RY 175.42 -0.2162% SHOP 157.15 -0.958% TD 79.04 0.0886% ENB 61.42 0.7711% BN 86.09 -0.3934% TRI 231.36 0.0562% CNQ 47.61 0.8046% CP 105.71 -1.4083% CNR 154.12 -1.2811% BMO 133.23 -0.2396% BNS 77.09 -3.3839% CSU 4762.73 -0.5755% CM 89.48 -0.633% MFC 45.25 -0.2645% ATD 82.67 -0.4336% NGT 58.69 2.2296% TRP 68.72 0.7034% SU 54.51 -1.1067% WCN 268.52 0.1492% L 186.4 1.1998%
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Will Melcor Developments' (TSX: MRD) occupancy rate improve further in FY23?
Image source: © Sasinparaksa | Megapixl.com
Highlights
Real estate development and asset management player, Melcor Developments Ltd (TSX: MRD) is involved in development and management of mixed-use residential communities, retail commercial centers, business and industrial parks, office buildings, and golf courses.
The company has been able to expand its Canadian property portfolio as more properties got transferred from Property Developments. The occupancy of Canadian property has risen from 89.3% in Q4 2022 to 90.1% in Q1 2023.
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