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Complete financial analysis of Medalist Diversified REIT, Inc. (MDRR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Medalist Diversified REIT, Inc., a leading company in the REIT – Diversified industry within the Real Estate sector.
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Medalist Diversified REIT, Inc. (MDRR)
About Medalist Diversified REIT, Inc.
Medalist Diversified REIT Inc. is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (REIT), and we have elected to be taxed as a REIT for federal income tax purposes. Our company serves as the general partner of Medalist Diversified Holdings, LP which was formed as a Delaware limited partnership on September 29, 2015. Our company was formed to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial and retail properties, (ii) multi-family residential properties and (iii) limited service hotel properties in secondary and tertiary markets in the southeastern part of the United States, with an expected concentration in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.27M | 11.09M | 11.47M | 9.28M | 8.27M | 6.59M | 1.72M | 0.00 | 0.00 |
| Cost of Revenue | 2.60M | 3.93M | 4.97M | 4.76M | 4.35M | 3.59M | 959.40K | 0.00 | 0.00 |
| Gross Profit | 7.67M | 7.16M | 6.51M | 4.52M | 3.92M | 3.00M | 765.26K | 0.00 | 0.00 |
| Gross Profit Ratio | 74.69% | 64.54% | 56.72% | 48.70% | 47.43% | 45.59% | 44.37% | 0.00% | 0.00% |
| Research & Development | 0.00 | -0.43 | -0.38 | -1.04 | -0.50 | -0.47 | -0.76 | 0.00 | 0.00 |
| General & Administrative | 1.88M | 2.57M | 2.27M | 2.13M | 1.41M | 1.83M | 307.24K | 44.43K | 566.85K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.88M | 2.57M | 2.27M | 2.13M | 1.41M | 1.83M | -0.68 | 44.43K | 566.85K |
| Other Expenses | 6.79M | 4.93M | 3.51M | 3.98M | 2.77M | 44.09K | 83.44K | -1.82K | 0.00 |
| Operating Expenses | 8.67M | 7.50M | 5.78M | 6.11M | 4.19M | 3.88M | 1.05M | 44.43K | 567.34K |
| Cost & Expenses | 11.27M | 11.44M | 10.74M | 10.87M | 8.53M | 7.46M | 2.01M | 44.43K | 567.34K |
| Interest Income | 38.31K | 3.54M | 5.52M | 3.96M | 2.47M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.54M | 3.56M | 5.53M | 3.96M | 2.47M | 1.92M | 766.86K | 1.82K | 0.00 |
| Depreciation & Amortization | 4.57M | 11.48M | 10.78M | 11.31M | 8.56M | 7.47M | 2.01M | 88.86K | 566.85K |
| EBITDA | 3.54M | 4.60M | 4.68M | 2.51M | 1.44M | 1.02M | 1.27M | 0.00 | -496.00 |
| EBITDA Ratio | 34.48% | 41.47% | 40.09% | 27.05% | 29.34% | 18.42% | 31.39% | 0.00% | 0.00% |
| Operating Income | -997.16K | 119.17K | 1.09M | -1.47M | -348.01K | -1.06M | -285.13K | -44.43K | -566.85K |
| Operating Income Ratio | -9.71% | 1.07% | 9.50% | -15.88% | -4.21% | -16.16% | -16.53% | 0.00% | 0.00% |
| Total Other Income/Expenses | -3.58M | -4.48M | -5.17M | -8.11M | -2.56M | 44.09K | 83.44K | 0.00 | -496.00 |
| Income Before Tax | -4.57M | -4.73M | -4.36M | -9.58M | -3.80M | -2.94M | -968.55K | -46.25K | -567.34K |
| Income Before Tax Ratio | -44.52% | -42.67% | -37.99% | -103.29% | -46.01% | -44.58% | -56.16% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 233.16K | 5.90M | 2.68M | 1.60M | 53.15K | 646.23K | -88.86K | -496.00 |
| Net Income | -4.57M | -4.97M | -10.26M | -12.26M | -5.40M | -2.74M | -847.92K | -46.25K | -567.34K |
| Net Income Ratio | -44.50% | -44.77% | -89.43% | -132.19% | -65.36% | -41.63% | -49.16% | 0.00% | 0.00% |
| EPS | -4.12 | -2.32 | -6.27 | -20.83 | -11.74 | -11.15 | -3.05 | -0.17 | 0.00 |
| EPS Diluted | -4.12 | -2.32 | -6.27 | -20.83 | -11.74 | -11.15 | -3.05 | -0.17 | 0.00 |
| Weighted Avg Shares Out | 1.11M | 2.14M | 1.64M | 588.75K | 460.40K | 246.00K | 277.97K | 277.97K | 0.00 |
| Weighted Avg Shares Out (Dil) | 1.11M | 2.14M | 1.64M | 588.75K | 460.40K | 246.00K | 277.97K | 277.97K | 0.00 |
9.70% Shareholder Frank Kavanaugh Addresses Concerns Raised by Jon S. Wheeler and Calls for Augmentation of Independent Board Members at Medalist Diversified REIT, Inc.
NEWPORT BEACH, Calif., May 10, 2023 /PRNewswire/ — The following press release is distributed on behalf of Frank Kavanaugh, who owns 9.70% of Medalist Diversified REIT’s (NASDAQ: MDRR), outstanding shares and supports the company’s management and board — In response...
9.70% Shareholder Frank Kavanaugh Addresses Concerns Raised by Jon S. Wheeler and Calls for Augmentation of Independent Board Members at Medalist Diversified REIT, Inc.
NEWPORT BEACH, Calif. , May 10, 2023 /PRNewswire/ -- The following press release is distributed on behalf of Frank Kavanaugh, who owns 9.70% of Medalist Diversified REIT's (NASDAQ: MDRR), outstanding shares and supports the company's management and board -- In...
Medalist Diversified REIT, Inc. Announces Effectiveness of Reverse Stock Split
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 value-add commercial real estate in the Mid-Atlantic and Southeast regions of the United States, today...
Medalist Diversified REIT, Inc. Announces Effectiveness of Reverse Stock Split
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 value-add commercial real estate in the Mid-Atlantic and Southeast regions of the United States, today...
Medalist Diversified REIT, Inc. Announces Reverse Stock Split and Provides Update on Strategic Review Process
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 value-add commercial real estate in the Mid-Atlantic and Southeast regions of the United States, today...
Medalist Diversified REIT, Inc. Announces Reverse Stock Split and Provides Update on Strategic Review Process
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 value-add commercial real estate in the Mid-Atlantic and Southeast regions of the United States, today...
Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock
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 today that its Board...
Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock
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 today that its Board...
Medalist Diversified REIT, Inc. Announces Establishment of a Special Committee of the Board and Exploration of Strategic Alternatives
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc.
Medalist Diversified REIT, Inc. Announces Establishment of a Special Committee of the Board and Exploration of Strategic Alternatives
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 value-add commercial real estate in the Mid-Atlantic and Southeast regions of the United States, today...
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