---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-017162"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:27:29.616394+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Medalist Q3 2022: Net loss $1.74M ($0.10 EPS) but FFO turns positive; NOI up 7.2%

## Summary
- Net loss of $1.74M ($0.10 diluted EPS) for Q3 2022 vs $0.88M loss in Q3 2021.
- FFO positive at $96,382 for Q3 2022 (vs negative $62,503); AFFO negative $241,602.
- NOI grew 7.2% to $4.98M for nine months ended Sep 2022; same-property NOI up 4.9%.
- Portfolio occupancy rose to 96.5% from 93.8%; WALT 4.1 years on retail/flex.
- Completed sale of Clemson Best Western for $10.0M, generating $3.5M unrestricted cash.

## SEC filing metadata
- accession: 0001558370-22-017162
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837022017162/0001558370-22-017162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837022017162/mdrr-20221109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-017162
- JSON: https://secwatch.observer/filing/0001558370-22-017162.json
- Plain text: https://secwatch.observer/filing/0001558370-22-017162.txt

## Key facts
- Earnings Releases
  Medalist Diversified, Inc. reported financial results for the three months ended September 30, 2022.
  - Period: the three months ended September 30, 2022
  - Result: reported results
  source text: On November 9, 2022, Medalist Diversified REIT, Inc., a Maryland corporation (the “Company”) issued a press release announcing its financial results for the quarterly period ended September 30, 2022 (the “Press Release”) and a financial supplement including reconciliations to certain non-GAAP financial measures (the “Financial Supplement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000155837022017162/0001558370-22-017162-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.