secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001558370-24-004839
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024004839/0001558370-24-004839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837024004839/mdrr-20240408x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004839

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