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. reports developments as an internally managed REIT focused on single-tenant net-lease industrial manufacturing real estate. Its updates center on operating results, adjusted funds from operations, portfolio lease characteristics, acquisitions or dispositions of industrial manufacturing properties, and capital recycling across its real estate holdings.
Recurring announcements also cover monthly distributions on Class C common stock, quarterly dividends on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, annual dividend tax treatment, credit and capital actions, and strategic commentary on expenses, tenant credit, long-term leases, and shareholder value initiatives.
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Modiv Inc. (NYSE:MDV) has declared a regular quarterly cash dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock for Q1 2023, payable on April 17, 2023. This dividend reflects an annualized rate of $1.84375 per share. Additionally, the company authorized monthly cash distributions of $0.09583 per share on its Class C common stock for April, May, and June 2023, with payment dates on May 25, June 26, and July 25, respectively. Each monthly distribution equates to an annualized rate of $1.15 per share.
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.