v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE    
Total Revenue $ 2,159,265 $ 2,321,640
OPERATING EXPENSES    
Bad debt expense   1,321
Share based compensation expense 224,220 397,182
Legal, accounting and other professional fees 415,779 426,569
Corporate general and administrative expenses 348,189 353,341
Loss on impairment 0 61,803
Depreciation and amortization 488,770 965,211
Total Operating Expenses 2,341,118 2,864,781
Gain on disposal of investment properties 12,850,227  
Loss on extinguishment of debt (372,340)  
Loss on redemption of mandatorily redeemable preferred stock   (9,375)
Operating Income (Loss) 12,296,034 (552,516)
Interest expense 456,095 573,016
Net Income (Loss) from Operations 11,839,939 (1,125,532)
Other income 275,815 126,874
Other expense (71,627) (28,226)
Net Income (Loss) before Income Taxes 12,044,127 (1,026,884)
Income tax benefit 2,078,642  
Net Income (Loss) 14,122,769 (1,026,884)
Less: Net income (loss) attributable to Operating Partnership noncontrolling interests 4,928,795 (15,541)
Net Income (Loss) Attributable to Medalist Common Stockholders $ 8,966,809 $ (1,006,826)
Earnings per common share - basic (in dollars per share) $ 7.01 $ (0.74)
Earnings per common share - diluted (in dollars per share) $ 4.85 $ (0.74)
Weighted-average number of shares - basic (in shares) 1,279,523 1,357,050
Weighted-average number of shares - diluted (in shares) 1,848,135 1,357,050
Dividends paid per common share (in dollars per share) $ 0.07 $ 0.07
Parkway Property    
OPERATING EXPENSES    
Gain on disposal of investment properties $ 1,040,870  
Parkway Property    
OPERATING EXPENSES    
Less: Net income attributable to noncontrolling interests 183,338 $ (4,517)
DST Entities    
OPERATING EXPENSES    
Less: Net income attributable to noncontrolling interests 43,827  
Investment property    
REVENUE    
Total Revenue 2,159,265 2,321,640
OPERATING EXPENSES    
Operating expenses 641,264 $ 659,354
DST program    
OPERATING EXPENSES    
Operating expenses $ 222,896