Medalist Diversified, Inc. MDRR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived Nasdaq

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.

Last close 9.46 2026-10-23
Market cap $15.4M 2026-06-30 share count
52-week range 9.46 - 14.52

Valuation FY2025 figures against the last close

P/S1.5x
P/E—
P/FCF200.1x
EV/EBITDA18.6x
Dividend yield—
Diluted EPS-1.90

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $10.4M$9.7M$10.3M$11.1M$11.5M$9.3M$8.3M$6.6M—
Cost of revenue —————$605.4K$486.0K$340.4K—
Gross profit —————$8.7M$7.8M$6.2M—
SG&A $1.3M$968.4K$484.3K$457.7K$654.1K$300.6K$261.9K$119.7K—
Total operating expenses $10.1M$8.7M$11.3M$11.7M$10.8M$15.0M$9.5M$7.7M—
Operating income $547.9K$3.7M-$997.2K-$1.4M$814.5K-$5.7M-$1.2M-$1.1M—
Interest expense $2.6M$3.0M$3.5M$3.6M$5.5M$4.0M$2.5M$1.9M—
Pre-tax income -$2.1M$711.8K-$4.5M-$5.0M-$4.7M-$9.7M-$3.7M-$2.9M—
Income tax —$0——$0—$0$53.2K—
Net income -$2.4M$27.5K-$4.6M-$4.8M-$4.4M-$8.2M-$3.0M-$2.7M—
EPS, basic -1.900.02-4.12-2.23-0.33-1.74———
EPS, diluted -1.900.03-4.12-2.23-0.33-1.74-0.82-1.39—
Shares, diluted (wtd. avg.) 1.3M1.1M1.1M2.1M13.1M4.7M3.8M2.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $2.6M$4.8M$3.8M$5.7M$7.4M$5.1M$2.1M$4.1M$3.3M
Other intangibles $1.3M$2.2M$2.7M$3.7M$4.2M$3.3M$4.5M$2.6M—
Total assets $77.7M$75.1M$82.7M$87.9M$92.5M$79.3M$83.2M$53.1M—
Short-term debt ——$1.0M——————
Long-term debt $51.4M—$60.4M—$62.1M$61.2M$59.5M——
Total liabilities $53.6M$54.1M$69.0M$69.2M$69.5M$67.6M$62.4M$34.5M—
Retained earnings -$38.8M-$36.0M-$35.9M-$30.9M-$25.0M-$19.3M-$10.6M-$5.2M—
Total equity $9.4M$15.0M$13.7M$18.7M$23.0M$11.7M$20.9M$18.6M$12.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $1.5M$1.8M$104.0K$1.2M$832.6K-$1.7M$805.7K-$420.7K—
Depreciation and amortisation $2.9M$3.3M$3.7M$3.4M$2.4M$3.1M$2.0M$1.5M—
Capital expenditure $1.5M$902.4K$1.5M$1.0M$536.7K$414.4K$2.1M$986.5K—
Investing cash flow -$7.0M$2.1M-$1.5M-$9.3M-$19.1M-$414.4K-$34.9M-$5.4M—
Financing cash flow $3.5M-$1.6M-$474.1K$6.4M$20.6M$5.1M$32.1M$6.7M—
Dividends paid ——$383.7K$1.3M$1.2M$917.7K$2.4M$1.2M—
Buybacks $140.8K$32.5K—$286.5K—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-061887.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M -5M 0 5M 10M 15M Revenue, FY2018: 6.6M Gross profit, FY2018: 6.2M Net income, FY2018: -2.7M Revenue, FY2019: 8.3M Gross profit, FY2019: 7.8M Net income, FY2019: -3M Revenue, FY2020: 9.3M Gross profit, FY2020: 8.7M Net income, FY2020: -8.2M Revenue, FY2021: 11.5M Net income, FY2021: -4.4M Revenue, FY2022: 11.1M Net income, FY2022: -4.8M Revenue, FY2023: 10.3M Net income, FY2023: -4.6M Revenue, FY2024: 9.7M Net income, FY2024: 27.5K Revenue, FY2025: 10.4M Net income, FY2025: -2.4M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $6.6M $8.3M $9.3M $11.5M $11.1M $10.3M $9.7M $10.4M
Gross profit — $6.2M $7.8M $8.7M — — — — —
Net income — -$2.7M -$3.0M -$8.2M -$4.4M -$4.8M -$4.6M $27.5K -$2.4M

Recent filings and events

  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Acquisition or disposal completed Item 2.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Acquisition or disposal completed Item 2.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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