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Medalist Diversified Reit Inc - MDRR STOCK NEWS

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.

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Medalist Diversified REIT (NASDAQ: MDRR) announced that CEO Tim Messier will be featured on The RedChip Money Report® on Bloomberg TV, airing August 14 at 7 p.m. ET. This program, reaching an estimated 73 million homes, provides insights into small-cap investing and includes interviews with public company executives. Medalist focuses on acquiring and managing value-add commercial real estate primarily in the Mid-Atlantic and Southeast regions, emphasizing risk-adjusted returns through a rigorous acquisition process.

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Medalist Diversified REIT (NASDAQ: MDRR) filed its Quarterly Report on Form 10-Q for Q2 2021 on August 10, 2021. The report is available on both the Company’s and the SEC’s websites. Medalist focuses on acquiring, owning, and managing value-add commercial real estate primarily in the Mid-Atlantic and Southeast regions. The Company's strategy aims for an attractive balance of risk and returns, leveraging a thorough due diligence process for acquisitions. For further details, visit medalistreit.com.

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Medalist Diversified REIT (NASDAQ: MDRR) has declared a quarterly cash dividend of $0.02 per share, payable on August 5, 2021 to holders of record as of August 2, 2021. This decision reflects the Board of Directors' consideration of the company's cash flow. Medalist specializes in acquiring and managing commercial real estate in the Southeastern U.S., focusing on value-add opportunities to enhance property performance and monitor market conditions for strategic acquisitions and disposals.

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Medalist Diversified REIT (NASDAQ: MDRR) has declared a cash dividend of $0.5000 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock for Q2 2021. The dividend is payable on July 26, 2021 to shareholders on record as of July 12, 2021. This announcement reflects the company's ongoing commitment to providing returns to its investors while operating in the Mid-Atlantic and Southeast U.S. commercial real estate market.

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Medalist Diversified REIT (NASDAQ: MDRR) has entered into a sales agreement for its Hampton Inn property in Greensboro, North Carolina. The agreement allows a prospective purchaser a 30-day due diligence period, with an optional 15-day extension, followed by an additional 30 days to close the deal. However, the completion of the sale is contingent on various conditions being met, and there is no assurance that the transaction will finalize as described. Medalist focuses on value-add commercial real estate in the Southeast U.S.

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Medalist Diversified REIT (NASDAQ: MDRR) has extended its rental agreement with Clemson University for the Clemson Best Western Plus property until May 15, 2022. This property features 148 rooms and aligns with Medalist’s strategy to maintain valuable partnerships while transitioning out of hotel investments. CEO Thomas E. Messier expresses satisfaction with this ongoing relationship with the university, highlighting the commitment to enhancing operational performance during this interim period.

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Medalist Diversified REIT (NASDAQ: MDRR) has acquired the Lancer Center in Lancaster, South Carolina, for $10.1 million, with a $200,000 credit for major repairs. The purchase was funded through a mix of a $3.75 million equity investment from its recent stock offering and a commercial loan. The Lancer Center features major tenants, including Big Lots and Harbor Freight, which are expected to enhance cash flow. The acquisition aligns with the company’s strategy to pivot from hotel investments and focus on cash-flowing properties to build shareholder value.

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Medalist Diversified REIT (Nasdaq: MDRR) has announced an interview with Chairman and CEO Thomas E. Messier, scheduled to air on The RedChip Money Report on the Bloomberg Network on Saturday, April 24, at 7 p.m. local time. This report reaches 73 million homes, providing insights on small-cap investing and featuring executives from public companies. Medalist focuses on acquiring and managing value-add commercial real estate in the Southeast, aiming for a balanced risk-return profile through a diligent acquisition process and active property management.

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Medalist Diversified REIT (NASDAQ: MDRR) announced that the contract for selling The Hampton Inn in Greensboro, NC was terminated by the buyer on April 19th. The company returned the deposit and has relisted the property for sale at a higher price due to expected increases in business travel. The initial contract price was $12,650,000. Despite this optimism, management cautioned that they cannot guarantee the sale of the property.

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Medalist Diversified REIT (NASDAQ: MDRR) has declared a dividend of $0.5000 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock for Q1 2021. This dividend will be payable in cash on April 30, 2021, to shareholders of record as of April 26, 2021. Medalist specializes in acquiring and managing value-add commercial real estate, focusing on the Southeast U.S. region.

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Medalist Diversified Reit Inc

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