March 15 (Reuters) - Melcor Developments Ltd
* Melcor developments announces 2016 results, declares quarterly dividend of $0.13 per share
* Melcor developments ltd - funds from operations (ffo) per share was down 22% to $1.28 in 2016 compared to $1.64 in 2015
* Melcor developments ltd - "expect variations in market demand based on region and asset class to continue in 2017"
* Melcor developments ltd - also expect kelowna and lethbridge to remain unaffected by pressures of our other markets in 2017 Source text for Eikon: Further company coverage: