$MDRR
Medalist Diversified REIT, Inc.

2021 Q4 Form 10-Q Financial Statement

#000110465921137753 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $2.784M $3.038M $2.360M
YoY Change 1.99% 28.75% 23.54%
Cost Of Revenue $956.2K $216.3K $153.1K
YoY Change -18.27% 41.29% -84.69%
Gross Profit $1.828M $2.822M $2.207M
YoY Change 17.19% 27.88% 145.17%
Gross Profit Margin 65.66% 92.88% 93.51%
Selling, General & Admin $464.0K $382.3K $78.46K
YoY Change 54.66% 387.26% -80.86%
% of Gross Profit 25.38% 13.55% 3.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.148M $937.6K $990.0K
YoY Change 19.53% -5.29% 59.68%
% of Gross Profit 62.77% 33.23% 44.87%
Operating Expenses $1.611M $3.091M $2.786M
YoY Change 26.89% 10.95% 165.33%
Operating Profit $216.6K $71.79K -$426.4K
YoY Change -25.31% -116.84% 184.24%
Interest Expense -$925.1K $950.8K $976.6K
YoY Change -15.9% -2.64% -262.76%
% of Operating Profit -427.06% 1324.47%
Other Income/Expense, Net $174.2K $3.519K $636.00
YoY Change 45.16% 453.3% -97.88%
Pretax Income -$534.3K -$875.5K -$1.400M
YoY Change -88.41% -37.47% 97.18%
Income Tax
% Of Pretax Income
Net Earnings -$531.8K -$872.0K -$1.286M
YoY Change -85.23% -32.19% 110.81%
Net Earnings / Revenue -19.1% -28.7% -54.5%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$33.13K -$54.32K -$271.6K
COMMON SHARES
Basic Shares Outstanding 16.27M 16.05M 4.748M
Diluted Shares Outstanding 16.27M 4.873M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.370M $8.526M $970.0K
YoY Change 52.81% 778.98% -62.26%
Cash & Equivalents $4.370M $8.526M $965.8K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $466.1K $379.5K $630.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.837M $8.906M $1.600M
YoY Change 45.68% 456.6% -39.85%
LONG-TERM ASSETS
Property, Plant & Equipment $69.41M $62.78M $73.60M
YoY Change 21.64% -14.69% 5.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.86M $12.69M $2.090M
YoY Change -12.16% 507.18% 18.08%
Total Long-Term Assets $87.71M $80.92M $79.98M
YoY Change 15.48% 1.17% 4.36%
TOTAL ASSETS
Total Short-Term Assets $4.837M $8.906M $1.600M
Total Long-Term Assets $87.71M $80.92M $79.98M
Total Assets $92.55M $89.82M $81.58M
YoY Change 16.75% 10.11% 2.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.307M $1.705M $1.390M
YoY Change -0.21% 22.68% 1.46%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $550.0K
YoY Change -100.0% -100.0% -72.22%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.307M $1.705M $1.940M
YoY Change -66.48% -12.1% -45.04%
LONG-TERM LIABILITIES
Long-Term Debt $66.36M $62.81M $63.03M
YoY Change 5.92% -0.35% 21.35%
Other Long-Term Liabilities $1.881M $1.818M $1.070M
YoY Change 84.37% 69.92% -20.15%
Total Long-Term Liabilities $68.24M $64.62M $64.10M
YoY Change 7.18% 0.82% 20.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.307M $1.705M $1.940M
Total Long-Term Liabilities $68.24M $64.62M $64.10M
Total Liabilities $69.55M $66.33M $67.95M
YoY Change 2.94% -2.38% 14.07%
SHAREHOLDERS EQUITY
Retained Earnings -$24.98M -$23.45M
YoY Change 29.44%
Common Stock $160.5K $160.5K
YoY Change 234.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.47M $23.03M $13.62M
YoY Change
Total Liabilities & Shareholders Equity $92.55M $89.82M $81.58M
YoY Change 16.75% 10.11% 2.88%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$531.8K -$872.0K -$1.286M
YoY Change -85.23% -32.19% 110.81%
Depreciation, Depletion And Amortization $1.148M $937.6K $990.0K
YoY Change 19.53% -5.29% 59.68%
Cash From Operating Activities $190.1K -$351.7K -$610.0K
YoY Change -211.83% -42.35% 60.53%
INVESTING ACTIVITIES
Capital Expenditures -$7.852M -$3.157M -$70.00K
YoY Change 6443.08% 4410.47% -99.73%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.145M $0.00
YoY Change
Cash From Investing Activities -$7.852M -$1.013M -$70.00K
YoY Change 6443.08% 1346.86% -99.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.518M -898.0K 0.000
YoY Change 50.34% -100.0%
NET CHANGE
Cash From Operating Activities 190.1K -351.7K -610.0K
Cash From Investing Activities -7.852M -1.013M -70.00K
Cash From Financing Activities 3.518M -898.0K 0.000
Net Change In Cash -4.144M -2.262M -680.0K
YoY Change -302.13% 232.72% -89.49%
FREE CASH FLOW
Cash From Operating Activities $190.1K -$351.7K -$610.0K
Capital Expenditures -$7.852M -$3.157M -$70.00K
Free Cash Flow $8.042M $2.806M -$540.0K
YoY Change -16183.6% -619.56% -102.11%

Facts In Submission

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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16879870
us-gaap Depreciation
Depreciation
1665203
CY2020Q3 mdrr Stock Issuance Cost
StockIssuanceCost
-63263
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-1402301
us-gaap Depreciation
Depreciation
2300177
mdrr Amortization
Amortization
696011
mdrr Amortization
Amortization
715850
mdrr Amortization Of Loan Costs
AmortizationOfLoanCosts
80711
mdrr Amortization Of Loan Costs
AmortizationOfLoanCosts
227122
mdrr Amortization Of Deferred Financing Costs On Mandatorily Redeemable Preferred Stock
AmortizationOfDeferredFinancingCostsOnMandatorilyRedeemablePreferredStock
151616
mdrr Amortization Of Tenant Inducements
AmortizationOfTenantInducements
0
mdrr Amortization Of Tenant Inducements
AmortizationOfTenantInducements
7100
mdrr Increase Decrease Market Lease Amortizations Net
IncreaseDecreaseMarketLeaseAmortizationsNet
-2350
mdrr Increase Decrease Market Lease Amortizations Net
IncreaseDecreaseMarketLeaseAmortizationsNet
2908
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
26014
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
334469
mdrr Increase Decrease In Note Payable Forgiveness
IncreaseDecreaseInNotePayableForgiveness
-176300
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
149981
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
569995
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
0
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-223097
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
124641
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-53240
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
814182
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-164977
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-169032
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
91849
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-121895
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
485387
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-172185
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
642501
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1511464
mdrr Investment Property Acquisitions Net Of Cash Acquired
InvestmentPropertyAcquisitionsNetOfCashAcquired
13152547
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
283018
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
285255
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-2144529
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11291036
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-285255
us-gaap Payments Of Dividends
PaymentsOfDividends
711899
us-gaap Payments Of Dividends
PaymentsOfDividends
917733
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
550000
mdrr Repayment Of Line Of Credit Short Term
RepaymentOfLineOfCreditShortTerm
-325000
mdrr Repayment Of Line Of Credit Short Term
RepaymentOfLineOfCreditShortTerm
-2000000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
852000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
162851
mdrr Proceeds From Issuance Of Redeemable Preferred Stock Net Of Capitalized Offering Costs
ProceedsFromIssuanceOfRedeemablePreferredStockNetOfCapitalizedOfferingCosts
0
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
305900
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
6421870
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5096928
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2072190
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11527622
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3052366
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8526063
mdrr Proceeds From Issuance Of Redeemable Preferred Stock Net Of Capitalized Offering Costs
ProceedsFromIssuanceOfRedeemablePreferredStockNetOfCapitalizedOfferingCosts
3860882
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1305000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
965797
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3001559
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6430694
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
980176
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
10826920
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17079229
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2776895
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2086569
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11527622
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3052366
us-gaap Interest Paid Net
InterestPaidNet
2658218
us-gaap Interest Paid Net
InterestPaidNet
2515268
mdrr Conversion Of Convertible Debentures And Accrued Interest To Common Stock
ConversionOfConvertibleDebenturesAndAccruedInterestToCommonStock
5058788
mdrr Conversion Of Convertible Debentures And Accrued Interest To Common Stock
ConversionOfConvertibleDebenturesAndAccruedInterestToCommonStock
0
mdrr Transfer Of Investment Properties Net To Assets Held For Sale Net
TransferOfInvestmentPropertiesNetToAssetsHeldForSaleNet
9683555
mdrr Transfer Of Investment Properties Net To Assets Held For Sale Net
TransferOfInvestmentPropertiesNetToAssetsHeldForSaleNet
0
mdrr Transfer Of Mortgages Payable Net To Mortgages Payable Associated With Assets Held For Sale Net
TransferOfMortgagesPayableNetToMortgagesPayableAssociatedWithAssetsHeldForSaleNet
7592931
mdrr Transfer Of Mortgages Payable Net To Mortgages Payable Associated With Assets Held For Sale Net
TransferOfMortgagesPayableNetToMortgagesPayableAssociatedWithAssetsHeldForSaleNet
0
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
4481600
us-gaap Transfer To Investments
TransferToInvestments
384882
mdrr Notes Payable Forgiveness
NotesPayableForgiveness
176300
mdrr Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged Settlement In Advances Amount
MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedSettlementInAdvancesAmount
0
mdrr Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged Settlement In Advances Amount
MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedSettlementInAdvancesAmount
-867000
mdrr Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged For Operating Partnership Units Issued Amount
MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedForOperatingPartnershipUnitsIssuedAmount
0
mdrr Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged For Operating Partnership Units Issued Amount
MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedForOperatingPartnershipUnitsIssuedAmount
375400
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Asset Impairment Charges
AssetImpairmentCharges
223097
mdrr Impairment Of Capitalized Tenant Inducements
ImpairmentOfCapitalizedTenantInducements
89500
mdrr Impairment Of Capitalized Tenant Improvements Arising From Acquisition Cost Allocation
ImpairmentOfCapitalizedTenantImprovementsArisingFromAcquisitionCostAllocation
81860
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
171360
mdrr Gain On Impairment Intangible Liabilities Below Market Lease
GainOnImpairmentIntangibleLiabilitiesBelowMarketLease
40215
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
51737
us-gaap Asset Impairment Charges
AssetImpairmentCharges
223097
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
3494058
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2020Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2020Q2 us-gaap Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
51737
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4192865
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3256362
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1818193
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1022497
CY2021Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
73174
CY2020Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
51036
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
183153
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
164869
CY2021Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5968
CY2020Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
2578
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2350
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
2908
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
275935
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
216007
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
696011
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
689899
CY2021Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
2382665
CY2020Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
2353103
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
415286
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1148801
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
647384
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
449258
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
343047
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1189089
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4192865
CY2021Q3 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
82885
CY2021Q3 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
305115
CY2021Q3 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
218925
CY2021Q3 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
160184
CY2021Q3 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
118885
CY2021Q3 mdrr Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
932199
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1818193
CY2021Q3 us-gaap Escrow Deposit
EscrowDeposit
1840350
CY2021Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
6750158
CY2020Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
1719233
CY2021Q3 mdrr Security Deposits
SecurityDeposits
161768
CY2020Q4 mdrr Security Deposits
SecurityDeposits
109059
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
1352723
CY2021Q3 mdrr Capital Property Reserves
CapitalPropertyReserves
999441
CY2020Q4 mdrr Capital Property Reserves
CapitalPropertyReserves
674520
CY2021Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
838705
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
673728
mdrr Revenue Recognized
RevenueRecognized
0
CY2020Q3 mdrr Revenue Recognized
RevenueRecognized
0
mdrr Revenue Recognized
RevenueRecognized
0
CY2021Q3 mdrr Revenue Recognized
RevenueRecognized
0
mdrr Termination Costs Recognized
TerminationCostsRecognized
0
CY2020Q3 mdrr Termination Costs Recognized
TerminationCostsRecognized
0
mdrr Termination Costs Recognized
TerminationCostsRecognized
0
CY2021Q3 mdrr Termination Costs Recognized
TerminationCostsRecognized
0
CY2021Q3 mdrr Allowance For Rent And Other Receivables
AllowanceForRentAndOtherReceivables
0
CY2020Q4 mdrr Allowance For Rent And Other Receivables
AllowanceForRentAndOtherReceivables
4693
mdrr Percentage Of Income Distributed
PercentageOfIncomeDistributed
0.90
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and revenues and expenses during the reported period. The Company’s actual results could differ from these estimates.</p>
CY2020Q4 mdrr Minority Interest Ownership Percentage By Non Controlling Owners Exchanged Settlement In Percentage
MinorityInterestOwnershipPercentageByNonControllingOwnersExchangedSettlementInPercentage
3
mdrr Percentage On Income From Continuing Operations Attributable To Non Controlling Entity
PercentageOnIncomeFromContinuingOperationsAttributableToNonControllingEntity
22
mdrr Percentage On Income From Continuing Operations Attributable To Non Controlling Entity
PercentageOnIncomeFromContinuingOperationsAttributableToNonControllingEntity
25
CY2017 mdrr Noncontrolling Operating Partnership Units
NoncontrollingOperatingPartnershipUnits
125000
CY2017 mdrr Number Of Participate Elected For Exchange
NumberOfParticipateElectedForExchange
721
CY2017Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
1175000
CY2017 mdrr Noncontrolling Operating Partnership Units
NoncontrollingOperatingPartnershipUnits
125000
CY2020 mdrr Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged Number Of Operating Partnership Units Issued
MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedNumberOfOperatingPartnershipUnitsIssued
93850
CY2020 mdrr Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged For Operating Partnership Units Issued
MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedForOperatingPartnershipUnitsIssued
0.0345
CY2020Q3 mdrr Non Controlling Partnership Operating Units Converted To Common Stock
NonControllingPartnershipOperatingUnitsConvertedToCommonStock
5319
mdrr Noncontrolling Operating Partnership Units
NoncontrollingOperatingPartnershipUnits
213531
mdrr Percentage Of Outstanding Operating Partnership Units
PercentageOfOutstandingOperatingPartnershipUnits
0.0131
CY2020 mdrr Percentage Of Outstanding Operating Partnership Units
PercentageOfOutstandingOperatingPartnershipUnits
0.0426
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 mdrr Percentage On Income From Continuing Operations Attributable To Non Controlling Entity
PercentageOnIncomeFromContinuingOperationsAttributableToNonControllingEntity
1.31
CY2021Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
34331
CY2021Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-450
CY2021Q3 mdrr Percentage Of Weighted Average Outstanding Operating Partnership Units
PercentageOfWeightedAverageOutstandingOperatingPartnershipUnits
0.0205
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
147189
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
3023
CY2020Q3 mdrr Percentage Of Weighted Average Outstanding Operating Partnership Units
PercentageOfWeightedAverageOutstandingOperatingPartnershipUnits
0.0441
mdrr Percentage Of Weighted Average Outstanding Operating Partnership Units
PercentageOfWeightedAverageOutstandingOperatingPartnershipUnits
0.0445
CY2020Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
722789
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
2515799
CY2020Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-31875
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-112050
CY2021Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
281505
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
228346
CY2021Q3 mdrr Cumulative Rent Abated
CumulativeRentAbated
676350
CY2021Q3 mdrr Abatement Of Rent
AbatementOfRent
109818
CY2020Q3 mdrr Abatement Of Rent
AbatementOfRent
51906
mdrr Abatement Of Rent
AbatementOfRent
329453
mdrr Abatement Of Rent
AbatementOfRent
229529
CY2020Q4 mdrr Abatement Of Rent
AbatementOfRent
117367
mdrr Schedule Of Cumulative Rent Abated
ScheduleOfCumulativeRentAbated
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:0.0pt;margin:0pt;"><span style="font-size:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:55.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:55.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:20.65%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">As of September 30,</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="5" style="vertical-align:bottom;white-space:nowrap;width:20.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">As of December 31,</b></p></td></tr><tr><td style="vertical-align:bottom;width:55.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"> <span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021 (1)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2020 (1)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021 (2)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:8.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:55.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.41%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(unaudited)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.41%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(unaudited)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.41%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(unaudited)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:9.37%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2020 (1)</b></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:55.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Cumulative rent abated</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:8.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 676,350</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:8.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 229,529</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:8.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 786,167</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.17%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:8.2%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 346,896</p></td></tr></table><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><div style="background-color:#000000;height:1pt;position:relative;top:0.6em;width:25.0%;border:none;margin:0 auto 0 0;"/></div><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">(1)</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">Actual </span></td></tr></table><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">(2)</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">Projected</span></td></tr></table><div style="margin-top:12pt;"/>
CY2021Q3 mdrr Cumulative Rent Abated
CumulativeRentAbated
676350
CY2020Q3 mdrr Cumulative Rent Abated
CumulativeRentAbated
229529
CY2020Q4 mdrr Cumulative Rent Abated
CumulativeRentAbated
346896
CY2021Q3 mdrr Rent Receivable Bad Debt Expense
RentReceivableBadDebtExpense
22818
mdrr Rent Receivable Bad Debt Expense
RentReceivableBadDebtExpense
26014
CY2020Q3 mdrr Rent Receivable Bad Debt Expense
RentReceivableBadDebtExpense
79496
mdrr Rent Receivable Bad Debt Expense
RentReceivableBadDebtExpense
334469
CY2021Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
68523085
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
61995734
CY2021Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
5738284
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4939872
CY2021Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
62784801
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
57055862
mdrr Impairment Of Capitalized Tenant Improvements Arising From Acquisition Cost Allocation
ImpairmentOfCapitalizedTenantImprovementsArisingFromAcquisitionCostAllocation
81860
CY2021Q3 mdrr Capitalized Leasing Commissions Net
CapitalizedLeasingCommissionsNet
357319
CY2020Q4 mdrr Capitalized Leasing Commissions Net
CapitalizedLeasingCommissionsNet
346437
CY2021Q3 mdrr Capitalized Leasing Commissions
CapitalizedLeasingCommissions
33537
mdrr Capitalized Leasing Commissions
CapitalizedLeasingCommissions
45422
CY2020Q3 mdrr Capitalized Leasing Commissions
CapitalizedLeasingCommissions
12642
mdrr Capitalized Leasing Commissions
CapitalizedLeasingCommissions
32881
CY2021Q3 mdrr Amortization Of Capitalized Leasing Commissions
AmortizationOfCapitalizedLeasingCommissions
17012
mdrr Amortization Of Capitalized Leasing Commissions
AmortizationOfCapitalizedLeasingCommissions
47340
CY2020Q3 mdrr Amortization Of Capitalized Leasing Commissions
AmortizationOfCapitalizedLeasingCommissions
11475
mdrr Amortization Of Capitalized Leasing Commissions
AmortizationOfCapitalizedLeasingCommissions
34397
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
3494058
CY2021Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
9688555
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
12410250
CY2021Q3 us-gaap Secured Debt
SecuredDebt
7615368
CY2020Q4 us-gaap Secured Debt
SecuredDebt
10352000
us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
978849
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
17784147
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
6880677
CY2021Q3 mdrr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed New Mortgage Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNewMortgageDebt
6421870
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
4481600
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
17784147
CY2021Q3 mdrr Accumulated Amortization Of Discount And Deferred Financing Costs On Mandatorily Redeemable Preferred Stock
AccumulatedAmortizationOfDiscountAndDeferredFinancingCostsOnMandatorilyRedeemablePreferredStock
313991
CY2020Q4 mdrr Accumulated Amortization Of Discount And Deferred Financing Costs On Mandatorily Redeemable Preferred Stock
AccumulatedAmortizationOfDiscountAndDeferredFinancingCostsOnMandatorilyRedeemablePreferredStock
162375
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
776666
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
71760
CY2021Q3 us-gaap Interest Expense Other
InterestExpenseOther
102344
CY2021Q3 us-gaap Interest Expense
InterestExpense
950770
us-gaap Interest Expense Debt
InterestExpenseDebt
2294407
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1950814
us-gaap Interest Expense Other
InterestExpenseOther
363977
us-gaap Interest Expense
InterestExpense
4609198
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
748289
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
119748
CY2020Q3 us-gaap Interest Expense Other
InterestExpenseOther
108537
CY2020Q3 us-gaap Interest Expense
InterestExpense
976574
us-gaap Interest Expense Debt
InterestExpenseDebt
2228796
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
341109
us-gaap Interest Expense Other
InterestExpenseOther
295432
us-gaap Interest Expense
InterestExpense
2865337
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
295173
CY2021Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
635123
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
339471
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
956357
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
14449351
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8504890
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
848906
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
879888
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
920164
CY2021Q3 mdrr Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
33617335
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
59220534
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
588661
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
58631873
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-1285914
us-gaap Net Income Loss
NetIncomeLoss
-3832502
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1555232
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5980617
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5320096
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4298738
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3660547
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
6213899
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
27029129
CY2021Q3 mdrr Shares Authorized
SharesAuthorized
1000000000
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8000000
CY2021Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.50
CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10886970
CY2021Q3 mdrr Common Stock Aggregate Value Authorized
CommonStockAggregateValueAuthorized
150000000
CY2021Q3 mdrr Legal Costs And Filing Fees Incurred
LegalCostsAndFilingFeesIncurred
60050
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
213531
CY2020 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
213531
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16052617
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4747968
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12106377
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4683125
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
213531
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
125000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
213531
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
125000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16266148
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4872968
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12319908
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4808125
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-872015
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2020-03-10
CY2021Q1 mdrr Number Of Room Nights Of Occupancy
NumberOfRoomNightsOfOccupancy
2064
mdrr Lease Rent Additional Income Due To Term Extension Period
LeaseRentAdditionalIncomeDueToTermExtensionPeriod
2945448
us-gaap Net Income Loss
NetIncomeLoss
-4581810
CY2021Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16052617
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4747968
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12106377
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4683125
CY2021Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.27
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.32
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.98
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-02-11
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
321052
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
0
us-gaap Dividends Common Stock
DividendsCommonStock
321052
us-gaap Dividends Common Stock
DividendsCommonStock
562537
CY2021Q3 us-gaap Dividends
Dividends
699899
CY2020Q3 us-gaap Dividends
Dividends
8000
us-gaap Dividends
Dividends
711899
us-gaap Dividends
Dividends
917733
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1
CY2021Q3 mdrr Rent Payments Abated
RentPaymentsAbated
109818
mdrr Rent Payments Abated
RentPaymentsAbated
329453
CY2020Q3 mdrr Rent Payments Abated
RentPaymentsAbated
51906
mdrr Rent Payments Abated
RentPaymentsAbated
229529
CY2020Q4 mdrr Rent Payments Abated
RentPaymentsAbated
117367
CY2021Q4 mdrr Rent Payments Abated
RentPaymentsAbated
109818
CY2022 mdrr Rent Payments Abated
RentPaymentsAbated
174330
CY2021Q3 mdrr Lease Restructured Resulting In Rent Abatement
LeaseRestructuredResultingInRentAbatement
13440
mdrr Lease Restructured Resulting In Rent Abatement
LeaseRestructuredResultingInRentAbatement
46320
CY2020Q3 mdrr Lease Restructured Resulting In Rent Abatement
LeaseRestructuredResultingInRentAbatement
27773
mdrr Lease Restructured Resulting In Rent Abatement
LeaseRestructuredResultingInRentAbatement
61213
CY2021Q3 us-gaap Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
P5Y
CY2020 mdrr Rent Receivable Bad Debt Expense
RentReceivableBadDebtExpense
34556
CY2020 mdrr Number Of Room Nights Of Occupancy
NumberOfRoomNightsOfOccupancy
5704
CY2020 mdrr Percentage Of Occupancy Of Total Rooms
PercentageOfOccupancyOfTotalRooms
0.28
mdrr Percentage Of Occupancy Of Total Rooms
PercentageOfOccupancyOfTotalRooms
0.39
CY2021Q1 mdrr Percentage Of Occupancy Of Total Rooms
PercentageOfOccupancyOfTotalRooms
0.33
CY2021Q1 mdrr Percentage Of Occupancy Of Total Rooms
PercentageOfOccupancyOfTotalRooms
0.49
us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.00125
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
216295
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
602588
CY2020Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
153086
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
449464
mdrr Percentage Of Acquisition Fee
PercentageOfAcquisitionFee
0.020
CY2021Q1 mdrr Threshold Stock Price To Be Reached For Payment Of Deferred Acquisition Fees
ThresholdStockPriceToBeReachedForPaymentOfDeferredAcquisitionFees
5.00
CY2021Q3 mdrr Threshold Stock Price To Be Reached For Payment Of Deferred Acquisition Fees
ThresholdStockPriceToBeReachedForPaymentOfDeferredAcquisitionFees
5.00
mdrr Percentage Of Incentive Fee
PercentageOfIncentiveFee
0.20
mdrr Percentage Of Weighted Average Share
PercentageOfWeightedAverageShare
0.07

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