Modiv Industrial Inc Stock Price, News & Analysis

Modiv Industrial (NYSE: MDV), a REIT focused exclusively on industrial manufacturing real estate properties, has scheduled its Q1 2025 earnings release for May 7, 2025, before market opening. The company will host a conference call at 11:00 AM Eastern Time on the same day to discuss the results. Investors can access the call via phone (1-877-407-0789 or 1-201-689-8562) or through a webcast available on the company's website.

Modiv Industrial (NYSE:MDV), a REIT focused exclusively on industrial manufacturing real estate, has announced dividend declarations for both preferred and common shareholders. Series A Preferred Stock holders will receive a quarterly dividend of $0.4609375 per share ($1.84375 annualized) payable on April 15, 2025, to stockholders of record as of March 31, 2025.

Common Stock shareholders will receive monthly distributions of $0.0975 per share ($1.17 annualized) for April, May, and June 2025. These payments will be made around May 15, June 16, and July 15, 2025, to stockholders of record as of April 30, May 30, and June 30, 2025, respectively. The common stock distribution represents a 7.67% dividend yield based on the March 12, 2025 closing price of $15.25.

Modiv Industrial (NYSE:MDV) has announced significant financial updates, including the retirement of 150,000 Series A Preferred shares at $23.50 per share, representing 7.5% of their preferred stack. The $3.525 million transaction was executed at a 6% discount to par value, yielding 7.85% annually and 13.45% to call.

The company has increased its base case, static 2025 Adjusted Funds From Operations (AFFO) estimate to $1.39 per fully diluted share. This strategic move will result in $276,000 in additional annual savings, complementing the previously announced $700,000 in interest savings and $300,000 in revolver savings.

The transaction demonstrates Modiv's commitment to reducing leverage and strengthening cash flow for common equity investors. The company deployed capital raised from Q4 2024 ATM sales at 7.24% dividend yield into this higher-yielding investment at 7.85%.

Modiv Industrial (NYSE:MDV) reported its Q4 and full year 2024 results, achieving full-year net income of $2.3 million ($0.25 per diluted share) and Q4 net income of $0.6 million ($0.07 per diluted share). The company's full-year AFFO reached $14.99 million ($1.34 per diluted share), exceeding street expectations by $0.08 per share, while Q4 AFFO was $4.1 million ($0.37 per diluted share), beating consensus by 22%.

During Q4 2024, the company sold and issued 287,840 shares at an average price of $16.16. Looking ahead to 2025, Modiv secured over $1.4 million in cash expense savings through G&A and financing efficiencies. The company projects 2025 AFFO of $1.37 per diluted share, 19% higher than street consensus of $1.15.

Recent transactions include a $2 million asset sale in Endicott, NY, and an upcoming $6 million UPREIT acquisition in Jacksonville, FL MSA.

Modiv Industrial (NYSE:MDV), the exclusive public REIT focused on industrial manufacturing real estate properties, has scheduled its fourth quarter and full-year 2024 financial results announcement for March 4, 2025, before market opening. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results.

Investors can access the live conference call via telephone at 1-877-407-0789 or 1-201-689-8562, or join the webcast through the company's website at www.modiv.com.

Modiv Industrial (NYSE:MDV), a REIT focused exclusively on industrial manufacturing real estate properties, has disclosed the tax treatment of its 2024 dividends. For common stock, total distributions were $2.31480 per share, comprising 16.13% ($0.37338) as ordinary income and 83.87% ($1.94142) as non-taxable return of capital. This includes a distribution of Generation Income Properties common stock worth $1.1648 per share on January 31, 2024.

For Series A Preferred Stock, total dividends amounted to $1.84375 per share, classified entirely (100%) as ordinary income with no return of capital component.

Modiv Industrial (NYSE:MDV) has declared multiple dividends: a quarterly cash dividend of $0.4609375 per share on Series A Preferred Stock (annualized rate of $1.84375), and monthly distributions of $0.0975 per share on Common Stock for January, February, and March 2025. The common stock distribution represents a 1.7% increase to an annualized rate of $1.17, yielding 6.96% based on the $16.82 closing price. Additionally, the company increased the discount rate for its Distribution Reinvestment Plan from 3% to 5%, effective December 7, 2024.

Modiv Industrial (NYSE:MDV) reported its Q3 2024 results, achieving AFFO of $0.34 per share, exceeding both last year's figure and consensus by $0.01. The company secured two significant lease extensions: an eight-year extension with WSP in San Diego until 2034, and a five-year extension with Labcorp in San Carlos until 2030. The company raised $3.9 million through ATM offerings at an average price of $16.54. Additionally, Modiv is working on a potential UPREIT transaction in Jacksonville, FL, which could result in issuing approximately $6 million in OP units at $17.00 per share. The Board approved an increase in the annual dividend rate to $1.17, paid monthly.