Modiv Inc., (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases. The Company's goal is to generate current income for investors and long-term capital appreciation in the value of its properties.
IPO Year: 2022
Exchange: NYSE
Website: https://www.modiv.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2025 | $18.00 | Buy | B. Riley Securities |
| 4/29/2024 | $18.00 | Buy | Alliance Global Partners |
| 9/30/2022 | $20.00 | Buy | Janney |
| 6/6/2022 | $22.00 | Buy | Colliers Securities |
| 3/30/2022 | $24.00 | Buy | B. Riley Securities |
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Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today issued the following message from the CEO to provide clarity regarding the rationale and impact of the reverse stock proposal set forth in the Company's proxy statement for its 2025 Annual Meeting of Stockholders: "A few weeks ago, we filed our 2025 annual proxy statement. We have received a small number of inquiries regarding the reverse stock split proposal that we put forth. Given that there appears to be a pattern of confusion (not surprising given the legalese of the proxy), we decided to send
Provides Update on Tariff Impacts Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2025. Highlights: First quarter 2025 revenue of $11.8 million and net income attributable to common stockholders of $2,000. First quarter AFFO of $3.9 million, or $0.33 per diluted share, increased $0.6 million, or 18% year-over year, beating consensus estimates. Repurchased 275,000 shares of preferred stock YTD, representing 13.8% of total issued, at an average price of $23.74. Executed a 10 year lease re
Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter ended March 31, 2025 before the market opens on Wednesday, May 7, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-877-407-0789 or 1-201-689-8562 at 11:00 a.m. Eastern Time, Wednesday, May 7. Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1718826&tp_key=0f462a9f79 or visit the investor relations page of M
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the first quarter of 2025 and the declaration of a regular monthly cash distribution of $0.0975 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of April, May and June 2025, representing an annual distribution rate of $1.1
Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today provided a financial update. Highlights: Retires 7.5% of Modiv's Series A Preferred shares at a 6% discount to par value. The 150,000 preferred share acquisition at $23.50 per share, for a total of $3.525 million, represents a 7.85% annual yield and a 13.45% yield to call. Increases base case, static 2025 Adjusted Funds From Operations ("AFFO") estimate to $1.39 per fully diluted share. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "Most days being a small cap R
Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the fourth quarter and full year ended December 31, 2024. Highlights: Full year 2024 net income attributable to common stockholders of $2.3 million, or $0.25 per diluted share. Fourth quarter 2024 net income attributable to common stockholders of $0.6 million, or $0.07 per diluted share. Full year 2024 AFFO of $14.99 million, or $1.34 per diluted share, exceeding street expectations by $0.08 per share. Fourth quarter AFFO of $4.1 million, or $0.37 per dil
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter and year ended December 31, 2024 before the market opens on Tuesday, March 4, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-877-407-0789 or 1-201-689-8562 at 11:00 a.m. Eastern Time, Tuesday, March 4. Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1707091&tp_key=90a8b3a220 or visit the investor rela
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the tax treatment for its 2024 common stock and preferred stock dividends. Total Common Stock Distributions Paid in 2024: $ 2.31480 (a) Ordinary Income Portion of Distributions $ 0.37338 (16.13%) Non-Taxable Distributions (Return of Capital) $ 1.94142 (83.87%) (a) Includes $1.1648 per share distribution of Generation Income Properties, Inc. common stock on January 31, 2024 Total Series A Preferred Stock Dividends Paid in 2024: $
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the fourth quarter of 2024 and the declaration of a regular monthly cash distribution of $0.0975 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of January, February and March 2025, representing an annual distribution rat
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B. Riley Securities resumed coverage of Modiv with a rating of Buy and set a new price target of $18.00
Alliance Global Partners initiated coverage of Modiv with a rating of Buy and set a new price target of $18.00
Janney initiated coverage of Modiv with a rating of Buy and set a new price target of $20.00
Colliers Securities initiated coverage of Modiv with a rating of Buy and set a new price target of $22.00
B. Riley Securities initiated coverage of Modiv with a rating of Buy and set a new price target of $24.00
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Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today issued the following message from the CEO to provide clarity regarding the rationale and impact of the reverse stock proposal set forth in the Company's proxy statement for its 2025 Annual Meeting of Stockholders: "A few weeks ago, we filed our 2025 annual proxy statement. We have received a small number of inquiries regarding the reverse stock split proposal that we put forth. Given that there appears to be a pattern of confusion (not surprising given the legalese of the proxy), we decided to send
Provides Update on Tariff Impacts Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2025. Highlights: First quarter 2025 revenue of $11.8 million and net income attributable to common stockholders of $2,000. First quarter AFFO of $3.9 million, or $0.33 per diluted share, increased $0.6 million, or 18% year-over year, beating consensus estimates. Repurchased 275,000 shares of preferred stock YTD, representing 13.8% of total issued, at an average price of $23.74. Executed a 10 year lease re
Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter ended March 31, 2025 before the market opens on Wednesday, May 7, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-877-407-0789 or 1-201-689-8562 at 11:00 a.m. Eastern Time, Wednesday, May 7. Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1718826&tp_key=0f462a9f79 or visit the investor relations page of M
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the first quarter of 2025 and the declaration of a regular monthly cash distribution of $0.0975 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of April, May and June 2025, representing an annual distribution rate of $1.1
Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today provided a financial update. Highlights: Retires 7.5% of Modiv's Series A Preferred shares at a 6% discount to par value. The 150,000 preferred share acquisition at $23.50 per share, for a total of $3.525 million, represents a 7.85% annual yield and a 13.45% yield to call. Increases base case, static 2025 Adjusted Funds From Operations ("AFFO") estimate to $1.39 per fully diluted share. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "Most days being a small cap R
Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the fourth quarter and full year ended December 31, 2024. Highlights: Full year 2024 net income attributable to common stockholders of $2.3 million, or $0.25 per diluted share. Fourth quarter 2024 net income attributable to common stockholders of $0.6 million, or $0.07 per diluted share. Full year 2024 AFFO of $14.99 million, or $1.34 per diluted share, exceeding street expectations by $0.08 per share. Fourth quarter AFFO of $4.1 million, or $0.37 per dil
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter and year ended December 31, 2024 before the market opens on Tuesday, March 4, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-877-407-0789 or 1-201-689-8562 at 11:00 a.m. Eastern Time, Tuesday, March 4. Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1707091&tp_key=90a8b3a220 or visit the investor rela
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the tax treatment for its 2024 common stock and preferred stock dividends. Total Common Stock Distributions Paid in 2024: $ 2.31480 (a) Ordinary Income Portion of Distributions $ 0.37338 (16.13%) Non-Taxable Distributions (Return of Capital) $ 1.94142 (83.87%) (a) Includes $1.1648 per share distribution of Generation Income Properties, Inc. common stock on January 31, 2024 Total Series A Preferred Stock Dividends Paid in 2024: $
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the fourth quarter of 2024 and the declaration of a regular monthly cash distribution of $0.0975 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of January, February and March 2025, representing an annual distribution rat