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 (NASDAQ: MDRR) has announced a share repurchase program allowing the purchase of up to 500,000 shares at a maximum price of
Medalist Diversified REIT (NASDAQ: MDRR) has declared a quarterly cash dividend of
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) has declared a dividend of $0.5000 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock for the 4th quarter of 2021. This dividend will be paid in cash on January 20, 2022, to shareholders on record as of January 13, 2022. Medalist specializes in commercial real estate in the Southeast U.S., focusing on value-add opportunities and employing a hands-on property management approach to maximize performance.
Medalist Diversified REIT, Inc. (NASDAQ: MDRR), a Virginia-based real estate investment trust, announced an interview with CEO Tim Messier on the RedChip Money Report® airing on Bloomberg TV on Sat., Dec. 4, at 7 p.m. ET. The show reaches approximately 73 million households in the U.S. and provides insights into small-cap investing. Medalist targets commercial real estate in the Southeast U.S., applying a systematic approach to acquisitions.
Medalist Diversified REIT (NASDAQ:MDRR) reported a third-quarter net loss of $0.87 million, improving from a loss of $1.29 million in Q3 2020. For the nine months ended September 30, 2021, the company incurred a net loss of $3.83 million, a decrease from $4.58 million in the previous year. Net operating income surged by 55% to $1.57 million for Q3 and by 57% to $4.65 million year-to-date. The average occupancy rate for retail and flex properties increased to 94.2%. The company acquired three properties in 2021, expanding its portfolio significantly.
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) acquired a mixed-use Industrial/Flex portfolio in Virginia Beach for $7.3 million. This acquisition includes two buildings totaling 64,109 square feet and was funded partially by cash from a previous stock offering. The company aims to enhance its portfolio with cash-flowing properties, expecting immediate positive cash flow from this acquisition. The Parkway Property purchase reflects Medalist's strategy to build shareholder value through strategic property acquisitions.
Medalist Diversified REIT (NASDAQ: MDRR) has declared a quarterly cash dividend of
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) has declared a dividend of
Medalist Diversified REIT (NASDAQ: MDRR), a Virginia-based real estate investment trust, announced the successful sale of its Hampton Inn property in Greensboro, North Carolina for $12.9 million. After settling a $10.4 million mortgage and covering sales costs, the net proceeds to Medalist were approximately $1.7 million. CEO Thomas Messier noted that this sale highlights the company's effective strategy. The REIT focuses on managing commercial real estate in the Southeast U.S., aiming to balance risk and returns through a disciplined acquisition process.
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) announced the acquisition of the Greenbrier Business Center in Chesapeake, Virginia, for $7.25 million. This flex industrial center spans approximately 89,290 square feet and is anticipated to generate immediate positive cash flow. The equity investment totaled $3 million, funded by proceeds from the April 2021 public stock offering. Medalist aims to continue acquiring similar cash-flowing properties while reducing hotel investments, demonstrating progress in its strategy to reposition assets post-COVID-19.
