---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-004839"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:25:47.556664+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-004839
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837024004839/0001558370-24-004839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837024004839/mdrr-20240408x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-004839
- JSON: https://secwatch.observer/filing/0001558370-24-004839.json
- Plain text: https://secwatch.observer/filing/0001558370-24-004839.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000155837024004839/0001558370-24-004839-index.htm

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