Modiv Industrial Inc Stock Price, News & Analysis

Modiv Inc. (NYSE:MDV) announced strong operating results for 2022, showing a 22% increase in revenue to $46.2 million and a 45% rise in annual AFFO to $16.6 million, or $1.63 per diluted share. The fourth quarter saw revenue of $14.4 million, a 63% year-over-year increase, with quarterly AFFO at $6.9 million, or $0.68 per diluted share. The company successfully navigated a challenging market, acquiring properties valued at over $162 million. Despite a net loss of $(7.0) million for the year, Modiv managed a dividend yield of 9.8%. Looking ahead, the company aims to acquire at least $100 million in industrial properties in 2023.

Modiv Inc. (NYSE: MDV) has announced the tax treatment of its 2022 dividends on the 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock and Common Stock. Shareholders in 2022 will receive IRS Form 1099-DIV from Computershare or relevant institutions. For the Series A Preferred Stock, 100% of dividends are classified as ordinary. For Common Stock, 33.9% are ordinary dividends, whereas 66.1% are classified as return of capital. Tax implications may vary, and Modiv advises consulting a tax advisor for individual circumstances. The company actively acquires industrial properties and emphasizes investor-focused monthly dividends.

Modiv Inc. (NYSE:MDV), a real estate investment trust (REIT), will report its fourth quarter and fiscal year 2022 financial results on February 23, 2023, before market opens. A conference call will take place at 8:00 a.m. PST the same day to discuss these results. Modiv focuses on acquiring and managing single-tenant net-lease properties, particularly industrial manufacturing sites with long-term leases. As of September 30, 2022, the company had an estimated $545 million real estate portfolio comprising 3.2 million square feet. For more information, visit www.modiv.com.

Modiv Inc. (NYSE:MDV), a real estate investment trust, announced CEO Aaron Halfacre and CFO Ray Pacini will present at the Sidoti December Virtual Investor Conference on December 7-8, 2022. The live presentation is set for 3:15 p.m. ET on December 7. Investors can access the presentation online and schedule one-on-one meetings with company representatives during the event. As of September 30, 2022, Modiv's portfolio is valued at $545 million, encompassing 3.2 million square feet of real estate, focusing on single-tenant net-leases.

Modiv Inc. (NYSE:MDV) reported consistent revenues of $10.2 million for Q3 2022, marking a 17% increase year-over-year after adjusting for a prior year's one-time fee. The Adjusted Funds From Operations (AFFO) were $3.1 million, or $0.31 per diluted share. The company executed a strategic portfolio repositioning, acquiring $28.7 million in industrial properties and selling $22.2 million in office properties, realizing a gain of $4.7 million. With a current dividend yield of 11%, Modiv has maintained a disciplined investment approach amidst market volatility.

Modiv Inc. (NYSE:MDV) has received a 'Buy' recommendation from Ladenburg Thalmann & Co., adding to the existing four 'Buy' ratings from independent analysts, indicating strong confidence in the stock. The consensus target price suggests over 90% upside potential from current levels. The CEO highlighted the company's shift towards industrial manufacturing properties while offloading non-core assets. Modiv offers a robust monthly dividend with a double-digit yield, appealing to investors seeking stable returns in a volatile market.

Modiv Inc. (NYSE:MDV) announced a regular quarterly cash dividend of $0.4609375 per share on its 7.375% Series A Preferred Stock for Q4 2022, payable on January 17, 2023. This reflects an annualized rate of $1.84375. Additionally, monthly cash distributions of $0.09583 per share on Class C Common Stock will be paid for January, February, and March 2023, with payments on February 24, March 24, and April 25, respectively, representing an annualized rate of $1.15.

Modiv Inc. (NYSE:MDV), a real estate investment trust, announced the successful expansion of its Credit Facility to $400 million as of October 21, 2022. This includes a $150 million revolving credit and a $250 million term loan, with an accordion option allowing for total commitments up to $750 million. The interest rates vary based on the company’s leverage ratio, currently at 38%, with fixed-rate debt making up 97% of its obligations. This expansion supports Modiv's strategy to invest in net-leased industrial properties.

Modiv Inc (NYSE:MDV) will report its third quarter financial results on November 14, 2022, prior to the market opening. A conference call will be held on the same day at 8:00 a.m. PT to discuss these results. Modiv is an internally managed REIT with a $540 million real estate portfolio as of June 30, 2022, focusing on single-tenant net-lease properties crucial to tenants. The company's strategy emphasizes innovation and aims to deliver monthly dividends to investors.