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Medalist Diversified REIT (MDRR) Financials

Medalist Diversified REIT logo
$11.98 +0.38 (+3.26%)
Closing price 03:58 PM Eastern
Extended Trading
$11.84 -0.13 (-1.11%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Medalist Diversified REIT

Annual Income Statements for Medalist Diversified REIT

This table shows Medalist Diversified REIT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -2.74 -3.02 -8.18 -4.36 -4.77 -4.57 0.03 -2.39
Consolidated Net Income / (Loss)		 -2.99 -3.80 -9.58 -4.36 -4.73 -4.57 0.74 -1.94
Net Income / (Loss) Continuing Operations		 -2.99 -3.80 -9.58 -4.36 -4.73 -4.89 0.74 -1.93
Total Pre-Tax Income 		-2.94 -3.80 -9.58 -4.72 -4.97 -4.54 0.71 -2.07
Total Operating Income		 -1.06 -1.25 -5.74 0.81 -1.41 -1.00 3.73 0.55
Total Gross Profit		 6.59 3.92 3.52 11 11 7.29 9.70 10
Total Revenue		 6.59 8.28 9.28 11 11 10 9.74 10
Operating Revenue		 6.59 8.28 9.28 11 11 10 9.74 10
Total Cost of Revenue		 0.00 4.36 5.76 0.04 0.05 2.98 0.04 0.00
Other Cost of Revenue		 - 0.01 1.00 0.04 0.05 0.06 0.04 0.00
Total Operating Expenses		 7.65 5.17 9.26 11 12 8.61 5.91 9.41
Selling, General & Admin Expense		 0.12 0.26 0.30 0.65 0.68 0.48 0.97 1.28
Depreciation Expense		 2.04 2.77 3.98 3.51 4.71 4.57 3.92 3.35
Other Operating Expenses / (Income)		 5.30 1.15 1.26 6.58 6.04 1.39 3.80 4.77
Impairment Charge		 0.19 0.00 3.72 0.00 0.21 0.09 0.00 0.74
Other Special Charges / (Income)		 0.00 0.98 - -0.12 0.42 0.00 -2.77 -0.73
Total Other Income / (Expense), net		 -1.87 -2.56 -3.84 -5.53 -3.94 -3.58 -3.13 -2.91
Interest Expense		 1.92 2.47 3.96 5.53 3.94 3.54 3.07 3.05
Other Income / (Expense), net		 0.04 -0.08 0.12 - 0.00 -0.04 -0.06 0.14
Preferred Stock Dividends Declared		 - - - - - 0.00 - 0.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.25 -0.79 -1.40 0.01 0.04 -0.00 0.72 0.45
Basic Earnings per Share		 ($1.39) ($0.82) ($1.74) ($0.33) ($2.23) ($4.12) $0.02 ($1.90)
Weighted Average Basic Shares Outstanding		 1.97M 3.68M 4.71M 13.09M 2.14M 1.11M 1.13M 1.26M
Diluted Earnings per Share		 ($1.39) ($0.82) ($1.74) ($0.33) ($2.23) ($4.12) $0.03 ($1.90)
Weighted Average Diluted Shares Outstanding		 1.97M 3.68M 4.71M 13.09M 2.14M 1.11M 1.13M 1.26M
Weighted Average Basic & Diluted Shares Outstanding		 1.97M 3.68M 4.71M 13.09M 17.76M 2.24M 1.36M 1.43M
Cash Dividends to Common per Share		 $0.53 $0.53 $0.13 $0.04 $0.56 $0.32 $0.17 $0.27

Quarterly Income Statements for Medalist Diversified REIT

This table shows Medalist Diversified REIT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.95 -0.52 1.36 -0.52 -0.53 -0.28 -1.01 -0.46 -0.40 -0.53 8.97
Consolidated Net Income / (Loss)		 -1.95 -0.53 1.93 -0.50 -0.52 -0.17 -1.03 -0.33 -0.17 -0.41 14
Net Income / (Loss) Continuing Operations		 -2.03 -0.69 1.84 -0.50 -0.52 -0.08 -1.03 -0.33 -0.17 -0.40 14
Total Pre-Tax Income 		-1.97 -0.44 1.89 -0.52 -0.53 -0.12 -1.03 -0.32 -0.35 -0.38 12
Total Operating Income		 -1.07 0.48 2.76 0.22 0.30 0.45 -0.55 0.24 0.44 0.42 12
Total Gross Profit		 1.85 1.28 1.89 1.71 1.78 4.32 2.32 1.88 2.03 4.16 2.16
Total Revenue		 2.59 2.71 2.57 2.30 2.34 2.53 2.32 2.47 2.79 2.82 2.16
Operating Revenue		 2.59 2.71 2.57 2.30 2.34 2.53 2.32 2.47 2.79 2.82 2.16
Total Cost of Revenue		 0.73 1.42 0.68 0.60 0.56 -1.80 0.00 0.58 0.76 -1.34 0.00
Other Cost of Revenue		 0.01 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 3.00 0.96 -0.84 1.49 1.47 3.78 2.87 1.61 1.59 3.33 -11
Selling, General & Admin Expense		 0.16 0.12 0.30 0.21 0.24 0.22 0.35 0.36 0.27 0.30 0.35
Depreciation Expense		 1.15 1.11 1.01 0.99 0.97 0.94 0.97 0.93 0.77 0.68 0.49
Other Operating Expenses / (Income)		 0.24 -0.53 0.67 0.29 0.26 2.58 1.48 0.32 0.43 2.54 1.50
Impairment Charge		 0.00 0.04 0.00 0.00 0.00 0.00 0.06 0.01 0.12 0.55 0.00
Other Special Charges / (Income)		 0.00 - -2.82 0.00 0.00 0.05 0.01 0.00 0.00 -0.74 -13
Total Other Income / (Expense), net		 -0.88 -1.00 -0.88 -0.73 -0.84 -0.68 -0.47 -0.60 -0.79 -1.05 -0.62
Interest Expense		 0.90 0.93 0.93 0.72 0.73 0.69 0.57 0.59 0.77 1.12 0.83
Other Income / (Expense), net		 0.02 -0.08 0.04 -0.01 -0.11 0.01 0.10 -0.01 -0.02 0.07 0.20
Income Tax Expense		 - - - - - - 0.00 - - - -2.08
Preferred Stock Dividends Declared		 - - 0.00 0.00 0.00 - - 0.00 0.00 - 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.01 0.58 0.02 0.01 0.11 -0.02 0.13 0.23 0.12 5.16
Basic Earnings per Share		 ($1.76) ($0.47) $1.22 ($0.47) ($0.47) ($0.25) ($0.74) ($0.34) ($0.33) ($0.42) $7.01
Weighted Average Basic Shares Outstanding		 1.11M 1.11M 1.12M 1.12M 1.12M 1.13M 1.36M 1.35M 1.21M 1.26M 1.28M
Diluted Earnings per Share		 ($1.76) ($0.47) $1.21 ($0.47) ($0.47) ($0.25) ($0.74) ($0.34) ($0.33) ($0.42) $4.85
Weighted Average Diluted Shares Outstanding		 1.11M 1.11M 1.12M 1.12M 1.12M 1.13M 1.36M 1.35M 1.21M 1.26M 1.85M
Weighted Average Basic & Diluted Shares Outstanding		 2.22M 2.24M 2.24M 1.12M 1.12M 1.36M 1.35M 1.35M 1.11M 1.43M 1.63M
Cash Dividends to Common per Share		 $0.00 $0.01 $0.02 $0.04 $0.05 $0.10 $0.07 $0.07 $0.07 $0.13 $0.07

Annual Cash Flow Statements for Medalist Diversified REIT

This table details how cash moves in and out of Medalist Diversified REIT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.83 -2.05 3.02 2.29 -1.72 -1.85 2.26 -1.94
Net Cash From Operating Activities		 -0.42 0.81 -1.68 0.83 1.19 0.10 1.80 1.53
Net Cash From Continuing Operating Activities		 -0.42 0.81 -1.68 0.83 1.19 0.10 1.80 1.53
Net Income / (Loss) Continuing Operations		 -2.99 -3.80 -9.58 -4.36 -4.73 -4.57 0.74 -1.94
Consolidated Net Income / (Loss)		 -2.99 -3.80 -9.58 -4.36 -4.73 -4.57 0.74 -1.94
Depreciation Expense		 1.46 2.03 3.07 2.42 3.38 3.68 3.30 2.90
Amortization Expense		 0.90 1.07 1.48 3.10 1.43 0.97 0.71 0.40
Non-Cash Adjustments To Reconcile Net Income		 0.77 0.85 4.38 -0.31 1.40 0.05 -2.54 0.68
Changes in Operating Assets and Liabilities, net		 -0.56 0.66 -1.04 -0.01 -0.29 -0.03 -0.42 -0.52
Net Cash From Investing Activities		 -5.42 -35 -0.41 -19 -9.32 -1.48 2.06 -6.98
Net Cash From Continuing Investing Activities		 -5.42 -35 -0.41 -19 -9.32 -1.48 2.06 -6.98
Purchase of Property, Plant & Equipment		 -0.99 -2.14 -0.41 -0.54 -1.02 -1.48 -0.90 -1.45
Acquisitions		 - - - -21 -10 0.00 -0.15 -15
Other Investing Activities, net		 -4.44 -33 0.00 2.14 1.98 0.00 3.11 9.19
Net Cash From Financing Activities		 6.67 32 5.12 21 6.40 -0.47 -1.60 3.51
Net Cash From Continuing Financing Activities		 6.67 32 5.12 21 6.40 -0.47 -1.60 3.51
Repayment of Debt		 -2.30 -0.18 -3.54 -15 -12 -1.09 -1.96 -16
Repurchase of Preferred Equity		 - - - - - 0.00 -3.50 -1.50
Repurchase of Common Equity		 - - - 0.00 -0.29 0.00 -0.03 -0.38
Payment of Dividends		 -1.21 -2.44 -0.92 -1.15 -1.31 -0.38 -0.88 -0.60
Issuance of Debt		 0.25 26 5.72 26 18 1.00 0.00 22
Issuance of Common Equity		 9.94 8.43 0.00 11 1.54 0.00 2.85 0.00
Other Financing Activities, net		 - - - - 0.00 -0.00 1.92 0.00

Quarterly Cash Flow Statements for Medalist Diversified REIT

This table details how cash moves in and out of Medalist Diversified REIT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.06 -0.94 1.33 0.33 -0.50 1.10 -1.83 -0.60 0.16 0.33 5.30
Net Cash From Operating Activities		 -0.45 -0.31 0.49 0.78 0.14 0.39 0.46 0.24 1.57 -0.74 -0.51
Net Cash From Continuing Operating Activities		 -0.45 -0.31 0.49 0.78 0.14 0.39 0.46 0.24 1.57 -0.74 -0.51
Net Income / (Loss) Continuing Operations		 -1.95 -0.53 1.93 -0.50 -0.52 -0.17 -1.03 -0.39 -0.17 -0.35 14
Consolidated Net Income / (Loss)		 -1.95 -0.53 1.93 -0.50 -0.52 -0.17 -1.03 -0.39 -0.17 -0.35 14
Depreciation Expense		 0.93 0.91 0.84 0.83 0.83 0.80 0.83 0.81 0.67 0.60 0.42
Amortization Expense		 0.24 0.23 0.20 0.19 0.17 0.16 0.12 0.11 0.09 0.08 0.06
Non-Cash Adjustments To Reconcile Net Income		 -0.00 0.04 -2.48 -0.04 -0.00 -0.02 0.41 0.03 0.03 0.22 -12
Changes in Operating Assets and Liabilities, net		 0.33 -0.96 0.00 0.29 -0.34 -0.38 0.13 -0.31 0.94 -1.29 -2.66
Net Cash From Investing Activities		 -0.40 -0.34 2.74 -0.13 -0.30 -0.24 -0.23 -0.48 -15 8.98 4.65
Net Cash From Continuing Investing Activities		 -0.40 -0.34 2.74 -0.13 -0.30 -0.24 -0.23 -0.48 -15 8.98 4.65
Purchase of Property, Plant & Equipment		 -0.40 -0.34 -0.23 -0.13 -0.30 -0.24 -0.14 -0.43 -0.57 -0.32 -0.12
Acquisitions		 - - -0.15 - - - -0.09 - -15 - 0.00
Purchase of Investments		 - - - - - - 0.00 - - - -12
Other Investing Activities, net		 - - 3.11 - - - 0.00 -0.06 -0.06 9.31 17
Net Cash From Financing Activities		 0.79 -0.29 -1.90 -0.32 -0.33 0.96 -2.07 -0.36 14 -7.91 1.16
Net Cash From Continuing Financing Activities		 0.79 -0.29 -1.90 -0.32 -0.33 0.96 -2.07 -0.36 14 -7.91 1.16
Repayment of Debt		 -0.21 -0.28 -1.33 -0.20 -0.22 -0.20 -0.27 -0.23 -0.31 -15 -0.23
Repurchase of Preferred Equity		 - - 0.00 - - -3.50 -1.50 - - - 0.00
Repurchase of Common Equity		 - - 0.00 - -0.03 - -0.17 0.03 - -0.24 0.00
Payment of Dividends		 - -0.01 -0.57 -0.11 -0.08 -0.12 -0.12 -0.16 -0.16 -0.16 -0.72
Issuance of Debt		 - - - - - - 0.00 - 14 7.51 0.00
Issuance of Common Equity		 - - 0.00 - - 2.85 0.00 - - - 2.11

Annual Balance Sheets for Medalist Diversified REIT

This table presents Medalist Diversified REIT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 53 83 79 93 88 83 75 78
Total Current Assets		 1.33 2.53 5.77 19 7.09 15 7.52 34
Cash & Equivalents		 1.33 0.61 2.86 4.37 3.92 2.23 4.78 2.63
Restricted Cash		 - 1.46 2.23 3.01 1.74 1.58 1.30 1.50
Short-Term Investments		 - - - - - - - 0.00
Accounts Receivable		 - 0.46 0.67 1.34 1.42 1.40 1.45 1.66
Other Current Nonoperating Assets		 - - - 9.85 0.00 9.71 0.00 28
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 77 0.00 0.00 0.00
Total Noncurrent Assets		 52 81 74 74 4.31 68 68 44
Intangible Assets		 2.59 4.46 3.26 4.20 3.75 2.72 2.19 1.55
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - 0.00
Other Noncurrent Operating Assets		 49 76 70 70 0.56 65 65 42
Total Liabilities & Shareholders' Equity		 53 83 79 93 88 83 75 78
Total Liabilities		 35 62 68 70 69 69 54 54
Total Current Liabilities		 0.83 2.42 1.31 1.31 1.20 2.10 1.19 1.01
Accounts Payable		 0.83 1.57 1.31 1.31 1.20 1.10 1.19 1.01
Total Noncurrent Liabilities		 34 60 66 68 68 67 53 53
Long-Term Debt		 33 57 51 55 61 51 50 33
Other Noncurrent Operating Liabilities		 0.44 3.27 5.37 6.11 6.68 6.56 2.91 0.78
Other Noncurrent Nonoperating Liabilities		 - 0.00 10 7.62 - 9.59 0.00 19
Total Equity & Noncontrolling Interests		 19 21 12 23 19 14 21 24
Total Preferred & Common Equity		 15 18 11 21 17 12 15 9.43
Total Common Equity		 15 18 11 21 17 12 15 9.43
Common Stock		 22 32 33 50 52 52 54 52
Retained Earnings		 -5.23 -11 -19 -25 -31 -36 -36 -39
Other Equity Adjustments		 -1.84 -2.99 -2.99 -3.35 -3.35 -3.35 -3.40 -3.78
Noncontrolling Interest		 3.57 2.65 0.85 1.52 1.44 1.41 5.97 15

Quarterly Balance Sheets for Medalist Diversified REIT

This table presents Medalist Diversified REIT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 84 76 75 75 78 78 92 69
Total Current Assets		 5.94 6.39 6.64 6.26 6.05 14 36 38
Cash & Equivalents		 3.02 3.64 3.83 3.12 2.74 1.95 1.89 8.60
Restricted Cash		 1.73 1.50 1.64 1.85 1.49 1.69 1.92 0.83
Short-Term Investments		 - - - - - - - 12
Accounts Receivable		 1.19 1.25 1.18 1.29 1.41 1.33 1.35 0.94
Other Current Nonoperating Assets		 - 0.00 0.00 0.00 0.40 9.43 31 15
Plant, Property, & Equipment, net		 0.00 66 66 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 78 3.29 3.00 68 72 63 56 31
Intangible Assets		 2.96 2.77 2.60 2.45 2.54 1.98 1.92 1.60
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - 2.55
Other Noncurrent Operating Assets		 76 0.51 0.40 66 70 61 54 27
Total Liabilities & Shareholders' Equity		 84 76 75 75 78 78 92 69
Total Liabilities		 70 58 58 58 52 52 67 29
Total Current Liabilities		 2.96 1.03 1.10 1.29 1.21 1.39 1.70 1.12
Accounts Payable		 1.96 1.03 1.10 1.29 1.21 1.39 1.70 1.12
Total Noncurrent Liabilities		 67 57 57 57 51 51 65 28
Long-Term Debt		 61 51 50 50 50 44 38 19
Other Noncurrent Operating Liabilities		 6.58 6.64 6.63 6.63 1.42 0.90 0.86 0.75
Other Noncurrent Nonoperating Liabilities		 - - - - - 6.55 27 7.96
Total Equity & Noncontrolling Interests		 14 18 17 16 26 25 25 40
Total Preferred & Common Equity		 13 14 13 13 14 13 10 22
Total Common Equity		 13 14 13 13 14 13 10 22
Common Stock		 52 52 52 52 55 55 52 56
Retained Earnings		 -35 -35 -35 -36 -37 -38 -38 -30
Other Equity Adjustments		 -3.35 -3.35 -3.35 -3.35 -3.47 -3.40 -3.40 -3.78
Noncontrolling Interest		 1.43 3.97 3.92 3.91 12 12 15 18

Annual Metrics And Ratios for Medalist Diversified REIT

This table displays calculated financial ratios and metrics derived from Medalist Diversified REIT's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 4,500,144.00 4,797,968.00 16,266,148.00 17,439,947.00 2,218,810.00 1,115,260.00 1,112,405.00
DEI Adjusted Shares Outstanding		 0.00 2,812,590.00 2,998,730.00 10,166,343.00 10,899,967.00 11,094,050.00 1,115,260.00 1,112,405.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -1.07 -2.73 -0.43 -0.44 -0.41 0.02 -2.15
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 25.61% 12.07% 23.68% -3.32% -7.38% -5.23% 6.79%
EBITDA Growth		 0.00% 32.15% -160.55% 691.28% -46.30% 6.46% 112.52% -48.07%
EBIT Growth		 0.00% -30.47% -322.03% 114.49% -273.56% 26.96% 455.97% -81.37%
NOPAT Growth		 0.00% -17.22% -359.97% 114.19% -273.56% 29.46% 634.60% -89.72%
Net Income Growth		 0.00% -27.19% -151.85% 54.51% -8.58% 3.36% 116.28% -360.07%
EPS Growth		 0.00% 41.01% -112.20% 81.03% -8.58% 3.36% 100.73% -6,433.33%
Operating Cash Flow Growth		 0.00% 291.52% -309.13% 149.42% 43.48% -91.29% 1,626.84% -14.78%
Free Cash Flow Firm Growth		 0.00% 0.00% 118.05% -96.58% -4,625.68% 262.20% -96.89% 5,693.92%
Invested Capital Growth		 0.00% 51.12% -11.58% 0.60% 9.53% -17.20% 5.45% -32.99%
Revenue Q/Q Growth		 0.00% 42.20% -7.53% 3.81% -0.30% -0.42% -1.83% 2.95%
EBITDA Q/Q Growth		 0.00% 714.51% -142.50% 128.50% -9.36% 16.90% -1.72% -5.84%
EBIT Q/Q Growth		 0.00% 44.72% -186.84% 129.85% -33.08% 36.13% 1.41% 4.60%
NOPAT Q/Q Growth		 0.00% 45.31% -193.49% 126.83% -33.08% 38.31% -0.97% -5.26%
Net Income Q/Q Growth		 0.00% 25.59% -67.87% 48.32% -10.91% 9.29% 93.34% -14.09%
EPS Q/Q Growth		 0.00% 42.25% -58.18% 28.26% -10.91% 9.29% 115.79% -7.95%
Operating Cash Flow Q/Q Growth		 0.00% 263.84% -171.98% 77.52% -35.90% 264.44% 63.38% -42.39%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 418.66% 110.61% -448.92% 521.78% -97.15% 209.06%
Invested Capital Q/Q Growth		 0.00% 3.11% -9.00% -7.74% 0.21% -13.44% 5.20% -20.99%
Profitability Metrics		 - - - - - - - -
Gross Margin		 100.00% 47.38% 37.91% 99.66% 99.58% 70.97% 99.59% 99.98%
EBITDA Margin		 20.29% 21.34% -11.53% 55.13% 30.63% 35.20% 78.95% 38.39%
Operating Margin		 -16.16% -15.08% -61.90% 7.10% -12.75% -9.71% 38.33% 5.27%
EBIT Margin		 -15.49% -16.09% -60.60% 7.10% -12.75% -10.05% 37.75% 6.59%
Profit (Net Income) Margin		 -45.39% -45.96% -103.29% -37.99% -42.67% -44.52% 7.65% -18.62%
Tax Burden Percent		 101.81% 100.00% 100.00% 92.34% 95.24% 100.78% 104.57% 93.40%
Interest Burden Percent		 287.81% 285.65% 170.46% -579.46% 351.49% 439.54% 19.37% -302.72%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -1.48% -1.38% -5.59% 0.84% -1.39% -1.03% 5.90% 0.71%
ROIC Less NNEP Spread (ROIC-NNEP)		 -8.51% -8.08% -15.59% -8.95% -8.83% -8.51% -0.61% -6.62%
Return on Net Nonoperating Assets (RNNOA)		 -14.60% -17.91% -53.26% -25.96% -21.31% -27.18% -1.61% -9.29%
Return on Equity (ROE)		 -16.08% -19.28% -58.85% -25.11% -22.70% -28.21% 4.29% -8.58%
Cash Return on Invested Capital (CROIC)		 0.00% -42.09% 6.70% 0.24% -10.48% 17.80% 0.60% 40.22%
Operating Return on Assets (OROA)		 -1.92% -1.95% -6.92% 0.95% -1.57% -1.21% 4.66% 0.90%
Return on Assets (ROA)		 -5.63% -5.58% -11.79% -5.07% -5.24% -5.36% 0.94% -2.53%
Return on Common Equity (ROCE)		 -12.99% -16.24% -52.52% -23.40% -21.09% -25.73% 3.38% -4.65%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.75 -0.87 -4.02 0.57 -0.99 -0.70 3.73 0.38
NOPAT Margin		 -11.31% -10.56% -43.33% 4.97% -8.92% -6.79% 38.33% 3.69%
Net Nonoperating Expense Percent (NNEP)		 7.04% 6.71% 10.00% 9.79% 7.44% 7.49% 6.51% 7.33%
Return On Investment Capital (ROIC_SIMPLE)		 -1.44% -1.11% -6.46% 0.74% -1.24% -1.07% 5.26% 0.67%
Cost of Revenue to Revenue		 0.00% 52.62% 62.09% 0.34% 0.42% 29.03% 0.41% 0.02%
SG&A Expenses to Revenue		 1.82% 3.16% 3.24% 5.70% 6.17% 4.71% 9.95% 12.34%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 116.16% 62.46% 99.81% 92.56% 108.81% 83.78% 60.73% 90.47%
Earnings before Interest and Taxes (EBIT)		 -1.02 -1.33 -5.62 0.81 -1.41 -1.03 3.68 0.68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.34 1.77 -1.07 6.33 3.40 3.62 7.69 3.99
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.15 0.70 0.81 0.79 0.66 0.90 0.95 1.43
Price to Tangible Book Value (P/TBV)		 0.19 0.92 1.15 0.98 0.84 1.16 1.12 1.72
Price to Revenue (P/Rev)		 0.35 1.53 0.94 1.47 1.02 1.08 1.47 1.30
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 521.23 0.00
Dividend Yield		 2.90% 0.00% 35.60% 3.85% 10.75% 0.00% 0.86% 2.16%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.75 0.93 0.82 0.97 0.92 0.98 0.99 1.31
Enterprise Value to Revenue (EV/Rev)		 5.74 8.55 5.93 5.71 6.17 5.89 6.60 5.47
Enterprise Value to EBITDA (EV/EBITDA)		 28.27 40.07 0.00 10.36 20.16 16.72 8.36 14.26
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 80.47 0.00 0.00 17.48 83.12
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 114.96 0.00 0.00 17.22 148.37
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 87.87 0.00 78.72 57.32 581.41 35.77 37.17
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 11.42 397.73 0.00 5.00 170.71 2.61
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 1.79 2.76 4.32 2.37 3.28 3.77 2.38 1.36
Long-Term Debt to Equity		 1.79 2.72 4.32 2.37 3.28 3.70 2.38 1.36
Financial Leverage		 1.72 2.21 3.42 2.90 2.41 3.19 2.64 1.40
Leverage Ratio		 2.85 3.46 4.99 4.95 4.33 5.26 4.54 3.39
Compound Leverage Factor		 8.22 9.87 8.51 -28.69 15.21 23.14 0.88 -10.26
Debt to Total Capital		 64.11% 73.40% 81.19% 70.33% 76.64% 79.04% 70.42% 57.65%
Short-Term Debt to Total Capital		 0.00% 1.09% 0.00% 0.00% 0.00% 1.53% 0.00% 0.00%
Long-Term Debt to Total Capital		 64.11% 72.32% 81.19% 70.33% 76.64% 77.51% 70.42% 57.65%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.88% 3.39% 1.36% 1.97% 1.80% 2.15% 8.41% 25.79%
Common Equity to Total Capital		 29.00% 23.21% 17.45% 27.70% 21.56% 18.81% 21.17% 16.56%
Debt to EBITDA		 24.86 32.58 -47.24 8.62 18.06 14.32 6.51 8.23
Net Debt to EBITDA		 23.87 31.40 -42.47 7.45 16.39 13.26 5.72 7.19
Long-Term Debt to EBITDA		 24.86 32.09 -47.24 8.62 18.06 14.04 6.51 8.23
Debt to NOPAT		 -44.59 -65.86 -12.57 95.62 -61.99 -74.17 13.40 85.60
Net Debt to NOPAT		 -42.81 -63.49 -11.30 82.67 -56.27 -68.71 11.77 74.82
Long-Term Debt to NOPAT		 -44.59 -64.89 -12.57 95.62 -61.99 -72.74 13.40 85.60
Altman Z-Score		 -0.03 -0.01 -0.31 0.14 -0.24 -0.24 -0.12 0.13
Noncontrolling Interest Sharing Ratio		 19.18% 15.77% 10.75% 6.84% 7.11% 8.79% 21.25% 45.78%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 1.61 1.05 4.41 14.20 5.92 7.12 6.34 33.71
Quick Ratio		 1.61 0.44 2.70 4.37 4.46 1.74 5.25 4.24
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -27 4.82 0.16 -7.46 12 0.38 22
Operating Cash Flow to CapEx		 -42.64% 37.73% -406.63% 155.14% 117.20% 7.01% 199.04% 105.30%
Free Cash Flow to Firm to Interest Expense		 0.00 -10.80 1.22 0.03 -1.89 3.42 0.12 7.15
Operating Cash Flow to Interest Expense		 -0.22 0.33 -0.43 0.15 0.30 0.03 0.58 0.50
Operating Cash Flow Less CapEx to Interest Expense		 -0.73 -0.54 -0.53 0.05 0.04 -0.39 0.29 0.03
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.12 0.12 0.11 0.13 0.12 0.12 0.12 0.14
Accounts Receivable Turnover		 0.00 0.00 16.35 11.40 8.03 7.27 6.84 6.70
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 3.64 4.01 0.03 0.04 2.60 0.04 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 22.32 32.01 45.46 50.22 53.39 54.52
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 100.21 91.04 12,230.80 9,742.23 140.31 10,429.88 168,351.81
Cash Conversion Cycle (CCC)		 0.00 -100.21 -68.72 -12,198.79 -9,696.77 -90.09 -10,376.49 -168,297.29
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 51 76 67 68 74 62 65 44
Invested Capital Turnover		 0.13 0.13 0.13 0.17 0.16 0.15 0.15 0.19
Increase / (Decrease) in Invested Capital		 0.00 26 -8.84 0.41 6.47 -13 3.36 -21
Enterprise Value (EV)		 38 71 55 66 68 60 64 57
Market Capitalization		 2.32 13 8.76 17 11 11 14 14
Book Value per Share		 $7.64 $4.04 $2.26 $1.32 $0.99 $5.55 $13.48 $8.48
Tangible Book Value per Share		 $6.33 $3.05 $1.59 $1.06 $0.77 $4.33 $11.52 $7.08
Total Capital		 52 78 62 78 80 66 71 57
Total Debt		 33 58 51 55 61 52 50 33
Total Long-Term Debt		 33 57 51 55 61 51 50 33
Net Debt		 32 55 45 47 56 48 44 29
Capital Expenditures (CapEx)		 0.99 2.14 0.41 0.54 1.02 1.48 0.90 1.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.83 -1.10 -0.63 9.88 0.23 10 0.26 29
Debt-free Net Working Capital (DFNWC)		 0.50 0.97 4.46 17 5.89 14 6.33 33
Net Working Capital (NWC)		 0.50 0.12 4.46 17 5.89 13 6.33 33
Net Nonoperating Expense (NNE)		 2.25 2.93 5.56 4.93 3.74 3.88 2.99 2.32
Net Nonoperating Obligations (NNO)		 32 55 56 45 56 48 44 19
Total Depreciation and Amortization (D&A)		 2.36 3.10 4.55 5.51 4.81 4.65 4.01 3.31
Debt-free, Cash-free Net Working Capital to Revenue		 -12.54% -13.34% -6.84% 86.10% 2.04% 97.49% 2.67% 278.44%
Debt-free Net Working Capital to Revenue		 7.60% 11.69% 48.11% 150.46% 53.10% 134.57% 65.05% 318.21%
Net Working Capital to Revenue		 7.60% 1.40% 48.11% 150.46% 53.10% 124.84% 65.05% 318.21%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.22) ($1.31) ($2.78) ($0.53) ($0.45) ($0.41) $0.02 ($1.90)
Adjusted Weighted Average Basic Shares Outstanding		 1.23M 2.30M 3.99M 8.18M 10.70M 11.10M 1.13M 1.26M
Adjusted Diluted Earnings per Share		 ($2.22) ($1.31) ($2.78) ($0.53) ($0.45) ($0.41) $0.02 ($1.90)
Adjusted Weighted Average Diluted Shares Outstanding		 1.23M 2.30M 3.99M 8.18M 10.70M 11.10M 1.13M 1.26M
Adjusted Basic & Diluted Earnings per Share		 ($2.22) ($1.31) ($2.78) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.23M 2.30M 2.94M 8.18M 11.10M 11.18M 1.36M 1.43M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.61 -0.19 -1.42 0.48 -0.55 0.81 0.67 0.39
Normalized NOPAT Margin		 -9.28% -2.24% -15.28% 4.21% -4.92% 7.90% 6.90% 3.72%
Pre Tax Income Margin		 -44.58% -45.96% -103.29% -41.14% -44.80% -44.18% 7.31% -19.93%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 -0.53 -0.54 -1.42 0.15 -0.36 -0.29 1.20 0.22
NOPAT to Interest Expense		 -0.39 -0.35 -1.01 0.10 -0.25 -0.20 1.21 0.13
EBIT Less CapEx to Interest Expense		 -1.05 -1.40 -1.52 0.05 -0.62 -0.71 0.90 -0.25
NOPAT Less CapEx to Interest Expense		 -0.90 -1.22 -1.12 0.01 -0.51 -0.62 0.92 -0.35
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 -40.58% -64.03% -9.58% -26.42% -27.67% -8.39% 118.26% -31.11%
Augmented Payout Ratio		 -40.58% -64.03% -9.58% -26.42% -33.72% -8.39% 122.62% -50.77%

Quarterly Metrics And Ratios for Medalist Diversified REIT

This table displays calculated financial ratios and metrics derived from Medalist Diversified REIT's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 2,218,810.00 2,218,810.00 2,236,631.00 2,236,631.00 1,118,090.00 1,115,260.00 1,362,690.00 1,352,409.00 1,345,260.00 1,112,405.00 1,428,500.00
DEI Adjusted Shares Outstanding		 11,094,050.00 11,094,050.00 11,183,155.00 11,183,155.00 1,118,090.00 1,115,260.00 1,362,690.00 1,352,409.00 1,345,260.00 1,112,405.00 1,428,500.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.18 -0.05 0.12 -0.05 -0.47 -0.25 -0.74 -0.34 -0.29 -0.48 6.28
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.88% -1.57% 4.50% -8.54% -9.73% -6.72% -9.72% 7.13% 19.23% 11.81% -6.99%
EBITDA Growth		 -63.88% 45.13% 387.78% 6.44% 843.85% -8.70% -87.19% -6.33% -1.32% -17.52% 2,533.57%
EBIT Growth		 -18.71% 402.50% 838.25% 1,646.03% 118.94% 12.53% -116.15% 9.16% 112.87% 6.56% 2,854.15%
NOPAT Growth		 -21.04% 459.41% 1,259.22% 390.58% 128.43% -7.58% -113.99% 11.92% 45.58% -6.79% 3,827.92%
Net Income Growth		 -11.59% 46.86% 256.66% 42.14% 73.39% 67.63% -153.13% 33.59% 67.81% -139.01% 1,475.30%
EPS Growth		 -11.59% 46.86% 256.66% 42.14% 73.30% 46.81% -161.16% 27.66% 29.79% -68.00% 755.41%
Operating Cash Flow Growth		 -548.63% 34.93% 9.26% 88.90% 131.27% 223.61% -6.59% -68.65% 1,020.78% -292.42% -210.52%
Free Cash Flow Firm Growth		 289.14% 300.12% 317.46% 216.26% 313.23% -123.16% -163.16% -100.84% -27.73% 813.84% 779.17%
Invested Capital Growth		 -4.15% -17.20% -13.89% -14.07% -13.24% 5.45% 12.34% 0.41% -10.78% -32.99% -57.98%
Revenue Q/Q Growth		 2.90% 4.58% -5.01% -10.52% 1.55% 8.07% -8.07% 6.18% 13.02% 1.34% -23.53%
EBITDA Q/Q Growth		 -88.98% 1,118.89% 148.45% -68.10% -2.30% 17.91% -65.13% 133.22% 2.92% -1.44% 1,013.29%
EBIT Q/Q Growth		 -7,654.64% 138.98% 588.98% -92.58% -5.00% 131.59% -198.90% 150.16% 85.26% 15.94% 2,456.18%
NOPAT Q/Q Growth		 -1,336.52% 145.42% 715.19% -94.54% 40.55% 47.65% -223.39% 143.71% 82.82% -5.46% 4,834.73%
Net Income Q/Q Growth		 -125.82% 72.70% 463.81% -125.80% -3.87% 66.80% -497.19% 67.75% 49.65% -146.49% 3,536.30%
EPS Q/Q Growth		 -125.82% 72.70% 463.81% -125.80% 0.00% 46.81% -196.00% 54.05% 2.94% -27.27% 1,254.76%
Operating Cash Flow Q/Q Growth		 -208.52% 30.34% 258.04% 58.12% -82.03% 175.35% 19.42% -46.93% 542.21% -147.27% 31.41%
Free Cash Flow Firm Q/Q Growth		 -28.50% 463.61% -1.37% -20.43% -6.58% -131.59% -168.97% 98.94% 8,126.81% 212.00% 155.90%
Invested Capital Q/Q Growth		 -1.48% -13.44% 2.59% -1.77% -0.53% 5.20% 9.29% -12.20% -11.61% -20.99% -31.47%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 71.62% 47.45% 73.44% 74.11% 76.02% 171.25% 99.94% 76.29% 72.84% 147.46% 100.00%
EBITDA Margin		 4.91% 57.19% 149.57% 53.33% 51.30% 55.97% 21.23% 46.63% 42.46% 41.29% 601.15%
Operating Margin		 -41.21% 17.90% 107.51% 9.38% 12.98% 17.73% -23.80% 9.80% 15.85% 14.78% 569.45%
EBIT Margin		 -40.41% 15.06% 109.26% 9.06% 8.48% 18.17% -19.55% 9.24% 15.14% 17.32% 578.91%
Profit (Net Income) Margin		 -75.19% -19.63% 75.16% -21.67% -22.16% -6.81% -44.23% -13.43% -5.98% -14.56% 654.05%
Tax Burden Percent		 98.96% 119.73% 102.38% 96.09% 97.22% 138.15% 100.00% 104.36% 48.05% 107.80% 117.26%
Interest Burden Percent		 188.01% -108.82% 67.20% -248.82% -268.87% -27.12% 226.25% -139.38% -82.27% -77.96% 96.35%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -17.26%
Return on Invested Capital (ROIC)		 -4.09% 1.89% 16.35% 0.99% 1.36% 1.91% -2.36% 1.06% 1.92% 1.98% 135.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 -6.25% 0.21% 14.71% -0.29% -0.07% 0.85% -3.77% -0.16% 0.65% -0.24% 133.93%
Return on Net Nonoperating Assets (RNNOA)		 -20.53% 0.68% 42.70% -0.89% -0.25% 2.25% -7.84% -0.30% 1.19% -0.33% 71.42%
Return on Equity (ROE)		 -24.63% 2.57% 59.05% 0.11% 1.11% 4.16% -10.19% 0.76% 3.11% 1.65% 207.03%
Cash Return on Invested Capital (CROIC)		 2.68% 17.80% 17.09% 17.63% 19.85% 0.60% -11.19% 0.08% 12.08% 40.22% 108.24%
Operating Return on Assets (OROA)		 -4.78% 1.81% 13.96% 1.15% 1.06% 2.24% -2.40% 1.17% 1.83% 2.36% 80.52%
Return on Assets (ROA)		 -8.89% -2.36% 9.60% -2.74% -2.76% -0.84% -5.44% -1.70% -0.73% -1.98% 90.98%
Return on Common Equity (ROCE)		 -22.54% 2.34% 49.95% 0.09% 0.92% 3.28% -6.49% 0.48% 1.72% 0.90% 114.31%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.75 0.34 2.76 0.15 0.21 0.31 -0.39 0.17 0.31 0.29 14
NOPAT Margin		 -28.84% 12.53% 107.51% 6.56% 9.08% 12.41% -16.66% 6.86% 11.09% 10.35% 667.73%
Net Nonoperating Expense Percent (NNEP)		 2.15% 1.68% 1.64% 1.29% 1.43% 1.06% 1.41% 1.22% 1.26% 2.22% 1.69%
Return On Investment Capital (ROIC_SIMPLE)		 -0.98% 0.52% 4.05% 0.22% 0.32% 0.44% -0.51% 0.25% 0.49% 0.51% 24.40%
Cost of Revenue to Revenue		 28.38% 52.55% 26.56% 25.89% 23.98% -71.25% 0.06% 23.71% 27.16% -47.46% 0.00%
SG&A Expenses to Revenue		 6.28% 4.41% 11.54% 9.30% 10.19% 8.69% 15.22% 14.50% 9.65% 10.75% 16.13%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 115.99% 35.43% -32.65% 64.91% 63.04% 149.86% 123.74% 65.40% 56.99% 118.05% -486.70%
Earnings before Interest and Taxes (EBIT)		 -1.05 0.41 2.81 0.21 0.20 0.46 -0.45 0.23 0.42 0.49 13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.13 1.55 3.85 1.23 1.20 1.41 0.49 1.15 1.18 1.17 13
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 0.90 0.90 0.94 1.03 0.95 1.19 1.03 1.73 1.43 0.72
Price to Tangible Book Value (P/TBV)		 1.13 1.16 1.12 1.17 1.28 1.12 1.45 1.21 2.12 1.72 0.78
Price to Revenue (P/Rev)		 1.08 1.08 1.19 1.21 1.30 1.47 1.75 1.43 1.78 1.30 1.57
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 521.23 0.00 0.00 0.00 0.00 2.12
Dividend Yield		 0.00% 0.00% 1.63% 0.54% 0.47% 0.86% 0.00% 1.25% 1.84% 2.16% 2.40%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.00% 47.27%
Enterprise Value to Invested Capital (EV/IC)		 0.98 0.98 0.98 0.99 1.01 0.99 1.04 1.05 1.21 1.31 1.04
Enterprise Value to Revenue (EV/Rev)		 6.73 5.89 5.95 6.02 6.26 6.60 7.80 6.80 6.58 5.47 3.03
Enterprise Value to EBITDA (EV/EBITDA)		 22.45 16.72 9.25 9.07 7.94 8.36 17.07 15.42 15.68 14.26 1.88
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 28.62 25.72 17.13 17.48 179.66 152.23 101.57 83.12 2.27
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 41.84 36.47 16.48 17.22 255.06 212.92 164.22 148.37 2.31
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 581.41 423.73 119.53 56.47 35.77 41.94 53.36 25.02 37.17 55.07
Enterprise Value to Free Cash Flow (EV/FCFF)		 35.70 5.00 5.29 5.17 4.71 170.71 0.00 1,254.67 9.42 2.61 0.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 4.32 3.77 2.86 2.95 3.05 2.38 1.93 1.72 1.51 1.36 0.48
Long-Term Debt to Equity		 4.25 3.70 2.86 2.95 3.05 2.38 1.93 1.72 1.51 1.36 0.48
Financial Leverage		 3.29 3.19 2.90 3.03 3.32 2.64 2.08 1.93 1.82 1.40 0.53
Leverage Ratio		 5.15 5.26 4.64 4.82 5.17 4.54 3.54 3.60 4.02 3.39 2.24
Compound Leverage Factor		 9.68 -5.73 3.12 -11.99 -13.91 -1.23 8.01 -5.02 -3.31 -2.64 2.16
Debt to Total Capital		 81.20% 79.04% 74.07% 74.67% 75.30% 70.42% 65.81% 63.21% 60.15% 57.65% 32.49%
Short-Term Debt to Total Capital		 1.32% 1.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 79.88% 77.51% 74.07% 74.67% 75.30% 70.42% 65.81% 63.21% 60.15% 57.65% 32.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.88% 2.15% 5.81% 5.81% 5.86% 8.41% 15.68% 17.31% 23.30% 25.79% 29.76%
Common Equity to Total Capital		 16.93% 18.81% 20.12% 19.52% 18.83% 21.17% 18.51% 19.48% 16.55% 16.56% 37.75%
Debt to EBITDA		 19.92 14.32 7.58 7.47 6.42 6.51 11.48 10.23 8.90 8.23 1.16
Net Debt to EBITDA		 18.38 13.26 6.81 6.66 5.79 5.72 10.51 9.37 8.00 7.19 -0.16
Long-Term Debt to EBITDA		 19.59 14.04 7.58 7.47 6.42 6.51 11.48 10.23 8.90 8.23 1.16
Debt to NOPAT		 -54.45 -74.17 34.28 30.03 13.33 13.40 171.56 141.25 93.20 85.60 1.43
Net Debt to NOPAT		 -50.26 -68.71 30.80 26.78 12.01 11.77 156.94 129.44 83.81 74.82 -0.20
Long-Term Debt to NOPAT		 -53.57 -72.74 34.28 30.03 13.33 13.40 171.56 141.25 93.20 85.60 1.43
Altman Z-Score		 -0.37 -0.18 -0.17 -0.29 -0.31 -0.26 -0.30 -0.19 0.15 0.12 1.12
Noncontrolling Interest Sharing Ratio		 8.48% 8.79% 15.42% 16.05% 17.36% 21.25% 36.33% 37.33% 44.68% 45.78% 44.78%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.01 7.12 6.19 6.02 4.85 6.34 5.00 10.39 21.04 33.71 33.93
Quick Ratio		 1.42 1.74 4.74 4.53 3.42 5.25 3.44 2.37 1.90 4.24 19.53
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.33 13 13 10 9.63 -3.04 -8.18 -0.09 6.96 22 56
Operating Cash Flow to CapEx		 -110.89% -91.98% 217.26% 585.16% 45.93% 161.74% 334.31% 57.36% 276.11% -229.65% -424.54%
Free Cash Flow to Firm to Interest Expense		 2.59 14.15 13.95 14.25 13.17 -4.42 -14.28 -0.15 9.05 19.33 67.07
Operating Cash Flow to Interest Expense		 -0.50 -0.34 0.53 1.08 0.19 0.56 0.80 0.42 2.04 -0.66 -0.61
Operating Cash Flow Less CapEx to Interest Expense		 -0.95 -0.70 0.29 0.89 -0.23 0.21 0.56 -0.31 1.30 -0.95 -0.76
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.12 0.13 0.13 0.12 0.12 0.12 0.13 0.12 0.14 0.14
Accounts Receivable Turnover		 8.53 7.27 7.95 8.31 7.98 6.84 7.13 7.70 7.63 6.70 8.69
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.18 2.60 2.82 2.45 2.01 0.04 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 42.80 50.22 45.89 43.92 45.74 53.39 51.22 47.40 47.83 54.52 42.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 2,006.86 140.31 129.33 149.18 181.75 10,429.88 0.00 0.00 0.00 168,351.81 401,513.07
Cash Conversion Cycle (CCC)		 -1,964.06 -90.09 -83.44 -105.26 -136.00 -10,376.49 51.22 47.40 47.83 -168,297.29 -401,471.07
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 71 62 63 62 62 65 71 62 55 44 30
Invested Capital Turnover		 0.14 0.15 0.15 0.15 0.15 0.15 0.14 0.16 0.17 0.19 0.20
Increase / (Decrease) in Invested Capital		 -3.08 -13 -10 -10 -9.42 3.36 7.79 0.26 -6.65 -21 -41
Enterprise Value (EV)		 69 60 62 61 62 64 74 66 66 57 31
Market Capitalization		 11 11 12 12 13 14 17 14 18 14 16
Book Value per Share		 $5.79 $5.55 $6.14 $5.89 $11.23 $13.48 $10.27 $9.91 $7.71 $8.48 $15.61
Tangible Book Value per Share		 $4.46 $4.33 $4.90 $4.73 $9.04 $11.52 $8.40 $8.45 $6.29 $7.08 $14.49
Total Capital		 76 66 68 68 67 71 76 69 63 57 59
Total Debt		 62 52 51 50 50 50 50 44 38 33 19
Total Long-Term Debt		 61 51 51 50 50 50 50 44 38 33 19
Net Debt		 57 48 45 45 45 44 46 40 34 29 -2.65
Capital Expenditures (CapEx)		 0.40 0.34 0.23 0.13 0.30 0.24 0.14 0.43 0.57 0.32 0.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.76 10 0.22 0.07 0.00 0.26 0.60 9.38 30 29 15
Debt-free Net Working Capital (DFNWC)		 3.99 14 5.36 5.54 4.97 6.33 4.84 13 34 33 37
Net Working Capital (NWC)		 2.99 13 5.36 5.54 4.97 6.33 4.84 13 34 33 37
Net Nonoperating Expense (NNE)		 1.20 0.87 0.83 0.65 0.73 0.49 0.64 0.50 0.48 0.70 0.30
Net Nonoperating Obligations (NNO)		 57 48 45 45 45 44 45 37 30 19 -10
Total Depreciation and Amortization (D&A)		 1.17 1.14 1.04 1.02 1.00 0.95 0.95 0.92 0.76 0.68 0.48
Debt-free, Cash-free Net Working Capital to Revenue		 -7.41% 97.49% 2.11% 0.73% 0.01% 2.67% 6.32% 97.17% 300.22% 278.44% 148.47%
Debt-free Net Working Capital to Revenue		 38.64% 134.57% 51.58% 54.47% 50.12% 65.05% 51.00% 134.87% 337.88% 318.21% 361.98%
Net Working Capital to Revenue		 28.95% 124.84% 51.58% 54.47% 50.12% 65.05% 51.00% 134.87% 337.88% 318.21% 361.98%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.18) ($0.09) $0.12 ($0.47) ($0.47) ($0.25) ($0.74) ($0.34) ($0.33) ($0.42) $7.01
Adjusted Weighted Average Basic Shares Outstanding		 11.09M 5.55M 11.17M 1.12M 1.12M 1.13M 1.36M 1.35M 1.21M 1.26M 1.28M
Adjusted Diluted Earnings per Share		 ($0.18) ($0.09) $0.12 ($0.47) ($0.47) ($0.25) ($0.74) ($0.34) ($0.33) ($0.42) $4.85
Adjusted Weighted Average Diluted Shares Outstanding		 11.09M 5.55M 11.24M 1.12M 1.12M 1.13M 1.36M 1.35M 1.21M 1.26M 1.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.09) $0.00 $0.00 $0.00 ($0.25) $0.00 $0.00 $0.00 ($0.42) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.09M 11.18M 11.18M 1.12M 1.12M 1.36M 1.35M 1.35M 1.11M 1.43M 1.63M
Normalized Net Operating Profit after Tax (NOPAT)		 0.27 0.52 -0.04 0.15 0.21 0.35 -0.34 0.17 0.39 0.16 -0.39
Normalized NOPAT Margin		 10.44% 19.24% -1.49% 6.56% 9.08% 13.74% -14.51% 7.02% 14.11% 5.60% -17.97%
Pre Tax Income Margin		 -75.98% -16.39% 73.42% -22.55% -22.80% -4.93% -44.23% -12.87% -12.45% -13.50% 557.79%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.16 0.44 3.03 0.29 0.27 0.67 -0.79 0.39 0.55 0.44 15.09
NOPAT to Interest Expense		 -0.83 0.37 2.98 0.21 0.29 0.46 -0.68 0.29 0.40 0.26 17.40
EBIT Less CapEx to Interest Expense		 -1.61 0.07 2.78 0.10 -0.15 0.32 -1.03 -0.34 -0.19 0.15 14.94
NOPAT Less CapEx to Interest Expense		 -1.28 0.00 2.73 0.02 -0.13 0.11 -0.92 -0.44 -0.34 -0.03 17.26
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -11.25% -8.39% -55.26% -66.74% 200.50% 118.26% -19.46% -23.22% -32.94% -31.11% 9.08%
Augmented Payout Ratio		 -11.25% -8.39% -55.26% -66.74% 208.93% 122.62% -28.55% -31.68% -41.23% -50.77% 10.68%

Financials Breakdown Chart

Key Financial Trends

Medalist Diversified REIT (NASDAQ: MDRR) showed a sharp rebound in Q1 2026, but the broader multi-year picture is mixed. The company posted a large net profit in the quarter, yet operating cash flow was still slightly negative and the balance sheet remains highly leveraged. A major positive is that cash and short-term liquidity improved meaningfully versus recent periods, but investors should also note the heavy dependence on non-operating items and balance-sheet financing to support results.

  • Q1 2026 net income surged to $14.1 million, a major improvement from a loss of $410,988 in Q4 2025 and losses across most of 2025.
  • Cash and equivalents rose to $8.6 million in Q1 2026, up from $1.9 million in Q3 2025 and $1.9 million in Q2 2025, improving near-term liquidity.
  • Total current assets jumped to $38.2 million in Q1 2026, well above $14.4 million in Q2 2025 and $6.0 million in Q1 2025.
  • Operating revenue improved year over year to $2.16 million in Q1 2026 from $2.32 million in Q1 2025, but the quarter still generated strong gross profit because cost of revenue was minimal.
  • Debt declined in Q1 2026 to $19.2 million long-term debt from $37.7 million in Q3 2025, indicating meaningful deleveraging on the face of the latest balance sheet.
  • Q1 2026 operating cash flow was slightly negative at $(508,353), so reported earnings have not yet translated into durable cash generation.
  • Investing cash flow was positive at $4.7 million, but the figure appears driven by other investing activities rather than core recurring asset sales or stable investment income.
  • Common share count rose from 1.26 million basic weighted shares in Q4 2025 to 1.28 million in Q1 2026, which can dilute per-share gains over time.
  • Dividend payments continue, with Q1 2026 cash dividends to common of $0.07 per share, suggesting the company is still returning some cash to shareholders despite mixed operating cash flow.
  • Operating cash flow has been volatile and often weak over the past four years, ranging from positive quarters to sizable negative periods such as Q1 2025 and Q4 2025.
  • Leverage has remained high historically, with long-term debt above $50 million in parts of 2024 and 2025 before easing in the latest quarter.
  • Net income in 2025 was inconsistent, with losses in Q1, Q2, Q3, and Q4 2025 before the sharp Q1 2026 rebound.
  • Results have depended heavily on special items and other non-operating gains/losses, making earnings quality less predictable.
  • Equity attributable to common shareholders remains thin relative to total assets and liabilities, reflecting a balance sheet that is still heavily structured around debt and noncontrolling interests.

Bottom line: MDRR’s latest quarter looks much better on the income statement and liquidity front, but investors should be cautious. The turnaround appears heavily influenced by non-recurring or non-operating items, and the company still needs to prove it can produce consistent operating cash flow while maintaining a more stable capital structure.

07/21/26 05:59 PM ETAI Generated. May Contain Errors.

Medalist Diversified REIT Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Medalist Diversified REIT's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Medalist Diversified REIT's net income appears to be on a downward trend, with a most recent value of -$1.94 million in 2025, falling from -$2.99 million in 2018. The previous period was $744.33 thousand in 2024. See Medalist Diversified REIT's forecast for analyst expectations on what's next for the company.

Medalist Diversified REIT's total operating income in 2025 was $547.90 thousand, based on the following breakdown:
  • Total Gross Profit: $10.39 million
  • Total Operating Expenses: $9.41 million

Over the last 7 years, Medalist Diversified REIT's total revenue changed from $6.59 million in 2018 to $10.40 million in 2025, a change of 57.8%.

Medalist Diversified REIT's total liabilities were at $53.63 million at the end of 2025, a 0.9% decrease from 2024, and a 55.4% increase since 2018.

In the past 7 years, Medalist Diversified REIT's cash and equivalents has ranged from $613.68 thousand in 2019 to $4.78 million in 2024, and is currently $2.63 million as of their latest financial filing in 2025.

Over the last 7 years, Medalist Diversified REIT's book value per share changed from 7.64 in 2018 to 8.48 in 2025, a change of 10.9%.


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Financial statements for NASDAQ:MDRR last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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