secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001558370-23-003468
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837023003468/0001558370-23-003468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837023003468/mdrr-20230310x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003468

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