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.
Melcor REIT announces second quarter 2022 results
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