Melcor Developments' Q3 Funds From Operations Fall 27% as Revenue Drops
Photo: TokenPost
Melcor Developments Ltd.'s third-quarter funds from operations fell 27% as revenue and gross profit contracted, while a steep decline in U.S. land revenue weighed on its nine-month results. For the three months ended Sept. 30, funds from operations, or FFO, totaled C$17.09 million, down from C$23.40 million in the same period of 2025. FFO per share fell to C$0.56 from C$0.77. Revenue dropped 16.7% to C$60.42 million from C$72.54 million. Gross profit declined 24.7% to C$27.11 million from C$35.99 million, while gross margin narrowed to 44.9% from 49.6%.
Source: TokenPost
