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 (ÂREITÂ), 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.
IPO Year: 2018
Exchange: NASDAQ
Website: medalistreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/19/2022 | $1.50 | Buy | EF Hutton |
10-Q - Medalist Diversified REIT, Inc. (0001654595) (Filer)
8-K - Medalist Diversified REIT, Inc. (0001654595) (Filer)
8-K - Medalist Diversified REIT, Inc. (0001654595) (Filer)
8-K - Medalist Diversified REIT, Inc. (0001654595) (Filer)
8-K - Medalist Diversified REIT, Inc. (0001654595) (Filer)
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10-Q - Medalist Diversified REIT, Inc. (0001654595) (Filer)
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4 - Medalist Diversified REIT, Inc. (0001654595) (Issuer)
4 - Medalist Diversified REIT, Inc. (0001654595) (Issuer)
4 - Medalist Diversified REIT, Inc. (0001654595) (Issuer)
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4 - Medalist Diversified REIT, Inc. (0001654595) (Issuer)
4 - Medalist Diversified REIT, Inc. (0001654595) (Issuer)
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, gave notice of its intent to redeem 140,000 shares (the "Redeemed Shares") of its 8.0% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock") on November 25, 2024 (the "Optional Redemption Date"). The Redeemed Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends up to, but not including, the Optional Redemption Date in an amount equal to approximately $0.194 per share, for a total payment
Medalist Diversified REIT (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 increased its line of credit to $4 million, previously set at $1.5 million, as part of its ongoing strategic efforts to enhance financial flexibility and support future growth. The expanded credit facility carries an interest rate of SOFR + 3.1%, offering competitive financing terms that allow the Company to continue its focus on high-quality acquisitions and operational efficiency within its portfolio. Brent Winn, CFO of Medalis
Medalist Diversified REIT (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 has authorized and the Company has declared a quarterly dividend on its common stock (the "Common Stock") in the amount of $0.05 per share (the "Dividend"). The Dividend will be payable in cash on July 26, 2024 to holders of record of the Common Stock as of July 23, 2024. The Board of Directors has also authorized and the Company has declared a quarterly dividend on its 8.0% Series A Cumulative Redeemable Preferred Stock (the "
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 announced that the previously announced (i) reverse stock split of shares of the Company's common stock (the "Common Stock"), and a corresponding adjustment to the outstanding common units of its operating partnership, Medalist Diversified Holdings, L.P. (the "Operating Partnership"), at a ratio of 1-for-10 (the "Reverse Stock Split") will become effective at 5:00 p.m. Eastern Time on July 2, 2024, and automatically co
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 announced that its Board of Directors approved a one-for-ten reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding shares of common stock (the "Common Stock") and a five-for-one forward stock split of the Common Stock (the "Forward Stock Split" and, together with the Reverse Stock Split, the "Stock Splits"). The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern T
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 our strategic progress, tenant relationships, and promising trends in the retail industry that I believe bode well for our future. Proper
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's Board of Directors (the "Board") has granted a waiver of the ownership limitations in Article VI of the Company's Articles of Incorporation as amended (the "Charter") to permit Francis P. Kavanaugh and certain of his affiliates ("Kavanaugh") to own up to 20.0% in the aggregate of the outstanding shares of capital stock of the Company. Concurrent with this waiver, the Board in accordance with authority vested in it under the Ch
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 Chief Executive Officer and President, articulated this transition: "In response to the weakening capital markets, we are adjusting ou
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 immediately, Tim Messier, as the former Chairman and Chief Executive Officer, and William Elliott, as the former Vice Chairman, Pre
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 Company's portfolio. Consummation of the sale is subject to negotiation of, and entry into, definitive agreements and related loan
EF Hutton initiated coverage of Medalist Diversified REIT with a rating of Buy and set a new price target of $1.50
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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 announced the appointment of Francis P. Kavanaugh to its Board of Directors (the "Board"), effective immediately. Mr. Kavanaugh has also been appointed as a member of the previously disclosed Special Committee of the Board charged with exploration of potential strategic alternatives in order to maximize stockholder value. Mr. Kavanaugh has 30+ years of diverse experience in real estate investment, business restructuring, and operational leadership. Mr. Kavanaugh is
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, gave notice of its intent to redeem 140,000 shares (the "Redeemed Shares") of its 8.0% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock") on November 25, 2024 (the "Optional Redemption Date"). The Redeemed Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends up to, but not including, the Optional Redemption Date in an amount equal to approximately $0.194 per share, for a total payment
Medalist Diversified REIT (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 increased its line of credit to $4 million, previously set at $1.5 million, as part of its ongoing strategic efforts to enhance financial flexibility and support future growth. The expanded credit facility carries an interest rate of SOFR + 3.1%, offering competitive financing terms that allow the Company to continue its focus on high-quality acquisitions and operational efficiency within its portfolio. Brent Winn, CFO of Medalis
Medalist Diversified REIT (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 has authorized and the Company has declared a quarterly dividend on its common stock (the "Common Stock") in the amount of $0.05 per share (the "Dividend"). The Dividend will be payable in cash on July 26, 2024 to holders of record of the Common Stock as of July 23, 2024. The Board of Directors has also authorized and the Company has declared a quarterly dividend on its 8.0% Series A Cumulative Redeemable Preferred Stock (the "
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 our strategic progress, tenant relationships, and promising trends in the retail industry that I believe bode well for our future. Proper
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 immediately, Tim Messier, as the former Chairman and Chief Executive Officer, and William Elliott, as the former Vice Chairman, Pre
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 Company's portfolio. Consummation of the sale is subject to negotiation of, and entry into, definitive agreements and related loan
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 revenues from the Company's Clemson Best Western Hotel, which it sold on September 29, 2022, revenues increased by 15%, which includes the impact o
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 to a press release from Jon S. Wheeler, 9.70% shareholder Frank Kavanaugh acknowledges the concerns raised by Wheeler and other shareholders in Medalist Diversified REIT, Inc. (NASDAQ:MDRR). These concerns stem from the company's net losses totaling over $9,000,000 in 2021 and 2022, the impairment of the Hampton Inn Property resulting in a loss of $3,494,058, the $6,885,029 compensation paid to its management team since its ince
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 of Directors declared a quarterly cash dividend of $0.01 per share on the Company's common stock (the "Common Stock Dividend"). The Common Stock Dividend is payable in cash on April 28, 2023, to holders of record as of April 25, 2023. The Board of Directors also declared a dividend of $0.50 per share on the Company's 8.0% Series A Cumulative Redeemable Preferred Stock (the "Series A Dividend"). The Series A Dividend is payable i
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 year ended December 31, 2022 and provided an update on its corporate activities. In addition, the Company released supplemental financial information about its first quarter financial results. Key Highlights: Operating loss was $1,413,626 for the year ended December 31, 2022, compared to operating income of $814,504 for the year ended December 31, 2021. Net Operating Income (NOI) grew 6.8% to $6,884,918 for the year ended Decembe
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Luxurban Hotels Inc (NASDAQ:LUXH) On July 16, LuxUrban Hotels announced the closing of public offering of securities. The c
The Reverse Stock Split is expected to take effect as of 5:00 p.m. Eastern Time, on July 2, 2024.
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. United Natural Foods The Trade: United Natural Foods, Inc. (NYSE:UNFI) CFO John W Howard acquired a total of 6,275 shares a
Shares of Fisker Inc. (NYSE:FSR) rose sharply during Friday’s session after the company provided a December 2023 business update. The company grew deliveries by over 300% from Q3 to Q4, and total deliveries are approximately 4,700, with the majority being Fisker Ocean One launch edition vehicles priced at $68,999. In 2023, Fisker produced 10,142 Fisker Oceans and delivered approximately 4,700 vehicles. Fisker shares jumped 20.8% to $1.8250 on Friday. Here are some other stocks moving in today's mid-day session. Gainers China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC) shares climbed 132.6% to $4.8150. Aditxt, Inc. (NASDAQ:ADTX) shares climbed 73.4% to $8.36. Aditxt recently entered int
-SEC Filing
Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Motorcar Parts of America The Trade: Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director David Bryan acquired a total of 1,
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Asana The Trade: Asana, Inc. (NASDAQ:ASAN) President, CEO and Chair Dustin Moskovitz acquired a total of 160,000 shares an
Simultaneously, the Company announced that it is exploring diverse opportunities that might include mergers, investments, or other strategic combinations, with a focused objective of enhancing shareholder value. The Board Has Approved The Temporary Suspension Of Dividends
EF Hutton analyst Gaurav Mehta maintains Medalist Diversified REIT (NASDAQ:MDRR) with a Buy and lowers the price target from $10 to $9.
On Thursday, 498 companies reached new 52-week lows. Things to Consider About Today's 52-Week Lows: Pfizer (NYSE:PFE) was the biggest company in terms of market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Mullen Automotive (NASDAQ:MULN)'s stock traded down the lowest, falling 2028.33% to reach a new 52-week low. Innoviz Technologies (NASDAQ:INVZ) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) stock drifted down 0.18% on Thursday morning to hit a new 52-week low of $38.02. C