Medalist Diversified REIT Inc (OQ:MDRR)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: P.O. Box 8436
RICHMOND VA 23226
Tel: N/A
Website: https://www.medalistreit.com
IR: See website
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Key People
Francis P. Kavanaugh
President, Chief Executive Officer, Company Secretary, Director 		C. Brent Winn
Chief Financial Officer 		 
Business Overview
Medalist Diversified REIT, Inc. is a real estate investment trust. The Company is engaged in acquiring, repositioning, renovating, leasing, and managing income-producing properties, with a primary focus on commercial properties, including flex-industrial and retail properties, multifamily residential properties and hotel properties. The Company's segments are retail center properties and flex center properties. Retail center properties, consisting of the Franklin Square Property, have an undivided 84% tenant-in-common interest in the Hanover Square Property, the Ashley Plaza Property, the Lancer Center Property and the Salisbury Marketplace Property. Flex center properties, consisting of the Brookfield Center Property, the Greenbrier Business Center Property and an undivided 82% tenant-in-common interest in the Parkway Property. It invests in properties in the southeastern part of the United States, with a focus in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama.
Financial Overview
For the fiscal year ended 31 December 2023, Medalist Diversified REIT Inc revenues decreased 7% to $10.3M. Net loss decreased 4% to $4.6M. Revenues reflect Hotel properties segment decrease from $1.5M to $0K. Lower net loss reflects Net Operating Income (NOI) - Retail Prop increase of 14% to $5.8M, Share based compensation expenses decrease from $483K (expense) to $0K. Dividend per share decreased from $0.40 to $0.19.
Reporting Currency: U.S. Dollars
Enterprise value: $76.35M as of Dec 31, 2023
Annual revenue (TTM): $10.27M as of Dec 31, 2023
EBITDA (TTM): $5.34M as of Dec 31, 2023
Net annual income (TTM): -$4.57M as of Dec 31, 2023
Free cash flow (TTM): -$1.76M as of Dec 31, 2023
Net Debt Last Fiscal Year: $63.82M as of Dec 31, 2023
Shares outstanding: 2,236,631 as of Mar 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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