1、ANNUAL REPORT 202220132023FACTS&DATA20242023Northern ABSouthern ABBC&SK202520262027thereaftervacant39$74.1M$730.8M78%WEIGHTED AVERAGE LEASE TERM REMAINING(YEARS)ASSETSREVENUEASSET FAIR VALUEACFO PAYOUT RATIO2GROSS LEASABLE AREA EXPIRING(%)WHATS INSIDEBacked by Melcor Developments 100 year history,Me
2、lcor REIT was borne out of a proud tradition of real estate excellence in western 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 ha
3、ve vended-in over 1 million sf from Melcor,and there is a further 4.4 million sf in current and future projects to be built over the next 5 to 15 years.Melcor REIT is an unincorporated,open-ended real estate investment trust.We own,acquire,manage and lease quality retail,office and industrial income
4、 generating properties.Following the sale of a property on February 1,2023,our portfolio is currently made up of interests in 38 properties representing approximately 3.1 million square feet of gross leasable area located in and around Edmonton,Calgary,Lethbridge,Grande Prairie and Red Deer,Alberta;
5、Regina,Saskatchewan;and Kelowna,British Columbia.10.6%3.855.313.671.All data as at December 31,20222.Non-GAAP financial ratio.Refer to the Non-GAAP Measures section on page 27 for further information12.1%14.1%10.5%13.5%27.2%12.0%66+77+1111+7+7+77+33+44+2121+3434+HH3Key Metrics4Letter from the Chair
6、5Letter from the CEO8Properties Map10Corporate Governance12Environmental Commitment,Social Responsibility&Governance15Company InformationGLA BY TENANT INDUSTRYKEY METRICSBY PROPERTY TYPE BY TENANT PROFILEBY REGIONOfficeRetailIndustrialLand Lease5050+4343+77+HH3232+5959+77+2+2+HHGLARENTNorthern ABSou