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 Inc. (NYSE:MDV) announced its first quarter 2022 financial results will be reported before the market opens on May 16, 2022. A conference call is scheduled for the same day at 8:00 a.m. PT to discuss the results. Modiv, an internally managed REIT, focuses on acquiring, owning, and managing a diversified portfolio of single-tenant net-lease properties, primarily in industrial and retail sectors. As of March 31, 2022, Modiv's real estate portfolio had an estimated fair value of $500 million, covering 2.3 million square feet.
Modiv Inc. (NYSE:MDV) has completed the acquisition of the Lindsay Precast, LLC portfolio in a sale leaseback transaction valued at
Modiv Inc. (NYSE:MDV) announced coverage initiation by two analysts, B. Riley Securities and EF Hutton, both recommending 'Buy' with price targets of $24 and $23, respectively. Colliers Securities also shared a positive industry note highlighting Modiv's attractive trading price relative to an appraised net asset value exceeding $28 per share. CEO Aaron Halfacre expressed gratitude for the analysts' recognition and emphasized the company’s operational strength, while noting that no immediate equity issuance plans exist despite maintaining a registration statement for future opportunities.
Modiv Inc. (NYSE:MDV) reported its fourth quarter and full year results for 2021, with total revenue of $7.9 million for Q4 and $36.2 million for the year, reflecting losses due to property dispositions. The net loss for Q4 was $3.1 million, compared to a gain in Q4 2020. However, adjusted funds from operations (AFFO) increased by 41% to $2.4 million. The company has initiated a growth strategy with over $90 million in acquisitions. They also launched a $250 million credit facility and authorized $20 million for share repurchases. Monthly dividends remain at $0.09583 per share.
Modiv Inc. (NYSE:MDV) has declared a quarterly cash dividend of
Additionally, the company announced a monthly cash dividend of
Modiv Inc. (NYSE:MDV) announces it will release its fourth quarter and 2021 year-end financial results on March 23, 2022, after market close. A conference call to discuss these results will occur on March 24, 2022, at 8:00 a.m. PT. Modiv, a real estate investment trust, focuses on acquiring and managing a diverse portfolio of single-tenant net-lease properties, including industrial and retail. As of December 31, 2021, the company's estimated real estate portfolio value stood at $500 million, encompassing 2.4 million square feet of leasable area.
Modiv Inc. (NYSE:MDV) announced a share repurchase program of up to $20 million and declared a monthly cash dividend of $0.095833 for February and March 2022. The share buyback aims to enhance shareholder value and reflects confidence in the company's fundamentals. Additionally, Modiv has distributed over $40 million in dividends since inception, with plans for future increases. The repurchase program will be flexible based on market conditions, while the annualized dividend rate stands at $1.15 per share.
Modiv Inc. has priced an underwritten public offering of 40,000 shares of its Class C Common Stock at $25.00 per share, facilitating the stock's upcoming trading on the NYSE under the ticker 'MDV.' Expected trading begins on February 11, 2022, with closing anticipated on February 15, 2022. After the offering, the total shares of Class C Common Stock will number 7,561,211. The share conversion from Class S to Class C will also occur upon listing, and the Preferred Stock ticker will change from 'MDVA' to 'MDV.PRA.'