Medalist Diversified Real Estate Investment Trust, Inc. a Maryland corporation formed on September 28, 2015. Beginning with the taxable year ended December 31, 2017, the REIT has elected to be taxed as a real estate investment trust for federal income tax purposes. The REIT serves as the general partner of Medalist Diversified Holdings, LP (the Operating Partnership) which was formed …
Full MDRR analysis →
Competitive advantage assessment
Key risks
Weak NOI MarginsNOI margins lag peers (score 0.33), indicating weak pricing power.
Medalist Diversified REIT, Inc. ranks #19 of 20
scored companies in REIT - Diversified by moat score — the top 95%.
The widest moat in the group is Gladstone Commercial Corporatio (GOOD)
at 78/100.
Moat scores for companies ranked near MDRR in REIT - Diversified
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 22
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 31
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 42
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 33
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 24
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is Medalist Diversified REIT, Inc.'s moat score?
Medalist Diversified REIT, Inc. (MDRR) scores 29 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #19 of 20 scored companies in REIT - Diversified, the top 95%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in REIT - Diversified. Its strongest defense is Capital Recycling & Growth (42/100) and its weakest is Rent Pricing Power (22/100).
How does Medalist Diversified REIT, Inc. compare with other REIT - Diversified companies?
Medalist Diversified REIT, Inc. ranks #19 of 20 scored companies in REIT - Diversified by moat score. The widest moat in REIT - Diversified is Gladstone Commercial Corporatio (GOOD) at 78/100. The companies ranked closest are Generation Income Properties Inc Warrant (GIPRW) at 30 just above it and NexPoint Diversified Real Estat (NXDT) at 14 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in REIT - Diversified. The defenses are then weighted to produce the overall score out of 100.
Why is Medalist Diversified REIT, Inc. scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Medalist Diversified REIT, Inc.?
The REIT Specialized template measures 6 defenses, and MDRR scores: Rent Pricing Power (22), AFFO Strength (22), Balance Sheet & Cost of Capital (31), Capital Recycling & Growth (42), Operational Efficiency (33), Portfolio Quality & Diversification (24). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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