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Press Release: Medalist Diversified REIT, Inc Provides Corporate Update and Reports Third Quarter 2021 Results

Press Release: Medalist Diversified REIT, Inc Provides Corporate Update and Reports Third Quarter 2021 Results

新闻稿:获奖者多元化房地产投资信托基金(Diversified REIT,Inc.)提供公司最新信息,并报告2021年第三季度业绩
Dow Jones Newswires ·  2021/11/15 21:30

Medalist Diversified REIT, Inc Provides Corporate Update and Reports Third Quarter 2021 Results

获奖者Diversified REIT,Inc.提供公司最新信息并报告2021年第三季度业绩


RICHMOND, Va.--(BUSINESS WIRE)--November 15, 2021--
弗吉尼亚州里士满--(美国商业新闻网)--2021年11月15日--

Medalist Diversified REIT, Inc. (NASDAQ:MDRR), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today reported financial results for the third quarter ended September 30, 2021 and provided an update on its corporate activities.

总部位于弗吉尼亚州、专门收购、拥有和管理美国东南地区商业房地产的房地产投资信托公司Medant Diversified REIT,Inc.(纳斯达克代码:MDRR)今天公布了截至2021年9月30日的第三季度财务业绩,并提供了公司活动的最新情况。

Key Highlights:

主要亮点:


-- For the nine months ended September 30, 2021, net loss attributable to
common shareholders was $3.83 million, or $(0.32) per basic and diluted
share, compared to a net loss attributable to common shareholders of
$4.58 million, or $(0.98) per basic and diluted common share, for the
nine months ended September 30, 2020, representing an improvement of
$0.66 per basic and diluted common share
-- For the three months ended September 30, 2021, net loss attributable to
common shareholders was $0.87 million, or $(0.05) per basic and diluted
share, compared to a net loss attributable to common shareholders of
$1.29 million, or $(0.27) per basic and diluted share, for the three
months ended September 30, 2020, representing an improvement of $0.22 per
basic and diluted share
-- Net operating income increased 55% to $1.57 million in the third quarter,
up from $1.01 million in Q3 2020; for the nine months ended September 30,
2021, net operating income increased 57% to $4.65 million, up from $2.96
million in the year ago period
-- 76% year-over-year increase in the square footage of retail and flex
properties, ending the third quarter of 2021 with six properties
encompassing 700,831 square feet, compared to 397,874 square feet as of
the end of the third quarter of 2020.
-- Average occupancy rate for the Company's six retail and flex properties
increased to 94.2% as of September 30, 2021, compared to 91.9% on
September 30, 2020 for the Company's four retail and flex properties
owned on September 30, 2020.
-- 100% average occupancy rate for 148-room hotel property for the nine
months ended September 30, 2021, compared to 29.6% in the nine months
ended September 30, 2020
-- EBITDA increased 58% to $0.88 million in the third quarter, up from $0.56
million in the year ago period; for the nine months ended September 30,
2021, EBITDA increased 42% to $1.26 million, up from $0.86 million in the
year ago period
-截至2021年9月30日的9个月,可归因于普通股股东为383万美元,或每股基本稀释后0.32美元股份,相比之下,普通股股东应占净亏损458万美元,或每股基本普通股和稀释后普通股0.98美元截至2020年9月30日的9个月,代表着每股基本和稀释后普通股0.66美元-截至2021年9月30日的三个月,可归因于普通股股东为87万美元,或每股基本稀释后0.05美元股份,相比之下,普通股股东应占净亏损三者为129万美元,或每股基本和稀释后每股0.27美元截至2020年9月30日的几个月,每增加0.22美元基本股份和稀释股份-第三季度净营业收入增长55%,达到157万美元。高于2020年第三季度的101万美元;截至9月30日的9个月,2021年,净营业收入增长57%,从2.96美元增至465万美元去年同期为百万美元-零售和灵活市场面积同比增长76%房产,截至2021年第三季度,共有6处房产面积为700,831平方英尺,相比之下,截至2013年底,这一数字为397,874平方英尺2020年第三季度末。-公司六个零售和灵活物业的平均入住率截至2021年9月30日,这一比例增至94.2%,而截至2021年9月30日,这一比例为91.9%2020年9月30日,该公司的四个零售和FLEX物业拥有日期为2020年9月30日。-这9家酒店148间客房的平均入住率为100%截至2021年9月30日的几个月,相比之下,前九个月为29.6%截至2020年9月30日-第三季度EBITDA增长58%,达到88万美元,高于去年同期的0.56美元去年同期为100万美元;截至9月30日的9个月,2021年,EBITDA增长42%,达到126万美元,高于上年的86万美元一年前的时期

"Our third quarter results continue to demonstrate the Company's successful emergence from last year's challenges in the early days of COVID," stated, Thomas E. Messier, Chairman and Chief Executive Officer of the Company. "Our strategy to further improve the position of our portfolio in 2021, by selling the Hampton Inn property, which closed in August 2021, and acquiring new cash-flowing properties with funds from our April 2021 common stock offering, is showing a positive impact on our financial results."

公司董事长兼首席执行官托马斯·E·梅西耶说:“我们第三季度的业绩继续表明,公司成功地摆脱了去年COVID成立初期的挑战。”我们在2021年进一步改善投资组合地位的战略,即出售2021年8月关闭的汉普顿酒店(Hampton Inn)物业,并用2021年4月普通股发行的资金收购新的现金流物业,正在对我们的财务业绩产生积极影响。“

Brent Winn, Chief Financial Offer of the Company, stated, "While we continue to generate a net loss due to non-cash items such as depreciation, amortization and non-cash interest expense, revenues for the nine months ended September 30, 2021 were up 26 percent year-over-year to $8.69 million, and our net operating income of $4.65 million for the nine months ended September 30, 2021 represented a 57 percent increase over the prior year period."

公司首席财务要约布伦特·温说:“虽然我们继续因折旧、摊销和非现金利息支出等非现金项目而产生净亏损,但截至2021年9月30日的9个月的收入同比增长26%,达到869万美元,截至2021年9月30日的9个月的净营业收入为465万美元,比去年同期增长57%。”

The Company closed on three acquisitions in 2021. In May, the Company closed on the purchase of the Lancer Center Property, a 178,626 square foot retail property located in Lancaster, South Carolina. In August, the Company completed its acquisition of the Greenbrier Business Center Property, an 89,290 square foot mixed-use industrial/office property in Chesapeake, Virginia. On November 1, the Company closed on its acquisition of the Parkway Property, a 64,109 square foot flex-industrial property in Virginia Beach, Virginia. In addition, in August the Company sold its Hampton Inn Property, located in Greensboro, North Carolina.

该公司在2021年完成了三笔收购。今年5月,该公司完成了对兰瑟中心物业的购买,该物业位于南卡罗来纳州兰开斯特市,面积为178,626平方英尺。8月份,该公司完成了对Greenbrier Business Center物业的收购,该物业位于弗吉尼亚州切萨皮克,是一处89290平方英尺的混合用途工业/写字楼物业。11月1日,该公司完成了对Parkway地产的收购,这是弗吉尼亚州弗吉尼亚海滩的一处64109平方英尺的弹性工业地产。此外,该公司在8月份出售了位于北卡罗来纳州格林斯伯勒的汉普顿酒店(Hampton Inn)物业。

As of September 30, 2021, the Company's retail and flex property portfolio consisted of six properties with 700,831 square feet (excluding the impact of the November 1, 2021 acquisition of the Parkway Property) with an average occupancy rate of 94.2 percent across the six properties. As of September 30, 2021, the Company's hotel portfolio consisted of one property with 148 rooms. The average occupancy of this hotel was 100% for the nine months ended September 30, 2021, due to the Company's lease of the entire hotel to Clemson University.

截至2021年9月30日,该公司的零售和灵活物业组合由6个物业组成,总面积为700,831平方英尺(不包括2021年11月1日收购Parkway物业的影响),这6个物业的平均入住率为94.2%。截至2021年9月30日,该公司的酒店组合包括一个拥有148间客房的酒店。由于公司将整个酒店租赁给克莱姆森大学,截至2021年9月30日的9个月,该酒店的平均入住率为100%。

About Medalist Diversified REIT

关于奖牌获得者多元化房地产投资信托基金

Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.

Medist Diversified REIT Inc.是一家总部位于弗吉尼亚州的房地产投资信托公司,专门收购、拥有和管理美国东南部地区的商业房地产。该公司的战略是专注于商业房地产,预计这将提供具有吸引力的风险和回报平衡。Medist利用严格、一致和可复制的流程来采购和进行收购的尽职调查。

For more information on Medalist, please visit the Company website at https://www.medalistreit.com.

欲了解更多有关奖牌获得者的信息,请访问公司网站:https://www.medalistreit.com.。

Forward Looking Statements

前瞻性陈述

This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward looking statements are statements that are not historical, including statements regarding management's intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as "believe," "expect," "anticipate," "intend," "estimate," "may," "will," "should" and "could." Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the "Risk Factors" section of the prospectus dated April 8, 2021, and in the Company's subsequent annual and periodic reports and other documents filed with the SEC, copies of which are available on the SEC's website, www.sec.gov.

本新闻稿包含1995年“私人证券诉讼改革法”和其他联邦证券法所指的“前瞻性陈述”。前瞻性陈述是非历史性的陈述,包括有关管理层对未来的意图、信念、期望、陈述、计划或预测的陈述,通常以“相信”、“预期”、“预期”、“打算”、“估计”、“可能”、“将”、“应该”和“可能”等词语来识别。由于此类陈述包括风险、不确定因素和或有事件,实际结果可能与此类前瞻性陈述所表达或暗示的内容大不相同。这些前瞻性陈述是基于公司目前的预期,但不能保证这些陈述会发生。此外,公司没有义务公开更新或修改任何前瞻性陈述,以反映潜在假设或因素、新信息、数据或方法、未来事件或其他变化的变化。投资者不应过度依赖前瞻性陈述。有关可能影响结果的因素的进一步讨论,请参阅日期为2021年4月8日的招股说明书中的“风险因素”部分,以及公司随后提交给美国证券交易委员会的年报和其他文件(这些文件的副本可在美国证券交易委员会网站www.sec.gov上查阅)。

Non-GAAP Financial Measures

非GAAP财务指标

The foregoing supplemental financial data includes certain non-GAAP financial measures that we believe are helpful in understanding our business and performance, as further described below. Our definition and calculation of these non-GAAP financial measures may differ from those of other REITs, and may, therefore, not be comparable.

上述补充财务数据包括某些非GAAP财务指标,我们认为这些指标有助于了解我们的业务和业绩,如下所述。我们对这些非GAAP财务指标的定义和计算可能与其他REITs的定义和计算不同,因此可能不具有可比性。

NOI

NOI

While we believe net income available to common stockholders, as defined by accounting principles generally accepted in the United States of America (U.S. GAAP), is the most appropriate measure, we consider NOI, given its wide use by and relevance to investors and analysts, an appropriate supplemental performance measure. NOI provides a measure of rental operations, and does not include depreciation and amortization, interest expense and non-property specific expenses such as corporate-wide interest expense and general and administrative expenses. As used herein, we calculate NOI as follows:

虽然我们认为,按照美国公认会计原则(U.S.GAAP)的定义,普通股股东可获得的净收入是最合适的衡量标准,但我们认为,鉴于投资者和分析师广泛使用NOI并与之相关,NOI是一种适当的补充业绩衡量标准。NOI提供了租赁业务的衡量标准,不包括折旧和摊销、利息支出和非财产特定费用,如公司范围的利息支出以及一般和行政费用。如本文所用,我们按如下方式计算NOI:

NOI from property operations is calculated as net income attributable to common shareholders, as defined by U.S. GAAP, plus preferred dividends, legal, accounting and other professional fees, corporate general and administrative expenses, depreciation, amortization of intangible assets and liabilities, interest expense, including amortization of financing costs, share based compensation expense, loss on impairment, other income, net amortization of above and below market leases and realized gain on disposal of investment property. The components of NOI consist of recurring rental and reimbursement revenue, less real estate taxes and operating expenses, such as insurance, utilities, and repairs and maintenance.

物业业务的NOI按美国公认会计原则定义的普通股股东应占净收益计算,加上优先股息、法律、会计和其他专业费用、公司一般和行政费用、折旧、无形资产和负债的摊销、利息支出(包括融资成本的摊销、基于股份的补偿支出、减值损失、其他收入、高于和低于市场租赁的净摊销以及出售投资财产的已实现收益)。NOI的组成部分包括经常性租金和报销收入,较少的房地产税和运营费用,如保险、水电费以及维修和维护。

The following table reflects net loss attributable to common shareholders with a reconciliation to NOI, as computed in accordance with GAAP for the periods presented:

下表反映了普通股股东应占净亏损,并与NOI进行了调整,这是根据GAAP计算得出的。

                        Three months ended          Nine months ended 
September 30, September 30,
----------------------- ------------------------
2021 2020 2021 2020
Net Operating
Income (unaudited) (unaudited) (unaudited) (unaudited)
--------------- ------------- ----------- ----------- -----------
Net Loss $ (875,466) $(1,402,301) $(3,824,032) $(4,972,665)
Plus: Preferred
dividends,
including
amortization of
capitalized
issuance costs 151,637 147,350 451,616 358,431
Plus: Legal,
accounting and
other
professional
fees 311,986 370,792 1,099,881 1,013,712
Plus: Corporate
general and
administrative
expenses 382,302 78,459 568,479 241,038
Plus:
Depreciation
expense 644,657 753,410 1,617,863 2,265,780
Plus:
Amortization of
intangible
assets 292,947 236,135 743,351 750,247
Plus: Interest
expense,
including
amortization of
capitalized
loan issuance
costs 799,133 829,224 4,157,582 2,506,906
Plus: Share
based
compensation
expense - - 149,981 569,995)
Plus: Loss on
截至三个月截至九个月九月三十号,九月三十号,                      -----------------------    ------------------------                       2021           2020          2021          2020 净运营收入(未经审计)---------------   -------------   -----------   -----------   ----------- 净亏损$(875,466)$(1,402,301)$(3,824,032)$(4,972,665)加号:首选分红,包括摊销大写发行成本151,637 147,350 451,616 358,431另外:合法,会计和其他专业人士费用311,986 370,792 1,099,881 1,013,712另外:公司一般和行政性开支382,302 78,459 568,479 241,038另外:折旧费用644,657 753,410 1,617,863 2,265,780另外:摊销无形资产292,947 236,135 743,351 750,247加上:利息费用,包括摊销大写贷款发放799,133 829,224 4,157,582,506,906加分:分享基于补偿费用--149,981 569,995)另外:亏损发生在

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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