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.
Modiv Inc (NYSE:MDV) plans to report its second quarter 2022 financial results on August 11, 2022, before the market opens. A conference call to discuss these results will take place at 8:00 a.m. Pacific Time. The company specializes in acquiring and managing a diversified portfolio of single-tenant net-lease real estate, primarily in industrial and retail sectors, with an estimated fair value of $550 million. Investors can access the conference call and webcast via the company’s investor relations page.
Modiv Inc. (NYSE:MDV) has declared a quarterly cash dividend of $0.4609375 per share on its 7.375% Series A Preferred Stock, payable on July 15, 2022, for stockholders of record as of June 30, 2022. Additionally, the company announced a monthly cash distribution of $0.09583 per share on its Class C common stock for July, August, and September 2022. The equity analyst coverage by Colliers Securities began on June 6, 2022, with a 'Buy' recommendation and $22 price target.
Modiv Inc. (NYSE:MDV), a real estate investment trust, announces participation in key investor conferences. CEO Aaron Halfacre and CFO Ray Pacini will present at Nareit’s REITWeek from June 7-9, 2022, and at the Sidoti Small-Cap Virtual Investor Conference on June 15-16, 2022. Modiv's investor relations activities also include attendance at the B. Riley Securities Institutional Investor Conference on May 25-26, 2022. As of April 30, 2022, Modiv's real estate portfolio is valued at approximately $550 million, consisting of 2.9 million square feet of leasable area.
Modiv Inc. (NYSE:MDV) reported a 7% year-over-year revenue increase to $9.6 million for Q1 2022, driven by rental income from recent acquisitions. AFFO rose 33% to $3.0 million, or $0.39 per share. The company acquired over $133 million in properties at an average cap rate exceeding 7.9%. Despite a net loss of $11.1 million due to a goodwill impairment of $17.3 million, Modiv declared monthly dividends of $0.09583 per share. The 2022 AFFO per share guidance is set between $1.26 and $1.36, reflecting expectations for strategic acquisitions and dispositions.
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 $56.1 million. This acquisition includes eight properties across five states, and it features a 25-year lease with annual rent increases of 2%. The transaction presents an initial cap rate of 6.65% and an attractive weighted average cap rate of 8.52%. This deal reflects Modiv's strategy of investing in essential industrial properties, contributing to over $133 million in acquisitions in the first four months of 2022.
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 $0.4609375 per share for its 7.375% Series A Preferred Stock, payable on April 15, 2022, to shareholders of record by March 31, 2022.
Additionally, the company announced a monthly cash dividend of $0.09583 per share for its Class C Common Stock for the months of April, May, and June 2022, with payments scheduled for May 25, June 27, and July 25 respectively. The annualized rates stand at $1.84375 and $1.15 for Preferred and Common Stocks, respectively.
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.