Medalist Diversified REIT, Inc.(MDRR)Earnings, Financials & Key Ratios
MDRR•NASDAQ•REIT / Real Estate
$11.20
$12M mkt cap·Price updated May 6, 2026
AboutMedalist 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 (REIT), 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.Show more
- Revenue$10M+6.8%
- FFO$959K-74.0%
- FFO/Share0.76-76.6%
- FFO Payout62.81%+194.3%
- FFO per Share0.76-76.6%
- NOI Margin100%+31.9%
- FFO Margin9.22%-75.7%
- ROE-10.59%-6781.5%
- ROA-3.13%-9057.0%
- Debt/Assets1.01%-98.5%
- Net Debt/EBITDA-0.47-107.7%
- Book Value/Share19.16+3.3%
MDRR Key Insights
Medalist Diversified REIT, Inc. (MDRR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Sustainable FFO payout ratio of 62.8%
- ✓High NOI margin of 100.0%
- ✓Healthy dividend yield of 4.3%
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗FFO declining 75.3% TTM
- ✗Shares diluted 11.1% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MDRR Price & Volume
Medalist Diversified REIT, Inc. (MDRR) stock price & volume — 10-year historical chart
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MDRR Growth Metrics
Medalist Diversified REIT, Inc. (MDRR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years2.31%
3 Years-2.13%
TTM6.79%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-8779.11%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-9600%
Return on Capital
10 Years-1.03%
5 Years0.8%
3 Years1.54%
Last Year0.73%
MDRR Peer Comparison
Medalist Diversified REIT, Inc. (MDRR) competitors in Diversified Multi-Property Equity REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GOOD | 599.28M | 12.38 | 30.20 | 8% | 12.75% | 9.74% | 2.50 | |
 SQFT | 42.73M | 3.45 | -1.53 | 7.31% | -38.69% | -23.11% | 2.92 | |
 GIPR | 1.46M | 0.27 | -0.18 | 27.91% | -103.22% | -32.21% | 2.14 | |
 PSTV | 14.52M | 6.00 | -0.83 | -10.49% | -429.43% | -5.6% | 0.21 | |
 ILPT | 523.99M | 7.86 | -7.86 | 1.48% | -11.93% | -5.93% | 4.69 | |
 PINE | 279.09M | 19.48 | -88.55 | 15.9% | -0.64% | -0.14% | 1.31 | |
 CLPR | 50.22M | 3.11 | -6.62 | 2.98% | -12.99% | |||
 NXRT | 757.54M | 29.85 | -23.69 | -3.24% | -12.67% | -10.13% | 5.18 |
Compare MDRR vs Peers
Medalist Diversified REIT, Inc. (MDRR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MDRR Income Statement
Medalist Diversified REIT, Inc. (MDRR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.72M | 6.59M | 8.28M | 9.28M | 11.47M | 11.09M | 10.27M | 9.74M | 10.4M |
| Revenue Growth % | - | 282.1% | 25.61% | 12.07% | 23.68% | -3.32% | -7.38% | -5.23% | 6.79% |
| Property Operating Expenses | 959.4K | 3.59M | 4.35M | 4.76M | 4.97M | 3.93M | 2.6M | 2.35M | 0 |
| Net Operating Income (NOI) | 765.26K▲ 0% | 3M▲ 292.6% | 3.93M▲ 30.8% | 4.52M▲ 14.9% | 6.51M▲ 44.0% | 7.16M▲ 10.0% | 7.67M▲ 7.2% | 7.38M▼ 3.8% | 10.4M▲ 40.8% |
| NOI Margin % | 44.37% | 45.59% | 47.49% | 48.7% | 56.72% | 64.54% | 74.69% | 75.84% | 100% |
| Operating Expenses | 1.05M | 3.88M | 5.18M | 10.26M | 5.69M | 8.57M | 8.67M | 3.65M | 9.85M |
| G&A Expenses | 307.24K | 1.83M | 1.41M | 2.13M | 2.27M | 2.57M | 1.88M | 2.42M | 2.88M |
| EBITDA | 1.72M | 6.41M | 1.53M | -1.76M | 4.32M | 3.29M | 3.58M | 7.39M | 3.9M |
| EBITDA Margin % | 100% | 97.27% | 18.43% | -18.97% | 37.68% | 29.69% | 34.82% | 75.93% | 37.47% |
| Depreciation & Amortization | 2.01M | 7.47M | 2.77M | 3.98M | 3.51M | 4.71M | 4.57M | 3.66M | 3.35M |
| D&A / Revenue % | 116.53% | 113.42% | 33.51% | 42.93% | 30.58% | 42.44% | 44.53% | 37.6% | 32.2% |
| Operating Income | -285.13K▲ 0% | -1.06M▼ 273.5% | -1.25M▼ 17.2% | -5.74M▼ 360.0% | 814.5K▲ 114.2% | -1.41M▼ 273.6% | -997.16K▲ 29.5% | 3.73M▲ 474.2% | 547.9K▼ 85.3% |
| Operating Margin % | -16.53% | -16.16% | -15.08% | -61.9% | 7.1% | -12.75% | -9.71% | 38.33% | 5.27% |
| Interest Expense | 766.86K | 1.92M | 2.47M | 3.96M | 5.53M | 3.56M | 3.54M | 3.02M | 2.62M |
| Interest Coverage | -0.37x | -0.56x | -0.50x | -1.45x | 0.15x | -0.40x | -0.28x | 1.24x | 0.21x |
| Non-Operating Income | -850.29K | -1.96M | 83.55K | -120.98K | -361.47K | -236.5K | 35.29K | -32.53K | 316.34K |
| Pretax Income | -968.55K▲ 0% | -2.94M▼ 203.3% | -3.8M▼ 29.5% | -9.58M▼ 151.8% | -4.36M▲ 54.5% | -4.73M▼ 8.6% | -4.57M▲ 3.4% | 744.33K▲ 116.3% | -2.39M▼ 420.9% |
| Pretax Margin % | -56.16% | -44.58% | -45.96% | -103.29% | -37.99% | -42.67% | -44.52% | 7.65% | -22.98% |
| Income Tax | 646.23K | 53.15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -66.72% | -1.81% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -847.92K▲ 0% | -2.74M▼ 223.5% | -3.02M▼ 9.9% | -8.18M▼ 171.3% | -4.36M▲ 46.7% | -4.77M▼ 9.3% | -4.57M▲ 4.2% | 27.52K▲ 100.6% | -2.39M▼ 8779.1% |
| Net Margin % | -49.16% | -41.63% | -36.43% | -88.19% | -38.04% | -43% | -44.5% | 0.28% | -22.98% |
| Net Income Growth % | -1733.46% | -223.54% | -9.93% | -171.27% | 46.65% | -9.28% | 4.15% | 100.6% | -8779.11% |
| Funds From Operations (FFO) | 1.16M▲ 0% | 4.73M▲ 307.2% | -241.91K▼ 105.1% | -4.2M▼ 1635.6% | -855.56K▲ 79.6% | -62.42K▲ 92.7% | 2.88K▲ 104.6% | 3.69M▲ 127765.7% | 958.74K▼ 74.0% |
| FFO Margin % | 67.37% | 71.8% | -2.92% | -45.26% | -7.46% | -0.56% | 0.03% | 37.88% | 9.22% |
| FFO Growth % | 2626.68% | 307.22% | -105.11% | -1635.64% | 79.62% | 92.7% | 104.62% | 127765.67% | -74% |
| FFO per Share | 28.11 | 38.47 | -1.05 | -14.26 | -1.05 | -0.06 | 0.00 | 3.26 | 0.76 |
| FFO Payout Ratio % | 36.38% | 25.66% | -1007.02% | -13.4% | -75.05% | -1903.99% | 13303.22% | 21.34% | 62.81% |
| EPS (Diluted) | -20.51▲ 0% | -22.30▼ 8.7% | -13.10▲ 41.3% | -27.79▼ 112.1% | -5.33▲ 80.8% | -4.46▲ 16.3% | -4.12▲ 7.6% | 0.02▲ 100.6% | -1.90▼ 7918.9% |
| EPS Growth % | -1540.8% | -8.73% | 41.26% | -112.14% | 80.82% | 16.32% | 7.62% | 100.59% | -7918.93% |
| EPS (Basic) | -20.51 | -22.30 | -13.10 | -27.79 | -5.33 | -4.46 | -4.12 | 0.02 | -1.90 |
| Diluted Shares Outstanding | 41.34K | 123K | 230.2K | 294.37K | 818.31K | 1.07M | 1.11M | 1.13M | 1.26M |
MDRR Balance Sheet
Medalist Diversified REIT, Inc. (MDRR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 40.09M | 53.11M | 83.24M | 79.27M | 92.55M | 87.92M | 82.75M | 75.1M | 77.74M |
| Asset Growth % | 48893409.76% | 32.46% | 56.74% | -4.77% | 16.75% | -5% | -5.88% | -9.24% | 3.52% |
| Real Estate & Other Assets | 37.29M | 48.17M | 1.58M | 1.36M | 1.69M | 77.08M | 65.11M | 65.39M | 0 |
| PP&E (Net) | 34.23M | 45.32M | 75.79M | 57.06M | 69.41M | 0 | 0 | 0 | 0 |
| Investment Securities | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 541.72K | 2.35M | 2.68M | 18.64M | 18.57M | 7.09M | 14.92M | 7.52M | 3.02M |
| Cash & Equivalents | 263K | 1.33M | 613.67K | 2.86M | 4.37M | 3.92M | 2.23M | 4.78M | 2.63M |
| Receivables | 173.8K | 367.69K | 610.27K | 1000K | 1000K | 1000K | 1000K | 1000K | 387.78K |
| Other Current Assets | 0 | 2.79M | 1.46M | 14.64M | 12.86M | 1.74M | 11.28M | 1.3M | 0 |
| Intangible Assets | 2.26M | 2.59M | 3.19M | 2.22M | 2.88M | 3.75M | 2.72M | 2.19M | 1.26M |
| Total Liabilities | 28.01M | 34.5M | 62.39M | 67.56M | 69.55M | 69.22M | 69.02M | 54.1M | 53.63M |
| Total Debt | 26.6M | 33.24M | 59.54M | 65.23M | 66.36M | 61.34M | 51.77M | 50M | 784.99K |
| Net Debt | 26.33M | 31.91M | 58.93M | 62.37M | 61.99M | 57.42M | 49.54M | 45.23M | -1.85M |
| Long-Term Debt | 24.42M | 33.04M | 56.7M | 62.47M | 66.36M | 61.34M | 50.77M | 50M | 0 |
| Short-Term Borrowings | 2.18M | 0 | 2.84M | 2.76M | 0 | 0 | 1M | 0 | 784.99K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 3.29M | 826.34K | 4.41M | 4.07M | 1.31M | 1.2M | 11.68M | 1.19M | 784.99K |
| Accounts Payable | 1.11M | 826.34K | 1.57M | 1.24M | 985.3K | 0 | 0 | 0 | 0 |
| Deferred Revenue | -28.01M | -67.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 300.72K | 632.17K | 1.28M | 1.02M | 1.88M | 6.68M | 6.56M | 2.91M | 52.84M |
| Total Equity | 12.08M▲ 0% | 18.6M▲ 54.0% | 20.85M▲ 12.1% | 11.71M▼ 43.8% | 23M▲ 96.4% | 18.69M▼ 18.7% | 13.73M▼ 26.5% | 21M▲ 53.0% | 24.11M▲ 14.8% |
| Equity Growth % | 4186.32% | 53.99% | 12.09% | -43.85% | 96.4% | -18.72% | -26.55% | 52.96% | 14.81% |
| Shareholders Equity | 8.79M | 15.04M | 18.2M | 10.86M | 21.47M | 17.25M | 12.32M | 15.03M | 9.43M |
| Minority Interest | 3.29M | 3.57M | 2.65M | 847.96K | 1.52M | 1.44M | 1.41M | 5.97M | 378.11K |
| Common Stock | 11.48K | 23.22K | 45K | 48.03K | 160.53K | 22.2K | 11.09K | 13.45K | 11.1K |
| Additional Paid-in Capital | 11.09M | 22.08M | 31.7M | 33.11M | 49.65M | 51.52M | 51.53M | 54.45M | 0 |
| Retained Earnings | -1.4M | -5.23M | -10.56M | -19.3M | -24.98M | -30.94M | -35.86M | -36.03M | -38.76M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -4.23% | -5.89% | -4.42% | -10.07% | -5.08% | -5.29% | -5.36% | 0.03% | -3.13% |
| Return on Equity (ROE) | -14.39% | -17.88% | -15.29% | -50.24% | -25.15% | -22.88% | -28.2% | 0.16% | -10.59% |
| Debt / Assets | 66.34% | 62.58% | 71.53% | 82.29% | 71.7% | 69.77% | 62.57% | 66.58% | 1.01% |
| Debt / Equity | 2.20x | 1.79x | 2.86x | 5.57x | 2.89x | 3.28x | 3.77x | 2.38x | 0.03x |
| Net Debt / EBITDA | 15.27x | 4.98x | 38.63x | - | 14.34x | 17.44x | 13.85x | 6.12x | -0.47x |
| Book Value per Share | 292.30 | 151.26 | 90.59 | 39.78 | 28.10 | 17.47 | 12.37 | 18.54 | 19.16 |
MDRR Cash Flow Statement
Medalist Diversified REIT, Inc. (MDRR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -43.85K | -450.77K | 805.69K | -1.68M | 832.61K | 1.19M | 104.01K | 1.8M | 1.53M |
| Operating CF Growth % | -153.01% | -928.04% | 278.74% | -309.13% | 149.42% | 43.48% | -91.29% | 1626.84% | -14.78% |
| Operating CF / Revenue % | -2.54% | -6.84% | 9.73% | -18.16% | 7.26% | 10.77% | 1.01% | 18.45% | 14.72% |
| Net Income | -968.55K | -2.99M | -3.8M | -9.58M | -4.36M | -4.73M | -4.57M | 744.33K | -1.94M |
| Depreciation & Amortization | 743.15K | 2.04M | 2.77M | 3.98M | 3.51M | 4.48M | 4.57M | 3.66M | 2.9M |
| Stock-Based Compensation | 0 | 790.34K | 61.6K | 570K | 149.98K | 483.1K | 0 | 277.5K | 397.18K |
| Other Non-Cash Items | 49.23K | 314.33K | 1.32M | 575.44K | 2M | 1.4M | 226.26K | -2.36M | 164.41K |
| Working Capital Changes | 132.32K | -755.82K | 457.57K | -1.25M | -207.9K | -436.41K | -125.13K | -521.53K | 0 |
| Cash from Investing | -23.92M | -5.15M | -34.93M | -414.36K | -19.14M | -9.32M | -1.48M | 2.06M | -6.98M |
| Acquisitions (Net) | 2.3M | -3.66M | 0 | 0 | -20.75M | 10.28M | 0 | 0 | 0 |
| Purchase of Investments | -24.31M | 0 | 0 | 0 | 124.64K | -10.28M | 0 | 0 | 0 |
| Sale of Investments | 593.45K | 568.56K | 0 | 0 | -124.64K | 421.1K | 0 | 0 | 0 |
| Other Investing | -23.72M | -4.17M | -32.79M | 0 | 2.14M | -8.72M | 0 | 2.96M | -5.53M |
| Cash from Financing | 24.23M | 6.67M | 32.08M | 5.12M | 20.6M | 6.4M | -474.14K | -1.6M | 3.51M |
| Dividends Paid | -422.69K | -1.21M | -2.44M | -562.54K | -642.11K | -1.19M | -383.67K | -787.03K | -602.21K |
| Common Dividends | -422.69K | -1.21M | -2.44M | -562.54K | -642.11K | -1.19M | -383.67K | -787.03K | 0 |
| Debt Issuance (Net) | 1000K | 123.21K | 1000K | 1000K | 1000K | 1000K | -85.48K | -1000K | 0 |
| Share Repurchases | 0 | 0 | 0 | -6.79M | 0 | -286.54K | 0 | -125.69K | -140.79K |
| Other Financing | 12.23M | 7.63M | 0 | -5.81M | -5.2K | -205.65K | -5K | -46.01K | 4.11M |
| Net Change in Cash | 262.92K▲ 0% | 1.06M▲ 304.8% | -2.05M▼ 292.5% | 3.02M▲ 247.6% | 2.29M▼ 24.4% | -1.72M▼ 175.3% | -1.85M▼ 7.7% | 2.26M▲ 222.1% | -1.94M▼ 185.7% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 82 | 263K | 4.12M | 2.07M | 5.1M | 7.38M | 5.66M | 3.81M | 6.07M |
| Cash at End | 263K | 1.33M | 2.07M | 5.1M | 7.38M | 5.66M | 3.81M | 6.07M | 4.13M |
| Free Cash Flow | -251.85K▲ 0% | -1.44M▼ 470.7% | -1.33M▲ 7.5% | -2.1M▼ 57.8% | 295.93K▲ 114.1% | 175.32K▼ 40.8% | -1.38M▼ 886.6% | 893.74K▲ 164.8% | 76.99K▼ 91.4% |
| FCF Growth % | -404.5% | -470.66% | 7.46% | -57.84% | 114.1% | -40.76% | -886.61% | 164.81% | -91.39% |
| FCF / Revenue % | -14.6% | -21.81% | -16.07% | -22.63% | 2.58% | 1.58% | -13.42% | 9.18% | 0.74% |
MDRR Key Ratios
Medalist Diversified REIT, Inc. (MDRR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.15 | 28.11 | 38.47 | -1.05 | -14.26 | -1.05 | -0.06 | 0 | 3.26 | 0.76 |
| FFO Payout Ratio | 0% | 36.38% | 25.66% | -1007.02% | -13.4% | -75.05% | -1903.99% | 13303.22% | 21.34% | 62.81% |
| NOI Margin | - | 44.37% | 45.59% | 47.49% | 48.7% | 56.72% | 64.54% | 74.69% | 75.84% | 100% |
| Net Debt / EBITDA | -0.00x | 15.27x | 4.98x | 38.63x | - | 14.34x | 17.44x | 13.85x | 6.12x | -0.47x |
| Debt / Assets | - | 66.34% | 62.58% | 71.53% | 82.29% | 71.7% | 69.77% | 62.57% | 66.58% | 1.01% |
| Interest Coverage | -24.44x | -0.37x | -0.56x | -0.50x | -1.45x | 0.15x | -0.40x | -0.28x | 1.24x | 0.21x |
| Book Value / Share | -7.99 | 292.3 | 151.26 | 90.59 | 39.78 | 28.1 | 17.47 | 12.37 | 18.54 | 19.16 |
| Revenue Growth | - | - | 282.1% | 25.61% | 12.07% | 23.68% | -3.32% | -7.38% | -5.23% | 6.79% |
MDRR Frequently Asked Questions
Medalist Diversified REIT, Inc. (MDRR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Medalist Diversified REIT, Inc. (MDRR) reported $10.4M in revenue for fiscal year 2025.
Medalist Diversified REIT, Inc. (MDRR) grew revenue by 6.8% over the past year. This is steady growth.
Medalist Diversified REIT, Inc. (MDRR) reported a net loss of $2.4M for fiscal year 2025.
Dividend & Returns
Yes, Medalist Diversified REIT, Inc. (MDRR) pays a dividend with a yield of 4.27%. This makes it attractive for income-focused investors.
Medalist Diversified REIT, Inc. (MDRR) has a return on equity (ROE) of -10.6%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Medalist Diversified REIT, Inc. (MDRR) generated Funds From Operations (FFO) of $1.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Medalist Diversified REIT, Inc. (MDRR) offers a 4.27% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Explore More MDRR
Medalist Diversified REIT, Inc. (MDRR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates