Medalist Diversified REIT, Inc. (MDRR)
Medalist Diversified REIT, Inc. operates in the REIT - Diversified industry of the Real Estate sector, headquartered in Richmond, VA, US. The stock last traded at $11.52, down 5.34% on the session, giving a market capitalisation of $14.3M. On trailing twelve-month figures it carries a trailing P/E of 1.95, a net margin of 74.7%. Its beta of 0.55 implies it has historically moved less than the broad market.
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.
Medalist Diversified REIT, Inc. is most often compared with the following Real Estate names: