Company research
Medalist Diversified, Inc.
CIK 1654595Updated Sep 26, 2026
SecurityMDRR · NASDAQ · equity
Name history
Medalist Diversified REIT, Inc. · through Mar 6, 2026
MDRR price & chart
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NASDAQ:MDRR on TradingView ↗About the company
Medalist Diversified, Inc. (NASDAQ: MDRR) is a publicly-traded real estate company headquartered in Richmond, Virginia. Medalist sponsors DST offerings through its wholly-owned subsidiary, MDRR Sponsor TRS, LLC, targeting commercial real estate leased to institutional tenants, principally in the Southeast, mountain states and California. The Company reports quarterly and annually under the Securities Exchange Act of 1934, is audited by Cherry Bekaert LLP, and is overseen by a five-member board of directors, four of whom are independent. Medalist currently operates with no corporate-level debt and an estimated $40 million in sponsor-level net asset value. For more information, visit www.medalistdst.com.
In the news
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Recent filings
8-K/A filing
Completion of Acquisition or Disposition of Assets
Items 2.01, 9.01
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets
Items 1.01, 2.01, 9.01
Termination of a Material Definitive Agreement
Items 1.02
10-Q filing
Show 5 more recent filings
Completion of Acquisition or Disposition of Assets
Items 2.01, 9.01
Completion of Acquisition or Disposition of Assets
Items 2.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Other Events
Items 8.01, 9.01
Entry into a Material Definitive Agreement · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders
Items 1.01, 5.03, 5.07, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 77,739,611Source | 75,097,702Source | 82,746,016Source | 87,915,404Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,631,964Source | 4,776,021Source | 2,234,603Source | 3,922,136Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 53,627,689Source | 54,095,456Source | 69,015,595Source | 69,222,965Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 11,100Source | 13,453Source | 22,188Source | 177,584Source |
| Additional Paid in CapitalUSD | 51,957,534Source | 54,450,272Source | 51,514,209Source | 51,363,812Source |
| Retained Earnings (Accumulated Deficit)USD | -38,761,731Source | -36,027,063Source | -35,864,693Source | -30,939,020Source |
| Stockholders' Equity Attributable to ParentUSD | 9,429,110Source | 15,032,607Source | 12,320,758Source | 17,251,430Source |
| Liabilities and EquityUSD | 77,739,611Source | 75,097,702Source | 82,746,016Source | 87,915,404Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 51,375,361Source | — | 60,361,661Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,935,773Source | 744,325Source | -4,573,354Source | -4,732,214Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,530,751Source | 1,796,137Source | 104,013Source | 1,194,626Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -6,979,859Source | 2,062,407Source | -1,483,117Source | -9,319,181Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 140,788Source | 32,467Source | — | 286,543Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,510,442Source | -1,595,413Source | -474,144Source | 6,403,431Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,938,666Source | 2,263,131Source | -1,853,248Source | -1,721,124Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,134,070Source | 6,072,736Source | 3,809,605Source | 5,662,853Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,642,325Source | 2,928,549Source | 3,278,722Source | 3,237,728Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 397,182Source | 277,500Source | — | 483,100Source |
| Amortization of Debt Issuance CostsUSD | 99,254Source | 347,445Source | 349,936Source | 330,476Source |
| Amortization of Intangible AssetsUSD | 442,646Source | 616,284Source | 890,348Source | 1,325,574Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | 0Source | — | — | — |
| DepreciationUSD | 2,904,931Source | 3,299,199Source | 3,683,815Source | 3,381,249Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | -74,328Source | -182Source | -90,221Source | -36,670Source |
| Gain (Loss) on Termination of LeaseUSD | — | 0Source | -12,380,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -430,644Source | -51,837Source | — | -389,207Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | 731,439Source | 2,819,502Source | — | -421,096Source |
| General and Administrative ExpenseUSD | 1,283,334Source | 968,435Source | 484,345Source | 457,653Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | 0Source | — | 36,670Source |
| Net Income (Loss) Attributable to ParentUSD | -2,388,837Source | 27,524Source | -4,571,279Source | -4,769,241Source |
| Operating ExpensesUSD | 10,140,136Source | 8,723,519Source | 11,269,990Source | 11,694,648Source |
| Proceeds from Issuance of Common StockUSD | — | 2,851,977Source | 1,538,887Source | 1,538,887Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 10,396,618Source | 9,735,127Source | 10,272,826Source | 11,091,325Source |
| Operating Income (Loss)USD | 547,902Source | 3,731,593Source | -997,164Source | -1,413,626Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -2,072,494Source | 711,794Source | -4,538,064Source | -4,968,714Source |
| Net Income (Loss) Attributable to ParentUSD | -2,388,837Source | 27,524Source | -4,571,279Source | -4,769,241Source |
| Earnings Per Share, BasicUSD per share | -1.9Source | 0.02Source | -2.06Source | -0.28Source |
| Earnings Per Share, DilutedUSD per share | -1.9Source | 0.02Source | -2.06Source | -0.28Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,258,602Source | 1,127,768Source | 2,219,149Source | 17,122,617Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,258,602Source | 1,132,588Source | 2,219,149Source | 17,122,617Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 442,646Source | 616,284Source | 890,348Source | 1,325,574Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | 0Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 3,347,577Source | 3,915,483Source | 4,574,163Source | 4,706,823Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | 731,439Source | 2,819,502Source | — | -421,096Source |
| General and Administrative ExpenseUSD | 1,283,334Source | 968,435Source | 484,345Source | 457,653Source |
| Interest ExpenseUSD | 2,620,396Source | 3,019,799Source | 3,540,900Source | 3,555,088Source |
| Interest Expense, DebtUSD | 2,596,846Source | 2,387,933Source | 2,863,108Source | 2,830,159Source |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, RedeemableUSD | 452,028Source | 266,107Source | -1,307Source | -20,072Source |
| Operating ExpensesUSD | 10,140,136Source | 8,723,519Source | 11,269,990Source | 11,694,648Source |
| Other General ExpenseUSD | — | — | — | 227,164Source |
Filing attachments
mdrr-20260901xex99d1.htm · 8-K · 2026-09-08
EX-99.1 4 mdrr-20260901xex99d1.htm EX-99.1 Exhibit 99.1 MEDALIST DIVERSIFIED, INC. UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS Unaudited Pro Forma Consolidated Balance Sheet as of June 30, 2026 and Unaudited Pro Forma Consolidated Statements of Operations for the six months ended June 30, 2026 and the year ended December 31, 2025 Summary of Unaudited Pro Forma Consolidated Financial Statements The following pro forma financial information is presented in accordance with Art…
Read attachment ↗mdrr-20260731xex99d1.htm · 8-K · 2026-08-05
EX-99.1 2 mdrr-20260731xex99d1.htm EX-99.1 Exhibit 99.1 MEDALIST DIVERSIFIED, INC. UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS Unaudited Pro Forma Consolidated Balance Sheet as of March 31, 2026 and Unaudited Pro Forma Consolidated Statements of Operations for the three months ended March 31, 2026 and the year ended December 31, 2025 Summary of Unaudited Pro Forma Consolidated Financial Statements The following pro forma financial information is presented in accordance with…
Read attachment ↗mdrr-20260713xex99d1.htm · 8-K · 2026-07-13
EX-99.1 2 mdrr-20260713xex99d1.htm EX-99.1 Exhibit 99.1 MEDALIST DIVERSIFIED, INC. ANNOUNCES DIVIDEND OF $0.0675 PER SHARE ON ITS COMMON STOCK RICHMOND, VA., JULY 13, 2026--(BUSINESS WIRE)--Medalist Diversified, Inc. (NASDAQ: MDRR) (the "Company" or "Medalist"), a Virginia-based sponsor of Delaware Statutory Trusts, announced that its Board of Directors has authorized and the Company has declared a quarterly dividend on its common stock (the "Common Stock") in the amount of $0.0675 per sh…
Read attachment ↗mdrr-20260506xex99d1.htm · 8-K · 2026-05-06
EX-99.1 2 mdrr-20260506xex99d1.htm EX-99.1 Press Release — DST Sponsor Platform Launch EXHIBIT 99.1 Medalist Diversified, Inc. (NASDAQ: MDRR) Announces DST Sponsor Platform; Inaugural Tesla-Leased Offering Available to Accredited 1031 Investors Richmond-based public company positions DST sponsorship as a core strategy. RICHMOND, Va. - May 6, 2026 - Medalist Diversified, Inc. (NASDAQ: MDRR) (“Medalist” or the “Company”) today announced its Delaware Statutory Trust (“DST”) sponsor platform…
Read attachment ↗mdrr-20260330xex99d1.htm · 8-K · 2026-04-01
EX-99.1 2 mdrr-20260330xex99d1.htm EX-99.1 Exhibit 99.1 MEDALIST DIVERSIFIED REIT, INC. UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS Unaudited Pro Forma Consolidated Balance Sheet as of December 31, 2025 and Unaudited Pro Forma Consolidated Statement of Operations for the year ended December 31, 2025 Summary of Unaudited Pro Forma Consolidated Financial Statements The following pro forma financial information is presented in accordance with Article 11 of Regulation S-X promu…
Read attachment ↗mdrr-20260330xex99d2.htm · 8-K · 2026-04-01
EX-99.2 3 mdrr-20260330xex99d2.htm EX-99.2 Exhibit 99.2 MEDALIST DIVERSIFIED, INC. ANNOUNCES DIVIDEND OF $0.0675 PER SHARE ON ITS COMMON STOCK RICHMOND, VA., APRIL 1, 2026--(BUSINESS WIRE)--Medalist Diversified, Inc. (NASDAQ: MDRR) (the "Company" or "Medalist"), a Virginia-based sponsor of Delaware Statutory Trusts, announced that its Board of Directors has authorized and the Company has declared a quarterly dividend on its common stock (the "Common Stock") in the amount of $0.0675 per sh…
Read attachment ↗