Medalist reports FY2023 net loss of $4.6M; doubles common dividend to $0.02/share

Medalist Diversified, Inc.

2024-Q1 EPS reported $0.60 revenue$2,571,639

Net loss $4.6M vs $4.8M in 2022; excluding $2.1M restructuring, net loss would be $2.5M.
NOI $7.3M (+6.5% YoY); portfolio occupancy 97.2% (up 1.2% YoY).
Sold Hanover Square retail, reducing debt by >$10M, including line of credit payoff.
Normalized FFO $0.97 (up 109%); normalized AFFO $0.36 (up 219%).
Common dividend doubled to $0.02/share for Q1 2024; preferred dividend $0.50/share, payable Apr 25.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Medalist Diversified, Inc. reported fiscal 2023 results: net income net loss of $4.6 million.

Period: fiscal 2023
Net income: net loss of $4.6 million
Result: reported results

Exact text from the filing

In 2023, Medalist reported a net loss of $4.6 million, representing a $0.2 million decrease from the $4.8 million net loss reported for 2022.

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Medalist Diversified, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-004839

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