Medalist Diversified REIT Management

Management criteria checks 0/4

Medalist Diversified REIT's CEO is Frank Kavanaugh, appointed in Jul 2023, has a tenure of less than a year. directly owns 12.23% of the company’s shares, worth $1.50M. The average tenure of the management team and the board of directors is 1.1 years and 2 years respectively.

Key information

Frank Kavanaugh

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	12.2%
Management average tenure	1.1yrs
Board average tenure	2yrs

Recent management updates

Recent updates

Medalist Diversified REIT sells Clemson Best Western University Inn for ~$10M

Oct 03

Medalist Diversified REIT reports Q2 results

Aug 09

Medalist Diversified REIT rallies after-hours on Clemson University rental agreement extension

Dec 15

CEO

Frank Kavanaugh (62 yo)

less than a year

Tenure

Mr. Francis P. Kavanaugh, also known as Frank, served as Interim Chief Executive Officer and President at Medalist Diversified REIT, Inc. since July 18, 2023 until October 18, 2023 and serves as its Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Francis Kavanaugh	CEO, President	less than a year	no data	12.23% $ 1.5m
Charles Winn	Chief Financial Officer	4.2yrs	US$250.00k	2.95% $ 362.5k
Deron Colby	Counsel	no data	no data	no data
Erin Burke	Chief of Staff	1.3yrs	no data	no data
Benjamin Ore	Controller	less than a year	no data	0.22% $ 27.4k

1.1yrs

Average Tenure

Experienced Management: MDRR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Francis Kavanaugh	CEO, President	less than a year	no data	12.23% $ 1.5m
Timothy O'Brien	Independent Chairman of the Board	2.9yrs	no data	0.67% $ 82.9k
Emanuel Neuman	Independent Director	less than a year	no data	0.97% $ 119.2k
Charles Pearson	Independent Director	7.1yrs	no data	0.69% $ 84.6k
Neil Farmer	Independent Director	7.1yrs	no data	0.96% $ 117.8k
David Lunin	Independent Director	less than a year	no data	0.23% $ 27.8k

2.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MDRR's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Medalist Diversified REIT Management

Management criteria checks 0/4

Key information

Recent management updates

CEO, President recently bought US$206k worth of stock

Medalist Diversified REIT, Inc. Announces Appointment of Francis P. Kavanaugh as Chief Executive Officer

Medalist Diversified REIT, Inc. Appoints David Lunin to Its Audit Committee of the Board

Medalist Diversified REIT, Inc., Annual General Meeting, Sep 15, 2023

Medalist Diversified Reit, Inc. Appoints Emanuel D. Neuman to the Board

Medalist Diversified REIT, Inc. Announces Executive Changes

Recent updates

CEO, President recently bought US$206k worth of stock

Full year 2023 earnings released: US$2.06 loss per share (vs US$2.23 loss in FY 2022)

Dividend of US$0.01 announced

Medalist Diversified REIT, Inc. Declares Quarterly Cash Dividend, Payable on February 6, 2024

Third quarter 2023 earnings released: US$0.88 loss per share (vs US$0.81 loss in 3Q 2022)

Medalist Diversified REIT, Inc. Announces Appointment of Francis P. Kavanaugh as Chief Executive Officer

Medalist Diversified REIT, Inc. Appoints David Lunin to Its Audit Committee of the Board

Medalist Diversified REIT, Inc., Annual General Meeting, Sep 15, 2023

Second quarter 2023 earnings released: US$0.40 loss per share (vs US$0.47 loss in 2Q 2022)

Medalist Diversified Reit, Inc. Appoints Emanuel D. Neuman to the Board

Medalist Diversified REIT, Inc. Announces Executive Changes

New minor risk - Share price stability

Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. Kavanaugh to Its Board of Directors

Price target decreased by 10.0% to US$9.00

First quarter 2023 earnings released: US$0.069 loss per share (vs US$0.49 loss in 1Q 2022)

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.01 per share at 4.9% yield

Upcoming dividend of US$0.01 per share

Medalist Diversified REIT, Inc. Declares Cash Dividend for the Fourth Quarter 2022, Payable on January 27, 2023

Price target decreased to US$1.25

Insufficient new directors

Medalist Diversified REIT Declares Quarterly Cash Dividend on Its Common Stock, Payable on October 20, 2022

Medalist Diversified REIT sells Clemson Best Western University Inn for ~$10M

Insider recently bought US$191k worth of stock

Medalist Diversified REIT reports Q2 results

Insider recently bought US$183k worth of stock

Medalist Diversified REIT Receives Deficiency Letter from The Nasdaq Stock Market LLC for Minimum Bid Price Requirement

Upcoming dividend of US$0.02 per share

Medalist Diversified REIT Declares Quarterly Cash Dividend on Its Common Stock, Payable in Cash on July 21, 2022

Medalist Diversified REIT, Inc., Annual General Meeting, Aug 17, 2022

First quarter 2022 earnings released: US$0.062 loss per share (vs US$0.39 loss in 1Q 2021)

Price target decreased to US$2.25

Insufficient new directors

Medalist Diversified REIT Declares Quarterly Cash Dividend on Its Common Stock, Payable in Cash on April 21, 2022

Upcoming dividend of US$0.02 per share

Insufficient new directors

Insufficient new directors

Third quarter 2021 earnings released: US$0.054 loss per share (vs US$0.27 loss in 3Q 2020)

Upcoming dividend of US$0.02 per share

Second quarter 2021 earnings released: US$0.047 loss per share (vs US$0.33 loss in 2Q 2020)

Independent Director Charles Polk has left the company

An unknown buyer entered into an agreement to acquire Greensboro Airport Hampton Inn from Medalist Diversified REIT, Inc. (NasdaqCM:MDRR) and PMI Greensboro, LLC for $12.9 million.

First quarter 2021 earnings released: US$0.39 loss per share (vs US$0.38 loss in 1Q 2020)

Earnings beat expectations, revenue disappoints

New 90-day low: US$1.97

Krishna Prasad Maganti and Ramesh Gandhamanei agreed to acquire Greensboro Airport Hampton Inn from Medalist Diversified REIT, Inc. (NasdaqCM:MDRR) and PMI Greensboro, LLC for $12.7 million.

New 90-day high: US$2.63

Medalist Diversified REIT, Inc. Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property

Medalist Diversified REIT rallies after-hours on Clemson University rental agreement extension

Third quarter 2020 earnings released: US$0.27 loss per share

Earnings beat expectations, revenue disappoints

Medalist Diversified REIT, Inc. announced that it expects to receive $5 million in funding from Yorkville Advisors Global LP

New 90-day high: US$2.85

Medalist Diversified REIT, Inc. Announces Board Resignations

New 90-day low - US$1.16

New 90-day low - US$1.44

Analysts update estimates

Earnings released

New 90-day low - US$1.59

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age