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Melcor REIT(MR-UN-T)

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Melcor REIT announces second quarter 2022 results

Globe Newswire - Tue Jul 26, 2022

EDMONTON, Alberta, July 26, 2022 (GLOBE NEWSWIRE) -- Melcor REIT (TSX: MR.UN) today announced results for the second quarter ended June 30, 2022. Rental revenue was up 1% in the quarter at $18.15 million and down 1% at $37.12 million year-to-date. NOI was down 2% in the quarter at $11.39 million and down 4% year-to-date at $23.25 million. ACFO for the quarter was $4.51 million or $0.15 per unit, and $9.57 million or $0.33 per unit year-to-date. Occupancy held steady over the first quarter and year-end at 87% and we retained 86% of expiring leases year-to-date. We continue to actively pursue new tenant opportunities and have commenced 53,444 sf in new leases. Including new leasing, renewals and holdovers, we have signed 273,154 sf to date.


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