Company Summary: Medalist Diversified REIT, Inc.

Overview

Medalist Diversified REIT, Inc. is a real estate investment trust (REIT) that primarily invests in commercial real estate properties across various sectors. The company is externally advised and manages a diversified portfolio of income-generating properties.

Key Details

• Industry focus: Commercial real estate, including properties such as retail, industrial, office, and other income-producing assets.

• Employees: The document does not specify the number of employees.

• Customers/Leased Properties: The company owns and manages multiple income-producing properties, including:

  • A property in Chicago, IL (Central Avenue Property)
  • A property in Huntsville, AL (United Rentals)
  • A Buffalo Wild Wings restaurant location in Bowling Green, KY
  • Two additional properties acquired via purchase agreements in 2024

  Specific lease tenants mentioned include United Rentals and Buffalo Wild Wings.

• Number of Properties Acquired in 2024:

  • 3 properties detailed in the transactions:
    • Central Avenue Property (Chicago, IL) – purchased for $2,400,000
    • Dan Tibbs Road Property (Huntsville, AL) – purchased for $3,145,000
    • Scottsville Road Property (Bowling Green, KY) – purchased for $2,620,000
  • Additional property details are provided but not continually aggregated.

• Financials:

  • Revenue, Net Income, and specific financial figures: The provided excerpt does not specify the company's total revenue, net income, or number of customers directly.
  • Market value of stock (as of June 30, 2024): Approximately $8.2 million, based on a closing stock price of $5.76 per share and 1,362,690 shares outstanding.
  • Assets and investments: The company has made significant property acquisitions, utilizing a mix of Operating Partnership units and cash for transactions.

• Securities and Shareholders:

  • Outstanding Shares: 1,362,690 shares of common stock as of February 27, 2025.
  • Major Shareholders and Directors: Multiple directors and officers own stakes in the company, including Kory J. Kramer, Francis P. Kavanaugh, and others, holding both common stock and Operating Partnership Units.

• Management & Governance:

  • The company has a Board of Directors with independent members, including specialists in real estate development, investment banking, and technology.
  • Executive officers include Francis P. Kavanaugh (President and CEO) and C. Brent Winn, Jr. (CFO).
  • The company has established committees such as Audit, Compensation, Nominating and Corporate Governance, and Acquisition committees.

• Operational Focus:

  • The company actively acquires properties through purchase agreements, often using a combination of Operating Partnership units and cash.
  • It manages risk through policies like insider trading and related person transaction policies.

Summary

Medalist Diversified REIT, Inc. is a publicly traded REIT focused on acquiring, owning, and managing income-generating commercial properties across the United States, with recent significant acquisitions in 2024. It operates through a diversified portfolio, with a governance structure including independent directors, and employs an external advisory model to manage its investments. The company does not specify exact revenue or number of customers in the provided excerpt.