Medalist Diversified, Inc. · NASDAQ:MDRR
Medalist Diversified — Medalist Diversified REIT — Investor Presentation (May 2022)
24 slides from Medalist Diversified's investor presentation, May 9, 2022
Slide 1: Medalist Diversified REIT May 2022 Presentation
LAS ( MEDALIST May 2022 Presentation DIVERSIFIED REIT, INC.
Slide 2: Disclaimers
Disclaimers Forward - Looking Statements . This presentation contains certain statements that may be deemed to be “forward looking statements” within the meaning of Section 27 A of the Securities Act and Section 21 E of the Securities Exchange Act of 1934 , as amended . To the extent that the inform
Slide 3: Experienced Team
3 Experienced Team William Elliott Director, Vice Chairman & President ▪ 30 + years of commercial real estate experience, sourcing, acquiring and managing investment properties ▪ Former Managing Partner of Prudential Commercial Real Estate, President of Virginia Realty and Development Company, Presi
Slide 4: About Medalist Diversified REIT
About Medalist Diversified REIT Our Property Managers ▪ Externally managed by Medalist Fund Manager and i nvests in commercial real estate located in the Southeast ▪ Approximately $55mm in equity raised from high net worth individuals, small institutions and retail investors ▪ Portfolio currently co
Slide 5: Medalist Diversified REIT – Portfolio Overview
5 Medalist Diversified REIT – Portfolio Overview ▪ Portfolio currently consists of 8 properties – 4 Retail, 3 Industrial/Flex and 1 Hotel ▪ Invested in 553,281 square feet of retail, 218,269 square feet of flex/industrial and one hotel with a total of 148 rooms ▪ Retail and flex/industrial portfolio
Slide 6: Objectives: Cash Flow and Appreciation
Medalist Diversified REIT Objectives: Cash Flow and Appreciation Proprietary Investment Sourcing Rigorous Due Diligence Appropriate Exit Strategy Hands - On Portfolio Management Disciplined Pricing and Leverage Focus on Value - Add Properties ▪ Medalist believes that its focus on commercial real est
Slide 7: MDR's Investment Criteria
MDR’s Investment Criteria HEADQUARTERS MDR TARGET MARKETS Target Investment Criteria ▪ Average target property value between $5MM - $30MM ▪ Focus on VA, NC, SC, GA, FL and AL ▪ Target asset types include – Industrial/Flex, Multifamily, Retail, and Hospitality ▪ Investment opportunities in the Southe
Slide 8: Acquisition Stage and Procedures
1) DEAL NOTIFICATION 2) INITIAL ANALYSIS 3) DESKTOP UNDERWRITING 4) PROPERTY SITE VISIT 5) INVESTMENT COMMITTEE 6) FINAL DUE DILIGENCE 7) CLOSE Acquisition Stage Acquisition Procedures 1) Identify deal through proprietary relationships, brokers, and other proven sources 2) Does property meet REIT cr
Slide 9: Publicly-Traded REIT Benefits
Provides Market Access to Ownership of Portfolio Asset Transparency ▪ Public SEC filer ▪ Corporate governance, required to comply with Sarbanes - Oxley Act and Nasdaq Capital Market requirements Liquidity ▪ Ability to buy/sell MDR stock on the Nasdaq Capital Market ▪ MDR stock is listed under the sy
Slide 10: Portfolio Overview: MDR's Current Properties
Portfolio Overview: MDR’s Current Properties
Slide 11: Franklin Square
▪ MDR’s first acquisition, Franklin Square is a 134 , 299 square foot shopping center located in Gastonia, North Carolina, which is in the Charlotte, North Carolina MSA ▪ Current tenants include, Ashley Furniture, Farmers Insurance, Armed Forces Recruiting, 6 other national tenants and 3 local tenan
Slide 12: Lancer Center
▪ Lancer Center is a 178 , 626 square foot grocery anchored shopping center which includes tenants KJ’s Market, Badcock Furniture, Big Lots and Harbor Freight Tools among it’s 20 total tenants ▪ The property is located in Lancaster, South Carolina less than an hour drive from Charlotte, North Caroli
Slide 13: Hanover Square North
▪ The shops at Hanover Square North is a 73 , 440 SF retail center located in Mechanicsville, Virginia, which is located within Hanover County, a growth market in the MSA of Richmond, Virginia ▪ As of 2016 , the Metro Richmond area had a population of 1 , 263 , 617 ▪ 97 % of the square footage is cu
Slide 14: Ashley Plaza
▪ Ashley Plaza is a 160 , 356 square foot retail center located in Goldsboro, North Carolina, less than an hour from Raleigh, North Carolina, one of the largest cities in the state . It is an attractive shopping center and is situated in the area’s main retail corridor ▪ The current occupancy rate i
Slide 15: Clemson Best Western Hotel
▪ The Clemson Best Western Hotel is a 148 - room hotel located in Clemson, South Carolina, less than a mile from Clemson University . Clemson University has over 24 , 000 students and over 5 , 000 faculty and staff . ▪ The hotel also includes a restaurant, bar and conference facility . The property
Slide 16: Brookfield Center
▪ Brookfield Center is a 66,000 square foot flex/industrial property located in Greenville, South Carolina. Greenville is one of America’s emerging destinations and fastest growing cities. It is located off I - 85 between Charlotte, North Carolina and Atlanta, Georgia. ▪ The property is occupied by
Slide 17: Greenbrier Business Park
Medalist Diversified REIT, Inc. – Greenbrier Business Park ▪ Greenbrier Business Park is a 90 , 000 square foot flex/industrial property located in Chesapeake, Virginia which is part of the greater Hampton Roads area . The Hampton Roads area includes Virginia Beach, Norfolk and Newport News . Popula
Slide 18: Parkway Property
Medalist Diversified REIT, Inc. – Parkway Property ▪ The property benefits from immediate access to the Lynnhaven Parkway corridor, a major commercial thoroughfare, and close proximity to Oceana Industrial Park . This central location in the heart of Virginia Beach provides quick and direct access t
Slide 19: Medalist Diversified REIT – Financial Trends
Medalist Diversified REIT – Financial Trends
Slide 20: Definitions
Definitions EBITDA is net income, as defined by U . S . GAAP, plus preferred dividends, interest expense, including amortization of financing costs, depreciation and amortization, net amortization of acquired above and below market lease revenue, loss on impairment, and impairment of assets held for
Slide 21: Retail and Flex Property Revenues
Retail and Flex Property Revenues (200,000) - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Retail center property revenues Flex center property revenues Linear
Slide 22: EBITDA and NOI
EBITDA and NOI - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 EBITDA Net Operating Income - NOI Primary COVID Impact
Slide 23: FFO and AFFO
FFO and AFFO (2,000,000) (1,500,000) (1,000,000) (500,000) - 500,000 1,000,000 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Primary COVID Impact
Slide 24: Investment Highlights
Experienced Management Team Strong Investment Track Record Strategy of Opportunistic Investing Market Opportunity Investment Highlights
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