Welcome to our dedicated page for Medalist Diversified SEC filings (Ticker: MDRR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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 REIT, Inc. (MDRR) Chairman, CEO & President Frank Kavanaugh, who is also a Director and 10% Owner, reported open-market purchases of the company’s common stock. On 11/12/2025, he purchased 6 shares at $13.50, and on 11/13/2025, he purchased 5,953 shares at a weighted average price of $13.28.
Following these transactions, Kavanaugh directly owns 203,979 shares. The filing notes the 11/13/2025 transactions occurred across multiple trades within a price range of $13.00 to $13.70, with full trade breakdowns available upon request.
Medalist Diversified REIT (MDRR) completed an internal contribution and financing tied to its Tesla-occupied property in Pensacola, FL. On November 7, 2025, a wholly owned subsidiary contributed the Tesla Property to a company-controlled Delaware statutory trust (DST) for total consideration of $14,554,504, receiving $6,932,061 in cash and DST beneficial interests valued at approximately $7,622,443.
The DST entered into a Loan Agreement with Pinnacle Bank for a $7,710,000 loan. The company’s operating partnership provided a limited guaranty covering specified obligations and certain recourse in bankruptcy or insolvency scenarios. The DST was formed to hold title and expects to offer beneficial interests to accredited investors in a private placement under Regulation D, with proceeds intended to redeem the company’s DST interests for cash. The company expects to cease owning the DST after completion of the offering while continuing to manage operations as Trust Manager, and it expects to consolidate the DST until more than 50% of interests are sold.
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) announced two property sale agreements. A wholly owned subsidiary agreed to sell the Greenbrier Business Center in Chesapeake, VA for $11,000,000, with a $100,000 earnest money deposit due within two business days. Closing is expected within 60 days, subject to customary conditions.
Separately, two wholly owned subsidiaries agreed to sell a 5,933 sq. ft. single-tenant property in Bowling Green, KY and a 7,529 sq. ft. single-tenant property in Huntsville, AL for $5,350,000, with a $100,000 earnest money deposit due within three business days. Closing is expected within 45 days, subject to conditions. In both transactions, the purchaser will pay the consideration to the selling subsidiaries at closing, and there is no assurance the sales will be completed.
Medalist Diversified REIT (MDRR) closed the sale of Salisbury Marketplace Shopping Center for $9,930,000. The property at 2106 Statesville Blvd., Salisbury, NC was sold on October 23, 2025 after arm’s length negotiations with an unaffiliated purchaser. The transaction was executed through the Company’s wholly owned subsidiary, MDR Salisbury, LLC.
The Company stated it expects to use a portion of the proceeds from the sale to repay a portion of existing debt. This is a cash inflow event tied to a completed asset disposition, with proceeds earmarked to reduce leverage.
Medalist Diversified REIT, Inc. (MDRR) reported an insider purchase by Chief Financial Officer Charles Brent Winn Jr. on 09/05/2025. The filing shows a purchase of 117 shares of common stock at a price of $13.50 per share, bringing his beneficial ownership to 54,491 shares. The transaction was reported on the Form 4 filed and signed on 10/07/2025.
Medalist Diversified REIT, Inc. declared a quarterly cash dividend of $0.0675 per share on its common stock. This dividend was approved by the Board of Directors and represents the regular cash payout to shareholders.
The dividend will be paid on October 13, 2025 to common stockholders of record as of October 9, 2025. Investors holding shares on the record date will receive the cash payment on the stated payable date.
Medalist Diversified REIT, Inc. filed an amended current report to update its earlier disclosure about acquiring the Tesla Pensacola Property in Pensacola, Florida. The amendment adds unaudited pro forma financial information showing how the acquisition would have affected the company’s consolidated balance sheet as of June 30, 2025 and its statements of operations for the six months ended June 30, 2025 and the year ended December 31, 2024.
The company explains it is not providing separate historical financial statements for the Tesla Pensacola Property because the building was extensively renovated and converted from a trade college to an automotive sales, service and distribution facility just before the acquisition, so prior leasing history is not considered representative of future performance.
Kory J. Kramer, a director of Medalist Diversified REIT, Inc. (MDRR), reported the sale of 60,000 shares of the issuer's common stock on 08/29/2025 at $12.50 per share pursuant to a Stock Purchase Agreement. The shares sold were owned by the Kramerica Trust, dated July 24, 2015, of which Mr. Kramer is the sole trustee, and following the sale the trust beneficially owned 41,039 shares. The Form 4 was signed by Mr. Kramer on 09/03/2025 and identifies the transaction code as a sale by the reporting person. No derivative transactions or other securities classes are reported in this filing.
Marc Carlson reported beneficial ownership of 21,039 shares of Medalist Diversified REIT, Inc., representing 1.4% of the outstanding common stock based on 1,505,270 shares outstanding as of August 11, 2025. The amendment discloses that on August 29, 2025 Carlson entered into a Stock Purchase Agreement under which 80,000 shares were to be acquired by Francis Kavanaugh for an aggregate purchase price of $1,000,000. Carlson retains sole voting and dispositive power over the 21,039 shares reported and states no other transactions in the prior 60 days.