MDRR · Medalist Diversified REIT, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $2.79M | $2.47M | $2.32M | - | $2.34M | $2.30M | $2.57M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $348.2K | - | $269.0K | $357.4K | $353.3K | - | $238.2K | $213.9K | $296.8K | - |
| Total Operating Expenses | $2.34M | - | $2.34M | $2.20M | $2.86M | - | $2.03M | $2.09M | $2.57M | - |
| D&A | $488.8K | - | $768.7K | $933.3K | $965.2K | - | $973.4K | $993.3K | $1.01M | - |
| Operating Income | $12.30M | - | $441.5K | $241.5K | ($552.5K) | - | $303.3K | $215.8K | $2.76M | - |
| Interest Expense | $456.1K | - | $768.8K | $558.8K | $573.0K | - | $730.9K | $723.4K | $876.7K | - |
| Income Tax | ($2.08M) | - | $0 | $0 | - | - | - | - | - | - |
| Net Income | $8.97M | - | ($395.9K) | ($456.4K) | ($1.01M) | - | ($527.0K) | ($521.7K) | $1.36M | - |
| EPS - Basic | $7.01 | - | ($0.33) | ($0.34) | ($0.74) | - | ($0.47) | ($0.47) | $1.22 | - |
| EPS - Diluted | $4.85 | - | ($0.33) | ($0.34) | ($0.74) | - | ($0.47) | ($0.47) | $1.20 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.60M | $2.63M | $1.89M | $1.95M | $2.74M | $4.78M | $3.12M | $3.83M | $3.64M | $2.23M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $68.92M | $77.74M | $92.10M | $77.66M | $78.23M | $75.10M | $74.61M | $75.25M | $75.98M | $82.75M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $26.70M | $51.38M | $63.61M | $49.58M | - | - | - | - | - | $60.36M |
| Total Liabilities | $29.04M | $53.63M | $67.11M | $52.34M | $52.38M | $54.10M | $58.14M | $58.15M | $58.27M | $69.02M |
| Stockholders' Equity | $22.30M | $9.43M | $10.38M | $13.41M | $13.99M | $15.03M | $12.56M | $13.18M | $13.74M | $12.32M |
| Retained Earnings | ($29.87M) | ($38.76M) | ($38.22M) | ($37.73M) | ($37.12M) | ($36.03M) | ($35.68M) | ($35.10M) | ($34.53M) | ($35.86M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($508.4K) | - | - | - | $460.0K | - | - | - | $492.4K | - |
| Investing Cash Flow | $4.65M | - | - | - | ($227.5K) | - | - | - | $2.74M | - |
| Financing Cash Flow | $1.16M | - | - | - | ($2.07M) | - | - | - | ($1.90M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | 15.8% | 9.8% | -23.8% | - | 13.0% | 9.4% | 107.5% | - |
| EBITDA margin | - | - | 43.4% | 47.7% | 17.8% | - | 54.6% | 52.5% | 146.9% | - |
| Net margin | - | - | -14.2% | -18.5% | -43.4% | - | -22.6% | -22.7% | 52.8% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 9.7% | 14.5% | 15.2% | - | 10.2% | 9.3% | 11.5% | - |
| Effective tax rate | -30.2% | - | - | - | - | - | - | - | - | - |
| Return on assets | 13.0% | - | -0.4% | -0.6% | -1.3% | - | -0.7% | -0.7% | 1.8% | - |
| Return on equity | 40.2% | - | -3.8% | -3.4% | -7.2% | - | -4.2% | -4.0% | 9.9% | - |
| Return on invested capital | 25.1% | - | 0.5% | 0.3% | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.20 | 5.45 | 6.13 | 3.70 | - | - | - | - | - | 4.90 |
| Debt / Assets | 0.39 | 0.66 | 0.69 | 0.64 | - | - | - | - | - | 0.73 |
| Debt / EBITDA | 2.09 | - | 52.56 | 42.20 | - | - | - | - | - | - |
| Interest coverage | 27.0x | - | 0.6x | 0.4x | -1.0x | - | 0.4x | 0.3x | 3.2x | - |
| Equity multiplier | 3.09 | 8.24 | 8.88 | 5.79 | 5.59 | 5.00 | 5.94 | 5.71 | 5.53 | 6.72 |
| Liabilities / Assets | 0.42 | 0.69 | 0.73 | 0.67 | 0.67 | 0.72 | 0.78 | 0.77 | 0.77 | 0.83 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 2.3x | - | - | - | - | - | - | - | 9.6x | - |
| P / B | 0.9x | - | 1.6x | 1.1x | 1.2x | - | 1.1x | 1.0x | 1.9x | - |
| P / S | - | - | 5.9x | 5.7x | 7.3x | - | 5.7x | 5.6x | 10.1x | - |
| EV / EBITDA | 3.0x | - | 64.6x | 52.6x | 34.6x | - | 8.1x | 7.5x | 5.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 19.2% | 7.1% | -9.7% | - | -9.7% | -8.5% | -11.4% | - |
| Revenue CAGR (3y) | - | - | -0.6% | -6.1% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 45.6% | 11.9% | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | 24.9% | 12.5% | - | - | 73.0% | 40.6% | - | - |
| EPS growth (YoY) | - | - | 29.8% | 27.7% | - | - | 46.6% | -17.5% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 59.4% | -37.3% | -17.4% | 1.8% | 1.8% | 22.0% | -2.2% | -10.9% | -13.3% | -28.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$10.40M totalRetail Center Properties$6.31M · 60.7%
Propertyrevenues$2.82M · 27.1%
Single Tenant Net Lease$1.26M · 12.1%
Product / service
$10.40M totalRetail Center Properties$6.31M · 60.7%
Propertyrevenues$2.82M · 27.1%
Single Tenant Net Lease$1.26M · 12.1%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Medalist Diversified REIT against the 5 most active filers in the same SIC group.
Dividends
$0.27/share trailing 12 months · +11.9% YoY
| Ex-date | Per share |
|---|---|
| Apr 15, 2026 | $0.0680 |
| Jan 8, 2026 | $0.0680 |
| Oct 9, 2025 | $0.0680 |
| Jul 11, 2025 | $0.0680 |
| Apr 17, 2025 | $0.0680 |
| Jan 17, 2025 | $0.0650 |
| Oct 16, 2024 | $0.0600 |
| Jul 23, 2024 | $0.0500 |
| Apr 19, 2024 | $0.0400 |
| Feb 1, 2024 | $0.0200 |
| Apr 24, 2023 | $0.1600 |
| Jan 23, 2023 | $0.1600 |
| Oct 14, 2022 | $0.1600 |
| Jul 15, 2022 | $0.3200 |
| Apr 14, 2022 | $0.3200 |
| Jan 12, 2022 | $0.3200 |
| Oct 22, 2021 | $0.3200 |
| Jul 30, 2021 | $0.3200 |
| Feb 10, 2020 | $2.0000 |
| Nov 12, 2019 | $2.8000 |
| Jul 11, 2019 | $2.8000 |
| May 23, 2019 | $2.8000 |
| Dec 11, 2018 | $2.8000 |