Medalist Diversified REIT Reports Strong 2024 Financial Results

Medalist Diversified REIT ( (MDRR) ) just unveiled an update.

On March 14, 2025, Medalist Diversified REIT announced its financial results for the year ended December 31, 2024. The company reported a net income per diluted share of $0.024 and funds from operations (FFO) per diluted share of $1.52, indicating strong operational efficiency and portfolio stability. The adjusted funds from operations (AFFO) per diluted share was $1.09, supporting dividends and portfolio performance. The same-store net operating income (SS NOI) increased by 4.6% year-over-year, with significant growth in flex industrial properties. Medalist completed the acquisition of a property for $2.4 million and divested another for $3.1 million in 2024, optimizing its portfolio. The results highlight the resilience of Medalist’s investment strategy and its focus on delivering long-term value to shareholders.

More about Medalist Diversified REIT

Medalist Diversified REIT, Inc. (NASDAQ: MDRR) is a Virginia-based real estate investment trust that specializes in acquiring, owning, and managing value-add commercial real estate properties. The company focuses on properties in the Southeast and Illinois, with a diversified portfolio that includes retail, flex industrial, and net lease properties.

YTD Price Performance: -6.20%

Average Trading Volume: 4,057

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $21.68M

For detailed information about MDRR stock, go to TipRanks’ Stock Analysis page.