Modiv Industrial Increases AFFO and Retires Preferred Shares [Yahoo! Finance]
Modiv Industrial, Inc. Class C (MDV)
Company Research
Source: Yahoo! Finance
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 REIT CEO in a high interest rate environment feels a lot like being Rodney Dangerfield…you might be entertaining to investors on any given day but the majority of time you get no res
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MDV
News
- Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common ShareholdersBusiness Wire
- Modiv Industrial Increases AFFO and Retires Preferred SharesBusiness Wire
- https://seekingalpha.com/article/4765559-modivcare-inc-modv-q4-2024-earnings-call-transcript [Seeking Alpha]Seeking Alpha
- Modiv Industrial Announces Fourth Quarter and Full Year 2024 ResultsBusiness Wire
- Modiv Industrial Announces Latest Portfolio Appraisal [Yahoo! Finance]Yahoo! Finance
MDV
Earnings
- 3/4/25 - Beat
MDV
Sec Filings
- 4/1/25 - Form 4
- 4/1/25 - Form 3
- 4/1/25 - Form 4
- MDV's page on the SEC website