secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001558370-23-009412
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837023009412/0001558370-23-009412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837023009412/mdrr-20230511x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-009412

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