Welcome to our dedicated page for Medalist Diversified Reit news (Ticker: MDRR), a resource for investors and traders seeking the latest updates and insights on Medalist Diversified Reit stock.
Medalist Diversified REIT Inc (MDRR) delivers timely updates on commercial property acquisitions, financial performance, and strategic initiatives in southeastern U.S. markets. This centralized news hub provides investors with essential information about the REIT's flex-industrial assets, retail centers, and hotel property management activities.
Access official press releases detailing quarterly earnings, portfolio expansions, and operational milestones. Our curated news collection features verified updates on property repositioning projects, lease agreements, and market-specific developments across Virginia, North Carolina, and other key operating regions.
Key content includes financial disclosures, asset management updates, and strategic partnership announcements. Bookmark this page for direct access to MDRR's latest retail center renovations, STNL property acquisitions, and UPREIT structure optimizations. Check regularly for new developments impacting this real estate investment trust's market position and income-producing assets.
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) announced a one-for-eight reverse stock split effective May 3, 2023, at 5:00 p.m. Eastern Time. This action will convert every eight shares of common stock into one share, aimed at meeting the $1.00 minimum bid price requirement for Nasdaq listing. The split-adjusted shares will begin trading on May 4, 2023. Fractional shares will not be issued; instead, stockholders will receive cash for any fractions. The Company’s Board also established a Special Committee to explore strategic alternatives for maximizing shareholder value, retaining financial and legal advisors. While progress is being made, there’s no guarantee of successful outcomes from this review or compliance with Nasdaq requirements.
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) announced a quarterly cash dividend of $0.01 per share on its common stock, payable on April 28, 2023, to shareholders of record as of April 25, 2023. Additionally, a $0.50 per share dividend was declared on the Company’s 8.0% Series A Cumulative Redeemable Preferred Stock, also payable on April 28, 2023. Medalist, based in Virginia, focuses on acquiring, owning, and managing commercial real estate in the Southeast U.S. and aims to provide an attractive balance of risk and returns through its value-add strategy.
