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. (symbol: MDV) is a leading player in the direct-to-consumer commercial real estate product industry, offering individual investors opportunities to invest in real estate and related ventures. The company's core business revolves around single-tenant income-producing properties. Modiv Industrial focuses on owning, managing, operating, leasing, acquiring, investing in, and disposing of commercial real estate assets, particularly those used for industrial manufacturing.
The company’s portfolio comprises various properties, each chosen for their potential to generate steady income and foster long-term growth. All consolidated revenues for Modiv Industrial stem from these consolidated real estate properties. Their strategic approach ensures that investors can enjoy a stream of income alongside the appreciation of their investments over time.
In recent developments, Modiv Industrial has successfully navigated the dynamic commercial real estate market by diversifying their asset base and optimizing property management. This includes not just industrial manufacturing sites but also a few non-core assets, which provide additional financial stability and growth avenues.
Modiv Industrial continues to explore new opportunities and partnerships to enhance its portfolio and deliver value to its investors. The company's emphasis on single-tenant properties allows for focused management and predictable revenue streams, a cornerstone of their investment strategy.
With a firm commitment to transparency and investor satisfaction, Modiv Industrial regularly updates stakeholders on financial performance, acquisitions, and other significant activities, ensuring that investors have the information they need to make informed decisions.
Modiv Inc. (NYSE:MDV) has declared a regular quarterly cash dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock for Q1 2023, payable on April 17, 2023. This dividend reflects an annualized rate of $1.84375 per share. Additionally, the company authorized monthly cash distributions of $0.09583 per share on its Class C common stock for April, May, and June 2023, with payment dates on May 25, June 26, and July 25, respectively. Each monthly distribution equates to an annualized rate of $1.15 per share.
Modiv Inc. (NYSE:MDV) announced strong operating results for 2022, showing a 22% increase in revenue to $46.2 million and a 45% rise in annual AFFO to $16.6 million, or $1.63 per diluted share. The fourth quarter saw revenue of $14.4 million, a 63% year-over-year increase, with quarterly AFFO at $6.9 million, or $0.68 per diluted share. The company successfully navigated a challenging market, acquiring properties valued at over $162 million. Despite a net loss of $(7.0) million for the year, Modiv managed a dividend yield of 9.8%. Looking ahead, the company aims to acquire at least $100 million in industrial properties in 2023.
Modiv Inc. (NYSE: MDV) has announced the tax treatment of its 2022 dividends on the 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock and Common Stock. Shareholders in 2022 will receive IRS Form 1099-DIV from Computershare or relevant institutions. For the Series A Preferred Stock, 100% of dividends are classified as ordinary. For Common Stock, 33.9% are ordinary dividends, whereas 66.1% are classified as return of capital. Tax implications may vary, and Modiv advises consulting a tax advisor for individual circumstances. The company actively acquires industrial properties and emphasizes investor-focused monthly dividends.
Modiv Inc. (NYSE:MDV), a real estate investment trust (REIT), will report its fourth quarter and fiscal year 2022 financial results on February 23, 2023, before market opens. A conference call will take place at 8:00 a.m. PST the same day to discuss these results. Modiv focuses on acquiring and managing single-tenant net-lease properties, particularly industrial manufacturing sites with long-term leases. As of September 30, 2022, the company had an estimated $545 million real estate portfolio comprising 3.2 million square feet. For more information, visit www.modiv.com.
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