1、A N N U A L R E P O R T 2 0 2 0Melcor REIT is an unincorporated,open-ended real estate investment trust.We own,acquire,manage and lease quality retail,office and industrial income-generating properties.Our portfolio is currently made up of interests in 39 properties representing approximately 3.21 m
2、illion square feet of gross leasable area located in and around Edmonton,Calgary,Lethbridge,Grande Prairie and Red Deer,Alberta;Regina,Saskatchewan;and Kelowna,British Columbia.Backed by Melcor Developments 97 year history,Melcor REIT was borne out of a proud tradition of real estate excellence in w
3、estern Canada.Our growth potential is a true competitive advantage,with the right to acquire Melcors pipeline of newly constructed,high quality retail,industrial and office projects.Subsequent to the initial acquisition,we have vended-in over 1 million sf from Melcor,and there is a further 4.7 milli
4、on sf in current and future projects to be built over the next 5 to 15 years.Local-35%National-46%Regional-19%RENT BYTENANT PROFILEOffice-50%Retail-44%Industrial-6%WEIGHTED AVERAGE LEASE TERM REMAINING(YEARS)GROSS LEASABLEAREA EXPIRING(%)39ASSETS$724.7MASSET FAIR VALUE$74.6MREVENUE69%ACFO PAYOUT RAT
5、IOFACTS&DATAFinance-6%Government-7%Hospitality-10%Industrial-4%Medical-7%Oil&Gas-3%Other-7%Professional-21%Retail-35%Auto Service-3%Clothing-23%Grocer/Pharmacy-18%Home&Garden-24%Liquor/Cannabis-4%Personal Service-7%Specialty-21%GLA BYPROPERTY TYPENorthern Alberta-61%Southern Alberta-28%BC&SK-11%GLA
6、BYREGIONRENT BY TENANT INDUSTRYNorthern AB3.71Southern AB4.70BC&SK3.3210%13%19%11%14%20212022202320242025thereaftervacantspace21%12%1Message from the ChairMessage from the Chief Executive OfficerProperties MapEnvironmental,Social Responsibility&Governance 2368WHATS INSIDEMESSAGE FROM THE CHAIRThe mo