v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
REVENUE          
Total Revenue $ 1,808,422 $ 2,465,173 $ 3,967,687 $ 4,786,813  
OPERATING EXPENSES          
Bad debt expense 12,991   12,991 1,321  
Share based compensation expense     224,220 397,182  
Legal, accounting and other professional fees 453,236 315,785 869,015 742,354  
Corporate general and administrative expenses 231,661 357,377 579,850 772,933  
Loss on impairment 0 5,700 0 67,503  
Impairment of assets held for sale 465,327   465,327    
Depreciation and amortization 330,677 933,292 819,447 1,898,503  
Total Operating Expenses 2,137,232 2,196,601 4,478,350 5,123,597  
(Loss) gain on disposal of investment properties (65,207)   12,785,020    
Loss on extinguishment of debt   (27,066) (372,340) (27,066)  
Loss on redemption of mandatorily redeemable preferred stock       (9,375)  
Operating (Loss) Income (394,017) 241,506 11,902,017 (373,225)  
Interest expense 297,732 558,840 753,827 1,131,856  
Net (Loss) Income from Operations (691,749) (317,334) 11,148,190 (1,505,081)  
Other income 548,404 7,161 824,219 134,035  
Other expense (60,388) (20,990) (132,015) (49,216)  
Net (Loss) Income before Income Taxes (203,733) (331,163) 11,840,394 (1,420,262)  
Income tax (expense) benefit (2,388)   2,076,254   $ 0
Net (Loss) Income (206,121) (331,163) 13,916,648 (1,420,262)  
Less: Net income attributable to Operating Partnership noncontrolling interests 132,920 126,807 5,061,715 111,266  
Net (Loss) Income Attributable to Medalist Common Stockholders $ (418,684) $ (456,444) $ 8,548,125 $ (1,525,485)  
Earnings (Loss) per common share - basic (in dollars per share) $ (0.26) $ (0.34) $ 5.95 $ (1.13)  
Earnings (Loss) per common share - diluted (in dollars per share) $ (0.26) $ (0.34) $ 4.74 $ (1.13)  
Weighted-average number of shares - basic (in shares) 1,592,944 1,353,132 1,436,234 1,355,091  
Weighted-average number of shares - diluted (in shares) 1,592,944 1,353,132 1,804,846 1,355,091  
Dividends paid per common share (in dollars per share) $ 0.0675 $ 0.0675 $ 0.135 $ 0.1325  
Parkway Property          
OPERATING EXPENSES          
Less: Net income (loss) attributable to noncontrolling interests $ 1,652 $ (1,526) $ 184,990 $ (6,043)  
DST Entities          
OPERATING EXPENSES          
Less: Net income (loss) attributable to noncontrolling interests 77,991   121,818    
Investment property          
REVENUE          
Total Revenue 1,342,630 2,465,173 3,501,895 4,786,813  
OPERATING EXPENSES          
Operating expenses 401,806 $ 584,447 1,043,070 $ 1,243,801  
DST sponsorship program          
REVENUE          
Total Revenue 465,792   465,792    
OPERATING EXPENSES          
Operating expenses $ 241,534   $ 464,430