MDRRP.PFD (Medalist Diversified REIT) Cash, Cash Equivalents, Marketable Securities : $3.12 Mil (As of Sep. 2024)

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What is Medalist Diversified REIT Cash, Cash Equivalents, Marketable Securities?

Medalist Diversified REIT's quarterly cash, cash equivalents, marketable securities increased from Mar. 2024 ($3.64 Mil) to Jun. 2024 ($3.83 Mil) but then stayed the same from Jun. 2024 ($3.83 Mil) to Sep. 2024 ($3.12 Mil).

Medalist Diversified REIT's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($4.37 Mil) to Dec. 2022 ($3.92 Mil) and declined from Dec. 2022 ($3.92 Mil) to Dec. 2023 ($2.24 Mil).

Medalist Diversified REIT Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Medalist Diversified REIT's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Medalist Diversified REIT Cash, Cash Equivalents, Marketable Securities Chart

Medalist Diversified REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.61

2.86

4.37

3.92

2.24

Medalist Diversified REIT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															3.02	2.24	3.64	3.83	3.12

Medalist Diversified REIT Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Medalist Diversified REIT (NAS:MDRRP.PFD) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Medalist Diversified REIT Cash, Cash Equivalents, Marketable Securities Related Terms

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Medalist Diversified REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Medalist Diversified REIT Inc (NAS:MDRRP.PFD) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

MDRR:USA

Address

P. O. Box 8436, Richmond, VA, USA, 23226

Website

https://www.medalistreit.com

Medalist Diversified REIT Inc is engaged in the acquisition, reposition, renovation, leasing, and managing of income-producing properties with a focus on commercial properties, including flex-industrial and retail properties, multi-family residential properties, and hotel properties. The company operates as a UPREIT and owns properties through its subsidiary, Medalist Diversified Holdings, LP. Its principal objectives include sourcing value-added Investments in markets in which it maintains deep industry relationships and local market knowledge and the creation of value for stockholders by utilizing its relationships and local knowledge of commercial real estate investment, management, and disposition.