Name | Value |
---|---|
Revenues | 2,301.2K |
Cost of Revenue | 1,576.8K |
Gross Profit | 724.4K |
Operating Expense | 1,493.7K |
Operating I/L | 215.8K |
Other Income/Expense | -714.5K |
Interest Income | 0.0K |
Pretax | -498.7K |
Income Tax Expense | 23.0K |
Net Income/Loss | -521.7K |
Medalist Diversified REIT Inc. is a real estate investment trust (REIT) focused on acquiring, repositioning, renovating, leasing, and managing income-producing properties. The company primarily targets commercial properties such as flex-industrial and retail properties, multi-family residential properties, and limited service hotel properties in the southeastern United States, with a concentration in Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama. By investing in these properties, Medalist Diversified REIT Inc. generates revenue through rental income, property appreciation, and potential capital gains upon property disposition.