Medalist Diversified REIT, Inc.
NASDAQ Capital MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Francis Kavanaugh
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 1051 East Cary Street Richmond VA United States of America 23219
- IPO Date
- Nov 28, 2018
- CIK
- 0001654595
- Website
- medalistreit.com
- Similar Companies
- Business
- Medalist Diversified REIT, Inc. (NASDAQ: MDRR) is a publicly traded real estate investment trust that acquires, owns, renovates, leases and manages income-producing commercial properties, with a primary focus on single-tenant net lease assets leased to investment-grade tenants rated BBB+ or better; through its subsidiary MDRR Sponsor TRS, LLC, the company sponsors institutional-grade Delaware Statutory Trusts (DSTs) offering accredited investors fractional ownership in properties such as auto service centers, quick-service restaurants, dollar stores, distribution centers, warehouses, light manufacturing facilities, healthcare outpatient centers and dialysis clinics; its portfolio, as of December 31, 2024, comprises 10 properties totaling approximately 782,000 square feet, including 9 assets in the Southeast United States and 1 in Illinois, with properties encompassing retail centers like Shops at Franklin Square, Ashley Plaza Shopping Center, Lancer Center and Salisbury Marketplace; flex-industrial facilities such as Brookfield Center, Greenbrier Business Center and Parkway; and other single-tenant net lease assets including Citibank, Hanover Square outparcel and a Tesla Service Center in Pensacola, Florida. The company operates primarily in secondary and tertiary markets across the Sunbelt and Mountain West regions, including Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Texas, Tennessee, Utah, Arizona, Idaho, Nevada and Colorado, targeting merchants, businesses, healthcare providers and leisure travelers with long-term leases of 10+ years emphasizing credit quality and cap rates of 5.75-6.50%. Founded in 2015 and headquartered in Richmond, Virginia, Medalist Diversified REIT completed its initial public offering on NASDAQ in November 2018 and functions as the general partner of Medalist Diversified Holdings, LP, an umbrella partnership real estate investment trust (UPREIT) structure; it maintains public company transparency through SEC filings including quarterly 10-Qs and annual 10-Ks, independent board oversight and third-party FactRight due diligence reports for DST offerings. Recent developments include the completion of the Salisbury Marketplace Shopping Center sale in North Carolina for $9.93 million to Salisbury SC LLC in 2025, streamlining the portfolio through its wholly-owned subsidiary MDR Salisbury, LLC; the securing of a $7.7 million loan from Pinnacle Bank via subsidiary MDRR XXV DST 1; the launch of a current DST offering for a newly constructed Tesla Service Center under a single-tenant NNN lease with Tesla, Inc. (S&P: BBB); and CEO Francis P. Kavanaugh's exchange of 2,405 common shares for operating partnership units plus additional unit acquisitions in 2024-2025, increasing his indirect ownership to over 456,000 units and signaling leadership confidence in strategic shifts toward investment-grade net lease focus and DST expansion.
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Medalist Diversified REIT, Inc. Announces Dividend of $0.0675 Per Share on Its Common Stock
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Medalist Diversified REIT, Inc. Announces Dividend of $0.0675 Per Share on Its Common Stock
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Medalist Diversified REIT, Inc. Announces Common Stock Dividend of $0.0675 Per Share
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Medalist Diversified REIT, Inc. Announces Partial Redemption of Its 8% Series A Cumulative Redeemable Preferred Stock, Par Value $0.01 Per Share
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Medalist Diversified REIT, Inc. Announces $4 Million Line of Credit and Cash Dividend of $0.06 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock Cash Dividend
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