secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0001558370-25-003202
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025003202/0001558370-25-003202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025003202/mdrr-20250318x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-003202

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