Medalist Diversified, Inc.
Close on Oct 19, 2026
- Market cap
- $17.04M
- P/E (TTM)
- 2.8
- Dividend yield
- 2.50%
About Medalist Diversified
Real Estate Investment Trusts, SIC 6798
Medalist Diversified, Inc. is a real estate investment and management company that acquires, repositions, renovates, and operates income-producing real estate. The firm organizes its portfolio into three primary reporting segments: retail centers, flex centers, and single-tenant net lease (STNL) properties. In addition to direct property holdings, the company sponsors a Delaware Statutory Trust (DST) platform through its operating partnership. This program acquires net-lease properties in sectors such as retail, medical, and industrial/warehouse to syndicate beneficial interests to private placement investors. Medalist Diversified primarily leases spaces to commercial occupants, including middle-market businesses and nationally recognized single tenants.
The company owns ten investment properties, which include four STNL locations, three retail properties, and three flex/industrial facilities, such as an automotive service and sales facility in Pensacola, Florida. Its real estate strategy emphasizes metropolitan markets in California, the mountain states, and the southeastern United States. The organization maintains its principal office in Richmond, Virginia.
Summary of the business section of Medalist Diversified's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Medalist Diversified, Inc.
- Founded
- 2015
- Headquarters
- Richmond, VA
- Address
- Po Box 8436 23226
- Phone
- (804) 338-7708
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Cherry Bekaert LLP, Richmond, Virginia
Stock & identifiers
- Ticker
- MDRR
- Exchange
- Nasdaq
- IPO date
- Nov 28, 2018
- Shares outstanding
- 2M, Aug 13, 2026
- Public float
- $6.92M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-2 reverse, Aug 9, 2024; 1-for-2 reverse, Jul 3, 2024; 1-for-8 reverse, May 4, 2023; 1-for-8 reverse, May 3, 2023
- SEC CIK
- 1654595
- CUSIP
- 58403P402
- ISIN
- US58403P4028
- LEI
- 549300YQJ014Y3GPL792
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Frank Kavanaugh | CHAIRMAN, CEO & PRESIDENT, Director | 846,177 |
| Charles Brent Winn Jr. | CHIEF FINANCIAL OFFICER | 63,260 |
| Marc Carlson | Director | 3,039 |
| Neil P. Farmer | Director | 14,258 |
| Emanuel D. Neuman | Director | 14,378 |
| David Lunin | Director | 6,066 |
| Alfred Lee Finley | Director | 2,616,659 |
| Kory J. Kramer | Director | 142,078 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Francis P.Kavanaugh | $274.06K | $274.06K | $274.07K | $114 | – |
| FY2024 Francis P.Kavanaugh | $265.00K | $265.00K | $250.00K | $121 | – |
| FY2024 Mr.Kavanaugh | $265.00K | $265.00K | $250.00K | $121 | – |
| FY2022 Mr.Messier | $63.30K | $63.30K | $211.47K | $59 | – |
| FY2022 Thomas E.Messier | $63.30K | $63.30K | $211.47K | $59 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings