Medalist Diversified REIT, Inc.
- Open
- 11.59
- Day high
- 12.35
- Day low
- 11.55
- Prev close
- 11.65
- Volume
- 0
- Mkt cap
- $19M
- P/E (TTM)
- 2.0
- EPS (TTM)
- $5.92
- P/B
- 0.8
- P/S
- 1.8
- Yield
- 2.34%
- Per share
- $0.27
- ▲Insiders net buying $23K over the last 3 months (5 open-market buys, 0 sales)
Medalist Diversified REIT, Inc. (MDRR) is a Real Estate company listed on NASDAQ. The stock is up 8% over the past year. Over the trailing 3 months, insiders filed 5 open-market buys and 0 sales (SEC Form 4).
Medalist Diversified REIT, Inc. (MDRR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MDRR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 13, 2026 | $-1.76 | $-1.90 | -8.0% | $2M | -28.0% |
| Dec 23, 2025 | — | $-0.33 | — | $3M | — |
| Aug 7, 2025 | — | $-0.34 | — | $2M | — |
| May 8, 2025 | — | $-0.74 | — | $2M | — |
| Feb 27, 2025 | — | $-0.26 | — | $3M | -1.7% |
| Aug 9, 2024 | — | $-0.47 | — | $2M | -9.3% |
| May 9, 2024 | — | $-1.26 | — | $3M | +2.0% |
| Mar 6, 2024 | — | $-0.48 | — | $3M | +8.1% |
| Nov 13, 2023 | — | $-0.46 | — | $3M | +4.0% |
| May 11, 2023 | — | $-0.14 | — | $2M | -10.4% |
| Mar 10, 2023 | — | $-0.96 | — | $3M | -9.5% |
| Nov 9, 2022 | — | $-1.60 | — | $3M | +9.3% |
MDRR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 26, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 1,640 | $10.42 |
| May 22, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 34 | $11.25 |
| May 22, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 40 | $11.25 |
| May 19, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 20 | $11.25 |
| May 19, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 461 | $11.25 |
| Mar 13, 2026 | KAVANAUGH FRANKdirector, 10 percent owner, officer: CHAIRMAN, CEO & PRESIDENT | Buy | 40,000 | $15.00 |
| Mar 6, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 350 | $11.60 |
| Mar 6, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 501 | $11.40 |
| Mar 6, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Buy | 337 | $11.40 |
| Jan 30, 2026 | Winn Charles Brent Jr.officer: CHIEF FINANCIAL OFFICER | Grant | 4,000 | $12.12 |
| Jan 30, 2026 | Neuman Emanuel Ddirector | Grant | 2,500 | $12.12 |
| Jan 30, 2026 | Lunin Daviddirector | Grant | 2,500 | $12.12 |
| Jan 30, 2026 | Carlson Marcdirector | Grant | 2,000 | $12.12 |
| Jan 30, 2026 | Farmer Neil Pdirector | Grant | 2,500 | $12.12 |
| Jan 30, 2026 | KAVANAUGH FRANKdirector, 10 percent owner, officer: CHAIRMAN, CEO & PRESIDENT | Grant | 4,000 | $12.12 |
Source: MDRR SEC Form 4 filings, latest May 26, 2026. For informational purposes only — not investment advice.
See the full MDRR insider & 13F page →Medalist Diversified REIT, Inc. company profile
Overview
Medalist Diversified REIT, Inc. (OTC:MDRR) is a Maryland-based real estate investment trust founded in 2015 that began operating as a REIT in 2017. The company focuses on acquiring, repositioning, and managing income-producing properties across the southeastern United States, particularly in Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama. As a publicly traded REIT, Medalist is required to distribute at least 90% of its taxable income to shareholders in exchange for favorable tax treatment at the corporate level.
Business
Medalist Diversified REIT operates in the real estate investment trust industry, which involves owning and operating income-generating real estate properties. A REIT is a company that owns, operates, or finances income-producing real estate, allowing individual investors to earn dividends from real estate investments without having to buy, manage, or finance properties themselves. The company focuses on three primary property types in secondary and tertiary markets. Commercial properties include flex-industrial spaces (buildings that combine office, warehouse, and light manufacturing uses) and retail properties such as shopping centers and standalone retail buildings. Multi-family residential properties encompass apartment complexes and other rental housing developments that generate income through tenant rents. Limited service hotel properties are smaller hospitality assets like extended-stay hotels or budget accommodations that require minimal on-site services compared to full-service hotels. By targeting secondary and tertiary markets rather than major metropolitan areas, Medalist seeks properties with potentially higher yields and lower acquisition costs. These markets are typically smaller cities and suburban areas that may offer less competition from institutional investors while still maintaining stable demand for real estate services. The company's strategy involves not just acquiring properties but also repositioning and renovating them to improve their income-generating potential and overall value.
Competitive moat
Medalist Diversified REIT operates in a highly competitive industry with limited sustainable competitive advantages. The company's primary potential moat lies in its local market expertise and relationships within southeastern secondary and tertiary markets, which could provide advantages in identifying undervalued properties and managing local tenant relationships effectively. However, this geographic focus also represents a concentration risk rather than a true defensive moat. The REIT industry is characterized by relatively low barriers to entry, as capital and local expertise can be acquired by competitors. Scale disadvantages present a significant challenge for Medalist, as larger REITs typically enjoy better access to capital markets, lower borrowing costs, and greater negotiating power with tenants and service providers. The company's small size limits its ability to diversify across multiple markets and property types, making it more vulnerable to local economic downturns. Competition comes from multiple sources, including larger diversified REITs with deeper pockets, specialized REITs focusing on specific property types, private real estate investment firms, and individual property investors. The rise of real estate crowdfunding platforms and institutional interest in secondary markets has also increased competition for attractive properties. Additionally, the company faces potential disruption from changing work patterns affecting commercial real estate demand, e-commerce impacting retail properties, and alternative accommodation platforms affecting the hospitality sector. Overall, Medalist operates without a strong defensive moat and must rely on execution excellence and market timing for success.
Risks & safety
Medalist Diversified REIT presents a mixed margin of safety profile with some concerning financial metrics alongside reasonable liquidity. • Liquidity position: Strong current ratio of 6.34 and $4.8 million in cash provides near-term financial flexibility • Debt burden: High debt-to-equity ratio of 3.33 indicates significant leverage, creating financial risk • Profitability concerns: Inconsistent earnings with net losses in recent quarters despite positive full-year 2024 results • Cash flow generation: Positive operating cash flow of $1.8 million annually, but modest free cash flow of $894k limits financial cushion • Valuation metrics: Trading near book value (P/B 1.0) suggests reasonable valuation, though EV/EBITDA of 8.1x appears elevated for a small REIT • Scale limitations: Small $27 million market cap creates liquidity constraints and limits access to capital markets • Asset coverage: Total assets of $75 million provide some downside protection, though high leverage reduces net equity cushion
Recent development
Based on the available financial data, Medalist Diversified REIT has experienced significant operational challenges and strategic shifts over recent years. The company showed revenue volatility, with annual revenues declining from $11.1 million in 2022 to $9.7 million in 2024, indicating potential portfolio optimization or property dispositions rather than growth. Financial performance stabilization appears to be a key focus, as the company moved from substantial net losses of $4.7 million in 2022 and $4.6 million in 2023 to a modest profit of $744k in 2024. This dramatic improvement in profitability suggests management has implemented cost reduction measures or disposed of underperforming assets. The company's EBITDA performance has also shown improvement, increasing from $3.5 million in 2023 to $7.4 million in 2024, indicating better operational efficiency. Capital management has been another area of focus, with the company maintaining stronger cash positions in recent periods compared to 2023, when cash holdings were significantly lower. The improvement in current ratios from 1.29 in 2023 to 6.34 in 2024 suggests better working capital management and liquidity positioning. However, the company continues to operate with high leverage ratios, indicating ongoing reliance on debt financing for its operations and potential acquisitions.
MDRR company profile · for informational purposes only — not investment advice.
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