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. (NASDAQ: MDRR) is a Virginia-based real estate investment trust focused on value-add and opportunistic commercial real estate, with activity centered in the Mid-Atlantic and Southeast regions of the United States. The MDRR news feed on Stock Titan aggregates company announcements, SEC-related disclosures and transaction updates that reflect how Medalist manages its portfolio and capital structure.
News releases for Medalist frequently cover quarterly cash dividends on its common stock and, prior to redemption, on its 8.0% Series A Cumulative Redeemable Preferred Stock. Investors can follow regular announcements in which the Board of Directors authorizes and declares dividends, including record dates and payment dates, illustrating the company’s distribution practices as a REIT.
The company also issues news about financing and balance sheet actions, such as the October 2024 announcement that it increased its line of credit to $4 million to enhance financial flexibility. Other items include notices of partial redemptions of preferred stock and details of reverse and forward stock splits that affect the trading characteristics of MDRR shares on The Nasdaq Capital Market.
In addition, Medalist’s news highlights governance developments and portfolio transactions. Press releases have announced appointments of new directors with backgrounds in real estate, technology and investment, as well as property-level actions like acquisitions, dispositions and structured transactions involving assets such as the Tesla Pensacola Property. For investors tracking MDRR, this news page offers a centralized view of dividend declarations, capital markets activity, governance changes and property-related developments. Bookmark this page to monitor ongoing updates directly from company communications and related filings.
Medalist Diversified REIT (NASDAQ:MDRR) reported Q2 2022 financial results with FFO increasing to $671,346, a 119.4% rise from a loss of $1,524,956 in Q2 2021. Net Operating Income (NOI) grew 1.9% to $1.61 million. The company acquired Salisbury Marketplace for $10.05 million, which is 89.9% leased. A $20.1 million corporate credit facility with Wells Fargo supports this acquisition and refinancing existing mortgages. Occupancy increased to 96.4%, and the company paid its fourth consecutive dividend of $0.02 per share, emphasizing strong leasing activity.
Medalist Diversified REIT will be featured on The RedChip Money Report airing on Bloomberg TV on July 23 at 7 p.m. ET. CEO Tim Messier will discuss the company's diverse property portfolio and a financing agreement with Wells Fargo, aimed at enhancing future growth. The interview is accessible online for investors seeking insights into Medalist's strategies in the Southeast commercial real estate market.
Medalist Diversified REIT (NASDAQ: MDRR) reported strong leasing activity, achieving a 97.1% occupancy rate in its retail and flex center portfolio as of June 30, 2022, up from 94.0% on March 31, 2022. The company signed 10 new leases for 42,536 square feet and 7 lease renewals totaling 33,059 square feet. Five properties are now fully leased, and occupancy rates improved at the Greenbrier Business Center and Franklin Square. According to Vice Chairman William Elliott, demand for their properties remains high in the Southeast commercial real estate market.
Medalist Diversified REIT (NASDAQ: MDRR) has declared a quarterly cash dividend of $0.02 per share on its common stock. This dividend is payable on July 21, 2022, for shareholders on record as of July 18, 2022. CEO Thomas Messier highlighted that this dividend reflects the Board's confidence in the company's operating cash flow and portfolio strength. Medalist focuses on value-add commercial real estate in the Mid-Atlantic and Southeast regions, aiming to optimize property performance.
Medalist Diversified REIT (NASDAQ: MDRR) has announced a dividend of $0.50 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock for the 2nd quarter of 2022. The dividend is payable on July 21, 2022 to shareholders on record as of July 18, 2022. The company focuses on acquiring and managing commercial real estate in the Southeast U.S., employing a strategy aimed at value-add opportunities for optimal returns.
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) has successfully acquired the Salisbury Marketplace, a shopping center in Salisbury, North Carolina, for $10.025 million. This property spans 79,732 square feet and is anchored by major retailers like Food Lion and Family Dollar. Medalist invested approximately $3.3 million in cash for this acquisition. On June 13, 2022, Medalist secured $18.6 million in financing from Wells Fargo Bank to fund the purchase and refinance existing properties, enhancing their financial position for future growth.
Medalist Diversified REIT (NASDAQ:MDRR) reported financial results for Q1 2022, showing total revenues increased by 8.7% to $2.90 million. Retail center and flex property revenues rose significantly, by 27.8% and 235.5%, respectively. Net operating income increased 26% to $1.88 million, while EBITDA saw a substantial 54% rise, reaching $1.20 million. Despite a net loss of $(989,284), this represents an improvement from last year. The company maintained a 94.0% occupancy rate across its properties and paid a quarterly dividend of $0.02.
Medalist Diversified REIT (NASDAQ: MDRR) has declared a quarterly cash dividend of
Medalist Diversified REIT (NASDAQ: MDRR) has declared a dividend of
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