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Medalist Diversified REIT (Medalist Diversified REIT) Gross Property, Plant and Equipment : $0.00 Mil (As of Mar. 2024)


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What is Medalist Diversified REIT Gross Property, Plant and Equipment?


Medalist Diversified REIT Gross Property, Plant and Equipment Historical Data

The historical data trend for Medalist Diversified REIT's Gross Property, Plant and Equipment 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 Gross Property, Plant and Equipment Chart

Medalist Diversified REIT Annual Data
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Medalist Diversified REIT Quarterly Data
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Medalist Diversified REIT Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Medalist Diversified REIT  (NAS:MDRR) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


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Medalist Diversified REIT (Medalist Diversified REIT) Business Description

Industry
Traded in Other Exchanges
Address
1051 E. Cary Street, Suite 601, James Center Three, Richmond, VA, USA, 23219
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-add 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.
Executives
Emanuel D Neuman director C/O MEDALIST DIVERSIFIED REIT, INC., PO BOX 8436, RICHAMOND VA 23226
Benjamin Ore other: Senior Accountant 12215 HAMPTON VALLEY TURN, CHESTERFIELD VA 23832
David Lunin director C/O MEDALIST DIVERSIFIED REIT, INC., PO BOX 8436, RICHMOND VA 23226
Timothy Patrick O'brien director 7504 HACKAMORE DRIVE, POTOMAC MD 20854
Frank Kavanaugh director, 10 percent owner 3419 VIA LIDO, SUITE 470, NEWPORT BEACH CA 92663
Winn Charles Brent Jr. officer: Chief Financial Officer 9601 CRAGMONT DRIVE, RICHMOND VA 23229
Elliott Colin other: Vice President 2915 MONUMENT AVE., RICHMOND VA 23221
Alfred Lee Finley 10 percent owner 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177
Thomas E Messier director, officer: See Remarks 11 S. 12TH STREET, SUITE 401, RICHMOND VA 23219
Alf Operating Partners, Ltd. 10 percent owner 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177
Susan Finley 10 percent owner 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177
Alf Acquisitions Company, Llc 10 percent owner 2800 GOLDEN TRIANGLE BLVD, FORT WORTH TX 76177
Neil P Farmer director 7 SHADOW LANE, RICHMOND VA 23229
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Dianna Raedle director 240 CENTRAL PARK SOUTH, APT 6B, NEW YORK NY 10019