Medalist Diversified Reit Inc SEC Filings

Frank Kavanaugh, Chairman, CEO & President and a director of Medalist Diversified REIT, Inc. (MDRR), reported two open-market purchases of the issuer's common stock in late August 2025. On 08/22/2025 he acquired 1,028 shares at $11.99, and on 08/25/2025 he acquired 2,500 shares at $12.00, increasing his direct beneficial ownership to 26,639 shares. The Form 4 was signed by Mr. Kavanaugh on 08/25/2025.

Frank Kavanaugh, Chairman, CEO & President of Medalist Diversified REIT, Inc. (MDRR), reported a series of open-market purchases increasing his direct beneficial ownership to 23,111 shares. The Form 4 shows purchases on 08/18/2025 (1 share at $10.85), 08/19/2025 (105 shares at $10.85) and 08/20/2025 (17,525 shares at a reported weighted-average $11.24). The filing notes the $11.24 figure is a weighted average for purchases made at prices ranging from $11.09 to $12.35 and the reporting person will provide details on request. The form is signed by Frank Kavanaugh on 08/20/2025.

Insider purchases by company leader increased his stake to 5,480 shares. Frank Kavanaugh, who is Chairman, CEO & President and a director and 10% owner of Medalist Diversified REIT, Inc. (MDRR), reported three open-market purchases on August 13-15, 2025. He acquired 1,911 shares on 08/13/2025 at a weighted average price of $10.85, 7 shares on 08/14/2025 at $10.85, and 3,562 shares on 08/15/2025 at a weighted average price reflected as $11.14 for that tranche. The filing notes the $10.85–$11.25 price range and offers to provide per-transaction detail on request. Following these transactions, Mr. Kavanaugh beneficially owns 5,480 shares, held directly.

Charles Brent Winn Jr., Chief Financial Officer of Medalist Diversified REIT, Inc. (MDRR), reported open-market purchases totaling 1,115 common shares across two transactions on 08/12/2025 and 08/13/2025 recorded as direct ownership.

On 08/12/2025 he acquired 206 shares at a weighted average price of $10.574 (individual prices ranged $10.50–$10.60). On 08/13/2025 he acquired 909 shares at a weighted average price of $10.833 (individual prices ranged $10.45–$10.85). Following these purchases his reported direct beneficial ownership is 54,374 shares. The filing states he will provide detailed per-trade price breakdowns upon request.

Francis P. Kavanaugh reports beneficial ownership representing approximately 25.8% of Medalist Diversified REIT's common stock, holding roughly 388,000 OP Units and no shares of Common Stock. The position combines OP Units held directly and OP Units held by a trust of which he is trustee; the trust disclaims beneficial ownership of shares that may be issuable on exchange.

The filing details issuance and exchanges: 19,348 OP Units issued as compensation, 208,696 OP Units issued for a property acquisition, 160,000 OP Units purchased in a private placement at $12.50 per unit for total consideration of $2,000,000, and an exchange of 240,004 shares for OP Units that are not redeemable until August 8, 2026. OP Units are redeemable for cash equal to fair market value or may be converted one-for-one into common stock at the Operating Partnership's election.

Medalist Diversified REIT, Inc. entered an exchange allowing its CEO to swap 240,004 shares of common stock on a one-for-one basis for 240,004 limited partnership OP Units in the companys operating partnership to help preserve REIT qualification limits on concentrated ownership. The CEO indicated an intent to purchase additional common shares after the exchange.

The companys wholly owned subsidiary agreed to sell Salisbury Marketplace Shopping Center for $10,000,000 with a $150,000 earnest money deposit and an expected close within 60 days, subject to customary closing conditions that remain to be satisfied. The issued OP Units were sold without registration relying on Section 4(a)(2) of the Securities Act.

Frank Kavanaugh, who serves as Chairman, CEO & President and is a director and greater-than-10% owner of Medalist Diversified REIT, Inc. (MDRR), exchanged 240,004 shares of Common Stock for 240,004 operating partnership units (OP Units) under an Exchange Agreement dated 08/08/2025.

The OP Units received are redeemable one-for-one for cash or, at the company's option, for shares of Common Stock after a one-year holding period, and carry no expiration date. The Form 4 reports this one-for-one conversion and the resulting OP Units balance, documenting a change in the form of the reporting person's ownership rather than an outright divestiture of economic interest.

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.