Medalist Diversified REIT Q1 2023 revenue $2.46M (-15% YoY), FFO ($40,715) vs $387K prior year

Medalist Diversified, Inc.

2023-Q1 EPS reported -$0.07 revenue$2,460,976

Total revenues $2.46M, down 15% YoY; operating loss $340,716 vs $234,398 loss in Q1 2022.
FFO of ($40,715) vs $387,155 in prior year; AFFO ($657,538) vs $217,023.
Same property NOI up 1.4% to $1.51M; portfolio occupancy improved to 96.7% from 94.0%.
Net loss attributable to common shareholders $1.22M ($0.07 per share) vs $0.99M loss ($0.06) a year ago.
Dividend reduced to $0.01 per share from $0.02; legal expenses of $206K for strategic alternatives.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Medalist Diversified, Inc. reported the three months ended March 31, 2023 results: revenue $2,460,976.

Period: the three months ended March 31, 2023
Revenue: $2,460,976
Result: reported results

Exact text from the filing

Total revenues decreased by 15% to $2,460,976, down from $2,903,964 for the same quarter in 2022.

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Source: SEC EDGAR

accession 0001558370-23-009412

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