Medalist Diversified REIT (NASDAQ: MDRR was founded in 2003 as a private equity company specializing in acquiring, owning and managing value-add commercial real estate in the Southeast. The Company’s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns.

Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions. The Company seeks to maximize operating performance of current properties by utilizing a hands-on approach to property management while monitoring the middle market real estate markets in the Southeast for acquisition opportunities and disposal of properties as considered appropriate.

Medalist is targeting value-add investments in markets where its executive team maintains deep industry relationships and local market knowledge. Equity investments typically range from $1 million to $6 million (up to $10 million with board approval), and with a maximum of 80% leverage (without board approval), average target property values are between $5 million and $30 million.

The Company is targeting Industrial/Flex, Multifamily, Retail, and Hospitality primarily in secondary and tertiary markets in the Southeastern US, where its market knowledge provides a competitive advantage in identifying under-managed, under-capitalized, or under-performing assets. Management track record as an organized, private fund dates back to 2013 through two prior Medalist funds, returning 8% and 7.5% annualized cash distributions for approximately 5 years and 3.5 years, respectively.

Marshalls one of MDRR commercial real estate

The first fund has been closed and the properties have been sold producing a total IRR of 12.8%. Medalist REIT has raised approximately $37 million in equity from high net worth, small institutions, and retail investors since launch and currently holds undivided interests in 368,095 sq. ft. of retail, 66,000 of flex industrial, and two hotels (125- and 148-key). Its most recent quarterly dividend of $0.125 per share was declared in November 2019. Aegis Capital covers the stock with a buy rating and $4.75 price target

Medalist is targeting value-add investments in markets where its executive team maintains deep industry relationships and local market knowledge. Equity investments typically range from $1 million to $6 million (up to $10 million with board approval), and with a maximum of 80% leverage (without board approval), average target property values are between $5 million and $30 million.

The Company is targeting Industrial/Flex, Multifamily, Retail, and Hospitality primarily in secondary and tertiary markets in the Southeastern US, where its market knowledge provides a competitive advantage in identifying under-managed, under-capitalized, or under-performing assets. Management track record as an organized, private fund dates back to 2013 through two prior Medalist funds, returning 8% and 7.5% annualized cash distributions for approximately 5 years and 3.5 years, respectively

The first fund has been closed and the properties have been sold producing a total IRR of 12.8%. Medalist REIT has raised approximately $37 million in equity from high net worth, small institutions, and retail investors since launch and currently holds undivided interests in 368,095 sq. ft. of retail, 66,000 of flex industrial, and two hotels (125- and 148-key).

Its most recent quarterly dividend of $0.125 per share was declared in November 2019. Aegis Capital covers the stock with a buy rating and $4.75 price target.

  • Company has paid a quarterly dividend since December 2018
    • Most recent dividend declared in November 2019 at $0.125 per share
    • Previous four dividends paid at rate of $0.175 per share
    • Latest acquisitions give the Company nearly full dividend coverage; US law requires REITs to distribute at least 90% of their taxable income annually
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