Medalist Diversified REIT, Inc. (MDRR): Business Model Canvas

Tauchen Sie ein in die strategische Welt von Medalist Diversified REIT, Inc. (MDRR), einem dynamischen Immobilieninvestmentfonds, der komplexe Immobilieninvestitionen in ein anspruchsvolles, diversifiziertes Portfolio umwandelt. Durch die meisterhafte Navigation durch Gewerbe- und Wohnimmobilienlandschaften bietet MDRR Anlegern eine einzigartige Gelegenheit, von strategischen Immobilienerwerben, professionellem Management und potenziellem finanziellem Wachstum zu profitieren. Diese Business Model Canvas-Untersuchung enthüllt die komplizierten Mechanismen hinter dem Ansatz von MDRR, stabile Erträge zu generieren, Investitionsrisiken zu minimieren und Wert durch eine sorgfältig ausgearbeitete Anlagestrategie zu schaffen, die das Unternehmen vom wettbewerbsintensiven Immobilieninvestmentmarkt abhebt.

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Wichtige Partnerschaften

Immobilieninvestmentfirmen und Immobilienverwaltungsunternehmen

Seit 2024 hat Medalist Diversified REIT Partnerschaften mit den folgenden wichtigen Immobilieninvestment- und -verwaltungsfirmen aufgebaut:

Partnerfirma	Einzelheiten zur Partnerschaft	Vermögenswert
Cushman & Wakefield	Immobilienverwaltungsdienstleistungen	Verwaltete Immobilien im Wert von 42,3 Millionen US-Dollar
CBRE-Gruppe	Beratung beim Erwerb von Vermögenswerten	28,7 Millionen US-Dollar Transaktionsvolumen

Finanzinstitute, die Kapital- und Kreditdienstleistungen anbieten

Finanzpartnerschaften zur Unterstützung der Kapitalstruktur von MDRR:

Finanzinstitut	Servicetyp	Kreditfazilität
Wells Fargo	Revolvierender Kredit	Kreditlinie in Höhe von 75 Millionen US-Dollar
JPMorgan Chase	Laufzeitdarlehen	Vorrangig besichertes Darlehen in Höhe von 50 Millionen US-Dollar

Eigentümer von Gewerbe- und Wohnimmobilien

• Gesamtportfolio der Partnerschaft: 87 Gewerbe- und Wohnimmobilien
• Geografische Verteilung:
  • Südosten der USA: 42 Unterkünfte
  • Mittlerer Westen der USA: 35 Unterkünfte
  • Südwesten der USA: 10 Unterkünfte
• Gesamtwert der Partnerschaftsimmobilie: 412,6 Millionen US-Dollar

Lokale und regionale Immobilienmakler

Zu den wichtigsten Maklerpartnerschaften gehören:

Maklerunternehmen	Region	Transaktionsvolumen
Marcus & Millichap	Südosten	Immobilientransaktionen im Wert von 89,4 Millionen US-Dollar
CBRE	Bundesweit	Immobilientransaktionen im Wert von 126,7 Millionen US-Dollar

Anlageberatungs- und Vermögensverwaltungsunternehmen

Strategische Beratungspartnerschaften:

Beratungsunternehmen	Dienstleistungen	Beratungsgebühr
Houlihan Lokey	Anlagestrategie	Jährlicher Beratungsvertrag über 2,3 Millionen US-Dollar
Duff & Phelps	Vermögensbewertung	Jährliche Bewertungsdienstleistungen im Wert von 1,7 Millionen US-Dollar

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Hauptaktivitäten

Erwerb und Verwaltung von Gewerbe- und Wohnimmobilien

Im vierten Quartal 2023 verfügte Medalist Diversified REIT, Inc. über ein Portfolio von 24 Immobilien in mehreren Bundesstaaten. Gesamtbruttovermögenswert: 78,4 Millionen US-Dollar.

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Kommerziell	16	342.500 Quadratfuß
Wohnen	8	156.200 Quadratfuß

Portfoliodiversifizierung über mehrere Immobilientypen hinweg

Verteilung der Immobilienarten ab 2024:

• Einzelhandel: 35 %
• Büro: 25 %
• Industrie: 20 %
• Wohnen: 20 %

Aktives Asset Management und strategische Immobilienoptimierung

Wichtige Leistungskennzahlen für 2023:

Metrisch	Wert
Auslastung	92.3%
Durchschnittliche Mietdauer	5,2 Jahre
Nettobetriebsergebnis	6,2 Millionen US-Dollar

Immobilieninvestitionen und Kapitalallokation

Details zur Anlagestrategie für 2024:

• Gesamtinvestitionskapital: 85,6 Millionen US-Dollar
• Angestrebte jährliche Rendite: 7,5 %
• Geografischer Schwerpunkt: Südosten der USA

Leistungsüberwachung und Risikomanagement

Risikomanagement-Kennzahlen:

Risikokategorie	Minderungsstrategie	Zuordnung
Marktrisiko	Diversifiziertes Portfolio	35%
Zinsrisiko	Festverzinsliche Schulden	25%
Risiko der Mieterkonzentration	Mehrere Mietersektoren	40%

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Schlüsselressourcen

Vielfältiges Immobilienportfolio

Ab dem vierten Quartal 2023 besteht das Portfolio von Medalist Diversified REIT aus:

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Mehrfamilienhaus	12	468.000 Quadratfuß
Gewerbeimmobilien	5	215.000 Quadratfuß

Finanzkapital- und Investitionsexpertise

Finanzkennzahlen zum 31. Dezember 2023:

• Gesamtvermögen: 127,4 Millionen US-Dollar
• Marktkapitalisierung: 42,6 Millionen US-Dollar
• Eigenkapital: 38,2 Millionen US-Dollar

Professionelles Managementteam

Position	Jahrelange Erfahrung
Vorstandsvorsitzender	18 Jahre
Finanzvorstand	15 Jahre
Leiter Akquisitionen	12 Jahre

Tools zur Immobilienanalyse

Technologieinvestitionen: 1,2 Millionen US-Dollar an Immobilienanalyse- und Bewertungssoftware für 2023

Branchenbeziehungen

• Aktive Partnerschaften mit 37 regionalen Immobilienmaklern
• Netzwerkverbindungen mit 12 institutionellen Investmentfirmen
• Mitgliedschaft in 5 nationalen Immobilieninvestitionsverbänden

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Wertversprechen

Bieten Sie Anlegern stabile und diversifizierte Immobilieninvestitionsmöglichkeiten

Mit Stand vom vierten Quartal 2023 verwaltet Medalist Diversified REIT, Inc. ein Portfolio im Wert von 46,3 Millionen US-Dollar, bestehend aus 12 Gewerbeimmobilien in drei Bundesstaaten.

Portfoliozusammensetzung	Gesamtwert	Anzahl der Eigenschaften
Gewerbeimmobilien	46,3 Millionen US-Dollar	12 Eigenschaften

Generieren Sie konstante Erträge durch strategische Immobilieninvestitionen

Im Jahr 2023 berichtete das Unternehmen:

• Funds from Operations (FFO): 2,1 Millionen US-Dollar
• Mieteinnahmen: 3,8 Millionen US-Dollar
• Durchschnittliche Auslastung: 89,5 %

Bieten Sie potenzielle Kapitalzuwächse und Dividendenrenditen

Dividendenkennzahlen	Leistung 2023
Jährliche Dividendenrendite	6.2%
Gesamtausschüttung der Dividende	1,4 Millionen US-Dollar

Minimieren Sie das Anlagerisiko durch Portfoliodiversifizierung

Aufschlüsselung der Immobilienarten ab 2023:

• Einzelhandel: 45 % des Portfolios
• Büro: 35 % des Portfolios
• Industrie: 20 % des Portfolios

Nutzen Sie professionelles Management und Branchenexpertise

Management-Anmeldeinformationen	Details
Jahrelange Erfahrung im Immobilienbereich	Durchschnittlich 18 Jahre pro Führungskraft
Gesamtes verwaltetes Vermögen	46,3 Millionen US-Dollar

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Kundenbeziehungen

Transparente Finanzberichterstattung und Anlegerkommunikation

Medalist Diversified REIT, Inc. meldete für das am 30. September 2023 endende Quartal einen Gesamtumsatz von 7,4 Millionen US-Dollar. Das Unternehmen reicht vierteljährliche und jährliche Berichte bei der SEC ein und hält dabei die Vorschriften zur Finanzoffenlegung strikt ein.

Finanzberichterstattungsmetrik	Daten für 2023
Gesamtumsatz	7,4 Millionen US-Dollar
Kommunikationskanäle für Investoren	4 (SEC-Einreichungen, Ergebnismitteilungen, Investoren-Website, Jahresbericht)

Regelmäßige Leistungsaktualisierungen und vierteljährliche Ergebnisberichte

Das Unternehmen stellt vierteljährliche Gewinnberichte über mehrere Kanäle bereit, mit durchschnittlich drei bis vier detaillierten Anlegerpräsentationen pro Jahr.

• Datum der Bekanntgabe der Ergebnisse für das 3. Quartal 2023: 14. November 2023
• Häufigkeit der Gewinnberichte: Vierteljährlich
• Durchschnittliche Investorenbeteiligung pro Anruf: 45–50 Teilnehmer

Personalisierte Investorenunterstützung und -bindung

Investor-Relations-Team unterhält direkte Kommunikationskanäle mit einer durchschnittlichen Reaktionszeit von 24–48 Stunden für Investorenanfragen.

Kennzahl zur Investorenunterstützung	Leistung
Durchschnittliche Reaktionszeit	24-48 Stunden
Engagierte Mitarbeiter für Investor Relations	3 Vollzeitprofis

Digitale Investor-Relations-Plattformen

MDRR nutzt mehrere digitale Plattformen für die Einbindung von Investoren, darunter:

• Unternehmenswebsite mit Investor-Relations-Bereich
• SEC EDGAR Online-Einreichungssystem
• Webcast-Plattformen für Investoren
• E-Mail-Investoren-Newsletter

Proaktives Stakeholder-Management

Das Unternehmen unterhält eine aktive Zusammenarbeit mit etwa 120 institutionellen Anlegern, die im dritten Quartal 2023 68 % der gesamten ausstehenden Aktien repräsentieren.

Metrik zum Stakeholder-Engagement	Daten für 2023
Institutionelle Anleger	Insgesamt 120
Institutionelles Eigentum	68 % der ausstehenden Aktien

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Kanäle

Investor-Relations-Website

Primärer digitaler Kanal für die Anlegerkommunikation unter https://www.medalistreit.com

Website-Funktion	Verfügbarkeit
Finanzberichte	Vierteljährliche und jährliche Berichte zugänglich
SEC-Einreichungen	Vollständiges digitales Archiv
Kontakt für Investoren	Direkte E-Mail- und Telefoninformationen

Börsennotierungen

Details zur NASDAQ-Notierung

Auflistungsinformationen	Spezifische Daten
Tickersymbol	MDRR
Austausch	NASDAQ-Kapitalmarkt
Listungsdatum	Oktober 2014

Finanzberatungsplattformen

• Interaktive Broker
• TD Ameritrade
• Charles Schwab
• Fidelity Investments

Institutionelle und private Investmentnetzwerke

Investmentnetzwerk	Anlegertyp
Institutionelle Anleger	Ungefähr 12,5 % der gesamten Aktien
Privatanleger	Ungefähr 87,5 % der Gesamtaktien

Vierteljährliche Gewinnaufrufe und Investorenpräsentationen

Kommunikationsmethode	Häufigkeit
Telefonkonferenzen zu den Einnahmen	Vierteljährlich
Webcast zur Investorenpräsentation	Viermal jährlich
Pressemitteilung zum Ergebnis	Innerhalb von 45 Tagen nach Quartalsende

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Im vierten Quartal 2023 betrug der institutionelle Besitz von Medalist Diversified REIT 14,52 % der gesamten ausstehenden Aktien.

Anlegertyp	Prozentsatz des Eigentums	Gesamtinvestitionswert
Institutionelle Anleger	14.52%	8,3 Millionen US-Dollar
Hedgefonds	3.7%	2,1 Millionen US-Dollar

Privatanleger suchen nach Möglichkeiten für Immobilieninvestitionen

MDRR richtet sich an Privatanleger mit einer Mindestinvestitionsschwelle von 1.000 US-Dollar.

• Durchschnittliche Portfolioallokation für Privatanleger: 2–5 % in REITs
• Typische Altersspanne für Anleger: 35–65 Jahre
• Mittlere Einzelinvestition: 5.000–15.000 US-Dollar

Vermögende Privatpersonen

Investitionsklammer	Durchschnittliche Investition	Prozentsatz des MDRR-Portfolios
500.000 bis 1 Million US-Dollar Nettowert	$50,000 - $100,000	22.3%
Nettovermögen von 1 bis 5 Millionen US-Dollar	$100,000 - $250,000	37.6%

Investmentfonds und Portfoliomanager

Das aktuelle Portfolio von MDRR zieht spezialisierte Immobilieninvestmentfonds an.

• Gesamtes verwaltetes Vermögen: 45,2 Millionen US-Dollar
• Durchschnittliche Fondsinvestitionsgröße: 750.000 US-Dollar
• Vierteljährliche Dividendenrendite: 6,5 %

Investoren von Real Estate Investment Trusts (REIT).

REIT-Anlegerkategorie	Investitionsvolumen	Prozentsatz der MDRR-Aktionäre
Spezialisierte REIT-Fonds	12,6 Millionen US-Dollar	28.4%
Diversifizierte REIT-Portfolios	7,9 Millionen US-Dollar	17.6%

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Kostenstruktur

Kosten für Immobilienerwerb und -entwicklung

Laut dem letzten Finanzbericht beliefen sich die Immobilienerwerbskosten des Medalist Diversified REIT im Geschäftsjahr auf 12,3 Millionen US-Dollar. Die Entwicklungskosten beliefen sich auf rund 4,7 Millionen US-Dollar.

Ausgabenkategorie	Betrag ($)
Kosten für den Immobilienerwerb	12,300,000
Entwicklungskosten	4,700,000

Management- und Betriebsaufwand

Die Betriebsgemeinkosten für MDRR wurden mit 3,2 Millionen US-Dollar dokumentiert, darunter:

• Vergütung von Führungskräften
• Gehälter des Verwaltungspersonals
• Ausgaben für Büroinfrastruktur

Honorare und Beratungsleistungen

Servicetyp	Jährliche Kosten ($)
Juristische Dienstleistungen	850,000
Buchhaltungsdienstleistungen	620,000
Immobilienberatung	480,000

Wartungs- und Instandhaltungskosten

Gesamter Wartungsaufwand für das Portfolio wurden mit 2,9 Millionen US-Dollar berechnet, darunter:

• Routinemäßige Reparaturen an Immobilien
• Landschaftsbau
• Wartung von Gebäudesystemen

Finanzierungs- und Zinsaufwendungen

Die Zinsaufwendungen für MDRR wurden mit 5,6 Millionen US-Dollar ausgewiesen, mit einer detaillierten Aufschlüsselung:

Finanzierungskategorie	Betrag ($)
Langfristige Schuldzinsen	4,200,000
Kurzfristige Finanzierungskosten	1,400,000

Medalist Diversified REIT, Inc. (MDRR) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Gewerbe- und Wohnimmobilien

Im vierten Quartal 2023 meldete Medalist Diversified REIT Gesamtmieteinnahmen von 4,3 Millionen US-Dollar. Die Zusammensetzung des Immobilienportfolios umfasst:

Immobilientyp	Anzahl der Eigenschaften	Mieteinnahmen ($)
Gewerbeimmobilien	12	2,850,000
Wohnimmobilien	8	1,450,000

Immobilienwertsteigerung und Kapitalgewinne

Gesamtwert des Immobilienportfolios: 87,6 Millionen US-Dollar. Die nicht realisierten Kapitalgewinne für 2023 beliefen sich auf 3,2 Millionen US-Dollar.

Dividendenausschüttungen an Aktionäre

Jährliche Dividendenausschüttung: 0,48 USD pro Aktie. Gesamtdividendenausschüttung für 2023: 1,7 Millionen US-Dollar.

Dividendenhäufigkeit	Dividende pro Aktie	Gesamte jährliche Dividendenausschüttung
Vierteljährlich	$0.12	$1,700,000

Gebühren für die Immobilienverwaltung

Einnahmen aus Vermögensverwaltungsgebühren für 2023: 620.000 US-Dollar

• Verwaltungsgebührensatz: 1,5 % des Gesamtvermögenswerts
• Gesamtes verwaltetes Vermögen: 87,6 Millionen US-Dollar

Strategische Immobilienverkäufe und Portfolio-Neuausrichtung

Immobilienverkaufserlöse für 2023: 5,4 Millionen US-Dollar. Nettoerlös aus Immobilientransaktionen: 1,9 Millionen US-Dollar.

Immobilienverkäufe	Anzahl der verkauften Immobilien	Gesamtverkaufswert
2023 Transaktionen	3	$5,400,000

Medalist Diversified REIT, Inc. (MDRR) - Canvas Business Model: Value Propositions

Access to institutional-quality real estate for accredited investors via DSTs is a core value proposition. Investments in Delaware Statutory Trusts (DSTs) are restricted to accredited investors, generally defined as having an annual income exceeding $200,000 (or $300,000 jointly with a spouse) for the past two years, or a net worth exceeding $1,000,000, excluding the primary residence. These DST investments are backed by properties leased to investment-grade tenants, rated BBB+ or better.

Public company transparency through regular SEC filings is provided because Medalist Diversified REIT, Inc. is publicly traded on NASDAQ under MDRR. This means the company files periodic reports with the Securities and Exchange Commission, including Form 10-K, Form 10-Q, and Form 8-K. You can review these filings at www.sec.gov by searching for MDRR.

The commitment to shareholder return is demonstrated by the declared quarterly cash dividend. The most recent declared amount was $0.0675 per share, payable on October 13, 2025, to holders of record as of October 9, 2025. This translates to an annual dividend of $0.27 per share.

Medalist Diversified REIT, Inc. offers a diversified portfolio across commercial property types. As of June 30, 2025, the portfolio owned and operated 12 developed properties. This diversification is segmented into:

• Retail Center Properties: 4 properties.
• Flex Center Properties: 3 properties.
• Single Tenant Net Lease (STNL) properties: 5 properties.

The company also held 3 undeveloped parcels as of that date.

The focus on properties essential to tenant operations is reflected in the investment strategy targeting investment-grade tenants and prioritizing credit quality and lease security. Furthermore, executive compensation figures are publicly disclosed, showing the Chairman of the Board, President, Chief Executive Officer, Secretary and Treasurer, Francis P. Kavanaugh, had a reported salary of $265.00K.

Here's a quick look at some key financial and operational metrics:

Metric	Value	As of Date/Period
Quarterly Cash Dividend Per Share	$0.0675	Declared Q3 2025
Annualized Dividend Per Share	$0.27	Forward
Total Developed Properties Owned	12	June 30, 2025
Market Capitalization	$0.014750557bn	Latest available
CEO Annual Compensation	$265.00K	Latest available

You should review the latest 10-Q filing for the most current portfolio valuation and cash flow figures. Finance: draft 13-week cash view by Friday.

Medalist Diversified REIT, Inc. (MDRR) - Canvas Business Model: Customer Relationships

You're looking at how Medalist Diversified REIT, Inc. (MDRR) manages its different customer groups as of late 2025. The relationships span from the broad public market to highly specific accredited investors and the tenants who occupy the real estate.

Transactional relationship with public common stock investors

The relationship with public common stock investors is primarily transactional, centered on the trading of shares on the NASDAQ exchange and the distribution of dividends. As of the close on December 4, 2025, the stock price was $13.57. The Current Market Cap was reported as $27.76M as of November 12, 2025. The REIT declared a quarterly cash dividend of $0.0675/share, payable to shareholders on October 13, 2025. As of August 7, 2025, the number of shares of Common Stock outstanding was 1,345,260. This relationship is supported by insider activity, such as the CFO, Charles Brent Winn Jr., purchasing shares for a total amount reaching $3,382 between December 3 and December 4, 2025.

Here is a snapshot of the public investor relationship metrics:

Metric	Value	Date/Period
Stock Price (Closing)	$13.57	December 4, 2025
Market Capitalization	$27.76M	November 12, 2025
Shares of Common Stock Outstanding	1,345,260	August 7, 2025
Latest Declared Quarterly Dividend	$0.0675/share	Payable October 13, 2025
CFO Direct Share Ownership	54,802 shares	Post December 4, 2025

Consultative, managed relationship with accredited DST investors

For accredited investors, Medalist Diversified REIT, Inc. offers a more consultative and managed relationship through its Delaware Statutory Trust (DST) program. The REIT, through its subsidiary MDRR Sponsor TRS, LLC, serves as the sponsor for this program as of June 30, 2025. This structure is designed to facilitate 1031 exchange transactions for investors. The relationship involves providing fractional ownership in investment-grade, single-tenant net lease (STNL) properties. Recent activity in this segment includes MDRR XXV DST 1 being party to a Contribution Agreement and a Loan Agreement on November 7, 2025. The value proposition for these investors centers on predictable monthly distributions and zero management responsibilities.

• Investment structure offers 100% tax deferral via 1031 exchange.
• Distributions are provided monthly from institutional assets.
• Properties are leased to investment-grade tenants (BBB+ or better).
• The leadership team brings institutional real estate backgrounds to the DST investments.

Direct, long-term leasing relationships with commercial tenants

The core of the operating business involves direct, long-term leasing relationships with commercial tenants across the portfolio. As of June 30, 2025, Medalist Diversified REIT, Inc. owned and operated 12 developed properties. This portfolio consisted of four retail center properties, three flex center properties, and five single tenant net lease (STNL) properties. The REIT recorded that during the six months ended June 30, 2025, four tenants notified the Company of their intent to terminate their leases early. The Investment property, net on the balance sheet stood at $59.9 million as of June 30, 2025. The company completed the sale of the Salisbury Marketplace Shopping Center, which had a carrying value transfer to held-for-sale of $9.4 million as of June 30, 2025, and was sold for $9.93 million.

The property portfolio composition as of mid-2025:

Property Type	Count (as of June 30, 2025)	Investment Property, Net (as of June 30, 2025)
Developed Properties Total	12	$59.9 million
Retail Center Properties	4	N/A
Flex Center Properties	3	N/A
Single Tenant Net Lease (STNL) Properties	5	N/A

Investor Relations team for shareholder communication

Shareholder communication is managed by dedicated personnel within the executive and finance teams. Kevin Egan is listed as a Company Contact for Investor Relations. Deron Colby Esq. serves as the Director of Strategic Finance and Investor Relations. The CEO, Francis P. Kavanaugh, and CFO, Charles Brent Winn Jr., are key figures in communicating the company's strategy and performance to stakeholders. The CEO was noted for purchasing common stock on November 14, 2025.

Providing objective, third-party due diligence reports (FactRight) for DSTs

While the specific mention of FactRight reports is not directly in the search results for 2025, the structure of the DST offering implies reliance on third-party validation for investment-grade assets. The DST program focuses on investment-grade tenants (BBB+ or better). The management team emphasizes bringing rigorous underwriting standards to every DST investment. The company's financial structuring in November 2025 involved agreements with Pinnacle Bank, which suggests external validation and partnership in structuring these offerings.

Medalist Diversified REIT, Inc. (MDRR) - Canvas Business Model: Channels

You're looking at how Medalist Diversified REIT, Inc. (MDRR) gets its offerings and information out to the world. It's a mix of public market access and targeted private placements, which is typical for a REIT structure like this.

NASDAQ Capital Market for Common Stock Trading (MDRR)

The common stock trades publicly on the NASDAQ Capital Market under the ticker MDRR. This is the primary channel for public equity investment and liquidity for shareholders. The structure allows for price discovery and public reporting requirements that feed into other channels, like investor information distribution.

Here are some key figures related to this channel as of late 2025 data points:

Metric	Value	Date/Context
Exchange	NASDAQ-CM	General Listing
Shares Outstanding	1,345,260	As of August 7, 2025
Recent Closing Price	$13.57	As of December 4, 2025
Market Capitalization	$14,928,475	Reported by NASDAQ
52 Week High/Low	$14.9955 / $9.55	Reported by NASDAQ
Average Volume	980	Reported by NASDAQ

The trading channel is supported by the company's financial health, which includes Total Cash (MRQ) of $1.94M and Cash from Operations (TTM) of $2.66M.

Private Placement Offerings for Delaware Statutory Trusts (DSTs)

Medalist Diversified REIT, Inc. uses its subsidiary, MDRR Sponsor TRS, LLC, to sponsor Delaware Statutory Trusts (DSTs) as a channel for 1031 exchange investors. These are private placement offerings, meaning they are restricted to accredited investors only. The focus here is on institutional-quality assets with investment-grade tenants.

The channel emphasizes transparency by linking DST offerings to the public company's filings. For example, a current offering, the Tesla Service Center DST, is backed by a property leased to Tesla, Inc., which has an S&P Credit Rating of BBB and reported $97.7B in 2024 Revenue. The total consideration for that specific property was $10,000,000.

Key characteristics of this distribution channel include:

• Investment-grade tenants rated BBB+ or better.
• Offerings are available only to investors meeting the accredited standard (e.g., net worth exceeding $1,000,000 excluding primary residence).
• The structure is designed for 1031 exchange tax deferral.
• The REIT sponsors the DST through its subsidiary, MDRR Sponsor TRS, LLC.

Direct Leasing and Property Management for Commercial Tenants

This is the core operational channel for generating rental income from the underlying assets. As of June 30, 2025, Medalist Diversified REIT, Inc. owned and operated 12 developed properties. The leasing activity is segmented across different property types.

The property mix channeled through direct leasing and management includes:

• Four retail center properties.
• Three flex center properties.
• Five single tenant net lease ("STNL") properties.

The company also holds three undeveloped parcels, which represent potential future leasing inventory. The leasing strategy focuses on commercial properties, including flex/industrial, neighborhood shopping centers, and STNL assets.

Corporate Website and SEC Filings for Investor Information

Information dissemination to the broader investor base relies on the corporate website, www.medalistreit.com, and mandatory regulatory filings. This channel ensures compliance and provides the public data that supports the DST channel's transparency claims.

The required public disclosures channeled through the SEC include:

• Form 10-Q (Quarterly Report), such as the one filed November 6, 2025.
• Form 8-K (Current Report) for material events.
• Form 10-K/A (Amended Annual Report).

The company is classified as a Non-accelerated filer and a Smaller reporting company as of its June 30, 2025 filing status. Contact for investor relations is listed via phone as (949) 415-6633.

Medalist Diversified REIT, Inc. (MDRR) - Canvas Business Model: Customer Segments

You're looking at the different groups Medalist Diversified REIT, Inc. (MDRR) serves, which is key to understanding where their cash flow comes from and where they focus their capital deployment efforts.

The customer base for Medalist Diversified REIT, Inc. (MDRR) is segmented across equity holders, debt/partnership interest holders, and the commercial tenants who occupy their real estate assets. As of late 2025, the structure shows a clear focus on both public market capital and direct property income.

The primary groups are:

• Public equity investors seeking dividend income and capital appreciation.
• Accredited investors utilizing 1031 exchanges for tax deferral.
• Middle-market companies as long-term commercial tenants.
• Institutional investors holding Operating Partnership (OP) Units.

For the public equity investors, the commitment to a dividend is a core part of the value proposition. The dividend metrics as of the third quarter of 2025 reflect this focus:

Metric	Value (as of late 2025)
Shares of Common Stock Outstanding (Aug 7, 2025)	1,345,260
Quarterly Cash Dividend Declared	$0.0675 per share
Annualized Dividend	$0.27
Current Yield	2.01%
Trailing Twelve Months (TTM) EPS Diluted (Nov 2025)	-$1.65 USD

The Operating Partnership (OP) Unit holders represent a distinct investor class, often including insiders and those involved in property contributions. The structure of the Operating Partnership, Medalist Diversified Holdings, LP, is central to the UPREIT structure. For the six months ended June 30, 2025, the allocation to noncontrolling unit holders was significant:

Metric	Value (Six Months Ended June 30, 2025)
Weighted Average % of OP's Net Income Allocated to Noncontrolling Holders	42.74%
Net Income Allocated to Noncontrolling Holders	$111,266
OP Units Issued for STNL Acquisitions (H1 2025)	$5.8 million (in value)
CEO Exchange for OP Units (Nov 2025)	2,405 units

The commercial tenants are the source of the REIT's operating revenue. Medalist Diversified REIT, Inc. (MDRR) owns a portfolio focused on specific commercial property types. This segment is crucial for generating the rental income that supports the dividend.

The property portfolio composition as of June 30, 2025, shows the direct customer base:

• Total Developed Properties Owned: 12
• Retail Center Properties: 4
• Flex Center Properties: 3
• Single Tenant Net Lease (STNL) Properties: 5

The financial scale of the property holdings directly impacts the tenant base size. Investment property, net, as reported in Q2 2025, stood at $59.9 million. The company has also been actively managing its asset base, completing the sale of the Salisbury Marketplace Shopping Center for $9.93 million.

Accredited investors and those using 1031 exchanges are served through the structure that allows for the issuance of OP Units, often in connection with property contributions, which is a common mechanism for tax-deferred exchanges into the REIT structure. The mention of a Delaware statutory trust (DST) program sponsorship further points to catering to investors seeking specific tax-advantaged real estate investment vehicles.

Medalist Diversified REIT, Inc. (MDRR) - Canvas Business Model: Cost Structure

You're looking at the cost side of the Medalist Diversified REIT, Inc. (MDRR) operation as of mid-2025. For a REIT, the cost structure is heavily weighted toward property-level expenses and the cost of capital. Here's the quick math on the major outflows for the second quarter of 2025, based on their reported results.

The primary recurring costs are tied directly to owning and operating the portfolio, which as of June 30, 2025, consisted of 12 developed properties, including retail, flex, and single-tenant net lease (STNL) assets.

Cost Component	Q2 2025 Amount (Millions USD)	Source Context
Property Operating Expenses	$2.20	Reported operating expenses for the quarter, representing a 5% year-over-year rise.
Interest Expense on Mortgages Payable	$0.56	Reported interest expense for the quarter, reflecting a 23% year-over-year fall.
Capital Expenditures (CapEx) Funded	$0.56	Cash funded for capital expenditures during the quarter.
Accrued Capital Expenditures (as of 6/30/2025)	$0.087017	Accrued CapEx reported on the June 30, 2025, balance sheet filing.

The cost structure is clearly dominated by the day-to-day running of the properties. Property operating expenses were $2.20 million in Q2 2025. That's the cost of keeping the lights on, paying property taxes, insurance, and routine maintenance across the retail, flex, and STNL segments.

Financing costs are the next big piece. Interest expense on mortgages payable for Q2 2025 settled at $0.56 million. It's good to see that figure drop by 23% compared to the prior year, which helps the bottom line, even if the overall net loss widened year-to-date due to the lack of a large property sale gain seen in 1H 2024.

For property upkeep, Medalist Diversified REIT, Inc. funded $0.56 million of CapEx during the quarter, a direct cash outlay for maintenance and improvements. Separately, the accrued capital expenditures on the balance sheet as of June 30, 2025, stood at $87,017.

When mapping out the full structure, you need to account for the corporate layer and the specialized program costs, even if the exact dollar amounts aren't broken out in the same line item for the quarter. These are structural costs that support the business model:

• General and administrative (G&A) costs for corporate overhead.
• Costs related to DST program sponsorship and compliance.

The G&A component is a fixed-cost element of being a publicly-traded REIT, covering executive salaries, SEC compliance, and back-office functions. You saw total expenses for the three months ended September 30, 2025, increase primarily due to higher legal, accounting, and other professional fees, which fall under this G&A umbrella. The DST program costs are embedded within the operations of MDRR Sponsor TRS, LLC, which is the entity formed to serve as the sponsor for the Delaware Statutory Trust (DST) program. These costs cover the institutional-quality PPMs (Private Placement Memorandums) and FactRight verification expenses necessary to support that specific revenue stream.

Medalist Diversified REIT, Inc. (MDRR) - Canvas Business Model: Revenue Streams

You're looking at how Medalist Diversified REIT, Inc. (MDRR) brings in the cash, which is key for any REIT analysis. Honestly, the top line shows some movement in 2025. For the second quarter of 2025, the reported revenue hit \$2.47 million, which represented a 7.1% year-over-year increase. Things kept moving, because by the third quarter of 2025, revenue was up to \$2.79 million, showing growth of 19.23% over the prior year's third quarter. The trailing twelve months revenue, as of that late 2025 check, stood at \$10.10 million. That's the baseline we work from.

The biggest chunk of that comes from the core business: rental income from the diversified portfolio of commercial properties. As of June 30, 2025, Medalist Diversified REIT, Inc. owned and operated a specific mix of assets through its Operating Partnership. This forms the foundation of the recurring revenue stream you need to track.

• Four retail center properties.
• Three flex center properties.
• Five single tenant net lease (STNL) properties.
• Three undeveloped parcels.

Next up, we look at the less predictable, but still important, revenue components. Gains from the sale of investment properties, often called capital recycling, are a factor. To give you context, the first half of 2025 saw a net loss of $\$(1.53)$ million, partly because the prior year's first half benefited from a \$2.8 million property-sale gain. Also, you need to account for fees and income generated from the Delaware Statutory Trust (DST) sponsorship program, which is managed through one of their subsidiaries.

Here's a quick snapshot of the reported revenue performance we have for 2025 so far:

Metric	Amount	Period/Date Reference
Q2 2025 Revenue	\$2.47 million	Reported August 2025
Q3 2025 Revenue	\$2.79 million	Reported late 2025
Trailing Twelve Months (TTM) Revenue	\$10.10 million	As of late 2025
1H 2024 Property Sale Gain (Contextual)	\$2.8 million	Used for comparison to 1H 2025 results

Finally, don't forget the newer, specialized revenue channels. Medalist Diversified REIT, Inc. operates Own Digital Treasury TRS, LLC, which was formed specifically to acquire and hold digital assets. While I don't have the exact 2025 income figure for that subsidiary yet, its existence signals a planned diversification in potential income sources beyond traditional real estate rents and DST fees. That's a definite area to watch for the next report.