Company research
Medalist Diversified, Inc.
CIK 1654595Updated Nov 9, 2026
SecurityMDRR · NASDAQ · equity
Historical securities (1)
MDRRP · NASDAQ · preferred · closed Jan 10, 2025Name 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
10-Q filing
Financial Statements and Exhibits
Items 9.01
DEF 14C filing
PRE 14C filing
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other Events
Items 5.03, 8.01, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Other Events
Items 8.01, 9.01
Financial Statements and Exhibits
Items 9.01
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
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 92,104,371Source | 74,607,485Source | 57,816,856Source | 77,657,148Source | 75,248,913Source | 68,923,787Source | 78,229,666Source | 75,981,024Source | 77,739,611Source | 75,097,702Source | 82,746,016Source | 87,915,404Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,886,677Source | 3,121,333Source | 6,382,359Source | 1,950,829Source | 3,826,475Source | 8,604,528Source | 2,744,002Source | 3,637,400Source | 2,631,964Source | 4,776,021Source | 2,234,603Source | 3,922,136Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 67,109,218Source | 58,137,815Source | 20,537,440Source | 52,336,339Source | 58,150,568Source | 29,037,824Source | 52,384,420Source | 58,269,213Source | 53,627,689Source | 54,095,456Source | 69,015,595Source | 69,222,965Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 11,124Source | 11,153Source | 16,285Source | 13,524Source | 11,183Source | 14,285Source | 13,552Source | 22,366Source | 11,100Source | 13,453Source | 22,188Source | 177,584Source |
| Additional Paid in CapitalUSD | 51,989,953Source | 51,577,572Source | 58,182,979Source | 54,531,595Source | 51,612,714Source | 55,940,486Source | 54,565,731Source | 51,601,531Source | 51,957,534Source | 54,450,272Source | 51,514,209Source | 51,363,812Source |
| Retained Earnings (Accumulated Deficit)USD | -38,219,239Source | -35,678,971Source | -30,384,954Source | -37,732,004Source | -35,096,071Source | -29,869,847Source | -37,121,866Source | -34,529,636Source | -38,761,731Source | -36,027,063Source | -35,864,693Source | -30,939,020Source |
| Stockholders' Equity Attributable to ParentUSD | 10,377,783Source | 12,558,808Source | 24,031,789Source | 13,409,060Source | 13,176,880Source | 22,302,403Source | 13,991,147Source | 13,743,315Source | 9,429,110Source | 15,032,607Source | 12,320,758Source | 17,251,430Source |
| Liabilities and EquityUSD | 92,104,371Source | 74,607,485Source | 57,816,856Source | 77,657,148Source | 75,248,913Source | 68,923,787Source | 78,229,666Source | 75,981,024Source | 77,739,611Source | 75,097,702Source | 82,746,016Source | 87,915,404Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | 63,611,635Source | — | 19,080,210Source | 49,578,890Source | — | 26,702,691Source | — | — | 51,375,361Source | — | 60,361,661Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -166,738Source | -517,949Source | -206,121Source | -331,163Source | 14,122,769Source | -1,026,884Source | -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 | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -508,353Source | 459,972Source | 1,530,751Source | 1,796,137Source | 104,013Source | 1,194,626Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 4,653,138Source | -227,464Source | -6,979,859Source | 2,062,407Source | -1,483,117Source | -9,319,181Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | — | 106,624Source | 140,788Source | 32,467Source | — | 286,543Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 1,156,410Source | -2,067,035Source | 3,510,442Source | -1,595,413Source | -474,144Source | 6,403,431Source |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 5,301,195Source | -1,834,527Source | -1,938,666Source | 2,263,131Source | -1,853,248Source | -1,721,124Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 3,802,586Source | 4,968,659Source | 7,427,773Source | 3,637,782Source | 9,435,265Source | 4,238,209Source | 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 | — | — | — | — | — | — | 499,466Source | 576,397Source | 2,642,325Source | 2,928,549Source | 3,278,722Source | 3,237,728Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | 224,220Source | 397,182Source | 397,182Source | 277,500Source | — | 483,100Source |
| Amortization of Debt Issuance CostsUSD | — | — | 20,366Source | 90,731Source | 6,956Source | 29,179Source | 11,179Source | 31,584Source | 99,254Source | 347,445Source | 349,936Source | 330,476Source |
| Amortization of Intangible AssetsUSD | — | — | 100,597Source | 145,898Source | 37,790Source | 126,134Source | 71,803Source | 137,015Source | 442,646Source | 616,284Source | 890,348Source | 1,325,574Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| DepreciationUSD | — | — | — | — | — | — | 416,967Source | 828,196Source | 2,904,931Source | 3,299,199Source | 3,683,815Source | 3,381,249Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | — | — | 0Source | 0Source | 0Source | -5,700Source | 0Source | -61,803Source | -74,328Source | -182Source | -90,221Source | -36,670Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | 0Source | — | 0Source | — | -15,458Source | — | 0Source | -12,380,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | -27,066Source | -372,340Source | — | -430,644Source | -51,837Source | — | -389,207Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | — | — | — | — | -65,207Source | — | 12,850,227Source | — | 731,439Source | 2,819,502Source | — | -421,096Source |
| General and Administrative ExpenseUSD | — | — | 268,985Source | 238,189Source | 231,661Source | 357,377Source | 348,189Source | 353,341Source | 1,283,334Source | 968,435Source | 484,345Source | 457,653Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 0Source | 0Source | — | 0Source | — | 0Source | — | 0Source | — | 36,670Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -395,948Source | -526,996Source | -418,684Source | -456,444Source | 8,966,809Source | -1,006,826Source | -2,388,837Source | 27,524Source | -4,571,279Source | -4,769,241Source |
| Operating ExpensesUSD | — | — | 2,344,725Source | 2,033,653Source | 2,137,232Source | 2,196,601Source | 2,341,118Source | 2,864,781Source | 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 |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Income Tax Expense (Benefit) | — | — | — | —Source | —Source | — | —Source | — | — | — | — | — |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | —Source | — | —Source | —Source | — | — | — | — |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 2,786,241Source | 2,336,925Source | — | 2,465,173Source | — | 2,321,640Source | 10,396,618Source | 9,735,127Source | 10,272,826Source | 11,091,325Source |
| Operating Income (Loss)USD | — | — | 441,516Source | 303,272Source | -394,017Source | 241,506Source | 12,296,034Source | -552,516Source | 547,902Source | 3,731,593Source | -997,164Source | -1,413,626Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -327,300Source | -427,650Source | -203,733Source | -331,163Source | 12,044,127Source | -1,026,884Source | -2,072,494Source | 711,794Source | -4,538,064Source | -4,968,714Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -395,948Source | -526,996Source | -418,684Source | -456,444Source | 8,966,809Source | -1,006,826Source | -2,388,837Source | 27,524Source | -4,571,279Source | -4,769,241Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.33Source | -0.47Source | -0.26Source | -0.34Source | 7.01Source | -0.74Source | -1.9Source | 0.02Source | -2.06Source | -0.28Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.33Source | -0.47Source | -0.26Source | -0.34Source | 4.85Source | -0.74Source | -1.9Source | 0.02Source | -2.06Source | -0.28Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 1,213,052Source | 1,116,391Source | 1,592,944Source | 1,353,132Source | 1,279,523Source | 1,357,050Source | 1,258,602Source | 1,127,768Source | 2,219,149Source | 17,122,617Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 1,213,052Source | 1,116,391Source | 1,592,944Source | 1,353,132Source | 1,848,135Source | 1,357,050Source | 1,258,602Source | 1,132,588Source | 2,219,149Source | 17,122,617Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 100,597Source | 145,898Source | 37,790Source | 126,134Source | 71,803Source | 137,015Source | 442,646Source | 616,284Source | 890,348Source | 1,325,574Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 768,678Source | 973,367Source | 330,677Source | 933,292Source | 488,770Source | 965,211Source | 3,347,577Source | 3,915,483Source | 4,574,163Source | 4,706,823Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | — | — | — | — | -65,207Source | — | 12,850,227Source | — | 731,439Source | 2,819,502Source | — | -421,096Source |
| General and Administrative ExpenseUSD | — | — | 268,985Source | 238,189Source | 231,661Source | 357,377Source | 348,189Source | 353,341Source | 1,283,334Source | 968,435Source | 484,345Source | 457,653Source |
| Interest ExpenseUSD | — | — | 768,816Source | 730,922Source | 297,732Source | 558,840Source | 456,095Source | 573,016Source | 2,620,396Source | 3,019,799Source | 3,540,900Source | 3,555,088Source |
| Interest Expense, DebtUSD | — | — | 767,496Source | 571,023Source | 313,089Source | 546,242Source | 474,314Source | 544,025Source | 2,596,846Source | 2,387,933Source | 2,863,108Source | 2,830,159Source |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, RedeemableUSD | — | — | 226,290Source | 25,843Source | 132,920Source | 126,807Source | 4,928,795Source | -15,541Source | 452,028Source | 266,107Source | -1,307Source | -20,072Source |
| Operating ExpensesUSD | — | — | 2,344,725Source | 2,033,653Source | 2,137,232Source | 2,196,601Source | 2,341,118Source | 2,864,781Source | 10,140,136Source | 8,723,519Source | 11,269,990Source | 11,694,648Source |
| Other General ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 227,164Source |
| Income Tax Expense (Benefit) | — | — | — | —Source | —Source | — | —Source | — | — | — | — | — |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | —Source | — | — | — | — | — |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
Filing attachments
mdrr-ex99d1.htm · 8-K/A · 2026-11-06
Exhibit 99.1 PILOT POINT CALIBER PROPERTY FINANCIAL STATEMENTS Six Months Ended June 30, 2026 (unaudited) and Year Ended December 31, 2025 Table of Contents Report of Independent Auditor 1 Statements of Revenues and Certain Operating Expenses 3 Notes to Statements of Revenues and Certain Operating Expenses 4 ────────────────────────────────────────────────────────────────────────── Report of Independent Auditor To the Boa…
Read attachment ↗mdrr-ex99d2.htm · 8-K/A · 2026-11-06
Exhibit 99.2 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 Article 11 of Regulation S-X promulgated by the Un…
Read attachment ↗mdrr-ex99d1.htm · 8-K · 2026-10-06
Exhibit 99.1 MEDALIST DIVERSIFIED, INC. ANNOUNCES DIVIDEND OF $0.0675 PER SHARE ON ITS COMMON STOCK RICHMOND, VA., OCTOBER 6, 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 share (the "Dividend"). The Dividend will be pa…
Read attachment ↗mdrr-20260729xex99d1.htm · 8-K/A · 2026-09-25
Exhibit 99.1 OVERLAND PARK CALIBER COLLISION PROPERTY FINANCIAL STATEMENTS Six Months Ended June 30, 2026 (unaudited) and Year Ended December 31, 2025 Table of Contents Report of Independent Auditor 1 Statements of Revenues and Certain Operating Expenses 3 Notes to Statements of Revenues and Certain Operating Expenses 4 ────────────────────────────────────────────────────────────────────────── Report of Independent Auditor…
Read attachment ↗mdrr-20260729xex99d2.htm · 8-K/A · 2026-09-25
Exhibit 99.2 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 Article 11 of Regulation S-X promulgated by the Un…
Read attachment ↗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 ↗