Medalist Diversified REIT Past Earnings Performance

Past criteria checks 0/6

Medalist Diversified REIT has been growing earnings at an average annual rate of 12.9%, while the REITs industry saw earnings growing at 18.6% annually. Revenues have been growing at an average rate of 3.8% per year.

Key information

12.9%

Earnings growth rate

44.0%

EPS growth rate

REITs Industry Growth	19.4%
Revenue growth rate	3.8%
Return on equity	2.3%
Net Margin	-2.2%
Last Earnings Update	30 Sep 2024

Recent past performance 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

Revenue & Expenses Breakdown

How Medalist Diversified REIT makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqCM:MDRR Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	10	0	2
30 Jun 24	10	-2	2
31 Mar 24	10	-2	2
31 Dec 23	10	-5	2
30 Sep 23	10	-5	3
30 Jun 23	11	-5	3
31 Mar 23	11	-5	2
31 Dec 22	11	-5	3
30 Sep 22	11	-4	2
30 Jun 22	11	-3	2
31 Mar 22	12	-3	2
31 Dec 21	11	-4	2
30 Sep 21	11	-7	2
30 Jun 21	10	-8	2
31 Mar 21	9	-9	2
31 Dec 20	9	-8	3
30 Sep 20	10	-5	2
30 Jun 20	10	-5	2
31 Mar 20	9	-4	2
31 Dec 19	8	-3	1
30 Sep 19	7	-4	2
30 Jun 19	7	-4	2
31 Mar 19	7	-3	2
31 Dec 18	7	-3	2
30 Sep 18	6	-2	1
30 Jun 18	4	-2	1
31 Mar 18	3	-1	1
31 Dec 17	2	-1	0
30 Sep 17	1	-1	0
30 Jun 17	0	0	0
31 Mar 17	0	0	0
31 Dec 16	0	0	0

Quality Earnings: MDRR is currently unprofitable.

Growing Profit Margin: MDRR is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MDRR is unprofitable, but has reduced losses over the past 5 years at a rate of 12.9% per year.

Accelerating Growth: Unable to compare MDRR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MDRR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-13.3%).

Return on Equity

High ROE: MDRR has a negative Return on Equity (2.34%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 01:50
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Medalist Diversified REIT, Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brian Hollenden	Aegis Capital Corporation
Gaurav Mehta	D. Boral Capital LLC.

Medalist Diversified REIT Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: US$0.47 loss per share (vs US$1.76 loss in 3Q 2023)

Second quarter 2024 earnings released: US$0.47 loss per share (vs US$0.79 loss in 2Q 2023)

First quarter 2024 earnings released: EPS: US$0.61 (vs US$0.55 loss in 1Q 2023)

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

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

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

Recent updates

Controller recently bought US$100k worth of stock

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Chair of the Board recently bought US$257k worth of stock

Third quarter 2024 earnings released: US$0.47 loss per share (vs US$1.76 loss in 3Q 2023)

New minor risk - Shareholder dilution

Medalist Diversified REIT, Inc. Announces Quarterly Cash Dividend on Common Stock, Payable on October 21, 204

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Chair of the Board recently bought US$151k worth of stock

New minor risk - Shareholder dilution

Chair of the Board recently bought US$169k worth of stock

Second quarter 2024 earnings released: US$0.47 loss per share (vs US$0.79 loss in 2Q 2023)

Medalist Diversified REIT, Inc., Annual General Meeting, Sep 12, 2024

New minor risk - Shareholder dilution

Upcoming dividend of US$0.05 per share

New minor risk - Shareholder dilution

High number of new and inexperienced directors

Medalist Diversified REIT, Inc. Declares Quarterly Dividend on Its Common Stock, Payable on July 26, 2024

CEO, President recently bought US$102k worth of stock

CEO, President recently bought US$102k worth of stock

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

CEO, President recently bought US$235k worth of stock

First quarter 2024 earnings released: EPS: US$0.61 (vs US$0.55 loss in 1Q 2023)

Medalist Diversified REIT, Inc. (NasdaqCM:MDRR) acquired Citibank Property from RMP 3535 N. Central Ave., LLC.

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.