secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001558370-22-017162
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837022017162/0001558370-22-017162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837022017162/mdrr-20221109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017162

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer