For the quarter ending 2026-03-31, MDRR has $68,923,787 in assets. $29,037,824 in debts. $8,604,528 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Investment properties at cost | 32,542,283 | 52,571,161 | 65,377,371 | - |
| Less accumulated depreciation | 7,093,458 | 11,383,973 | 11,884,099 | - |
| Investment properties, net | 25,448,825 | 41,187,188 | 53,493,272 | 59,850,435 |
| Cash and cash equivalents | 8,604,528 | 2,631,964 | 1,886,677 | 1,950,829 |
| Restricted cash | 830,737 | 1,502,106 | 1,915,909 | 1,686,953 |
| Investment in marketable securities | 12,416,668 | - | - | - |
| Rent and other receivables, net of allowance of 0 as of march 31, 2026 and december 31, 2025 | 323,688 | 387,782 | 100,143 | 160,518 |
| Assets held for sale | 15,375,555 | 28,299,993 | 30,666,856 | 9,432,904 |
| Unbilled rent | 619,952 | 1,272,531 | 1,253,026 | 1,167,753 |
| Intangible lease assets, net | 1,174,129 | 1,259,021 | 1,798,255 | 1,925,758 |
| Other intangible assets | 423,352 | 293,902 | 122,738 | 55,004 |
| Deferred tax assets, net | 2,550,596 | - | - | - |
| Other assets | 1,155,757 | 905,124 | 867,495 | 1,426,994 |
| Total assets | 68,923,787 | 77,739,611 | 92,104,371 | 77,657,148 |
| Accounts payable and accrued liabilities | 1,124,848 | 1,011,528 | 1,702,384 | 1,385,444 |
| Liabilities associated with assets held for sale | 7,961,567 | 19,002,311 | 26,815,510 | 6,545,968 |
| Intangible lease liabilities, net | 754,472 | 784,987 | 862,730 | 895,349 |
| Mortgages payable, net | 19,196,937 | 32,828,863 | 37,728,594 | 43,509,578 |
| Total liabilities | 29,037,824 | 53,627,689 | 67,109,218 | 52,336,339 |
| Common stock, 0.01 par value, 750,000,000 shares authorized, 1,428,500 and 1,110,000 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 14,285 | 11,100 | 11,124 | 13,524 |
| Additional paid-in capital | 55,940,486 | 51,957,534 | 51,989,953 | 54,531,595 |
| Offering costs | 3,782,521 | 3,777,793 | 3,404,055 | 3,404,055 |
| Accumulated deficit | -29,869,847 | -38,761,731 | -38,219,239 | -37,732,004 |
| Total stockholders' equity | 22,302,403 | 9,429,110 | 10,377,783 | 13,409,060 |
| Noncontrolling interests-Parkway Property | 8,490 | 378,105 | 384,746 | 390,826 |
| Noncontrolling interests-Delaware Statutory Trust Entities | 2,136,562 | - | - | - |
| Noncontrolling interests - operating partnership | 15,438,508 | 14,304,707 | 14,232,624 | 11,520,923 |
| Total equity | 39,885,963 | 24,111,922 | 24,995,153 | 25,320,809 |
| Total liabilities and equity | 68,923,787 | 77,739,611 | 92,104,371 | 77,657,148 |
Medalist Diversified, Inc. (MDRR)
Medalist Diversified, Inc. (MDRR)