Medalist Diversified, Inc. · NASDAQ:MDRR
Medalist Diversified — Medalist Diversified REIT — FY2023 Earnings Presentation
12 slides from Medalist Diversified's earnings presentation, Apr 8, 2024
Slide 1: Financial Information Year Ended December 31, 2023 Supplemental
Nasdaq: MDRR medalistreit.com Financial Information Year Ended December 31, 2023 Salisbury Marketplace Salisbury, North Carolina Supplemental 2023 Exhibit 99.2
Slide 2: 2023 Overview: Key Highlights and Portfolio Data
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 2 Click to edit Master title style 2023 Overview Key Highlights and Portfolio Data Medalist Diversified REIT (NASDAQ: MDRR) is a real estate investment trust that specializes in acquiring, owning, and managing value-add c
Slide 3: Current Portfolio Composition: Retail Portfolio Highlights
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 3 Click to edit Master title style Current Portfolio Composition Retail Portfolio Highlights Our tenant brands speak for themselves Our properties attract tenants that have proven to be resistant to COVID and recessionary
Slide 4: Current Portfolio Composition: Flex / Industrial Portfolio Highlights
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 4 Click to edit Master title style Current Portfolio Composition Flex / Industrial Portfolio Highlights Retail 76% Flex 24% RENT We invest in “workforce” or “necessity” real estate because we believe it is more stable wit
Slide 5: Portfolio Diversification
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 5 Click to edit Master title style Portfolio Diversification Focus on VA, NC, SC, AL, FL and GA Secondary and Tertiary market focus generates a more attractive return profile due to less competition from institutional inv
Slide 6: Consolidated Statements of Operations
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 6 Click to edit Master title style Consolidated Statements of Operations Twelve Months Ended December 31, 2023 2022 $ Change % Change Consolidated Statements of Operations Revenues: Retail center property revenues $ 7,768
Slide 7: Funds From Operations and Adjusted Funds From Operations
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 7 Click to edit Master title style Funds From Operations and Adjusted Funds From Operations Twelve Months Ended December 31, 2023 2022 $ Change % Change Funds From Operations and Normalized Funds From Operations Net incom
Slide 8: EBITDA and Adjusted EBITDA
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 8 Click to edit Master title style EBITDA and Net Operating Income Twelve Months Ended December 31, 2023 2022 $ Change % Change EBITDA and Adjusted EBITDA Net income (loss) $ (4,573,354) $ (4,732,214) $ 158,860 (3.4%) Plu
Slide 9: Non-GAAP Definitions and Explanations
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 9 Click to edit Master title style Non-GAAP Definitions and Explanations Investors and analysts following the real estate industry utilize certain financial measures as supplemental performance measures, including net ope
Slide 10: Non-GAAP Definitions and Explanations (continued)
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 10 Click to edit Master title style Non-GAAP Definitions and Explanations (continued) NOI, Same Property NOI, and EBITDA, do not represent cash generated from operating activities in accordance with U.S. GAAP and are not
Slide 11: Forward-Looking Statements and Risk Factors
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 11 Click to edit Master title style 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 Ann
Slide 12: Forward-Looking Statements and Risk Factors (continued)
Supplemental Information | As of December 31, 2023 © 2024, All Rights Reserved 12 Click to edit Master title style 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 refe
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