9.63
-7.31%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Medalist Diversified Reit
From its filings with the US Securities and Exchange Commission
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.
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
- Website
- medalistreit.com ↗
- 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
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
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
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.