Medalist Diversified, Inc. MDRR
Medalist Diversified REIT, Inc. was incorporated in Maryland on September 28, 2015. The company believes it began operating in a manner consistent with Real Estate Investment Trust (REIT) qualifications for its fiscal year ending December 31, 2017, and has since elected to be treated as a REIT for federal income tax purposes. Additionally, it serves as the general partner for Medalist Diversified Holdings, LP, a Delaware limited partnership established a day later on September 29, 2015. The company's core business involves the acquisition, enhancement, renovation, leasing, and ongoing management of income-generating real estate assets. Its investment strategy places a primary focus on commercial properties (including flexible industrial and retail spaces), multi-family residential complexes, and limited-service hotel properties. These holdings are strategically located in secondary and tertiary markets throughout the southeastern United States, with a strong anticipated presence in Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $10.40M | $-2.39M | $3.35M | $4.03M | $1.53M |
| 2024 | $9.74M | $27.52K | $3.66M | $7.42M | $1.80M |
| 2023 | $10.27M | $-4.57M | $4.57M | $3.54M | $104.01K |
| 2022 | $11.09M | $-4.77M | $4.71M | $3.53M | $1.19M |
| 2021 | $11.47M | $-4.36M | $3.51M | $4.68M | $832.61K |
| 2020 | $9.28M | $-8.18M | $3.98M | $-1.64M | $-1.68M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-04-15 | 2026-04-15 | 2026-04-21 | 2026-04-01 | $0.07 | Quarterly |
| 2026-01-08 | 2026-01-08 | 2026-01-13 | 2025-12-18 | $0.07 | Quarterly |
| 2025-10-09 | 2025-10-09 | 2025-10-14 | 2025-09-25 | $0.07 | Quarterly |
| 2025-07-11 | 2025-07-11 | 2025-07-16 | 2025-06-27 | $0.07 | Quarterly |
| 2025-04-17 | 2025-04-17 | 2025-04-22 | 2025-04-04 | $0.07 | Quarterly |
| 2025-01-17 | 2025-01-20 | 2025-01-23 | 2025-01-07 | $0.07 | Quarterly |
| 2024-10-16 | 2024-10-16 | 2024-10-21 | 2024-10-03 | $0.06 | Quarterly |
| 2024-07-23 | 2024-07-23 | 2024-07-26 | 2024-07-05 | $0.05 | Quarterly |
| 2024-04-19 | 2024-04-22 | 2024-04-25 | 2024-04-08 | $0.02 | Quarterly |
| 2024-02-01 | 2024-02-02 | 2024-02-06 | 2024-01-23 | $0.01 | Quarterly |
| 2023-04-24 | 2023-04-25 | 2023-04-28 | 2023-04-12 | $0.01 | Quarterly |
| 2023-01-23 | 2023-01-24 | 2023-01-27 | 2023-01-11 | $0.01 | Quarterly |
| 2022-10-14 | 2022-10-17 | 2022-10-20 | 2022-10-04 | $0.01 | Quarterly |
| 2022-07-15 | 2022-07-18 | 2022-07-21 | 2022-06-27 | $0.02 | Quarterly |
| 2022-04-14 | 2022-04-18 | 2022-04-21 | 2022-04-05 | $0.02 | Quarterly |
| 2022-01-12 | 2022-01-13 | 2022-01-20 | 2021-12-22 | $0.02 | Quarterly |
| 2021-10-22 | 2021-10-25 | 2021-10-27 | 2021-10-12 | $0.02 | Quarterly |
| 2021-07-30 | 2021-08-02 | 2021-08-05 | 2021-07-22 | $0.02 | Quarterly |
| 2020-02-10 | 2020-02-11 | 2020-03-10 | 2019-11-29 | $0.12 | Quarterly |
| 2019-12-11 | 2018-12-12 | — | — | $0.17 | Monthly |
| 2019-11-12 | 2019-11-13 | 2019-12-04 | 2019-10-23 | $0.17 | Quarterly |
| 2019-07-11 | 2019-07-12 | 2019-07-17 | 2019-06-28 | $0.17 | Quarterly |
| 2019-05-23 | 2019-05-24 | 2019-05-28 | 2019-05-14 | $0.17 | Quarterly |
| 2018-12-11 | 2018-12-12 | 2018-12-14 | 2018-12-04 | $0.17 | Semi-Annual |
Coverage (payout of operating cash flow): 22.20%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.