$MDRR
Medalist Diversified REIT, Inc. Stock $mdrr

$mdrr Overview Financials Valuation SEC Filings Company Website

2021 Form 10-K Financial Statement

#000141057822000383 Filed on March 16, 2022

Income Statement

Concept	2021	2020 Q4	2020
Revenue	$11.47M	$2.730M	$9.276M
YoY Change	23.68%	-12.5%	12.03%
Cost Of Revenue	$4.966M	$1.170M	$4.760M
YoY Change	4.32%	-27.78%	9.43%
Gross Profit	$6.507M	$1.560M	$4.520M
YoY Change	43.96%	4.7%	15.01%
Gross Profit Margin	56.72%	57.14%	48.73%
Selling, General & Admin	$654.1K	$300.0K	$300.6K
YoY Change	117.58%	-6.25%	-78.83%
% of Gross Profit	10.05%	19.23%	6.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.415M	$960.0K	$3.068M
YoY Change	-21.27%	-6.8%	10.34%
% of Gross Profit	37.12%	61.54%	67.87%
Operating Expenses	$10.78M	$1.270M	$15.02M
YoY Change	-28.2%	-5.93%	257.57%
Operating Profit	$814.5K	$290.0K	-$5.742M
YoY Change	-114.19%	107.14%	2026.63%
Interest Expense	$5.534M	-$1.100M	$3.961M
YoY Change	39.73%	46.67%	-260.35%
% of Operating Profit	679.46%	-379.31%
Other Income/Expense, Net	$361.5K	$120.0K	$121.0K
YoY Change	198.78%	-192.31%	-251.23%
Pretax Income	-$4.720M	-$4.610M	-$9.703M
YoY Change	-51.36%	531.51%	155.33%
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$4.364M	-$3.600M	-$8.181M
YoY Change	-46.65%	445.45%	170.88%
Net Earnings / Revenue	-38.04%	-131.87%	-88.19%
Basic Earnings Per Share	-$0.33		-$1.74
Diluted Earnings Per Share	-$0.33	-$751.6K	-$1.74
COMMON SHARES
Basic Shares Outstanding	13.09M		4.710M
Diluted Shares Outstanding	13.09M		4.710M

Balance Sheet

Concept	2021	2020 Q4	2020
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.370M	$2.860M	$2.860M
YoY Change	52.81%	368.85%	368.85%
Cash & Equivalents		$2.863M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$466.1K	$460.0K	$460.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.837M	$3.320M	$3.320M
YoY Change	45.68%	336.84%	336.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$69.41M	$57.06M	$57.06M
YoY Change	21.64%	-24.71%	-24.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$12.86M	$14.64M	$14.64M
YoY Change	-12.16%	902.74%	902.74%
Total Long-Term Assets	$87.71M	$75.95M	$75.95M
YoY Change	15.48%	-7.91%	-7.92%
TOTAL ASSETS
Total Short-Term Assets	$4.837M	$3.320M	$3.320M
Total Long-Term Assets	$87.71M	$75.95M	$75.95M
Total Assets	$92.55M	$79.27M	$79.27M
YoY Change	16.75%	-4.77%	-4.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.307M	$1.310M	$1.310M
YoY Change	-0.21%	-16.56%	-16.56%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$2.590M	$2.590M
YoY Change	-100.0%	30.15%	30.15%
Long-Term Debt Due		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Short-Term Liabilities	$1.307M	$3.900M	$3.900M
YoY Change	-66.48%	-11.56%	-11.56%
LONG-TERM LIABILITIES
Long-Term Debt	$66.36M	$62.65M	$62.65M
YoY Change	5.92%	10.49%	10.49%
Other Long-Term Liabilities	$1.881M	$1.020M	$1.020M
YoY Change	84.37%	-20.31%	-20.31%
Total Long-Term Liabilities	$68.24M	$63.67M	$63.67M
YoY Change	7.18%	9.81%	9.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.307M	$3.900M	$3.900M
Total Long-Term Liabilities	$68.24M	$63.67M	$63.67M
Total Liabilities	$71.07M	$67.56M	$68.41M
YoY Change	3.89%	3.88%	5.18%
SHAREHOLDERS EQUITY
Retained Earnings		-$19.30M
YoY Change
Common Stock		$48.03K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$21.47M	$10.86M	$10.86M
YoY Change
Total Liabilities & Shareholders Equity	$92.55M	$79.27M	$79.27M
YoY Change	16.75%	-4.77%	-4.77%

Cashflow Statement

Concept	2021	2020 Q4	2020
OPERATING ACTIVITIES
Net Income	-$4.364M	-$3.600M	-$8.181M
YoY Change	-46.65%	445.45%	170.88%
Depreciation, Depletion And Amortization	$2.415M	$960.0K	$3.068M
YoY Change	-21.27%	-6.8%	10.34%
Cash From Operating Activities	$832.6K	-$170.0K	-$1.685M
YoY Change	-149.42%	-118.89%	-308.02%
INVESTING ACTIVITIES
Capital Expenditures	-$21.29M	-$120.0K	-$410.0K
YoY Change	5092.01%	-98.52%	-98.83%
Acquisitions
YoY Change
Other Investing Activities	$2.145M
YoY Change
Cash From Investing Activities	-$19.14M	-$120.0K	-$414.4K
YoY Change	4519.82%	-98.4%	-98.81%
FINANCING ACTIVITIES
Cash Dividend Paid	$1.151M		$917.7K
YoY Change	25.45%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	20.60M	2.340M	5.124M
YoY Change	301.97%	-47.53%	-84.03%
NET CHANGE
Cash From Operating Activities	832.6K	-170.0K	-1.685M
Cash From Investing Activities	-19.14M	-120.0K	-414.4K
Cash From Financing Activities	20.60M	2.340M	5.124M
Net Change In Cash	2.287M	2.050M	3.025M
YoY Change	-24.39%	-196.7%	-248.27%
FREE CASH FLOW
Cash From Operating Activities	$832.6K	-$170.0K	-$1.685M
Capital Expenditures	-$21.29M	-$120.0K	-$410.0K
Free Cash Flow	$22.12M	-$50.00K	-$1.275M
YoY Change	-1834.98%	-100.55%	-103.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4370405
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.33
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13092937
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4709980
CY2021	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2021	dei	Entity Central Index Key EntityCentralIndexKey	0001654595
CY2021	dei	Amendment Flag AmendmentFlag	false
CY2021	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4803445
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16052617
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.33
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.74
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.74
CY2021	us-gaap	Type Of Cost Good Or Service Extensible List TypeOfCostGoodOrServiceExtensibleList	http://fasb.org/us-gaap/2021-01-31#AssetManagement1Member
CY2021	dei	Document Type DocumentType	10-K
CY2021	dei	Document Annual Report DocumentAnnualReport	true
CY2021	dei	Document Period End Date DocumentPeriodEndDate	2021-12-31
CY2021	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021	dei	Document Transition Report DocumentTransitionReport	false
CY2021	dei	Entity File Number EntityFileNumber	001-38719
CY2021	dei	Entity Registrant Name EntityRegistrantName	MEDALIST DIVERSIFIED REIT, INC.
CY2021	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2021	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-5201540
CY2021	dei	Entity Address Address Line1 EntityAddressAddressLine1	1051 E. Cary Street Suite 601
CY2021	dei	Entity Address City Or Town EntityAddressCityOrTown	Richmond
CY2021	dei	Entity Address State Or Province EntityAddressStateOrProvince	VA
CY2021	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	23219
CY2021	dei	City Area Code CityAreaCode	804
CY2021	dei	Local Phone Number LocalPhoneNumber	344-4435
CY2021	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2021	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2021	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021	dei	Entity Small Business EntitySmallBusiness	true
CY2021	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2021	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2021	dei	Entity Shell Company EntityShellCompany	false
CY2020Q2	dei	Entity Public Float EntityPublicFloat	21260484
CY2022Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16361337
CY2021	dei	Auditor Firm AuditorFirmId	677
CY2021	dei	Auditor Name AuditorName	Cherry Bekaert LLP
CY2021	dei	Auditor Location AuditorLocation	Richmond, Virginia
CY2021Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	69407915
CY2020Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	57055862
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1384872
CY2020Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	673728
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2862994
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3013572
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2233934
CY2021Q4	mdrr	Allowance For Rent And Other Receivables AllowanceForRentAndOtherReceivables	13010
CY2020Q4	mdrr	Allowance For Rent And Other Receivables AllowanceForRentAndOtherReceivables	4693
CY2021Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	466141
CY2020Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	458752
CY2021Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	9846208
CY2020Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	12410250
CY2021Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	872322
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4200392
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3256362
CY2021Q4	us-gaap	Other Assets OtherAssets	370133
CY2020Q4	us-gaap	Other Assets OtherAssets	319890
CY2021Q4	us-gaap	Assets Assets	92547088
CY2020Q4	us-gaap	Assets Assets	79271772
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1307257
CY2020Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1308056
CY2021Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	1880612
CY2020Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	1022497
CY2020Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	325000
CY2020Q4	us-gaap	Notes Payable NotesPayable	176300
CY2020Q4	us-gaap	Convertible Debt ConvertibleDebt	2260565
CY2021Q4	us-gaap	Loans Payable LoansPayable	54517822
CY2020Q4	us-gaap	Loans Payable LoansPayable	48094354
CY2021Q4	us-gaap	Secured Debt SecuredDebt	7615368
CY2020Q4	us-gaap	Secured Debt SecuredDebt	10352000
CY2021Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	4227640
CY2020Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	4023257
CY2021Q4	us-gaap	Liabilities Liabilities	69548699
CY2020Q4	us-gaap	Liabilities Liabilities	67562029
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CY2021Q4	us-gaap	Common Stock Value CommonStockValue	160526
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	48032
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CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	33105099
CY2021Q4	mdrr	Offering Costs OfferingCosts	3350946
CY2020Q4	mdrr	Offering Costs OfferingCosts	2992357
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-24981346
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-19298987
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	21473660
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	10861787
CY2021Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	877917
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CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	92547088
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	79271772
CY2021	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	11472549
CY2020	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	9276160
CY2021	mdrr	Retail Center Property Operating Expenses RetailCenterPropertyOperatingExpenses	1518973
CY2020	mdrr	Retail Center Property Operating Expenses RetailCenterPropertyOperatingExpenses	1362532
CY2021	mdrr	Flex Center Property Operating Expenses FlexCenterPropertyOperatingExpenses	343717
CY2020	mdrr	Flex Center Property Operating Expenses FlexCenterPropertyOperatingExpenses	231209
CY2021	mdrr	Hotel Property Operating Expenses HotelPropertyOperatingExpenses	3102951
CY2020	mdrr	Hotel Property Operating Expenses HotelPropertyOperatingExpenses	3164646
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	39024
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CY2021	mdrr	Legal Accounting And Other Professional Fees LegalAccountingAndOtherProfessionalFees	1465199
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CY2021	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	654137
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CY2020	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0
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CY2021	us-gaap	Interest Expense InterestExpense	5534255
CY2020	us-gaap	Interest Expense InterestExpense	3960626
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4719751
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9702524
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	361469
CY2020	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	120982
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CY2021	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	3903
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CY2021	mdrr	Amortization Of Deferred Financing Costs On Mandatorily Redeemable Preferred Stock AmortizationOfDeferredFinancingCostsOnMandatorilyRedeemablePreferredStock	204383
CY2020	mdrr	Amortization Of Deferred Financing Costs On Mandatorily Redeemable Preferred Stock AmortizationOfDeferredFinancingCostsOnMandatorilyRedeemablePreferredStock	162375
CY2021	mdrr	Amortization Of Financing Costs Convertible Debt AmortizationOfFinancingCostsConvertibleDebt	1718487
CY2020	mdrr	Amortization Of Financing Costs Convertible Debt AmortizationOfFinancingCostsConvertibleDebt	119870
CY2020	mdrr	Amortization Of Tenant Inducements AmortizationOfTenantInducements	7100
CY2021	mdrr	Increase Decrease Market Lease Amortizations Net IncreaseDecreaseMarketLeaseAmortizationsNet	-24024
CY2020	mdrr	Increase Decrease Market Lease Amortizations Net IncreaseDecreaseMarketLeaseAmortizationsNet	6142
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	39024
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CY2021	mdrr	Increase Decrease In Note Payable Forgiveness IncreaseDecreaseInNotePayableForgiveness	-176300
CY2020	mdrr	Increase Decrease In Note Payable Forgiveness IncreaseDecreaseInNotePayableForgiveness	-129600
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	149981
CY2020	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	569995
CY2020	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	3494058
CY2020	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-223097
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CY2021	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	46413
CY2020	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	740513
CY2021	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-198594
CY2020	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-212840
CY2021	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	50243
CY2020	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	38955
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	87351
CY2020	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-257089
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	832613
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1684934
CY2021	mdrr	Payemnets To Acquire Investment Property Net Of Cash Acquired And Assumed Debt PayemnetsToAcquireInvestmentPropertyNetOfCashAcquiredAndAssumedDebt	20750571
CY2021	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	536685
CY2020	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	414361
CY2021	us-gaap	Payments For Proceeds From Real Estate Heldforinvestment PaymentsForProceedsFromRealEstateHeldforinvestment	-2144529
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-19142727
CY2020	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-414361
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	1151304
CY2020	us-gaap	Payments Of Dividends PaymentsOfDividends	917733
CY2021	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	504000
CY2020	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	550000
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4370405
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2862994
CY2021	mdrr	Repayment Of Line Of Credit Short Term RepaymentOfLineOfCreditShortTerm	-325000
CY2020	mdrr	Repayment Of Line Of Credit Short Term RepaymentOfLineOfCreditShortTerm	-2225000
CY2020	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	852000
CY2020	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	305900
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3013572
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2233934
CY2021	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	24377886
CY2020	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	1938697
CY2021	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	14914830
CY2020	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	463196
CY2020	mdrr	Proceeds From Issuance Of Redeemable Preferred Stock Net Of Capitalized Offering Costs ProceedsFromIssuanceOfRedeemablePreferredStockNetOfCapitalizedOfferingCosts	3860882
CY2021	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1305000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	765166
CY2020	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	2926483
CY2021	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	10801411
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	20597163
CY2020	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5124033
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	2287049
CY2020	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3024738
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
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7383977
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5096928
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7383977
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5096928
CY2021	us-gaap	Interest Paid Net InterestPaidNet	4065121
CY2020	us-gaap	Interest Paid Net InterestPaidNet	3276544
CY2021	mdrr	Conversion Of Convertible Debentures And Accrued Interest To Common Stock ConversionOfConvertibleDebenturesAndAccruedInterestToCommonStock	5058788
CY2021	mdrr	Transfer Of Investment Properties Net To Assets Held For Sale Net TransferOfInvestmentPropertiesNetToAssetsHeldForSaleNet	9683555
CY2021	mdrr	Transfer Of Mortgages Payable Net To Mortgages Payable Associated With Assets Held For Sale Net TransferOfMortgagesPayableNetToMortgagesPayableAssociatedWithAssetsHeldForSaleNet	7592931
CY2021	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	4481600
CY2021	mdrr	Notes Payable Forgiveness NotesPayableForgiveness	176300
CY2020	mdrr	Notes Payable Forgiveness NotesPayableForgiveness	129600
CY2020	mdrr	Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged Settlement In Advances Amount MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedSettlementInAdvancesAmount	867000
CY2020	mdrr	Minority Interest Ownership Percentage By Noncontrolling Owners For3 Percent Exchanged Settlement In Advances Amount MinorityInterestOwnershipPercentageByNoncontrollingOwnersFor3PercentExchangedSettlementInAdvancesAmount	1021960
CY2020	mdrr	Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged For Operating Partnership Units Issued MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedForOperatingPartnershipUnitsIssued	0.0345
CY2021	mdrr	Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged For Operating Partnership Units Issued MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedForOperatingPartnershipUnitsIssued	0.0345
CY2020	mdrr	Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged For Operating Partnership Units Issued Amount MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedForOperatingPartnershipUnitsIssuedAmount	375400
CY2020	us-gaap	Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction	123000
CY2020	mdrr	Impairment Of Capitalized Tenant Inducements ImpairmentOfCapitalizedTenantInducements	89500
CY2020	mdrr	Impairment Of Capitalized Tenant Improvements Arising From Acquisition Cost Allocation ImpairmentOfCapitalizedTenantImprovementsArisingFromAcquisitionCostAllocation	81860
CY2020	mdrr	Gain On Impairment Intangible Liabilities Below Market Lease GainOnImpairmentIntangibleLiabilitiesBelowMarketLease	40215
CY2020	us-gaap	Asset Impairment Charges AssetImpairmentCharges	223097
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	497661
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	363604
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	238180
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	950909
CY2020	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	3494058
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4200392
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3256362
CY2021Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	1880612
CY2020Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	1022497
CY2021	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	274528
CY2020	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	215248
CY2021	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	-24024
CY2020	us-gaap	Amortization Of Above And Below Market Leases AmortizationOfAboveAndBelowMarketLeases	6142
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1093565
CY2020	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	888367
CY2021Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	2779370
CY2020Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	2353103
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4200392
CY2021Q4	us-gaap	Below Market Lease Amortization Income Next Twelve Months BelowMarketLeaseAmortizationIncomeNextTwelveMonths	356054
CY2021Q4	us-gaap	Below Market Lease Amortization Income Year Two BelowMarketLeaseAmortizationIncomeYearTwo	260491
CY2021Q4	us-gaap	Below Market Lease Amortization Income Year Three BelowMarketLeaseAmortizationIncomeYearThree	191865
CY2021Q4	us-gaap	Below Market Lease Amortization Income Year Four BelowMarketLeaseAmortizationIncomeYearFour	140004
CY2021Q4	us-gaap	Below Market Lease Amortization Income Year Five BelowMarketLeaseAmortizationIncomeYearFive	107217
CY2021Q4	us-gaap	Below Market Lease Amortization Income After Year Five BelowMarketLeaseAmortizationIncomeAfterYearFive	824981
CY2021Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	1880612
CY2021Q4	us-gaap	Time Deposits At Or Above Fdic Insurance Limit TimeDepositsAtOrAboveFDICInsuranceLimit	2377633
CY2020Q4	us-gaap	Time Deposits At Or Above Fdic Insurance Limit TimeDepositsAtOrAboveFDICInsuranceLimit	1719233
CY2021Q4	mdrr	Security Deposits SecurityDeposits	222265
CY2020Q4	mdrr	Security Deposits SecurityDeposits	109059
CY2021Q4	us-gaap	Escrow Deposit EscrowDeposit	1523837
CY2020Q4	us-gaap	Escrow Deposit EscrowDeposit	1352723
CY2021Q4	mdrr	Capital Property Reserves CapitalPropertyReserves	1267470
CY2020Q4	mdrr	Capital Property Reserves CapitalPropertyReserves	674520
CY2021Q4	mdrr	Capital Property Reserves CapitalPropertyReserves	1267470
CY2020Q4	mdrr	Capital Property Reserves CapitalPropertyReserves	674520
CY2021Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	872322
CY2020Q4	us-gaap	Unbilled Contracts Receivable UnbilledContractsReceivable	673728
CY2020	mdrr	Termination Costs Recognized TerminationCostsRecognized	0
CY2021	mdrr	Termination Costs Recognized TerminationCostsRecognized	0
CY2021Q4	mdrr	Allowance For Rent And Other Receivables AllowanceForRentAndOtherReceivables	13010
CY2020Q4	mdrr	Allowance For Rent And Other Receivables AllowanceForRentAndOtherReceivables	4693
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0
CY2021	mdrr	Percentage Of Income Distributed PercentageOfIncomeDistributed	0.90
CY2021	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 consolidated financial statements, and revenues and expenses during the reported period. The Company’s actual results could differ from these estimates.</p>
CY2021	mdrr	Minority Interest Ownership Percentage By Noncontrolling Owners Exchanged Settlement In Advances Amount MinorityInterestOwnershipPercentageByNoncontrollingOwnersExchangedSettlementInAdvancesAmount	867000
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
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021	mdrr	Percentage Of Outstanding Operating Partnership Units PercentageOfOutstandingOperatingPartnershipUnits	0.0182
CY2021	us-gaap	Income Loss From Continuing Operations Attributable To Noncontrolling Entity IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity	214333
CY2021	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	3903
CY2020	mdrr	Percentage Of Outstanding Operating Partnership Units PercentageOfOutstandingOperatingPartnershipUnits	0.0434
CY2020	us-gaap	Income Loss From Continuing Operations Attributable To Noncontrolling Entity IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity	5663167
CY2020	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	-246001
CY2021	mdrr	Abatement Of Rent AbatementOfRent	439271
CY2020	mdrr	Abatement Of Rent AbatementOfRent	346897
CY2021Q4	mdrr	Cumulative Rent Abated CumulativeRentAbated	786168
CY2020Q4	mdrr	Cumulative Rent Abated CumulativeRentAbated	346897
CY2021	mdrr	Rent Receivable Bad Debt Expense RentReceivableBadDebtExpense	39024
CY2020	mdrr	Bad Debt Expenses Related To Covid19 BadDebtExpensesRelatedToCovid19	431143
CY2021Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	75896135
CY2021	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2026050
CY2021	us-gaap	Interest Expense Other InterestExpenseOther	464835
CY2021	us-gaap	Interest Expense InterestExpense	5534255
CY2020	us-gaap	Interest Expense Debt InterestExpenseDebt	2979389
CY2020Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	61995734
CY2021Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	6488220
CY2020Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	4939872
CY2021Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	69407915
CY2020Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	57055862
CY2021	mdrr	Capitalized Tenant Improvements CapitalizedTenantImprovements	143079
CY2020	mdrr	Capitalized Tenant Improvements CapitalizedTenantImprovements	60000
CY2020	mdrr	Impairment Of Capitalized Tenant Improvements Arising From Acquisition Cost Allocation ImpairmentOfCapitalizedTenantImprovementsArisingFromAcquisitionCostAllocation	81860
CY2021Q4	mdrr	Capitalized Leasing Commissions Net CapitalizedLeasingCommissionsNet	356327
CY2020Q4	mdrr	Capitalized Leasing Commissions Net CapitalizedLeasingCommissionsNet	346437
CY2021	mdrr	Capitalized Leasing Commissions CapitalizedLeasingCommissions	75304
CY2020	mdrr	Capitalized Leasing Commissions CapitalizedLeasingCommissions	56746
CY2021	mdrr	Amortization Of Capitalized Leasing Commissions AmortizationOfCapitalizedLeasingCommissions	65414
CY2020	mdrr	Amortization Of Capitalized Leasing Commissions AmortizationOfCapitalizedLeasingCommissions	49578
CY2020	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	3494058
CY2021Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	9846208
CY2020Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	12410250
CY2021Q4	us-gaap	Secured Debt SecuredDebt	7615368
CY2020Q4	us-gaap	Secured Debt SecuredDebt	10352000
CY2020	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	562196
CY2020	us-gaap	Interest Expense Other InterestExpenseOther	419041
CY2020	us-gaap	Interest Expense InterestExpense	3960626
CY2021	us-gaap	Below Market Lease Acquired BelowMarketLeaseAcquired	1132643
CY2021	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	25382171
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents	9019472
CY2021Q4	mdrr	Business Combination Consideration Transferred By Nci BusinessCombinationConsiderationTransferredByNci	469492
CY2021Q4	mdrr	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed New Mortgage Debt BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNewMortgageDebt	11411607
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt	4481600
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	25382171
CY2021	mdrr	Cash Provided By Non Controlling Investor CashProvidedByNonControllingInvestor	34508
CY2021Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	14275000
CY2021Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	13250000
CY2021Q4	us-gaap	Debt Related Commitment Fees And Debt Issuance Costs DebtRelatedCommitmentFeesAndDebtIssuanceCosts	2242273
CY2021Q4	us-gaap	Debt Related Commitment Fees And Debt Issuance Costs DebtRelatedCommitmentFeesAndDebtIssuanceCosts	283721
CY2021	us-gaap	Debt Instrument Payment Terms DebtInstrumentPaymentTerms	The new mortgage loan bears interest at a fixed rate of 3.808 percent and is interest only until January 6, 2025, at which time the monthly payment will become $61,800, which includes interest and principal based on a 30 year amortization schedule.
CY2021Q4	mdrr	Debt Instrument Amortization Schedule DebtInstrumentAmortizationSchedule	P30Y
CY2021Q4	mdrr	Debt Instruments Net Worth Covenant DebtInstrumentsNetWorthCovenant	13250000
CY2021Q4	mdrr	Debt Instruments Minimum Liquid Assets Covenant DebtInstrumentsMinimumLiquidAssetsCovenant	1000000
CY2021	us-gaap	Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction	123000
CY2021	us-gaap	Interest Expense Debt InterestExpenseDebt	3043370
CY2021Q4	us-gaap	Interest Payable Current InterestPayableCurrent	219476
CY2021Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	637688
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	339471
CY2020Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	956357
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	8622925
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	969781
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1003349
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1281071
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	10948516
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	40267724
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	63093366
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	960176
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	62133190
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	6550881
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	5703181
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	4489189
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	3746300
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	2601115
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	3927880
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	27018546
CY2021Q4	mdrr	Shares Authorized SharesAuthorized	1000000000
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	750000000
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	250000000
CY2021Q4	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	10886337
CY2021Q4	mdrr	Common Stock Aggregate Value Authorized CommonStockAggregateValueAuthorized	150
CY2021Q4	mdrr	Legal Costs And Filing Fees Incurred LegalCostsAndFilingFeesIncurred	84926
CY2021Q4	mdrr	Threshold Period To Issue Shares ThresholdPeriodToIssueShares	P36M
CY2021Q4	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	500000
CY2021	mdrr	Stock Repurchase Program Maximum Price Per Share StockRepurchaseProgramMaximumPricePerShare	4.80
CY2021	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	213531
CY2020	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	119681
CY2021	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	213531
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13092937
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4709980
CY2021	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	213531
CY2020	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	119681
CY2020	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	1843022
CY2021	mdrr	Weighted Average Number Of Diluted Shares Outstanding Effect Of Conversion WeightedAverageNumberOfDilutedSharesOutstandingEffectOfConversion	13306468
CY2020	mdrr	Weighted Average Number Of Diluted Shares Outstanding Effect Of Conversion WeightedAverageNumberOfDilutedSharesOutstandingEffectOfConversion	6672683
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-4364264
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-8180609
CY2021	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	13092937
CY2020	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4709980
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.33
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.74
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.02
CY2020	mdrr	Dividends Paid Amount Per Share DividendsPaidAmountPerShare	0.125
CY2021	us-gaap	Dividend Payable Date To Be Paid Day Month And Year DividendPayableDateToBePaidDayMonthAndYear	2020-03-10
CY2021	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2020-02-11
CY2021	us-gaap	Dividends Common Stock DividendsCommonStock	642105
CY2020	us-gaap	Dividends Common Stock DividendsCommonStock	562537
CY2021	us-gaap	Dividends Dividends	1151304
CY2020	us-gaap	Dividends Dividends	917733
CY2021	us-gaap	Concentration Risk Percentage1 ConcentrationRiskPercentage1	1
CY2021	mdrr	Real Estate Properties Number Of Tenants Under Rent Deferral RealEstatePropertiesNumberOfTenantsUnderRentDeferral	3
CY2021Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	81773
CY2021	mdrr	Deferred Rent Payment DeferredRentPayment	310118
CY2021	mdrr	Real Estate Properties Number Of Tenants Rent Abatement RealEstatePropertiesNumberOfTenantsRentAbatement	6
CY2021	mdrr	Rent Payments Abated RentPaymentsAbated	960498
CY2021	mdrr	Real Estate Properties Number Of Tenants Declared Bankruptcy RealEstatePropertiesNumberOfTenantsDeclaredBankruptcy	2
CY2020Q2	mdrr	Rent Receivable Bad Debt Expense RentReceivableBadDebtExpense	18750
CY2021Q4	us-gaap	Lessor Operating Lease Renewal Term LessorOperatingLeaseRenewalTerm	P5Y
CY2020	mdrr	Rent Receivable Bad Debt Expense RentReceivableBadDebtExpense	34556
CY2021	mdrr	Real Estate Properties Number Of Tenants Under Rent Deferral RealEstatePropertiesNumberOfTenantsUnderRentDeferral	3
CY2021	mdrr	Lease Rent Reductions LeaseRentReductions	784478
CY2021	mdrr	Lease Rent Additional Income Due To Term Extension Period LeaseRentAdditionalIncomeDueToTermExtensionPeriod	2945448
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	Number Of Room Nights Of Occupancy NumberOfRoomNightsOfOccupancy	2064
CY2021Q1	mdrr	Percentage Of Occupancy Of Total Rooms PercentageOfOccupancyOfTotalRooms	0.33
CY2021Q1	mdrr	Percentage Of Occupancy Of Total Rooms PercentageOfOccupancyOfTotalRooms	0.49
CY2021	us-gaap	Property Management Fee Percent Fee PropertyManagementFeePercentFee	0.00125
CY2021	mdrr	Asset Management Fees Cost Of Goods And Services Sold AssetManagementFeesCostOfGoodsAndServicesSold	817029
CY2020	mdrr	Asset Management Fees Cost Of Goods And Services Sold AssetManagementFeesCostOfGoodsAndServicesSold	605414
CY2021	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
CY2021	mdrr	Percentage Of Incentive Fee PercentageOfIncentiveFee	0.20
CY2021	mdrr	Percentage Of Weighted Average Share PercentageOfWeightedAverageShare	0.07
CY2022Q1	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2022-01-13
CY2020Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	232797
CY2020	us-gaap	Sec Schedule Iii Real Estate Writedown Or Reserve Amount SECScheduleIIIRealEstateWritedownOrReserveAmount	3749015
CY2020	mdrr	Real Estate Furniture Fixtures And Equipment RealEstateFurnitureFixturesAndEquipment	64818
CY2020Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	75967825
CY2020Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	75967825
CY2021	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	24053215
CY2021	mdrr	Real Estate Capitalized Leasing Commissions RealEstateCapitalizedLeasingCommissions	73458
CY2021	mdrr	Real Estate Capitalized Tenant Improvements RealEstateCapitalizedTenantImprovements	143079
CY2020	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	-83597
CY2021Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	308803
CY2021	mdrr	Real Estate Fully Amortized Tenant Improvements RealEstateFullyAmortizedTenantImprovements	-142645
CY2021	mdrr	Real Estate Furniture Fixtures And Equipment RealEstateFurnitureFixturesAndEquipment	32999
CY2021	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	13972091
CY2021Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	86464643
CY2020Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	6501713
CY2021	us-gaap	Real Estate Accumulated Depreciation Other Additions RealEstateAccumulatedDepreciationOtherAdditions	2270648
CY2021	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	-1561841
CY2019Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	3510654
CY2020	us-gaap	Real Estate Accumulated Depreciation Other Additions RealEstateAccumulatedDepreciationOtherAdditions	3074656
CY2021Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	7210520
CY2021Q4	us-gaap	Sec Schedule Iii Real Estate Investment Property Net SECScheduleIIIRealEstateInvestmentPropertyNet	79254123
CY2019Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	79302479
CY2020	mdrr	Real Estate Capitalized Leasing Commissions RealEstateCapitalizedLeasingCommissions	44157
CY2020	mdrr	Real Estate Capitalized Tenant Improvements RealEstateCapitalizedTenantImprovements	72589
CY2020Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	6501713
CY2020Q4	us-gaap	Sec Schedule Iii Real Estate Investment Property Net SECScheduleIIIRealEstateInvestmentPropertyNet	69466112

Files In Submission

Name	View Source	Status
0001410578-22-000383-index-headers.html	Edgar Link	pending
0001410578-22-000383-index.html	Edgar Link	pending
0001410578-22-000383.txt	Edgar Link	pending
0001410578-22-000383-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mdrr-20211231.xsd	Edgar Link	pending
mdrr-20211231x10k.htm	Edgar Link	pending
mdrr-20211231x10k028.jpg	Edgar Link	pending
mdrr-20211231x10k_htm.xml	Edgar Link	completed
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mdrr-20211231xex32d2.htm	Edgar Link	pending
mdrr-20211231_cal.xml	Edgar Link	unprocessable
mdrr-20211231_def.xml	Edgar Link	unprocessable
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mdrr-20211231_pre.xml	Edgar Link	unprocessable
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MDRR Medalist Diversified REIT, Inc. Stock $mdrr

2021 Form 10-K Financial Statement

#000141057822000383 Filed on March 16, 2022

Income Statement

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Files In Submission

$MDRR
Medalist Diversified REIT, Inc. Stock $mdrr