MDRR.NASDAQMedalist Diversified Reit, INC

SCHEDULE: Medalist REIT CEO Boosts Stake to 58.94%

Sentiment:

Beneficial Ownership Amendment

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Francis P. Kavanaugh, CEO of Medalist Diversified REIT, Inc., significantly increased his beneficial ownership to 58.94% through recent open market and private purchases.

Better than expectedThe CEO's significant increase in beneficial ownership, reaching nearly 60% of the company, is a strong indicator of management's confidence in the company's prospects, which is generally viewed positively by the market.

Summary

  • Francis P. Kavanaugh, President and CEO of Medalist Diversified REIT, Inc., has increased his beneficial ownership in the company to 1,163,385.97 shares.
  • This represents approximately 58.94% of the total issued and outstanding Common Stock, calculated based on 1,973,790.97 shares outstanding as of December 10, 2025.
  • The ownership includes both Common Stock and Operating Partnership (OP) Units convertible into Common Stock.
  • Recent acquisitions include open market purchases of 7,063 shares on December 5, 2025, 958 shares on December 8, 2025, and 10,000 shares on December 10, 2025.
  • Additionally, 60,000 shares were purchased on December 10, 2025, from Alfred L. Finley and Susan J. Finley via a Stock Purchase Agreement.
  • The calculation of beneficial ownership includes OP Units that are currently redeemable or will become redeemable within 60 days or shortly thereafter, specifically 14,546.97 OP Units by January 15, 2026, 209,600 OP Units by January 24, 2026, and 251,600 OP Units by February 21, 2026.

Sentiment

Score: 9

Explanation: The substantial increase in beneficial ownership by the CEO, reaching a dominant stake, signals very strong insider confidence and alignment with shareholder interests, which is a highly positive indicator.

Positives

  • The CEO, Francis P. Kavanaugh, has significantly increased his beneficial ownership, demonstrating strong confidence in the company's future.
  • The aggregate beneficial ownership of 58.94% by the CEO indicates substantial insider alignment with shareholder interests.
  • Recent open market purchases suggest a belief that the stock is undervalued or poised for growth.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

  • Shareholders: Increased confidence due to significant insider buying, potentially leading to positive share price movement.
  • Management: Francis P. Kavanaugh's increased stake further solidifies his control and influence over the company's strategic direction.

Next Steps

  • Conversion or redemption of 14,546.97 OP Units as of January 15, 2026.
  • Conversion or redemption of 209,600 OP Units as of January 24, 2026.
  • Conversion or redemption of 251,600 OP Units as of February 21, 2026.

Key Dates

DateDescription
January 17, 202519,348.50 OP Units became redeemable.
March 28, 2025208,695.5 OP Units became redeemable.
October 11, 2025160,000 OP Units became redeemable.
December 5, 2025Reporting Person purchased 7,063 shares of Common Stock on the open market.
December 8, 2025Reporting Person purchased 958 shares of Common Stock on the open market.
December 10, 2025Reporting Person purchased 10,000 shares of Common Stock on the open market.
December 10, 2025Reporting Person purchased 60,000 shares of Common Stock from Alfred L. Finley and Susan J. Finley pursuant to a Stock Purchase Agreement.
December 10, 2025Date of event which requires filing of this statement.
December 12, 2025Date of filing of this Amendment No. 9 to Schedule 13D.
January 15, 202614,546.97 OP Units will become redeemable.
January 24, 2026209,600 OP Units will become redeemable.
February 21, 2026251,600 OP Units will become redeemable.

Recommendation

strong buy

The CEO's decision to increase his beneficial ownership to nearly 60% of the company, through both open market and private purchases, is a powerful signal of conviction in Medalist Diversified REIT's intrinsic value and future performance. Such a substantial insider stake suggests strong alignment of interests between management and shareholders, and often precedes positive operational or strategic developments. This aggressive accumulation by a key insider warrants a 'strong buy' recommendation, as it indicates a belief that the stock is significantly undervalued or poised for substantial growth.

Keywords

Medalist Diversified REIT, REIT, Francis P. Kavanaugh, beneficial ownership, insider buying, common stock, OP Units, real estate investment trust, stock purchase agreement

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