Investors and analysts following the real estate industry utilize certain financial measures as supplemental performance measures, including net operating income (“NOI”), Same Property NOI, earnings before interest, taxes, depreciation and amortization for real estate (“EBITDA”), Funds from operations (“FFO”) and Adjusted FFO (“AFFO”). download financial supplement The post Medalist Diversified REIT, Inc. released supplemental financial information about its 3rd quarter 2023 financial results appeared first on Medalist Diversified REIT ..read more

RICHMOND, Va., October 19, 2023–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced that its Board of Directors (the “Board”) has authorized and the Company has declared a dividend for the second and third quarters of 2023 on its 8.0% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) in the amount of $0.50 per share per quarter (the “Series A Dividends”). The Series A Divide ..read more

RICHMOND, Va., August 23, 2023–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., released today a letter from Francis P. Kavanaugh, the Company’s interim CEO and President, providing an update on the Company’s activities during the first 30 days of his tenure.  Dear Shareholders, Having reached my 30th day as interim CEO of Medalist Diversified REIT, Inc. (“MDRR”), I’m pleased to present an update on o ..read more

Investors and analysts following the real estate industry utilize certain financial measures as supplemental performance measures, including net operating income (“NOI”), Same Property NOI, earnings before interest, taxes, depreciation and amortization for real estate (“EBITDA”), Funds from operations (“FFO”) and Adjusted FFO (“AFFO”). Download Financial Supplement The post Medalist Diversified REIT, Inc. released supplemental financial information about its 2nd quarter 2023 financial results appeared first on Medalist Diversified REIT ..read more

RICHMOND, Va., August 7, 2023–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that it has paused its previously announced plan to sell certain assets and has shifted its strategy to focus on continuing to optimize long-term asset value. The move responds to evolving market conditions and aligns with the Company’s commitment to its stockholders. Francis P. Kavanaugh, the Company’s interim C ..read more

RICHMOND, Va., July 18, 2023–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that the Company has completed its process to internalize management, and resultant changes to the Company’s leadership and to the Company’s Board of Directors (the “Board”). In connection with these actions, Thomas (Tim) Messier and William Elliott will be leaving their respective roles with the Company effective ..read more

RICHMOND, Va., July 12, 2023–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that the Special Committee (the “Special Committee”) of the Company’s Board of Directors (the “Board”) has completed its exploration of strategic alternatives. Upon the recommendation of the Special Committee, the Board has approved the Company’s negotiation of the sale of its interests in four properties from the ..read more

RICHMOND, VA, May 22, 2023.  Medalist Diversified REIT, Inc. (NASDAQ:MDRR) (the “Company”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that the Company has regained compliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).  Specifically, the Company received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has regained com ..read more

RICHMOND, VA, May 11, 2023.  Medalist Diversified REIT, Inc. (NASDAQ:MDRR) (the “Company”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today reported financial results for the three months ended March 31, 2023.  In addition, the Company released supplemental financial information about its first quarter 2023 financial results.  Key Highlights: Total revenues decreased by 15% to $2,460,976, down from $2,903,964 for the same quarter in 2022. Excluding Q1 2022 reven ..read more

RICHMOND, Va.–(BUSINESS WIRE)– Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced that it has received a 180-day extension to regain compliance with The Nasdaq Stock Market LLC (“Nasdaq”) listing rule 5550 (a)(2) (the “Minimum Bid Price Requirement”).  As previously disclosed, on July 11, 2022, the Company received a deficiency letter from the Listing Qualifications Department (the “Staff”) of Nasd ..read more