---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-003202"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T13:54:57.646356+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-003202
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000155837025003202/0001558370-25-003202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000155837025003202/mdrr-20250318x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-003202
- JSON: https://secwatch.observer/filing/0001558370-25-003202.json
- Plain text: https://secwatch.observer/filing/0001558370-25-003202.txt

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