Medalist Diversified, Inc. · NASDAQ:MDRR
Medalist Diversified — Medalist Diversified REIT — Q1 2024 Earnings Presentation
13 slides from Medalist Diversified's earnings presentation, Jan 22, 2025
Slide 1: Supplemental Financial Information Quarter Ended March 31, 2024
Nasdaq: MDRR medalistreit.com Financial Information Quarter Ended March 31, 2024 Salisbury Marketplace Salisbury, North Carolina Supplemental 1Q24 Exhibit 99.2
Slide 2: 1Q24 Overview: Key Highlights and Portfolio Data
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 2 Click to edit Master title style 1Q24 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 comm
Slide 3: Current Portfolio Composition: Single Tenant Net Lease Portfolio
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 3 Click to edit Master title style Current Portfolio Composition Single Tenant Net Lease (STNL) Portfolio Highlights Our strategic review led us to the decision to reposition ourselves as a REIT that focuses on Net-Leased as
Slide 4: Current Portfolio Composition: Retail Portfolio
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 4 Click to edit Master title style Current Portfolio Composition Retail Portfolio Highlights Our retail portfolio’s tenant brands speak for themselves. Our properties attract tenants that have proven to be resistant to COVID
Slide 5: Current Portfolio Composition: Flex / Industrial Portfolio
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 5 Click to edit Master title style Current Portfolio Composition Flex / Industrial Portfolio Highlights We invest in “workforce” or “necessity” real estate because we believe it is more stable with lower turnover and less vo
Slide 6: Portfolio Diversification: High Growth Sunbelt Markets
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 6 Click to edit Master title style Portfolio Diversification Our Portfolio is Concentrated in High Growth Sunbelt Markets Secondary and Tertiary market focus generates a more attractive return profile due to less competition
Slide 7: Condensed Consolidated Statements of Operations
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 7 Click to edit Master title style Condensed Consolidated Statements of Operations Exhibit 99.2 Three Months Ended March 31, 2024 2023 $ Change % Change Condensed Consolidated Statements of Operations Revenue Retail center p
Slide 8: Funds From Operations and Adjusted Funds From Operations
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 8 Click to edit Master title style Funds From Operations and Adjusted Funds From Operations Exhibit 99.2 Three Months Ended March 31, 2024 2023 $ Change % Change Funds From Operations and Core Funds From Operations Net Incom
Slide 9: EBITDA and Adjusted EBITDA
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 9 Click to edit Master title style EBITDA and Net Operating Income Exhibit 99.2 Three Months Ended March 31, 2024 2023 $ Change % Change EBITDA and Adjusted EBITDA Net Income (Loss) $ 1,932,901 $ (1,233,806) $ 3,166,707 (256
Slide 10: Non-GAAP Definitions and Explanations
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 10 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 opera
Slide 11: Non-GAAP Definitions and Explanations (continued)
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 11 Click to edit Master title style 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
Slide 12: Forward-Looking Statements and Risk Factors
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 12 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 Annual
Slide 13: Forward-Looking Statements and Risk Factors (continued)
Supplemental Information | As of March 31, 2024 © 2024, All Rights Reserved 13 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 refer t
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