8-K - Medalist Diversified REIT, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Medalist Diversified REIT, Inc. closed the $24.1 million sale of the Shops at Franklin Square property, using proceeds to retire associated debt, and declared a quarterly cash dividend of $0.0675 per share.

Key Takeaways

1The Company completed the sale of the Shops at Franklin Square for $24.1 million on March 30, 2026.

2Proceeds of $12,954,175 were used to defease and retire the mortgage loan secured by the property.

3The Board declared a quarterly cash dividend of $0.0675 per share payable on April 21, 2026.

4Unaudited pro forma financial statements reflect the impacts of the Franklin Square and prior dispositions.

5Pro forma total assets decreased to $65.5 million as of December 31, 2025, giving effect to the dispositions.

Current Report Details

Event Type

Asset Acquisition

Other Event

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.01

| Completion of Acquisition or Disposition of Assets. | |---|---| As previously disclosed in the Form 8-K filed with the Securities and Exchange Commission by

Asset Acquisition

$24.1M$13.0M

8.01

| Other Events | On April 1, 2026, the Company issued a press release, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.2 and is inc

Other Event

9.01

| Financial Statements and Exhibits. | (b) Unaudited Pro Forma Financial Information The following unaudited pro forma financial statements for the Company ar

Exhibits Only

Source Document

Capital Return

Dividend/Share

0.0675

Record Date

2026-04-15

Payable Date

2026-04-21

Transaction Details

Acquisition / Disposition

Target: Shops at Franklin Square, a 134,239 square foot retail property located in Gastonia, North Carolina
Consideration: $24,100,000
Structure: Asset sale by MDR Franklin Square, LLC (Seller) to PC Acquisitions, LLC (Purchaser)

•Purchase and Sale Agreement entered into on February 3, 2026
•Transaction closed on March 30, 2026

Debt / Financing

Instrument: Mortgage loan
Principal: 12954175
Use of Proceeds: Defeasance and retirement of obligations under the mortgage loan secured by the Franklin Square Property

Exhibits (3)

8-K

99.1

EX-99.1

99.2

EX-99.2