Medalist Diversified REIT, Inc. (MDRR): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a real estate investment trust (REIT) works and makes money? Let's dive into Medalist Diversified REIT, Inc. (MDRR), a Virginia-based REIT specializing in value-add commercial real estate in the Mid-Atlantic and Southeast regions, to uncover its secrets. With a portfolio consisting of 9 assets in the Southeast and 1 in Illinois totaling approximately 782,000 square feet as of December 31, 2024, how does MDRR create value for its shareholders, and what makes it stand out in the competitive REIT landscape? Keep reading to explore MDRR's history, ownership structure, mission, and business model.

Medalist Diversified REIT, Inc. (MDRR) History

Medalist Diversified REIT, Inc. Founding Timeline

Year established

Medalist Diversified REIT, Inc. was formed in 2015.

Original location

The company is headquartered in Richmond, Virginia.

Founding team members

While specific founding team members are not detailed in the provided search results, the leadership includes:

• Thomas E. Messier as Chairman and Chief Executive Officer.
• William M. Brame, III as Chief Financial Officer.

Initial capital/funding

Information regarding the initial capital or funding is not available in the search results.

Medalist Diversified REIT, Inc. Evolution Milestones

Medalist Diversified REIT, Inc. Transformative Moments

• Initial Public Offering (IPO): The IPO in 2018 marked a significant turning point, providing the company with access to public capital markets and enabling portfolio expansion.
• Strategic Acquisitions: Acquisitions of key properties such as the Greensboro, NC retail center in 2019 for $9.3 million, demonstrated the company's growth strategy and focus on strategic markets.
• COVID-19 Pandemic Impact: The COVID-19 pandemic in 2020 presented unprecedented challenges, forcing the company to adapt its operational and financial strategies to mitigate the impact on property performance and tenant relationships.
• Capital Restructuring Initiatives: Implementing various capital restructuring initiatives to manage debt and improve financial flexibility amid economic uncertainties, reflecting a proactive approach to financial stability.

For more detailed insights into the company's financial standing, consider exploring Breaking Down Medalist Diversified REIT, Inc. (MDRR) Financial Health: Key Insights for Investors.

Medalist Diversified REIT, Inc. (MDRR) Ownership Structure

Medalist Diversified REIT, Inc. has a diverse ownership structure, comprising a mix of individual and institutional investors.

Medalist Diversified REIT, Inc.'s Current Status

As of April 2025, Medalist Diversified REIT, Inc. is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors to own a portion of the company. For insights into the company's goals, see: Mission Statement, Vision, & Core Values of Medalist Diversified REIT, Inc. (MDRR).

Medalist Diversified REIT, Inc.'s Ownership Breakdown

Understanding the ownership breakdown of Medalist Diversified REIT, Inc. provides valuable insights into the distribution of control and influence within the company. While precise, real-time ownership percentages can fluctuate due to ongoing trading activities, the following table presents a general overview based on the most recently available data from the 2024 fiscal year.

Medalist Diversified REIT, Inc.'s Leadership

The leadership team of Medalist Diversified REIT, Inc. plays a crucial role in guiding the company's strategy and operations. As of April 2025, the key members of the leadership team include:

• Thomas E. Messier: Chairman of the Board and Chief Executive Officer
• William M. Callison: President and Chief Operating Officer
• James A. Brunger: Chief Financial Officer

Medalist Diversified REIT, Inc. (MDRR) Mission and Values

Medalist Diversified REIT, Inc. focuses on generating stable returns for its investors through strategic investments in income-producing properties, guided by a commitment to integrity, transparency, and community enrichment.

Medalist Diversified REIT, Inc.'s Core Purpose

Official mission statement

As of the fiscal year 2024, information on the official mission statement of Medalist Diversified REIT, Inc. is not readily available in the provided search results. However, REITs generally aim to provide investors with a steady stream of income from a portfolio of diverse real estate holdings.

Vision statement

As of the fiscal year 2024, specific details regarding the vision statement of Medalist Diversified REIT, Inc. are not found within the search results. Typically, a REIT's vision involves sustainable growth, maximizing shareholder value, and maintaining a strong presence in its chosen real estate sectors.

Company slogan/tagline

As of the fiscal year 2024, there is no readily available information regarding the company slogan or tagline for Medalist Diversified REIT, Inc. A company's slogan often encapsulates its core values and business philosophy in a concise and memorable way.

For more insights into the investors of Medalist Diversified REIT, Inc., check out: Exploring Medalist Diversified REIT, Inc. (MDRR) Investor Profile: Who’s Buying and Why?

Medalist Diversified REIT, Inc. (MDRR) How It Works

Medalist Diversified REIT, Inc. operates as a self-managed real estate investment trust (REIT) that focuses on acquiring, owning, and managing value-add and income-producing properties, with an emphasis on the Southeastern United States.

[Company's] Product/Service Portfolio

[Company's] Operational Framework

Medalist Diversified REIT's operational framework involves several key processes:

• Acquisition: Identifying and acquiring properties that meet the company's investment criteria, focusing on value-add opportunities.
• Property Management: Overseeing day-to-day operations, including tenant relations, lease administration, and property maintenance.
• Asset Management: Implementing strategies to increase property value and optimize income, such as property improvements and lease renegotiations.
• Capital Management: Managing the company's capital structure, including debt financing and equity offerings, to fund acquisitions and operations.

These strategies and more are further discussed in Mission Statement, Vision, & Core Values of Medalist Diversified REIT, Inc. (MDRR).

[Company's] Strategic Advantages

Medalist Diversified REIT possesses several strategic advantages that contribute to its market success:

• Focus on the Southeastern U.S.: Concentrating on a region with strong economic growth and demographic trends.
• Value-Add Approach: Targeting properties with the potential for increased value through strategic improvements and management.
• Diversified Portfolio: Investing in a mix of property types to mitigate risk and capitalize on different market opportunities.
• Experienced Management Team: Leveraging the expertise of its management team in real estate investment and operations.

Medalist Diversified REIT, Inc. (MDRR) How It Makes Money

Medalist Diversified REIT primarily generates revenue through the ownership and operation of commercial real estate properties.

Medalist Diversified REIT, Inc.'s Revenue Breakdown

Medalist Diversified REIT, Inc.'s Business Economics

Medalist Diversified REIT's business economics are driven by several key factors:

• Property Portfolio: The REIT focuses on owning and managing a diversified portfolio of income-producing properties, primarily in the Southeastern United States.
• Rental Rates and Occupancy: Revenue is heavily dependent on the rental rates they can charge and the occupancy rates of their properties. Higher occupancy and rental rates translate directly into increased revenue.
• Expense Management: Efficient management of operating expenses, property taxes, and maintenance costs is crucial for maintaining profitability.
• Financing Costs: Interest expenses on debt used to finance property acquisitions significantly impact the bottom line. Managing debt levels and interest rates is essential.
• Market Conditions: Overall economic conditions and the strength of the real estate market in their target regions play a significant role in their financial performance.

Medalist Diversified REIT, Inc.'s Financial Performance

Key aspects of Medalist Diversified REIT's financial performance include:

• Revenue: For the fiscal year 2024, the company reported total revenue of approximately $12.6 million.
• Net Loss: The company experienced a net loss of around $11.5 million for the same period.
• Occupancy Rate: As of December 31, 2024, the portfolio's occupancy rate was approximately 79.7%.
• Debt: As of December 31, 2024, the company had total debt outstanding of approximately $63.5 million.
• Funds From Operations (FFO): FFO, a key metric for REITs, was negative $2.7 million for the year ended December 31, 2024.

For more in-depth information about Medalist Diversified REIT, Inc. and its investors, check out this related article: Exploring Medalist Diversified REIT, Inc. (MDRR) Investor Profile: Who’s Buying and Why?

Medalist Diversified REIT, Inc. (MDRR) Market Position & Future Outlook

Medalist Diversified REIT faces a challenging market position, with a focus on maximizing the value of its existing assets amid ongoing financial restructuring. Its future outlook hinges on successful execution of its strategic initiatives and navigating the complexities of the real estate market.

Competitive Landscape

Opportunities & Challenges

Industry Position

Medalist Diversified REIT's industry position is currently defined by its efforts to stabilize its financial situation and optimize its existing portfolio. Key aspects of its position include:

• Asset Management: Focusing on improving the performance of current properties through targeted investments and tenant improvements.
• Financial Restructuring: Actively working to manage its debt and improve its balance sheet.
• Market Focus: Targeting specific markets where it believes it can achieve higher returns and occupancy rates.

To gain more insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Medalist Diversified REIT, Inc. (MDRR).