Real Estate · REIT - Diversified
Price
$11.22
Market Cap
$13.9M
Employees
0
Beta
0.57
Avg Volume
1,879
CEO
Francis Kavanaugh
Business Description
Medalist Diversified REIT, Inc. was incorporated in Maryland on September 28, 2015. The company believes it began operating in a manner consistent with Real Estate Investment Trust (REIT) qualifications for its fiscal year ending December 31, 2017, and has since elected to be treated as a REIT for federal income tax purposes. Additionally, it serves as the general partner for Medalist Diversified Holdings, LP, a Delaware limited partnership established a day later on September 29, 2015. The company's core business involves the acquisition, enhancement, renovation, leasing, and ongoing management of income-generating real estate assets. Its investment strategy places a primary focus on commercial properties (including flexible industrial and retail spaces), multi-family residential complexes, and limited-service hotel properties. These holdings are strategically located in secondary and tertiary markets throughout the southeastern United States, with a strong anticipated presence in Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-5.91
Stock Price: $11.22
EPS (Diluted): -1.90
EPS (Diluted): -1.90
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.64
Stock Price: $11.22
Total Equity: $9.43M
Shares: 1,258,602
Total Equity: $9.43M
Shares: 1,258,602
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.33
Market Cap: $13.90M
Total Debt: $32.83M
Cash: $2.63M
EBITDA: $4.03M
Total Debt: $32.83M
Cash: $2.63M
EBITDA: $4.03M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$45.7M
Market Cap: $13.90M
Total Debt: $32.83M
Cash: $2.63M
Total Debt: $32.83M
Cash: $2.63M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.49
Stock Price: $11.22
Revenue: $10.40M
Shares: 1,258,602
Revenue: $10.40M
Shares: 1,258,602
EV/Sales (Total value vs revenue — works when P/E can't)
API4.39
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
73.3%
Gross Profit: $7.62M
Revenue: $10.40M
Revenue: $10.40M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
9.6%
Operating Income: $995,586
Revenue: $10.40M
Revenue: $10.40M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-23.0%
Net Income: -$2.39M
Revenue: $10.40M
Revenue: $10.40M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-25.3%
Net Income: -$2.39M
Total Equity: $9.43M
Total Equity: $9.43M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
2.5%
Operating Income: $995,586
Tax Rate: 0.0%
Equity: $9.43M
Total Debt: $32.83M
Cash: $2.63M
Tax Rate: 0.0%
Equity: $9.43M
Total Debt: $32.83M
Cash: $2.63M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.70
Current Assets: $34.09M
Current Liabilities: $20.01M
Current Liabilities: $20.01M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
3.48
Short-Term Debt: $0.00
Long-Term Debt: $32.83M
Total Debt: $32.83M
Total Equity: $9.43M
Long-Term Debt: $32.83M
Total Debt: $32.83M
Total Equity: $9.43M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$8.26
Revenue: $10.40M
Shares: 1,258,602
Shares: 1,258,602
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.49
Total Equity: $9.43M
Shares: 1,258,602
Shares: 1,258,602
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.06
Operating CF: $1.53M
CapEx: -$1.45M
Shares: 1,258,602
CapEx: -$1.45M
Shares: 1,258,602
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.9%
Last Dividend: N/A
Stock Price: $11.22
Stock Price: $11.22
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$2.39M
Net Income: -$2.39M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MDRR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:29pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.5M | $11.1M | $10.3M | $9.7M | $10.4M |
| Cost of Revenue | $5.0M | $3.9M | $2.6M | $2.4M | $2.8M |
| Gross Profit | $6.5M | $7.2M | $7.7M | $7.4M | $7.6M |
| Operating Expenses | $5.7M | $8.6M | $8.7M | $3.7M | $6.6M |
| Operating Income | $814,504 | -$1.4M | $-997,164 | $3.7M | $995,586 |
| Net Income | -$4.4M | -$4.8M | -$4.6M | $27,524 | -$2.4M |
| EBITDA | $4.7M | $3.5M | $3.5M | $7.4M | $4.0M |
| EPS | $-5.33 | $-4.46 | $-4.12 | $0.02 | $-1.90 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:29pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4.4M | $3.9M | $2.2M | $4.8M | $2.6M |
| Total Current Assets | $18.6M | $7.1M | $14.9M | $7.5M | $34.1M |
| Total Assets | $92.5M | $87.9M | $82.7M | $75.1M | $77.7M |
| Current Liabilities | $1.3M | $1.2M | $11.7M | $1.2M | $20.0M |
| Long-Term Debt | $66.4M | $61.3M | $50.8M | $50.0M | $32.8M |
| Total Liabilities | $69.5M | $69.2M | $69.0M | $54.1M | $53.6M |
| Total Equity | $21.5M | $17.3M | $12.3M | $15.0M | $9.4M |
| Retained Earnings | -$25.0M | -$30.9M | -$35.9M | -$36.0M | -$38.8M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:29pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $832,613 | $1.2M | $104,013 | $1.8M | $1.5M |
| Capital Expenditure | $-536,685 | -$1.0M | -$1.5M | $-902,397 | -$1.5M |
| Free Cash Flow | $295,928 | $175,322 | -$1.4M | $893,740 | $76,993 |
| Acquisitions (net) | -$20.8M | $10.3M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $-286,543 | $-4,999 | $-125,687 | -$1.6M |
| Net Change in Cash | $2.3M | -$1.7M | -$1.9M | $2.3M | -$1.9M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:45pm (9h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$10.2M $10.2M – $10.2M
|
$10.3M $10.3M – $10.3M
|
$10.5M $10.5M – $10.5M
|
$10.7M $10.7M – $10.7M
|
| EBITDA |
$4.5M $4.5M – $4.5M
|
$4.6M $4.6M – $4.6M
|
$4.7M $4.7M – $4.7M
|
$4.7M $4.7M – $4.7M
|
| Net Income | $0 | $0 | $0 | $0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:29pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -3.3% | -7.4% | -5.2% | +6.8% |
| Gross Profit Growth | +10.0% | +7.2% | -3.8% | +3.2% |
| Operating Income Growth | -273.6% | +29.5% | +474.2% | -73.3% |
| Net Income Growth | -9.3% | +4.2% | +100.6% | -8,779.1% |
| EBITDA Growth | -24.7% | +0.3% | +109.6% | -45.7% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:29pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-15 | $0.07 | 2026-04-01 | 2026-04-15 | 2026-04-21 |
| 2026-01-08 | $0.07 | 2025-12-18 | 2026-01-08 | 2026-01-13 |
| 2025-10-09 | $0.07 | 2025-09-25 | 2025-10-09 | 2025-10-14 |
| 2025-07-11 | $0.07 | 2025-06-27 | 2025-07-11 | 2025-07-16 |
| 2025-04-17 | $0.07 | 2025-04-04 | 2025-04-17 | 2025-04-22 |
| 2025-01-17 | $0.07 | 2025-01-07 | 2025-01-20 | 2025-01-23 |
| 2024-10-16 | $0.06 | 2024-10-03 | 2024-10-16 | 2024-10-21 |
| 2024-07-23 | $0.05 | 2024-07-05 | 2024-07-23 | 2024-07-26 |
| 2024-04-19 | $0.02 | 2024-04-08 | 2024-04-22 | 2024-04-25 |
| 2024-02-01 | $0.01 | 2024-01-23 | 2024-02-02 | 2024-02-06 |
| 2023-04-24 | $0.01 | 2023-04-12 | 2023-04-25 | 2023-04-28 |
| 2023-01-23 | $0.01 | 2023-01-11 | 2023-01-24 | 2023-01-27 |
| 2022-10-14 | $0.01 | 2022-10-04 | 2022-10-17 | 2022-10-20 |
| 2022-07-15 | $0.02 | 2022-06-27 | 2022-07-18 | 2022-07-21 |
| 2022-04-14 | $0.02 | 2022-04-05 | 2022-04-18 | 2022-04-21 |
| 2022-01-12 | $0.02 | 2021-12-22 | 2022-01-13 | 2022-01-20 |
| 2021-10-22 | $0.02 | 2021-10-12 | 2021-10-25 | 2021-10-27 |
| 2021-07-30 | $0.02 | 2021-07-22 | 2021-08-02 | 2021-08-05 |
| 2020-02-10 | $0.13 | 2019-11-29 | 2020-02-11 | 2020-03-10 |
| 2019-12-11 | $0.18 | 2018-12-12 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MDRR — it's generated by the pipeline (
market-narrative step).
No community reviews yet for MDRR.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30