Medalist Diversified REIT (FY 2025) reported total revenues of USD 10.4 million, operating income of USD 547,902, and a net loss of USD 1.9 million. Net loss attributable to common stockholders was USD 2.4 million. Funds from operations (FFO) were USD 1.9 million and adjusted funds from operations (AFFO) were USD 716,349. Cash and restricted cash totaled USD 4.1 million at December 31, 2025, and total mortgages payable were USD 33.1 million. Portfolio occupancy was 94.3% at December 31, 2025 across 747,923 square feet. Key 2025 actions included the acquisition of a Tesla facility in Pensacola, Florida for USD 14.5 million, the launch of its Delaware statutory trust $(DST)$ sponsorship program following the contribution of the Tesla property to the XXV DST (and a USD 7.7 million Pinnacle Bank mortgage plus an interest rate swap fixing the rate at 5%), and property sales including Salisbury Marketplace for USD 9.9 million. The company also said it revoked its REIT election effective January 1, 2026 and changed its name to Medalist Diversified, Inc. effective March 2, 2026 as it shifts focus to building its DST program and fee income.

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