Medalist Diversified REIT, Inc.
13.36+0.00 (+0%)
Oct 28, 4:00:00 PM EDT · NasdaqCM · MDRR · USD
Key Stats
Market Cap
17.97MP/E (TTM)
-Basic EPS (TTM)
-2.61Dividend Yield
0.02%Recent Filings
8-K
REIT sells shopping center
8-K
REIT swaps shares, sells property
Medalist Diversified REIT swapped 240,004 CEO-held common shares for equivalent OP units on August 8, 2025, bolstering REIT ownership compliance by diluting top-five shareholder concentration. Simultaneously, a subsidiary inked a $10 million sale deal for Salisbury Marketplace in North Carolina, with closing eyed within 60 days and a $150,000 deposit down. This divestment trims portfolio while the exchange aligns governance—yet closing hinges on due diligence.
10-Q
Q2 FY2025 results
Medalist Diversified REIT posted Q2 revenue of $2.5M, up 7.1% y/y from $2.3M, driven by new single-tenant net lease additions like Buffalo Wild Wings and United Rentals, while retail centers held steady despite Lancer Center vacancies. Operating income climbed to $242K from $216K y/y, but net loss widened to $331K from $499K, with the gap to operating loss pegged to $559K interest expense—down 23% y/y after redeeming preferred stock. Cash dipped to $1.95M from $4.78M y/y, yet free cash flow stayed positive at $141K (derived), buoyed by $704K operating cash minus $563K capex. Acquisitions via OP units totaled $5.8M, and Salisbury Marketplace heads to sale with $9.4M assets and $6.1M debt. Tenant defaults remain a nagging risk.
8-K
REIT acquires Florida property
Medalist Diversified REIT closed its $14.5 million acquisition of a 42,461-square-foot property in Pensacola, Florida, on July 18, 2025, converting it from a trade college to an automotive facility for Tesla. Funded by a $14.7 million line of credit at 7.25% interest, secured by three existing properties, the deal expands the REIT's portfolio but lacks leasing history due to renovations. No pro forma financials disclosed yet.
8-K
Quarterly dividend declared
Medalist Diversified REIT declared a quarterly dividend of $0.0675 per share on its common stock, payable July 16, 2025, to shareholders of record as of July 11, 2025. This payout underscores the REIT's steady cash flow from Southeast U.S. commercial properties. Shareholders get their cut. No changes to the dividend policy were disclosed.
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