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 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.
Modiv Inc. (NYSE:MDV), a real estate investment trust, announced CEO Aaron Halfacre and CFO Ray Pacini will present at the Sidoti December Virtual Investor Conference on December 7-8, 2022. The live presentation is set for 3:15 p.m. ET on December 7. Investors can access the presentation online and schedule one-on-one meetings with company representatives during the event. As of September 30, 2022, Modiv's portfolio is valued at $545 million, encompassing 3.2 million square feet of real estate, focusing on single-tenant net-leases.
Modiv Inc. (NYSE:MDV) reported consistent revenues of $10.2 million for Q3 2022, marking a 17% increase year-over-year after adjusting for a prior year's one-time fee. The Adjusted Funds From Operations (AFFO) were $3.1 million, or $0.31 per diluted share. The company executed a strategic portfolio repositioning, acquiring $28.7 million in industrial properties and selling $22.2 million in office properties, realizing a gain of $4.7 million. With a current dividend yield of 11%, Modiv has maintained a disciplined investment approach amidst market volatility.
Modiv Inc. (NYSE:MDV) has received a 'Buy' recommendation from Ladenburg Thalmann & Co., adding to the existing four 'Buy' ratings from independent analysts, indicating strong confidence in the stock. The consensus target price suggests over 90% upside potential from current levels. The CEO highlighted the company's shift towards industrial manufacturing properties while offloading non-core assets. Modiv offers a robust monthly dividend with a double-digit yield, appealing to investors seeking stable returns in a volatile market.
Modiv Inc. (NYSE:MDV) announced a regular quarterly cash dividend of $0.4609375 per share on its 7.375% Series A Preferred Stock for Q4 2022, payable on January 17, 2023. This reflects an annualized rate of $1.84375. Additionally, monthly cash distributions of $0.09583 per share on Class C Common Stock will be paid for January, February, and March 2023, with payments on February 24, March 24, and April 25, respectively, representing an annualized rate of $1.15.
Modiv Inc. (NYSE:MDV), a real estate investment trust, announced the successful expansion of its Credit Facility to $400 million as of
Modiv Inc (NYSE:MDV) will report its third quarter financial results on November 14, 2022, prior to the market opening. A conference call will be held on the same day at 8:00 a.m. PT to discuss these results. Modiv is an internally managed REIT with a $540 million real estate portfolio as of June 30, 2022, focusing on single-tenant net-lease properties crucial to tenants. The company's strategy emphasizes innovation and aims to deliver monthly dividends to investors.
Modiv Inc. (NYSE:MDV) announced that Janney Montgomery Scott LLC has initiated coverage of the Company with a ‘Buy’ recommendation and a price target of $20 per share. This brings the total number of independent analysts covering Modiv to four, with an average consensus price target of $20.25. CEO Aaron Halfacre expressed appreciation for the recognition and highlighted the Company’s focus on enhancing its real estate portfolio by transitioning to industrial manufacturing assets. Modiv has a diversified portfolio valued at approximately $540 million as of June 30, 2022.
Modiv Inc. announced recent developments, including the affirmation of its BBB investment grade rating by Egan-Jones and significant office property sales as part of its portfolio strategy. On
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