
Melcor REIT competitors and assessment
Company assessmentDirect peers
- Allied Properties REIT: Allied Properties REIT is a leading Canadian urban office REIT; given office is a core segment of Melcor REIT, Allied is a direct comparable on office leasing dynamics in Canadian markets.
- Crombie REIT: Crombie REIT owns a Canadian portfolio of retail, office, and industrial properties anchored by Sobeys-related grocery-anchored retail, making it a strong comparable on multi-format Canadian commercial real estate.
- Morguard REIT: Morguard REIT is a Canadian diversified commercial REIT with a multi-sector portfolio of office, retail, and industrial properties, closely matching Melcor REIT's diversified commercial mix and Canadian footprint.
Peers
Broad incumbents
- RioCan REIT: RioCan is Canada's largest retail REIT and a broader incumbent in Canadian commercial real estate; it overlaps with Melcor REIT's retail segment and Canadian property geography, though at materially greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Melcor REIT social profiles
Digital presenceMelcor REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Melcor REIT leadership team
Management profileNumber of profiles
Profiles2 records
Melcor REIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Melcor REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Melcor REIT
What does Melcor REIT do?
Melcor REIT owns and leases a diversified portfolio of commercial real estate across Western Canada, including office buildings, retail shopping centers, industrial warehouses and land, and build-to-suit opportunities in markets such as Edmonton, Calgary, Red Deer, Lethbridge, Regina, and Phoenix. The portfolio consists of 50+ properties ranging in size from under 1,000 sq. ft. retail units to over 250,000 sq. ft. industrial sites, and is complemented by golf course operations and residential community development under related Melcor brands.
Is Melcor REIT a public or private company?
Melcor REIT is a public company. It is classified as corporate owned and is currently operating.
When was Melcor REIT founded?
Melcor REIT was founded in 1923. It employs 1 to 10 people.
Where is Melcor REIT based?
Melcor REIT is headquartered in Edmonton, Canada, in the North America region.
Who are Melcor REIT's main competitors?
Direct peers on record are Allied Properties REIT, Crombie REIT and Morguard REIT. True North Commercial REIT is listed as a peer. RioCan REIT is listed as a broad incumbent.
Does Melcor REIT have an API?
No public API is recorded for Melcor REIT.
What industry is Melcor REIT in?
Melcor REIT's product category is Commercial Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSANAEAO, Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE). Its NAICS code is 52599 and its SIC code is 6798.