Medalist Diversified REIT reports FY 2024 net income $0.024/share; FFO $1.52, SS NOI up 4.6%

Medalist Diversified, Inc.

Net income per diluted share of $0.024 vs. $(4.12) loss in FY 2023; net income attributable to common shareholders $27,524.
FFO per diluted share $1.52; AFFO per diluted share $1.09, supporting $0.17/share dividend (down from $0.32).
Same-store cash NOI rose 4.6% YoY; flex industrial SS NOI +14.6%, retail SS NOI +0.9%.
Acquired one asset for $2.4M (Citibank, Chicago) and divested one for $3.1M during 2024.
Portfolio: 10 assets, 93.6% occupied, 4.0 yr WALTR; total revenue down 5.2% to $9.74M.

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