Medalist Diversified REIT, Inc. Reports First Quarter 2023 Financial Results
Medalist Diversified REIT, Inc. (MDRR)
Company Research
Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (NASDAQ:MDRR) (the “Company”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today reported financial results for the three months ended March 31, 2023. In addition, the Company released supplemental financial information about its first quarter 2023 financial results.Key Highlights:Total revenues decreased by 15% to $2,460,976, down from $2,903,964 for the same quarter in 2022.Excluding Q1 2022 revenues from the Company’s Clemson Best Western Hotel, which it sold on September 29, 2022, revenues increased by 15%, which includes the impact of the Company’s acquisition of the Salisbury Marketplace Property on June 13, 2022.Operating loss was $340,716, an increased loss of $106,318 over the same quarter in 2022.Excluding Q1 2022 revenues and expenses from the Company’s Clemson Best Western Hotel, the 2023 operat
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MDRR
Sec Filings
- 4/8/24 - Form 8-K
- 3/29/24 - Form 8-K/A
- 3/28/24 - Form 8-K/A
- MDRR's page on the SEC website