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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $27M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Medalist Diversified REIT logo

Medalist Diversified REIT

MDRR
47
REIT - Diversified · Real Estate
Exchange
NASDAQ Capital Market
Winston Score
47
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Weak
Stability
Mixed
Valuation
Good
Dividends
Good

Winston Score History

The full picture

Medalist Diversified REIT is a small real estate investment trust that owns and manages commercial properties in the southeastern United States. Its portfolio focuses on flex-industrial and retail properties — buildings used by small businesses for light manufacturing, warehousing, and storefront operations. The company targets secondary and tertiary markets in states like Virginia, North Carolina, and South Carolina, where competition from larger REITs is less intense.

The company makes money by collecting rent from tenants who lease its properties, which is the standard model for REITs. Because it is very small — with a market cap near zero on a rounded basis — it has limited access to cheap capital compared to larger real estate companies, which makes growth through acquisitions difficult. The main risk the business faces is its tiny scale, which leaves it vulnerable to vacancies, rising interest rates on its debt, and limited ability to diversify if a few key tenants stop paying rent.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
60.2%
Premium pricing power — 60.2% gross margin
Profit after running costs
Operating Margin
28.1%
Excellent — 28.1% operating margin
Return on the money invested
ROCE
5.0%
Weak — 5.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
-0.7%
Shrinking sales (-0.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
8%
Weak — only 8% of profit becomes cash
Spare cash per sale
FCF Margin
-7.0%
Burning cash (-7.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.39
Conservative — low debt load (0.39)
Covers its interest
Interest Cover
0.74x
Dangerous — barely covers interest (0.7x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
3.0x
no trend
Attractive valuation — P/E 3.0

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
2.37%
no trend
Moderate income — 2.37% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+3.8%
no trend
Dividend growing modestly (3.8% YoY)

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