Medalist Diversified, Inc. (MDRR): M&A transaction — Medalist Diversified sells Franklin Square retail property for $24.1M, declares $0.0675 dividend

Medalist Diversified, Inc.

Sold 134,239 sq ft Shops at Franklin Square in Gastonia, NC for $24.1M on March 30, 2026.
Used $12.95M of proceeds to fully repay mortgage on the property.
Declared Q1 dividend of $0.0675/share, payable April 21, 2026 to holders of record as of April 15.
Pro forma net loss attributable to common shareholders for 2025 was $3.4M ($2.70 EPS), wider than $2.4M historical loss.
This is the fifth property sale since October 2025 as part of disposition strategy.

item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Medalist Diversified, Inc. completed a disposition involving PC Acquisitions, LLC for $24,100,000 (closed 2026-03-30).

Action: disposition
Counterparty: PC Acquisitions, LLC
Consideration: $24,100,000
Closing: 2026-03-30

Exact text from the filing

On March 30, 2026, the Company closed on the sale of the Franklin Square Property (the “Disposition”). The total sales price of the Franklin Square Property was $24,100,000.

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Medalist Diversified, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-038547

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