---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003468"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:33:16.686420+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT posts FY2022 operating loss; forms special committee for strategic alternatives

## Summary
- FY2022 operating loss $1.41M vs $0.81M income in 2021; net loss $4.73M vs $4.36M.
- NOI grew 6.8% to $6.88M; Same Property NOI up 7.9%; FFO turned positive at $0.997M vs ($0.974M).
- Portfolio occupancy 96.0% (up from 94.7%); weighted avg interest rate 4.2%; debt maturity 6.1 years.
- Board formed Special Committee of independent directors to explore strategic alternatives for maximizing stockholder value.
- Paid Q4 2022 dividend of $0.01 per common share on Jan 27, 2023.

## SEC filing metadata
- accession: 0001558370-23-003468
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837023003468/0001558370-23-003468-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837023003468/mdrr-20230310x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003468
- JSON: https://secwatch.observer/filing/0001558370-23-003468.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003468.txt

## Key facts
- Earnings Releases
  Medalist Diversified, Inc. reported financial results for the year ended December 31, 2022.
  - Period: the year ended December 31, 2022
  - Result: reported results
  source text: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) (the “Company”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today reported financial results for the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000155837023003468/0001558370-23-003468-index.htm

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