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Stock impact report

Medalist Diversified REIT, Inc. Reports Fourth Quarter and Full Year 2021 Results

Medalist Diversified REIT, Inc. (MDRR) 
Company Research Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Medalist Diversified REIT, Inc. (NASDAQ:MDRR), 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 year ended December 31, 2021 and provided an update on its corporate activities. In addition, the Company released supplemental financial information about its fourth quarter financial results.Key Highlights:Year ended December 31, 2021Total revenues were $11.48 million, representing a 24% increase over revenues for 2020.Same property revenues increased 11% year over year.Net operating income increased 57% to $6.44 million, up from $4.09 million for 2020.Same property NOI increased 31% year over yearNet loss attributable to common shareholders was $4.36 million, or $(0.33) per basic and diluted share, compared to a net loss attributable to common shareholders of $8.18 million, or $(1.74) per basic and diluted Show less Read more
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