Medalist Diversified, Inc. · NASDAQ:MDRR
Medalist Diversified — Medalist Diversified REIT — Q3 2024 Earnings Presentation
15 slides from Medalist Diversified's earnings presentation, Jan 22, 2025
Slide 1: Supplemental 3Q24 Financial Information
Nasdaq: MDRR medalistreit.com Supplemental 3Q24 Financial Information Quarter Ended September 30, 2024 Exhibit 99.2
Slide 2: 3Q24 Overview: Key Highlights and Portfolio Data
© 2024, All Rights Reserved 3Q24 Overview Key Highlights and Portfolio Data 2 Medalist Diversified REIT (NASDAQ: MDRR) is a real estate investment trust that specializes in acquiring, owning, and managing value-add commercial real estate. As of September 30, 2024, our portfolio consists of 9 assets
Slide 3: Current Portfolio Composition: Single Tenant Net Lease
© 2024, All Rights Reserved Current Portfolio Composition Single Tenant Net Lease (STNL) Portfolio Highlights 3 Exhibit 99.2 Net-leased assets offer stability and predictable income streams, making them attractive investments. On March 28, 2024, the Company completed its acquisition of the Citibank
Slide 4: Current Portfolio Composition: Retail Portfolio Highlights
© 2024, All Rights Reserved Current Portfolio Composition Retail Portfolio Highlights 4 Exhibit 99.2 Our properties attract tenants that have proven to be resistant to COVID and recessionary impacts. 12.4% of our retail portfolio’s rent is derived from Amazon resistant experiential tenants. Our reta
Slide 5: Current Portfolio Composition: Flex / Industrial Portfolio Highlights
© 2024, All Rights Reserved Current Portfolio Composition Flex / Industrial Portfolio Highlights 5 Exhibit 99.2 We invest in “workforce” or “necessity” real estate because we believe it is more stable with lower turnover and less volatile economic swings. 28% of our rent is derived from non-retail “
Slide 6: Portfolio Diversification: Concentrated in High Growth Sunbelt Markets
© 2024, All Rights Reserved Portfolio Diversification Our Portfolio is Concentrated in High Growth Sunbelt Markets 6 Secondary and Tertiary market focus generates a more attractive return profile due to less competition from institutional investors. Sunbelt state focus provides growing markets where
Slide 7: Condensed Consolidated Statements of Operations
© 2024, All Rights Reserved Condensed Consolidated Statements of Operations 7 Exhibit 99.2 Three Months Ended September 30, 2024 2023 $ Change % Change Condensed Consolidated Statements of Operations Revenue Retail center property revenues $ 1,565,896 $ 1,874,188 $ (308,292) (16.4%) Flex center prop
Slide 8: Funds From Operations and Adj. Funds From Operations
© 2024, All Rights Reserved Funds From Operations and Adj. Funds From Operations 8 Exhibit 99.2 Three Months Ended September 30, 2024 2023 $ Change % Change Funds From Operations and Core Funds From Operations Net income (loss) $ (517,949) $ (1,946,360) $ 1,428,411 (73.4%) Depreciation of tangible r
Slide 9: EBITDA and Net Operating Income
© 2024, All Rights Reserved EBITDA and Net Operating Income 9 Exhibit 99.2 Three Months Ended September 30, 2024 2023 $ Change % Change EBITDA and Adjusted EBITDA Net Loss $ (517,949) $ (1,946,360) $ 1,428,411 (73.4%) Plus: Preferred dividends, including amortization of capitalized issuance costs 16
Slide 10: Non-GAAP Definitions and Explanations
© 2024, All Rights Reserved Non-GAAP Definitions and Explanations •Investors and analysts following the real estate industry utilize certain financial measures as supplemental performance measures, including net operating income ("NOI"), earnings before interest, taxes, depreciation and amortization
Slide 11: Non-GAAP Definitions and Explanations (continued)
© 2024, All Rights Reserved Non-GAAP Definitions and Explanations (continued) •NOI and EBITDA, do not represent cash generated from operating activities in accordance with U.S. GAAP and are not necessarily indicative of cash available to fund cash needs, including the repayment of principal on debt,
Slide 12: Non-GAAP Definitions and Explanations (continued)
© 2024, All Rights Reserved Non-GAAP Definitions and Explanations (continued) •We compute Core and Adjusted Earnings Metrics by adjusting the metric to exclude certain GAAP income and expense amounts that we believe are infrequent and unusual in nature and/or not related to our core real estate oper
Slide 13: Forward-Looking Statements and Risk Factors
© 2024, All Rights Reserved Forward-Looking Statements and Risk Factors •The information in this presentation should be read in conjunction with the accompanying earnings press release, as well as the Company's Annual Report on Form 10-Q and other information filed with the Securities and Exchange C
Slide 14: Forward-Looking Statements and Risk Factors (continued)
© 2024, All Rights Reserved Forward-Looking Statements and Risk Factors (continued) The following risks and uncertainties, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: industry and global and l
Slide 15: Forward-Looking Statements and Risk Factors (continued)
© 2024, All Rights Reserved Forward-Looking Statements and Risk Factors (continued) •Notice Regarding Non-GAAP Financial Measures •In addition to U.S. GAAP financial measures, this presentation contains and may refer to certain non-GAAP financial measures. These non-GAAP financial measures are in ad
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