# Medalist Diversified, Inc. (MDRR)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/medalist-diversified-inc/ JSON: https://steadybase.io/company/medalist-diversified-inc.json Checked Nov 10, 2026. Latest filing read: Aug 13, 2026.

## Company

- Legal name: Medalist Diversified, Inc.
- Ticker: MDRR (Nasdaq)
- SEC CIK: 0001654595
- Industry: Real Estate Investment Trusts (SIC 6798)
- Headquarters: Richmond, VA
- Fiscal year ends: December 31
- SEC filer category: Non-accelerated filer<br>Smaller reporting company
- Website: medalistdiv.com
- LinkedIn: https://www.linkedin.com/company/medalist-diversified-reit-inc
- Next earnings date: Nov 9, 2026 (estimated from past 8-K timing)

## Key facts

- Revenue: $10.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/0001104659-26-022253-index.html
- Operating income: $547,902 for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/0001104659-26-022253-index.html
- Net income: -$2.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/0001104659-26-022253-index.html
- SG&A: $1.3M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 2, 2026). Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/0001104659-26-022253-index.html
- Shares outstanding: 1,628,500 as of Aug 13, 2026 (10-Q filed Aug 13, 2026). Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926095898/0001104659-26-095898-index.html
- Auditor: Cherry Bekaert LLP, Richmond, Virginia, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm

## Business

Medalist Diversified, Inc. was formed in 2015 as a Maryland corporation, to acquire, reposition, renovate, lease and manage income-producing properties., a Delaware limited partnership (the “Operating Partnership”) which was formed on September 29, 2015. Medalist Diversified, Inc. serves as the general partner of Medalist Diversified Holdings, LP.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $10.4M | $547,902 | -$2.4M | $1.3M |
| Dec 31, 2024 | $9.7M | $3.7M | $27,524 | $968,435 |
| Dec 31, 2023 | $10.3M | -$997,164 | -$4.6M | $484,345 |
| Dec 31, 2022 | $11.1M | -$1.4M | -$4.8M | $457,653 |
| Dec 31, 2021 | $11.5M | $814,504 | -$4.4M | $654,137 |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/medalist-diversified-inc.json

## Officers and directors

- Frank Kavanaugh, CHAIRMAN, CEO & PRESIDENT. Source: Form 4 filed Apr 17, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000127177526000009/0001271775-26-000009-index.htm
- Charles Brent Winn Jr., CHIEF FINANCIAL OFFICER. Source: Form 4 filed Sep 9, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000180847126000025/0001808471-26-000025-index.htm
- Brent Winn, Chief Financial Officer. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- David Lunin, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- Emanuel Neuman, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- Kory Kramer, independent member of the Board. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- Marc Carlson, independent member of the Board. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- Neil P. Farmer, Director. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- William R. Elliott, one of the owners of the Company’s former manager. Source: 10-K filed Mar 2, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- C. Brent Winn, Jr., Named in proxy. Source: DEF 14A filed May 15, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926061887/mdrr-20260616xdef14a.htm
- Emanuel D. Neuman, Board member (per proxy). Source: DEF 14A filed May 15, 2026, https://www.sec.gov/Archives/edgar/data/1654595/000110465926061887/mdrr-20260616xdef14a.htm

## Recent 8-K events

- Oct 19, 2026: Item 5.03, Amendments to articles or bylaws; change in fiscal year; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926116904/mdrr-20261019x8k.htm
- Oct 13, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926115493/mdrr-20261009x8k.htm
- Oct 6, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926114041/mdrr-20261006x8k.htm
- Sep 18, 2026: Item 2.01, Completion of acquisition or disposition of assets; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926108961/mdrr-20260917x8k.htm
- Sep 8, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.01, Completion of acquisition or disposition of assets; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926105902/mdrr-20260901x8k.htm
- Aug 20, 2026: Item 1.02, Termination of a material definitive agreement. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926099225/mdrr-20260818x8k.htm
- Aug 5, 2026: Item 2.01, Completion of acquisition or disposition of assets; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926090763/mdrr-20260731x8k.htm
- Jul 29, 2026: Item 2.01, Completion of acquisition or disposition of assets. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926088128/mdrr-20260729x8k.htm
- Jul 22, 2026: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926085800/mdrr-20260721x8k.htm
- Jul 13, 2026: Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1654595/000110465926082898/mdrr-20260713x8k.htm

## Insider trades (Form 4)

- Sep 9, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 49 shares, about $588. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000025/0001808471-26-000025-index.htm
- Sep 8, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 278 shares, about $3,336. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000023/0001808471-26-000023-index.htm
- Sep 3, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 4 shares, about $48. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000021/0001808471-26-000021-index.htm
- Aug 31, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 10 shares, about $120. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000017/0001808471-26-000017-index.htm
- Aug 28, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 259 shares, about $3,105. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000015/0001808471-26-000015-index.htm
- Aug 20, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 75 shares, about $863. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000013/0001808471-26-000013-index.htm
- May 22, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 1,640 shares, about $17,089. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000011/0001808471-26-000011-index.htm
- May 21, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 74 shares, about $833. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000009/0001808471-26-000009-index.htm
- May 19, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 481 shares, about $5,411. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000007/0001808471-26-000007-index.htm
- Mar 13, 2026: Frank Kavanaugh (CHAIRMAN, CEO & PRESIDENT) bought 40,000 shares, about $600,000. Source: https://www.sec.gov/Archives/edgar/data/1654595/000127177526000006/0001271775-26-000006-index.htm
- Mar 6, 2026: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 1,188 shares, about $13,613. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847126000004/0001808471-26-000004-index.htm
- Dec 12, 2025: Frank Kavanaugh (CHAIRMAN, CEO & PRESIDENT) bought 2,582 shares, about $33,541. Source: https://www.sec.gov/Archives/edgar/data/1654595/000127177525000012/0001271775-25-000012-index.htm
- Dec 10, 2025: Alfred Lee Finley (Director) sold 100,000 shares, about $1.5M. Source: https://www.sec.gov/Archives/edgar/data/1654595/000193618325000007/0001936183-25-000007-index.htm
- Dec 10, 2025: Charles Brent Winn Jr. (CHIEF FINANCIAL OFFICER) bought 400 shares, about $5,064. Source: https://www.sec.gov/Archives/edgar/data/1654595/000180847125000009/0001808471-25-000009-index.htm
- Dec 10, 2025: Frank Kavanaugh (CHAIRMAN, CEO & PRESIDENT) bought 70,000 shares, about $1.0M. Source: https://www.sec.gov/Archives/edgar/data/1654595/000127177525000010/0001271775-25-000010-index.htm

## Latest filings

- 8-K filed Oct 19, 2026: https://www.sec.gov/Archives/edgar/data/1654595/000110465926116904/mdrr-20261019x8k.htm
- 10-K filed Mar 2, 2026: https://www.sec.gov/Archives/edgar/data/1654595/000110465926022253/mdrr-20251231x10k.htm
- 10-Q filed Aug 13, 2026: https://www.sec.gov/Archives/edgar/data/1654595/000110465926095898/mdrr-20260630x10q.htm
- DEF 14A filed May 15, 2026: https://www.sec.gov/Archives/edgar/data/1654595/000110465926061887/mdrr-20260616xdef14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/