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Medalist Diversified Reit MDRR · USD

Real Estate · US listing · 🇺🇸 United States

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9.63

-7.31%

Close of 9 Nov 2026, in USD

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About Medalist Diversified Reit

From its filings with the US Securities and Exchange Commission

SEC filings

Medalist Diversified Reit is based in Richmond, Virginia and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker MDRR. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $10.4m and a net loss of $2.4m. At that date it held total assets of $77.7m and shareholders' equity of $9.4m.

In its own words

Medalist Diversified, Inc. was formed in 2015 as a Maryland corporation, to acquire, reposition, renovate, lease and manage income-producing properties. We own our investment properties and other investments through our operating partnership, Medalist Diversified Holdings, L.P., a Delaware limited partnership (the “Operating Partnership”) which was formed on September 29, 2015. Medalist Diversified, Inc. serves as the general partner of Medalist Diversified Holdings, LP. Beginning with our taxable year ended December 31, 2017, through our taxable year ended December 31, 2025, we elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes, and we believe that we operated in a manner qualifying us as a REIT for those taxable years. We revoked our REIT election effective January 1, 2026. On March 2, 2026, we changed our name from Medalist Diversified REIT, Inc. to Medalist Diversified, Inc. in connection with our revocation of our REIT status.

During 2025, we initiated a DST sponsorship platform to raise capital, through our Operating Partnership, through private placement offerings exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), by selling beneficial interests (the “DST Interests”) in specific DSTs holding real properties (the “DST Program”). On July 18, 2025, we closed on the acquisition of a Tesla sales, service and delivery facility consisting of a 45,461 square foot, single story building on 3.498 acres of land located at 312 E.

Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
28 Nov 2018
Head office
PO BOX 8436, RICHMOND, VA, 23226
Incorporated in
MD
Classification
Real Estate Investment Trusts
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Francis KavanaughChairman of the Board, President, Chief Executive Officer, Treasurer, Company Secretary, since 2023$265,000
  • Mr. C. Brent WinnChief Financial Officer$250,000
  • Mr. Neil FarmerLead Independent Director$30,000
  • Mr. Marc CarlsonIndependent Director
  • Mr. Alfred FinleyIndependent Director$30,000
  • Mr. Kory KramerIndependent Director
  • Mr. David LuninIndependent Director$30,000
  • Mr. Emanuel NeumanIndependent Director$30,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Headquartered in Richmond, Virginia with a focus on southeastern U.S. markets.
  • Owns three specific properties including retail centers and a hotel in the southeastern U.S.
  • Operates as a REIT with a clear investment strategy in secondary and tertiary markets.

Weaknesses

  • Reports zero full-time employees, indicating potential operational limitations.
  • Relies on a small number of properties for its investment portfolio.
  • Limited to a specific geographic concentration in the southeastern U.S.

Opportunities

  • Potential for expansion into new markets within the southeastern U.S. region.
  • Growth opportunities in secondary and tertiary markets through property repositioning.
  • Possible acquisition of additional properties to diversify the portfolio.

Threats

  • Dependence on a limited number of properties may increase risk exposure.
  • Geographic concentration could be vulnerable to regional economic downturns.
  • Zero full-time employees may hinder operational scalability and responsiveness.

Sources and methodology

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