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 |
---|---|---|---|
4/29/2024 | $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 |
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 third quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of October, November and December 2024. On July 31, 2024, the Board of Dir
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 second quarter ended June 30, 2024. Highlights: Second quarter rental income of $11.3 million. Due to the elimination of some non-NNN tenant reimbursements related to the August 2023 portfolio disposition of 13 properties, rental income decreased $493,000. Concurrently during the quarter, we benefited from an $834,000 decrease in property expenses and $179,000 decrease in G&A. Second quarter AFFO of $3.9 million increased by $575,000, or 17.3% year over
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 second quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of July, August and September 2024. On May 1, 2024, the Board of Director
Management Provides NAV per share and Forward-Looking Thoughts 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 first quarter ended March 31, 2024. Highlights: First quarter rental income of $11.9 million increased $1.6 million, or 15.4% year-over-year. First quarter AFFO of $3.3 million increased $0.2 million, or 6.6% year-over year. Received $1.4 million non-refundable deposit, following the completion of due diligence, on the previously announced disposition of our Issaquah, Washington office prop
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 first quarter 2024 financial results for the quarter ended March 31, 2024 before the market opens on Thursday, May 2, 2024. Management will host a conference call the same day at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time) to discuss the results. Live conference call: 1-877-407-0789 or 1-201-689-8562 at 7:30 a.m. Pacific Time, Thursday, May 2 Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1669252&tp_key=f94e3de5d8
TAMPA, FL / ACCESSWIRE / April 9, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") announced its twelve- month financial and operating results for the period ended December 31, 2023.Annual Highlights(For the 12 months ended December 31, 2023)Generated net loss attributable to GIP common shareholders of $6.2 million, or $2.46 per basic and diluted share.Generated Core FFO of $534 thousand, or $0.21 per basic and diluted share.Generated Core AFFO of $705 thousand, or $0.28 per basic and diluted share.FFO and related measures are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operating performance of real est
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 2024 and the declaration of a regular monthly cash distribution of $0.09583 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 2024. On March 1, 2024, the Board of Directors auth
Management Provides Forward-Looking Thoughts 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, 2023. Highlights: Annual revenue of $46.9 million increased 7.1% year-over-year compared with 2022 revenue of $43.8 million. 2022 revenue included a $3.8 million non-recurring early lease termination fee and excluding that fee, 2023 revenue increased $6.9 million, or 17.3%. Full year 2023 AFFO of $14.7 million, or $1.33 per diluted share, exceeding street expectati
Announces Upcoming Conference Schedule and Tax Status of 2023 Distributions Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the following: Fourth Quarter 2023 Financial Results – will be released before the market opens on Monday, March 4, 2024. Management will host a conference call the same day at 8:30 a.m. Eastern Time to discuss the results. Live conference call: 1-877-407-0789 Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1658305&tp_key=83c3e36e04 Institutional Conference Schedule – Modiv will be participating in the
TAMPA, FL / ACCESSWIRE / January 31, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIP" or the "Company") issued 2,794,597 shares of its common stock in redemption of all 2,400,000 issued and outstanding shares of its Series A Preferred Stock (the "Redemption"). The shares of the Company's common stock issued in the Redemption were issued to the sole former holder of the Company's Series A Preferred Stock, Modiv Operating Partnership, L.P. ("Modiv OP"). The Company issued shares of its Series A Preferred Stock to Modiv OP in connection with its earlier disclosed portfolio acquisition from Modiv Industrial (NYSE:MDV) ("Modiv"). As previously announced by Modiv, on December 29, 202
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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
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 third quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of October, November and December 2024. On July 31, 2024, the Board of Dir
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 second quarter ended June 30, 2024. Highlights: Second quarter rental income of $11.3 million. Due to the elimination of some non-NNN tenant reimbursements related to the August 2023 portfolio disposition of 13 properties, rental income decreased $493,000. Concurrently during the quarter, we benefited from an $834,000 decrease in property expenses and $179,000 decrease in G&A. Second quarter AFFO of $3.9 million increased by $575,000, or 17.3% year over
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 second quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of July, August and September 2024. On May 1, 2024, the Board of Director
Management Provides NAV per share and Forward-Looking Thoughts 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 first quarter ended March 31, 2024. Highlights: First quarter rental income of $11.9 million increased $1.6 million, or 15.4% year-over-year. First quarter AFFO of $3.3 million increased $0.2 million, or 6.6% year-over year. Received $1.4 million non-refundable deposit, following the completion of due diligence, on the previously announced disposition of our Issaquah, Washington office prop
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 first quarter 2024 financial results for the quarter ended March 31, 2024 before the market opens on Thursday, May 2, 2024. Management will host a conference call the same day at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time) to discuss the results. Live conference call: 1-877-407-0789 or 1-201-689-8562 at 7:30 a.m. Pacific Time, Thursday, May 2 Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1669252&tp_key=f94e3de5d8
TAMPA, FL / ACCESSWIRE / April 9, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") announced its twelve- month financial and operating results for the period ended December 31, 2023.Annual Highlights(For the 12 months ended December 31, 2023)Generated net loss attributable to GIP common shareholders of $6.2 million, or $2.46 per basic and diluted share.Generated Core FFO of $534 thousand, or $0.21 per basic and diluted share.Generated Core AFFO of $705 thousand, or $0.28 per basic and diluted share.FFO and related measures are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operating performance of real est
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 2024 and the declaration of a regular monthly cash distribution of $0.09583 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 2024. On March 1, 2024, the Board of Directors auth
Management Provides Forward-Looking Thoughts 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, 2023. Highlights: Annual revenue of $46.9 million increased 7.1% year-over-year compared with 2022 revenue of $43.8 million. 2022 revenue included a $3.8 million non-recurring early lease termination fee and excluding that fee, 2023 revenue increased $6.9 million, or 17.3%. Full year 2023 AFFO of $14.7 million, or $1.33 per diluted share, exceeding street expectati
Announces Upcoming Conference Schedule and Tax Status of 2023 Distributions Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the following: Fourth Quarter 2023 Financial Results – will be released before the market opens on Monday, March 4, 2024. Management will host a conference call the same day at 8:30 a.m. Eastern Time to discuss the results. Live conference call: 1-877-407-0789 Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1658305&tp_key=83c3e36e04 Institutional Conference Schedule – Modiv will be participating in the
Management Provides Forward-Looking Thoughts Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the declaration of a stock distribution of Generation Income Properties, Inc. (NASDAQ:GIPR), common stock to the stockholders of Modiv Industrial. On December 29, 2023, Modiv Industrial received GIPR's notice that on January 31, 2024, it will redeem the GIPR Series A Preferred Stock that the Company received as partial consideration for its August 2023 sale of 13 retail and office properties to GIPR. Under the contractual agreement with GIPR, Mo
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10-Q - Modiv Industrial, Inc. (0001645873) (Filer)
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10-K/A - Modiv Industrial, Inc. (0001645873) (Filer)
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424B3 - Modiv Industrial, Inc. (0001645873) (Filer)
Modiv (NYSE:MDV) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.31 by 6.45 percent. This is a 3.33 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $11.901 million which missed the analyst consensus estimate of $12.152 million by 2.07 percent. This is a 15.42 percent increase over sales of $10.311 million the same period last year.
Alliance Global Partners analyst Gaurav Mehta initiates coverage on Modiv Industrial (NYSE:MDV) with a Buy rating and announces Price Target of $18.
Modiv (NYSE:MDV) reported quarterly AFFO of $0.40 per share. This is a 41.18 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $12.29 million which missed the analyst consensus estimate of $12.44 million by 1.22 percent. This is a 14.50 percent decrease over sales of $14.37 million the same period last year.
Companies Reporting Before The Bell • Sohu.com (NASDAQ:SOHU) is estimated to report earnings for its fourth quarter. • Avadel Pharmaceuticals (NASDAQ:AVDL) is projected to report quarterly loss at $0.29 per share on revenue of $18.11 million. • LENSAR (NASDAQ:LNSR) is expected to report quarterly loss at $0.22 per share on revenue of $12.00 million. • Sea (NYSE:SE) is projected to report quarterly loss at $0.27 per share on revenue of $3.53 billion. • Global Ship Lease (NYSE:GSL) is estimated to report quarterly earnings at $2.35 per share on revenue of $172.02 million. • Modiv Industrial (NYSE:MDV) is likely to report earnings for its fourth quarter. • GEO Group (NYSE:GEO) is estimat
Modiv (NYSE:MDV) reported quarterly earnings of $0.35 per share. This is a 12.9 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $12.50 million which beat the analyst consensus estimate of $12.04 million by 3.82 percent. This is a 22.41 percent increase over sales of $10.21 million the same period last year.
Companies Reporting Before The Bell • Sohu.com (NASDAQ:SOHU) is expected to report earnings for its third quarter. • Dixie Gr (NASDAQ:DXYN) is estimated to report earnings for its third quarter. • IM Cannabis (NASDAQ:IMCC) is estimated to report quarterly loss at $0.21 per share on revenue of $13.30 million. • Kamada (NASDAQ:KMDA) is expected to report earnings for its third quarter. • Broadwind (NASDAQ:BWEN) is projected to report quarterly earnings at $0.08 per share on revenue of $58.22 million. • Moleculin Biotech (NASDAQ:MBRX) is likely to report earnings for its third quarter. • Modiv Industrial (NYSE:MDV) is likely to report earnings for its third quarter. • Roivant Sciences (
Modiv (NYSE:MDV) reported quarterly AFFO of $0.31 per share. This is a 11.43 percent decrease over $0.35 per share from the same period last year. The company reported $11.84 million in sales this quarter. This is increase over sales of $10.14 million the same period last year.
EF Hutton analyst Gaurav Mehta assumes Modiv (NYSE:MDV) with a Buy rating and announces Price Target of $17.
In any stock, exchange-traded fund (ETF) or mutual fund prospectus, an investor is likely to come across the phrase "past performance is no guarantee of future results.” You should never assume that an investment will continue to perform well just because it's done so in the past. Events can change the direction of a stock overnight. A company could miss earnings estimates, be downgraded by a well-known analyst or be hit with an expensive lawsuit. A successful CEO announcing their retirement also could have an impact. Even the best-performing stock can retrace its gains simply because it’s short-term overextended. Those who try to chase a runaway price may find themselves buying a stock ju