Medalist Diversified, Inc. filings document material events for a public real estate company and DST sponsor, including Regulation FD press releases, property dispositions, contributions to Delaware Statutory Trust structures and related material agreements.
8-K disclosures also cover credit agreement amendments, operating partnership arrangements, OP unit exchanges, board changes, common stock dividend declarations and exhibits tied to acquisitions, sales and sponsor platform announcements. The filings reflect the company's transition from the Medalist Diversified REIT name and its use of subsidiaries, an operating partnership and DST vehicles in real estate transactions.
Medalist Diversified, Inc. (MDRR) reported an insider open-market purchase by its Chief Financial Officer, Charles Brent Winn Jr. On 2026-08-31, he purchased 10 shares of common stock at $12.00 per share. Following this transaction, his directly held position increased to 62,929 common shares.
Medalist Diversified, Inc. (MDRR) reported insider purchases by its Chief Financial Officer, Winn Charles Brent Jr. He bought a total of 259 shares of common stock in three open-market transactions on August 26, 27, and 28, 2026, at prices between $11.50 and $12.00 per share, all held as direct, non-derivative ownership.
Medalist Diversified, Inc. (MDRR) disclosed that its Chief Financial Officer, Charles Brent Winn Jr., purchased a total of 75 shares of common stock in open market or private transactions. The purchases occurred on 2026-08-19 and 2026-08-20 at a price of $11.50 per share, and are reported as direct ownership.
Medalist Diversified, Inc. (MDRR) reported that it has terminated two previously announced Purchase and Sale Agreements with NPH Ventures, LLC to acquire Caliber Collision Center properties in Aubrey and Cleburne, Texas. The company had agreed to purchase the properties under the Denton Agreement and the Johnson Agreement signed on July 21, 2026.
On August 18, 2026, Medalist Diversified, Inc. exercised its contractual right to terminate both agreements during the inspection period under Section 1.04 of each agreement. As a result, the earnest money deposits that had been paid in connection with these proposed acquisitions will be refunded to the company.
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. completed the sale of the Ashley Plaza Property for $16,275,000, following an earlier agreement for this 164,012 square foot retail center. Proceeds were used to defease and retire the mortgage secured by the asset, and the transaction was negotiated with an unaffiliated purchaser.
The company has recently executed seven property dispositions, including the Salisbury Property ($9,930,000 sale; about $4.45 million net cash after repaying roughly $5.145 million of debt), the Buffalo Wild Wings and United Rentals Properties ($5,299,500 combined), the Greenbrier Property ($11,000,000 sale; $7,000,000 of debt repaid), the Parkway Property ($7,825,000 sale; $4,735,614 of debt repaid), the Franklin Square Property ($24,100,000 sale; $12,954,175 of debt repaid) and the Citibank Property ($2,150,000 sale). In addition, it sold 84.72% of the Class 1 beneficial interests in XXV DST 1 (Tesla Pensacola Property), receiving about $6,777,444 net cash and deconsolidating that entity.
Pro forma as of March 31, 2026, cash and cash equivalents increase to $21,127,372, mortgages payable decline to $9,158,326, total liabilities fall to $11,159,838, and total equity rises to $44,397,614. For the three months ended March 31, 2026, pro forma net income attributable to common shareholders is $1,045,323 (basic income per share $0.82), while for 2025 pro forma net loss attributable to common shareholders is $3,341,362 (loss per share $2.96), reflecting the removal of income and expenses from the disposed and deconsolidated properties.
Medalist Diversified, Inc. completed the acquisition of a property at 14939 Metcalf Avenue in Overland Park, Kansas, consisting of approximately 1.64 acres of land and an automotive service building of about 16,100 square feet, for a total purchase price of $5,800,000 funded using cash on hand.
The property was purchased from an unaffiliated seller through a Delaware statutory trust formed to hold title. Medalist Diversified expects to offer beneficial interests in the trust to accredited investors in a private placement under Regulation D, with proceeds used to redeem the company’s beneficial interests for cash, and plans to file required financial statements and pro forma information within 71 days of the required reporting date.
Medalist Diversified, Inc. entered into two Purchase and Sale Agreements on July 21, 2026 with NPH Ventures, LLC to acquire Caliber Collision Center properties in Texas. The Denton Property, at 8600 Highway 377 in Aubrey, has total consideration of $5,494,444, and the Johnson Property, at 282 South Colonial Drive in Cleburne, has total consideration of $5,648,000, each subject to prorations and adjustments.
The company must fund earnest money deposits of $122,000 for Denton and $105,000 for Johnson within three business days of the effective date, and under certain conditions these deposits may not be returned. Both acquisitions are expected to close within 60 days, but several conditions remain and there is no assurance they will be completed. Medalist Diversified intends to assign its interests in these acquisitions to to‑be‑formed Delaware statutory trusts, which will hold title to the properties. The company expects to offer beneficial interests in the trusts to accredited investors in a Regulation D private placement, using the proceeds to redeem its beneficial interests for cash.
Medalist Diversified, Inc. declared a quarterly cash dividend on its common stock of $0.0675 per share. The Board of Directors authorized this dividend, which will be paid in cash on July 30, 2026 to shareholders who are holders of record as of July 23, 2026. The company’s common stock trades on the Nasdaq Capital Market under the symbol MDRR.
Medalist Diversified, Inc. reported a signed Purchase and Sale Agreement for Brookfield Center, a 64,880-square-foot flex-industrial property in Greenville, South Carolina, for total consideration of $10,250,000, with a $150,000 earnest money deposit. Closing is expected within 45 days, subject to customary conditions, and may not occur.
Stockholders approved an amendment to the Articles of Incorporation that restricts transfers of common stock to protect the company’s net operating loss and net capital loss tax benefits, generally limiting ownership increases at the 4.9% threshold. At the 2026 annual meeting, two Class III directors were elected, executive compensation was approved on an advisory basis, the auditor appointment was ratified, and the charter amendment related to the tax benefit strategy was approved.