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Recent Price:

Market Data

Symbol

NASDAQ: MDRR

Fiscal Year	December
Industry	Real Estate
Market Cap
Shares Outstanding
Float	13.2M
Avg. Volume (90-day)	140,415

Financial Data

Revenue (ttm)	$11.4M
Cash (mrq)¹	$8.5M
Total Assets (mrq)	$89.8M
Debt (mrq)	$62.8M

As of Oct 27, 2021

For more information on Medalist Diversified REIT , contact RedChip specialists at: 1-800-REDCHIP (733-2447)

Medalist Diversified REIT (NASDAQ: MDRR) was founded in 2003 as a private equity company specializing in acquiring, owning, and managing 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 a dividend-paying REIT 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 $52 million in equity from high net worth, small institutions, and retail investors since launch and currently holds undivided interests in 546,721 sq. ft. of retail, 66,000 of flex industrial, and one 148-key hotel (under long-term lease to Clemson University). Aegis Capital covers the stock with a buy rating and $3.50 price target.

Expanding portfolio of quality commercial properties

Solid track record of execution on core strategy over past three years
Medalist’s 3 retail properties and 1 flex/industrial property have current occupancy rates of 94.6%, 98%, 83.3%, and 93.8%, respectively
Signed long-term lease with Clemson University for entire Clemson Best Western property at $59 per room per night; signed indefinite agreement with Highpoint University for three floors at $79 per room per night at its Hampton Inn property in Greensboro, NC.

Re-instated quarterly dividend in July 2021; two quarterly dividends of $0.02 per share paid since re-instatement with a third dividend payment declared in December 2021

Buy rating and $3.00 price target from Aegis Capital

Strong Investment Track Record

Medalist Fund I: 340k sq. ft. of retail and industrial and 290 multifamily units purchased; 8% annualized cash distributions paid quarterly (Q3 2013 - Q1 2018). Overall IRR on the fund was 12.8%
Medalist Fund II: 177k sq. ft. of retail and industrial purchased; 7.5% annualized cash distributions paid quarterly from Q1 2016 through Q2 2019

Opportunistic Investing Strategy

Extensive deal flow network in target markets due to longstanding relationships with brokers, owners, and lenders
Focus on value creation through a “hands-on” management approach
Targeting opportunities in commercial real estate in secondary and tertiary markets in Virginia, N. Carolina, S. Carolina, Georgia, Florida, & Alabama where yields are higher than primary markets; cap rates at 7%-9%, depending on property type
Debt financing available at historically low rates

Experienced Management Team

Management with 50+ years of combined experience in commercial real estate and capital markets
MDRR’s management team has purchased and managed properties with a total asset value of approximately $165 million

Marshalls one of MDRR commercial real estate

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Recent Price:

Market Data

Symbol

NASDAQ: MDRR

Industry	Real Estate
Market Cap
Shares Outstanding
Float	13.2M
Avg. Volume (90-day)	140,415

As of

Financial Data

Revenue (ttm)	$11.4M

Cash (mrq)¹	$8.5M
Total Assets (mrq)	$89.8M
Debt (mrq)	$62.8M

As of Oct 27, 2021

For more information on Medalist Diversified REIT, contact RedChip specialists at: 1-800-REDCHIP (733-2447)

Investor Presentation

Expanding portfolio of quality commercial properties

Solid track record of execution on core strategy over past three years
Medalist’s 3 retail properties and 1 flex/industrial property have current occupancy rates of 94.6%, 98%, 83.3%, and 93.8%, respectively
Signed long-term lease with Clemson University for entire Clemson Best Western property at $59 per room per night; signed indefinite agreement with Highpoint University for three floors at $79 per room per night at its Hampton Inn property in Greensboro, NC.

Re-instated quarterly dividend in July 2021; two quarterly dividends of $0.02 per share paid since re-instatement with a third dividend payment declared in December 2021

Buy rating and $3.00 price target from Aegis Capital

Strong Investment Track Record

Medalist Fund I: 340k sq. ft. of retail and industrial and 290 multifamily units purchased; 8% annualized cash distributions paid quarterly (Q3 2013 - Q1 2018). Overall IRR on the fund was 12.8%
Medalist Fund II: 177k sq. ft. of retail and industrial purchased; 7.5% annualized cash distributions paid quarterly from Q1 2016 through Q2 2019

Opportunistic Investing Strategy

Extensive deal flow network in target markets due to longstanding relationships with brokers, owners, and lenders
Focus on value creation through a “hands-on” management approach
Targeting opportunities in commercial real estate in secondary and tertiary markets in Virginia, N. Carolina, S. Carolina, Georgia, Florida, & Alabama where yields are higher than primary markets; cap rates at 7%-9%, depending on property type
Debt financing available at historically low rates

Experienced Management Team

Management with 50+ years of combined experience in commercial real estate and capital markets
MDRR’s management team has purchased and managed properties with a total asset value of approximately $165 million

Robust Cash Flows and $0.02 Dividend.

Latest News

Robust Cash Flows and $0.02 Dividend.

Company Overview

Medalist Diversified REIT: Sourced and Managed Over $200M of Properties Since Inception

Medalist REIT: Diversified Property Portfolio Driving Regular Dividends

Medalist REIT: Strong Track Record of Performance with Growing Portfolio

Value Proposition

Investment Highlights

Stock Information

Investor Presentation

Latest News

Value Proposition

Investment Highlights

Robust Cash Flows and $0.02 Dividend.

Latest News

Robust Cash Flows and $0.02 Dividend.

Company Overview

Medalist Diversified REIT: Sourced and Managed Over $200M of Properties Since Inception

Medalist REIT: Diversified Property Portfolio Driving Regular Dividends

Medalist REIT: Strong Track Record of Performance with Growing Portfolio

Value Proposition

Investment Highlights

Stock Information

Investor Presentation

Latest News

Value Proposition

Investment Highlights

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