other_material
confidence high
sentiment neutral
materiality 0.50
Medalist Diversified REIT files pro forma for Tesla Pensacola acquisition; adds $1.06M annual revenue
Medalist Diversified, Inc.
- Acquisition of Tesla Pensacola Property for net purchase price of $14.55M plus $70k closing costs on July 18, 2025.
- Funded by $303k cash and $14.7M variable-rate line of credit from Farmers and Merchants Bank (7.25% floor).
- Property held for sale per plan to contribute to Delaware Statutory Trust; no depreciation recorded.
- Pro forma: adds $527.8k revenue and $532.9k interest expense for H1 2025; net loss attributable to common up $3.1k.
- For FY 2024: adds $1.06M revenue and $1.07M interest; net income attributable to common increases $50k to $77.6k.
item 9.01