Welcome to our dedicated page for Modiv Industrial news (Ticker: MDV), a resource for investors and traders seeking the latest updates and insights on Modiv Industrial stock.
Modiv Industrial, Inc. (NYSE: MDV) is an internally managed REIT focused on single-tenant, net-lease industrial manufacturing real estate. This news page aggregates press releases, earnings announcements and other company communications so readers can follow how Modiv Industrial’s industrial manufacturing property portfolio and capital decisions evolve over time.
Recent news highlights include regular quarterly cash dividends on the company’s 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock and monthly cash distributions on its Class C common stock, as authorized by the board of directors. The company also issues earnings releases that discuss rental revenue, property-level performance, non-GAAP measures such as Adjusted Funds From Operations (AFFO), and portfolio characteristics referenced in its supplemental data.
Investors and analysts can use this page to review Modiv Industrial’s updates on operating results, dividend declarations, and portfolio activity related to its single-tenant industrial manufacturing properties. The company’s communications also address topics such as its focus on critical industrial manufacturing assets with long-term leases and its perspective on factors affecting industrial manufacturing real estate.
By reviewing the MDV news feed, readers can see how Modiv Industrial reports on its financial condition, provides context around its REIT strategy, and discloses board actions on dividends and distributions. This page offers a centralized view of company-issued information for anyone tracking developments at Modiv Industrial.
Modiv Industrial (NYSE:MDV) announced Q2 2024 results with rental income of $11.3 million, a slight decrease due to portfolio changes. However, AFFO increased by 17.3% year-over-year to $3.9 million. The company completed a $5.2 million acquisition of an industrial manufacturing property in Tampa, Florida, with a 20-year lease at an initial 8.0% cap rate. Modiv also repurchased 656,191 Class C units and 123,809 common shares for $11.54 million, an accretive transaction increasing AFFO per diluted share to $0.37 on a pro forma basis. The company maintains a fully covered dividend yield of 7.79%. Modiv is in discussions for a potential joint venture with a private equity firm to acquire a stake in their industrial manufacturing portfolio.
Modiv Industrial, Inc. (NYSE:MDV), the only public REIT focused exclusively on industrial manufacturing real estate properties, has announced it will release its second quarter 2024 financial results on August 6, 2024, before the market opens. The company will host a conference call the same day at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time) to discuss the results.
Investors can access the live conference call by dialing 1-877-407-0789 or 1-201-689-8562. A webcast of the call will also be available through the company's website at www.modiv.com or via a direct link provided in the announcement.
Modiv Industrial, the only public REIT focused exclusively on industrial manufacturing real estate properties, announced quarterly dividends for Series A Preferred Stock and monthly distributions for Common Stock. Preferred shareholders will receive a quarterly cash dividend of $0.4609375 per share, equating to an annualized rate of $1.84375 per share, payable on July 15, 2024. Common shareholders will receive a monthly distribution of $0.09583 per share for July, August, and September 2024, amounting to an annualized distribution rate of $1.15 per share and a 7.3% dividend yield based on the May 21, 2024, closing price of $15.66.
Modiv Industrial reported its first-quarter 2024 results, with highlights including NAV per share and a discussion of its financial performance.
Modiv Industrial, Inc. (NYSE:MDV) will report its first quarter 2024 financial results on May 2. The company focuses on acquiring industrial manufacturing real estate properties. A conference call will be held to discuss the results.
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