Medalist Diversified REIT Stock (NASDAQ:MDRR)
Previous Close
$11.35
52W Range
$9.47 - $14.52
50D Avg
$11.32
200D Avg
$12.31
Market Cap
$14.06M
Avg Vol (3M)
$1.34K
Beta
0.57
Div Yield
$0.27 (2.38%)
MDRR Company Profile
Medalist Diversified REIT, Inc. was incorporated in Maryland on September 28, 2015. The company believes it began operating in a manner consistent with Real Estate Investment Trust (REIT) qualifications for its fiscal year ending December 31, 2017, and has since elected to be treated as a REIT for federal income tax purposes. Additionally, it serves as the general partner for Medalist Diversified Holdings, LP, a Delaware limited partnership established a day later on September 29, 2015. The company's core business involves the acquisition, enhancement, renovation, leasing, and ongoing management of income-generating real estate assets. Its investment strategy places a primary focus on commercial properties (including flexible industrial and retail spaces), multi-family residential complexes, and limited-service hotel properties. These holdings are strategically located in secondary and tertiary markets throughout the southeastern United States, with a strong anticipated presence in Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama.