Every 10-Q that Medalist Diversified, Inc. (MDRR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MDRR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MDRR filings page.
Medalist Diversified, Inc. reported six‑month net income attributable to common stockholders of $8.55 million, reversing a prior‑year loss of $1.53 million, largely driven by a $12.79 million gain on disposal of investment properties and a $2.08 million income tax benefit after revoking REIT status on January 1, 2026.
For the quarter ended June 30, 2026, the company recorded a net loss attributable to common stockholders of $418,684 as rental revenues declined with property sales and it recognized $465,327 of impairments on assets held for sale. Six‑month total revenue fell to $3.97 million from $4.79 million, while new DST sponsorship program revenues of $465,792 began to contribute.
Total assets were $57.82 million at June 30, 2026, down from $77.74 million, reflecting dispositions and deconsolidation of a DST, while mortgages payable dropped to $9.04 million from $32.83 million. Cash, cash equivalents and restricted cash increased to $7.43 million, and the company held $20.72 million in marketable securities and $402,964 of Bitcoin. Management states it is focusing on expanding its DST sponsorship platform and believes it can continue as a going concern.
Medalist Diversified, Inc. reported a sharp turnaround for the quarter ended March 31, 2026, driven mainly by property sales. Net income was $14.1M versus a prior-year loss, with a $12.9M gain on disposal of investment properties and a $2.1M income tax benefit.
Recurring investment property revenues slipped to $2.16M from $2.32M, and operating cash flow was negative $0.5M. The company reduced mortgages payable, net, to $19.2M from $32.8M and increased cash and cash equivalents to $8.6M. Shares outstanding rose to 1,428,500, and dividends were $0.07 per share.
Effective January 1, 2026, Medalist revoked its REIT status and is now taxed as a regular corporation. Its strategy is shifting toward scaling a Delaware statutory trust program, selectively selling legacy properties to fund DST offerings, and adding digital and other non-real-estate investments.
Medalist Diversified REIT (MDRR) reported Q3 2025 results. Total revenue was $2,786,241, up from $2,336,925 a year ago, driven by contributions from retail, flex, and single-tenant properties. Operating income was $441,516, but higher interest expense led to a net loss of $166,738. Net loss attributable to common stockholders was $395,948, or $0.33 per share.
The company classified $30,666,856 as assets held for sale and recorded a $120,000 impairment related to the planned contribution of its Tesla Pensacola Property to a DST. It also recorded $67,503 of impairment tied to tenant events earlier in the year. Mortgages payable, net, declined to $37,728,594 from $50,001,062 at year-end. Cash and restricted cash totaled $3,802,586 at period end, with operating cash flow of $2,271,897 for the nine months. The company paid a quarterly dividend of $0.0675 per share. Common shares outstanding were 1,112,405 as of November 6, 2025.
Medalist Diversified REIT, Inc. (MDRR) reported Q2 2025 revenue of $2.47 million, a 7 % YoY increase. Operating expenses rose 5 % to $2.20 million, but interest expense fell 23 % to $0.56 million. The REIT recorded a net loss attributable to common shareholders of $(0.46) million, or $(0.34)/share, improving from $(0.52) million ($(0.47)/share) a year earlier. For the first half, however, MDRR swung to a $(1.53) million loss (-$1.13/sh) versus a $0.84 million profit in 1H 2024 as the prior-year period benefited from a $2.8 million property-sale gain.
Investment property, net decreased 7 % to $59.9 million, reflecting transfer of the Salisbury Marketplace ($9.4 million) to held-for-sale. Mortgages payable dropped 13 % to $43.5 million and the company redeemed its $1.5 million mandatorily redeemable preferred stock. Equity rose to $25.3 million (vs. $21.0 million) after issuing $5.8 million of OP units for STNL acquisitions.
Cash declined to $2.0 million from $4.8 million as operating cash flow fell to $0.70 million and the REIT funded $0.56 million of cap-ex, $0.28 million of dividends and $0.14 million of share buybacks. The quarterly dividend was increased to $0.0675/share (up 69 % YoY). Leverage improved, with mortgages representing 56 % of total assets versus 67 % year-end.