Medalist Diversified REIT, Inc. (MDRR) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Medalist Diversified REIT reported revenue of $10.4M, up 6.8% from $9.7M the year before. Net income was -$2.4M (a -23.0% net margin), or -$1.90 per diluted share. Operating margin was 5.3%. Operating activities generated $1.5M of cash. At fiscal year end, Medalist Diversified REIT held $77.7M in total assets against $53.6M in total liabilities, including $2.6M of cash and equivalents.
Open the full interactive Medalist Diversified REIT financials → Quarterly statements, key ratios, valuation history and price charts.
Medalist Diversified REIT Key Stats
| Share Price | $10.51 |
|---|---|
| Market Cap | $16.7M |
| Revenue YoY Growth | +6.8% |
| 52-Week Range | $10.00 – $13.98 |
| Shares Outstanding | 1.6 million (basic, 2026 Q2) |
Medalist Diversified REIT Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $9.3M | $11.5M | $11.1M | $10.3M | $9.7M | $10.4M |
| Cost of Goods Sold | $605,414 | — | — | — | — | — |
| Gross Profit | $8.7M | — | — | — | — | — |
| Operating Income | -$5.7M | $814,504 | -$1.4M | -$997,164 | $3.7M | $547,902 |
| Pre-Tax Income | -$9.7M | -$4.7M | -$5.0M | -$4.5M | $711,794 | -$2.1M |
| Income Tax | -$1.5M | $0 | -$199,473 | $33,215 | $684,270 | $316,343 |
| Net Income | -$8.2M | -$4.4M | -$4.8M | -$4.6M | $27,524 | -$2.4M |
| Diluted EPS | -$27.84 | -$5.28 | -$4.48 | -$4.12 | $0.02 | -$1.90 |
Medalist Diversified REIT Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.8M | $2.8M | $2.2M | $1.8M |
| Net Income | -$395,948 | -$529,619 | $9.0M | -$418,684 |
| Diluted EPS | -$0.33 | -$0.42 | $4.85 | -$0.26 |
Medalist Diversified REIT Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.9M | $4.4M | $3.9M | $2.2M | $4.8M | $2.6M |
| Total Assets | $79.3M | $92.5M | $87.9M | $82.7M | $75.1M | $77.7M |
| Total Long-Term Debt | $61.2M | $62.1M | $61.3M | $60.4M | $50.0M | $51.4M |
| Total Liabilities | $67.6M | $69.5M | $69.2M | $69.0M | $54.1M | $53.6M |
| Shareholders' Equity | $10.9M | $21.5M | $17.3M | $12.3M | $15.0M | $9.4M |
Medalist Diversified REIT Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.7M | $832,613 | $1.2M | $104,013 | $1.8M | $1.5M |
| Cash From Investing | -$414,361 | -$19.1M | -$9.3M | -$1.5M | $2.1M | -$7.0M |
| Cash From Financing | $5.1M | $20.6M | $6.4M | -$474,144 | -$1.6M | $3.5M |
| Dividends Paid | $917,733 | $1.2M | $1.3M | $383,665 | — | — |
Figures from Medalist Diversified REIT's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Medalist Diversified REIT financials page for every line item.
Medalist Diversified REIT Company Profile
| Ticker | MDRR |
|---|---|
| Exchange | Nasdaq |
| Industry | Real Estate Investment Trusts |
| Headquarters | Richmond, Virginia |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001654595 |
Frequently Asked Questions
What was Medalist Diversified REIT's revenue in fiscal 2025?
Medalist Diversified REIT (MDRR) reported revenue of $10.4M for fiscal 2025.
What is Medalist Diversified REIT's annual revenue history?
Medalist Diversified REIT's annual revenue by fiscal year: 2020: $9.3M; 2021: $11.5M; 2022: $11.1M; 2023: $10.3M; 2024: $9.7M; 2025: $10.4M.
What was Medalist Diversified REIT's net income in fiscal 2025?
Medalist Diversified REIT reported net income of -$2.4M for fiscal 2025.
What was Medalist Diversified REIT's earnings per share (EPS) in fiscal 2025?
Medalist Diversified REIT's diluted EPS was -$1.90 for fiscal 2025 (adjusted for any later stock splits).
What was Medalist Diversified REIT's revenue last quarter?
In its most recent reported quarter (2026 Q2), Medalist Diversified REIT reported revenue of $1.8M.
How much debt does Medalist Diversified REIT have?
Medalist Diversified REIT reported $51.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Medalist Diversified REIT are outstanding?
Medalist Diversified REIT reported a weighted average of 1.6 million basic shares outstanding in 2026 Q2.
What is Medalist Diversified REIT's market cap?
Based on its latest closing price, Medalist Diversified REIT (MDRR) has a market capitalization of about $16.7M.
When does Medalist Diversified REIT's fiscal year end?
Medalist Diversified REIT's fiscal year end, as registered with the SEC, is December 31.
Where is Medalist Diversified REIT headquartered?
Medalist Diversified REIT lists its business address in Richmond, Virginia in its SEC filings.