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Medalist Diversified REIT, Inc. (MDRR) 10-Year Financial Performance & Capital Metrics

MDRR • • REIT / Real Estate
Real EstateDiversified REITsMulti-Property Diversified REITsRegional Diversified Property Owners
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 -5.2%
  • FFO $4M +127765.7%
  • FFO/Share 3.26 +125176.9%
  • FFO Payout 21.34% -99.8%
  • FFO per Share 3.26 +125176.9%
  • NOI Margin 75.84% +1.5%
  • FFO Margin 37.88% +134703.6%
  • ROE 0.16% +100.6%
  • ROA 0.03% +100.7%
  • Debt/Assets 66.58% +6.4%
  • Net Debt/EBITDA 6.12 -55.8%
  • Book Value/Share 18.54 +49.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Sustainable FFO payout ratio of 21.3%
  • ✓High NOI margin of 75.8%
  • ✓Healthy dividend yield of 5.5%
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.4x
  • ✗FFO declining 62.6% TTM
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y3.3%
3Y-5.33%
TTM1.83%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-896.49%

EPS CAGR

10Y-
5Y-
3Y-
TTM-730%

ROCE

10Y Avg-1.25%
5Y Avg-0.84%
3Y Avg0.77%
Latest5.15%

Peer Comparison

Regional Diversified Property Owners
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MDRRMedalist Diversified REIT, Inc.14.09M12.67521.19-5.23%-21.2%-8.56%6.34%2.38
UEUrban Edge Properties2.35B18.6631.106.73%24.12%8.16%6.52%1.24
AHHArmada Hoffler Properties, Inc.565.08M7.0529.386.19%5.7%3.07%19.82%1.60
ALEXAlexander & Baldwin, Inc.1.51B20.8325.1013.31%33.62%7.25%3.12%0.47
ESRTEmpire State Realty Trust, Inc.1.08B6.4022.863.19%5.81%2.5%24.09%1.39
AATAmerican Assets Trust, Inc.1.14B18.6919.883.78%14.58%5.75%11.98%1.81
MKZRMacKenzie Realty Capital, Inc.8.07M4.36-0.2340.19%-130.46%-24.47%1.47
FVRFrontView REIT, Inc.354.9M16.39-11.1524.14%-4.13%-0.54%5.78%0.54

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+001.72M6.59M8.28M9.28M11.47M11.09M10.27M9.74M
Revenue Growth %---2.82%0.26%0.12%0.24%-0.03%-0.07%-0.05%
Property Operating Expenses00959.4K3.59M4.35M4.76M4.97M3.93M2.6M2.35M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+567.34K44.43K1.05M3.88M5.18M10.26M5.69M8.57M8.67M3.65M
G&A Expenses566.85K44.43K307.24K1.83M1.41M2.13M2.27M2.57M1.88M2.42M
EBITDA+044.43K1.72M6.41M1.53M-1.76M4.32M3.29M3.58M7.39M
EBITDA Margin %----------
Depreciation & Amortization+566.85K88.86K2.01M7.47M2.77M3.98M3.51M4.71M4.57M3.66M
D&A / Revenue %----------
Operating Income+-566.85K-44.43K-285.13K-1.06M-1.25M-5.74M814.5K-1.41M-997.16K3.73M
Operating Margin %----------
Interest Expense+01.82K766.86K1.92M2.47M3.96M5.53M3.56M3.54M3.02M
Interest Coverage--24.44x-0.37x-0.56x-0.50x-1.45x0.15x-0.40x-0.28x1.24x
Non-Operating Income042.61K-850.29K-1.96M83.55K-120.98K-361.47K-236.5K35.29K-32.53K
Pretax Income+-567.34K-46.25K-968.55K-2.94M-3.8M-9.58M-4.36M-4.73M-4.57M744.33K
Pretax Margin %----------
Income Tax+-496-88.86K646.23K53.15K000000
Effective Tax Rate %----------
Net Income+-567.34K-46.25K-847.92K-2.74M-3.02M-8.18M-4.36M-4.77M-4.57M27.52K
Net Margin %----------
Net Income Growth %-0.92%-17.33%-2.24%-0.1%-1.71%0.47%-0.09%0.04%1.01%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-86.91%26.27%3.07%-1.05%-16.36%0.8%0.93%1.05%1277.66%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-15.33-1.25-20.51-22.30-13.10-27.79-5.33-4.46-4.120.02
EPS Growth %-0.92%-15.41%-0.09%0.41%-1.12%0.81%0.16%0.08%1.01%
EPS (Basic)-15.33-1.25-20.51-22.30-13.10-27.79-5.33-4.46-4.120.02
Diluted Shares Outstanding37.02K37.02K41.34K123K230.2K294.37K818.31K1.07M1.11M1.13M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+1268240.09M53.11M83.24M79.27M92.55M87.92M82.75M75.1M
Asset Growth %--0.35%488934.1%0.32%0.57%-0.05%0.17%-0.05%-0.06%-0.09%
Real Estate & Other Assets+0-8237.29M48.17M1.58M1.36M1.69M77.08M65.11M65.39M
PP&E (Net)0034.23M45.32M75.79M57.06M69.41M000
Investment Securities00-1000K-1000K000000
Total Current Assets+12682541.72K2.35M2.68M18.64M18.57M7.09M14.92M7.52M
Cash & Equivalents12682263K1.33M613.67K2.86M4.37M3.92M2.23M4.78M
Receivables00173.8K367.69K610.27K1000K1000K1000K1000K1000K
Other Current Assets0002.79M1.46M14.64M12.86M1.74M11.28M1.3M
Intangible Assets002.26M2.59M3.19M2.22M2.88M3.75M2.72M2.19M
Total Liabilities116.71K295.67K28.01M34.5M62.39M67.56M69.55M69.22M69.02M54.1M
Total Debt+0026.6M33.24M59.54M65.23M66.36M61.34M51.77M50M
Net Debt-126-8226.33M31.91M58.93M62.37M61.99M57.42M49.54M45.23M
Long-Term Debt0024.42M33.04M56.7M62.47M66.36M61.34M50.77M50M
Short-Term Borrowings001000K01000K1000K001000K0
Capital Lease Obligations0000000000
Total Current Liabilities+116.71K295.67K3.29M826.34K4.41M4.07M1.31M1.2M11.68M1.19M
Accounts Payable0295.67K1.11M826.34K1.57M1.24M985.3K000
Deferred Revenue00-28.01M-67.55M000000
Other Liabilities0-295.67K300.72K632.17K1.28M1.02M1.88M6.68M6.56M2.91M
Total Equity+-166.59K-295.67K12.08M18.6M20.85M11.71M23M18.69M13.73M21M
Equity Growth %--0.77%41.86%0.54%0.12%-0.44%0.96%-0.19%-0.27%0.53%
Shareholders Equity-166.59K-295.59K8.79M15.04M18.2M10.86M21.47M17.25M12.32M15.03M
Minority Interest0-823.29M3.57M2.65M847.96K1.52M1.44M1.41M5.97M
Common Stock0011.48K23.22K45K48.03K160.53K22.2K11.09K13.45K
Additional Paid-in Capital25025011.09M22.08M31.7M33.11M49.65M51.52M51.53M54.45M
Retained Earnings-166.84K-188.08K-1.04M-5.23M-10.56M-19.3M-24.98M-30.94M-35.86M-36.03M
Preferred Stock0000000000
Return on Assets (ROA)-4502.73%-444.68%-0.04%-0.06%-0.04%-0.1%-0.05%-0.05%-0.05%0%
Return on Equity (ROE)---0.14%-0.18%-0.15%-0.5%-0.25%-0.23%-0.28%0%
Debt / Assets--0.66%0.63%0.72%0.82%0.72%0.7%0.63%0.67%
Debt / Equity--2.20x1.79x2.86x5.57x2.89x3.28x3.77x2.38x
Net Debt / EBITDA--0.00x15.27x4.98x38.63x-14.34x17.44x13.85x6.12x
Book Value per Share-4.50-7.99292.30151.2690.5939.7828.1017.4712.3718.54

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+99.5K82.71K-43.85K-450.77K805.69K-1.68M832.61K1.19M104.01K1.8M
Operating CF Growth %--0.17%-1.53%-9.28%2.79%-3.09%1.49%0.43%-0.91%16.27%
Operating CF / Revenue %----------
Net Income-567.34K-46.25K-968.55K-2.99M-3.8M-9.58M-4.36M-4.73M-4.57M744.33K
Depreciation & Amortization00743.15K2.04M2.77M3.98M3.51M4.48M4.57M3.66M
Stock-Based Compensation000790.34K61.6K570K149.98K483.1K0277.5K
Other Non-Cash Items0-84.53K49.23K314.33K1.32M575.44K2M1.4M226.26K-2.36M
Working Capital Changes666.85K128.96K132.32K-755.82K457.57K-1.25M-207.9K-436.41K-125.13K-521.53K
Cash from Investing+00-23.92M-5.15M-34.93M-414.36K-19.14M-9.32M-1.48M2.06M
Acquisitions (Net)002.3M-3.66M00-20.75M10.28M00
Purchase of Investments00-24.31M000124.64K-10.28M00
Sale of Investments00593.45K568.56K00-124.64K421.1K00
Other Investing00-23.72M-4.17M-32.79M02.14M-8.72M02.96M
Cash from Financing+-99K-82.75K24.23M6.67M32.08M5.12M20.6M6.4M-474.14K-1.6M
Dividends Paid00-422.69K-1.21M-2.44M-562.54K-642.11K-1.19M-354.39K-787.03K
Common Dividends00-422.69K-1.21M-2.44M-562.54K-642.11K-1.19M0-787.03K
Debt Issuance (Net)001000K123.21K1000K1000K1000K1000K-85.48K-1000K
Share Repurchases0-82.75K000-6.79M0-286.54K0-125.69K
Other Financing-99K-82.75K12.23M7.63M0-5.81M-5.2K-205.65K-29.27K-46.01K
Net Change in Cash+504-44262.92K1.06M-2.05M3.02M2.29M-1.72M-1.85M2.26M
Exchange Rate Effect0000000000
Cash at Beginning012682263K4.12M2.07M5.1M7.38M5.66M3.81M
Cash at End50482263K1.33M2.07M5.1M7.38M5.66M3.81M6.07M
Free Cash Flow+99.5K82.71K-251.85K-1.44M-1.33M-2.1M295.93K175.32K-1.38M893.74K
FCF Growth %--0.17%-4.04%-4.71%0.07%-0.58%1.14%-0.41%-8.87%1.65%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-0.011.1528.1138.47-1.05-14.26-1.05-0.0603.26
FFO Payout Ratio0%0%36.38%25.66%-1007.02%-13.4%-75.05%-1903.99%12288.28%21.34%
NOI Margin--44.37%45.59%47.49%48.7%56.72%64.54%74.69%75.84%
Net Debt / EBITDA--0.00x15.27x4.98x38.63x-14.34x17.44x13.85x6.12x
Debt / Assets--66.34%62.58%71.53%82.29%71.7%69.77%62.57%66.58%
Interest Coverage--24.44x-0.37x-0.56x-0.50x-1.45x0.15x-0.40x-0.28x1.24x
Book Value / Share-4.5-7.99292.3151.2690.5939.7828.117.4712.3718.54
Revenue Growth---282.1%25.61%12.07%23.68%-3.32%-7.38%-5.23%

Revenue by Segment

201920202021202220232024
Flex center property-----2.75M
Flex center property Growth------
Retail center property revenues--4.72M7.05M7.77M-
Retail center property revenues Growth---49.47%10.13%-
Flex center property revenues--934.23K2.53M2.5M-
Flex center property revenues Growth---170.80%-1.00%-
Retail center property tenant reimbursements--915.11K---
Retail center property tenant reimbursements Growth------
Flex center property tenant reimbursements--268.59K---
Flex center property tenant reimbursements Growth------
CAM reimbursements--113.49K---
CAM reimbursements Growth------
Occupancy3.5M4.28M----
Occupancy Growth-22.58%----
Hotel Owned3.72M3.21M----
Hotel Owned Growth--13.85%----
Retail691.35K867.37K----
Retail Growth-25.46%----
Propertyrevenues-559.64K----
Propertyrevenues Growth------
Propertytenantreimbursements-227.19K----
Propertytenantreimbursements Growth------
Hotel Other175.08K129.77K----
Hotel Other Growth--25.88%----
Property Revenues138.61K-----
Property Revenues Growth------
Property Tenant Reimbursements45.16K-----
Property Tenant Reimbursements Growth------

Frequently Asked Questions

Growth & Financials

Medalist Diversified REIT, Inc. (MDRR) reported $10.1M in revenue for fiscal year 2024.

Medalist Diversified REIT, Inc. (MDRR) saw revenue decline by 5.2% over the past year.

Medalist Diversified REIT, Inc. (MDRR) reported a net loss of $2.1M for fiscal year 2024.

Dividend & Returns

Yes, Medalist Diversified REIT, Inc. (MDRR) pays a dividend with a yield of 5.49%. This makes it attractive for income-focused investors.

Medalist Diversified REIT, Inc. (MDRR) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

Industry Metrics

Medalist Diversified REIT, Inc. (MDRR) generated Funds From Operations (FFO) of $1.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Medalist Diversified REIT, Inc. (MDRR) offers a 5.49% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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