secwatch.observer — SEC 8-K summary
======================================

Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K/A
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001558370-25-011989
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medalist Diversified REIT files pro forma for Tesla Pensacola acquisition; adds $1.06M annual revenue
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025011989/0001558370-25-011989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000155837025011989/mdrr-20250718x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-011989

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