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Melcor REIT announces Q4 and 2021 annual results, declares $0.04 distribution for March 2022

Globe Newswire - Thu Mar 3, 2022

Annual Highlights⁽¹⁾

Quarterly Highlights

EDMONTON, Alberta, March 03, 2022 (GLOBE NEWSWIRE) -- Melcor REIT (TSX: MR.UN) today announced results for the fourth quarter and year ended December 31, 2021. Rental revenue was steady at $74.09 million. Adjusted cash flow from operations (ACFO) grew 11% to $20.59 million or $0.71 per unit. ACFO better reflects our cash position and therefore our ability to pay distributions by excluding accretion expense, which is a non-cash item. Please see the table below for a reconciliation of non-GAAP financial measure ACFO.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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