Medalist Diversified REIT Past Earnings Performance

Past criteria checks 0/6

Medalist Diversified REIT's earnings have been declining at an average annual rate of -5.1%, while the REITs industry saw earnings growing at 7.6% annually. Revenues have been growing at an average rate of 9% per year.

Key information

-5.1%

Earnings growth rate

34.6%

EPS growth rate

REITs Industry Growth	19.4%
Revenue growth rate	9.0%
Return on equity	-33.3%
Net Margin	-44.5%
Last Earnings Update	31 Dec 2023

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
Beta

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
31 Dec 23	10	-5	2
30 Sep 23	10	-5	3
30 Jun 23	11	-5	3
31 Mar 23	11	-5	3
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, and losses have increased over the past 5 years at a rate of 5.1% 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 (-1%).

Return on Equity

High ROE: MDRR has a negative Return on Equity (-33.31%), as it is currently unprofitable.

Medalist Diversified REIT Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

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)

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

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

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

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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