Melcor Developments reported third-quarter 2026 EPS of C$0.59. The available calendar data doesn’t include an estimate, so it’s not possible to say whether earnings beat or missed expectations. Revenue and funds from operations (FFO) fell year over year, while net income rose.
Melcor Developments Ltd. (TSX: MRD) reported results after market close on November 3 for the quarter ended September 30, 2026. Calendar data lists EPS of C$0.59 but provides no estimate for the quarter. Supplemental coverage reports revenue of C$60.42 million, down 16.7% year over year, and FFO of C$17.09 million, down 27%. Net income increased 25.9% to C$17.75 million. The company cited lower U.S. land sales and property dispositions. Its board declared a quarterly dividend of C$0.15 per share. See the MRD stock page for more company information.
Recent earnings trend
Melcor Developments Ltd.
MRD.TO
MRD.TO
Melcor Developments Ltd.
WealthAwesomeMarket cap
$567.91M
P/E
6.1x
Div. yield
2.53%
Div. / share
$0.48
52W high
$19.40
52W low
$13.77
1W change
+1.61%
Beta
1.02
Analyst Price Targets
Based on analyst covering MRD · as of Sep 17, 2026
Wall Street analysts forecast MRD stock price to fall 26.1% over the next 12 months.
Consensus
BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.00
-26.1% Upside
Current Price
C$18.95
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MRD's historical volatility
30-Day Vol
14.8%
Annualized
90-Day Vol
17.3%
Annualized
Trend (90d)
+12.6%
Annualized drift
90d Mean
C$19.82
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$19.24 | C$18.28 – C$20.25 |
| 60 trading days | C$19.53 | C$18.16 – C$20.99 |
| 90 trading days | C$19.82 | C$18.14 – C$21.66 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | 0.5900 | — | — |
| 2026-06-30 | 2026-08-13 | 0.7319 | — | — |
| 2026-03-31 | 2026-05-07 | 0.7600 | — | — |
| 2025-12-31 | 2026-03-12 | 1.0515 | — | — |
| 2025-09-30 | 2025-11-06 | 0.4681 | — | — |
| 2025-06-30 | 2025-08-14 | 0.2404 | — | — |
Investor takeaway: The results were mixed. Net income increased, but revenue and FFO declined, with lower U.S. land sales and property dispositions cited as factors. The C$0.59 EPS figure alone doesn’t show whether earnings beat expectations because no estimate is available for the quarter. Investors may want to watch land-sale activity, recurring property income, debt and cash flow alongside net income. The C$0.15 dividend declaration doesn’t establish whether the dividend is sustainable over time.
C$0.59 in reported Q3 EPS
Calendar data lists actual EPS of C$0.59 for the quarter ended September 30, but no estimate. So the available data doesn’t show whether Melcor beat or missed expectations. Supplemental coverage reports FFO of C$17.09 million, down 27% year over year, and net income of C$17.75 million, up 25.9%.
Bull case
Melcor remained profitable, with a reported profit margin of 26.63% and trailing-twelve-month EPS of C$3.13 in the supplied fundamentals snapshot. Third-quarter net income rose year over year, and supplemental coverage says the company reported lower debt. The board also declared a quarterly dividend of C$0.15 per share. Shares closed at C$18.95, above their 50-day and 200-day moving averages. Those indicators don’t predict future performance.
Bear case
Third-quarter revenue fell 16.7% and FFO fell 27% year over year, reflecting weaker U.S. land sales and property dispositions. The calendar lists next-quarter consensus EPS of C$0.20 from one analyst, compared with year-ago EPS of C$0.36. That figure is a forecast, not a result or an estimate for the quarter just reported. Analyst coverage is limited, and the supplied average price target of C$14.00 is well below the last close of C$18.95. Results from land development can also shift with the timing of sales and asset transactions.
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