medalist diversified reit inc. is a maryland corporation formed on september 28, 2015. beginning with our taxable year ended december 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (âreitâ), and we have elected to be taxed as a reit for federal income tax purposes. our company serves as the general partner of medalist diversified holdings, lp which was formed as a delaware limited partnership on september 29, 2015. our company was formed to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial and retail properties, (ii) multi-family residential properties and (iii) limited service hotel properties in secondary and tertiary markets in the southeastern part of the united states, with an expected concentration in virginia, north carolina, south carolina, georgia, florida and alabama.
Company profile
Ticker
MDRR
Exchange
Website
CEO
Thomas Messier
Employees
Incorporated
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Medalist Diversified Holdings, L.P. • MDR Franklin Square, LLC • MDR Hanover Square, LLC • MDR Ashley Plaza, LLC • MDR Brookfield, LLC • MDR Lancer, LLC • MDR Greenbrier, LLC • MDR Parkway, LLC • MDR Salisbury, LLC ...
MDRR stock data
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
8 Apr 24
8-K/A
Unregistered Sales of Equity Securities
29 Mar 24
8-K/A
Departure of Directors or Certain Officers
28 Mar 24
8-K
Completion of Acquisition or Disposition of Assets
28 Mar 24
8-K
Entry into a Material Definitive Agreement
26 Mar 24
8-K
Completion of Acquisition or Disposition of Assets
14 Mar 24
10-K
2023 FY
Annual report
6 Mar 24
8-K
Entry into a Material Definitive Agreement
20 Feb 24
8-K
Medalist Diversified Reit, Inc. Announces Cash Dividend of
24 Jan 24
8-K
Entry into a Material Definitive Agreement
29 Dec 23
Transcripts
Latest ownership filings
4/A
FRANK KAVANAUGH
28 Mar 24
4
FRANK KAVANAUGH
28 Mar 24
4
Charles Brent Jr. Winn
15 Mar 24
4/A
Timothy Patrick O'Brien
14 Mar 24
4
FRANK KAVANAUGH
14 Mar 24
4
Timothy Patrick O'Brien
14 Mar 24
4/A
FRANK KAVANAUGH
12 Mar 24
4
FRANK KAVANAUGH
12 Mar 24
4
Neil P Farmer
12 Mar 24
SC 13G/A
Finley Alfred Lee
9 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.75 mm | 4.75 mm | 4.75 mm | 4.75 mm | 4.75 mm | 4.75 mm |
Cash burn (monthly) | 19.18 k | 185.24 k | 655.63 k | 423.28 k | 149.11 k | 5.27 k |
Cash used (since last report) | 131.89 k | 1.27 mm | 4.51 mm | 2.91 mm | 1.03 mm | 36.24 k |
Cash remaining | 4.62 mm | 3.48 mm | 242.11 k | 1.84 mm | 3.72 mm | 4.71 mm |
Runway (months of cash) | 240.8 | 18.8 | 0.4 | 4.3 | 25.0 | 894.3 |
Institutional ownership, Q2 2023
92.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 7 |
Opened positions | 0 |
Closed positions | 10 |
Increased positions | 0 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 209.29 mm |
Total shares | 2.08 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Virginia Birth-Related Neurological Injury Compensation Program | 801.23 k | $825.00 k |
Wallace Robert V. | 633.71 k | $30.49 mm |
SACH Sachem Capital | 480.00 k | $576.00 k |
Finley Alfred Lee | 125.00 k | $0.00 |
Geode Capital Management | 29.54 k | $149.16 mm |
Northwestern Mutual Wealth Management | 5.50 k | $27.49 mm |
Nisa Investment Advisors | 150.00 | $758.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Mar 24 | Kavanaugh Frank | Operating Partnership Units Common Stock | Buy | Acquire P | Yes | No | 0 | 417,391 | 0.00 | 456,088 |
15 Mar 24 | Charles Brent Jr. Winn | Common Stock | Buy | Acquire P | No | No | 5.85 | 1,311 | 7.67 k | 65,944 |
14 Mar 24 | Timothy Patrick O'Brien | Common Stock | Buy | Acquire P | No | No | 5.79 | 500 | 2.90 k | 15,082 |
14 Mar 24 | Charles Brent Jr. Winn | Common Stock | Buy | Acquire P | No | No | 5.75 | 484 | 2.78 k | 64,633 |
14 Mar 24 | Charles Brent Jr. Winn | Common Stock | Buy | Acquire P | No | No | 5.65 | 205 | 1.16 k | 64,149 |