Welcome to our dedicated page for Modiv Industrial SEC filings (Ticker: MDV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Modiv Industrial, Inc. filings document a Maryland REIT with Class C common stock and 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock. Recent Form 8-K reports cover earnings releases, Regulation FD disclosures, supplemental portfolio data, operating and financial results, dividend declarations for common and preferred shareholders, and annual tax treatment of distributions.
The filing record also includes material-agreement disclosure for the Modiv Operating Partnership credit facility and related guarantor structure, along with capital-structure, shareholder voting, governance, and other material-event disclosures tied to the company’s industrial manufacturing real estate portfolio and REIT distribution framework.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported an exempt dividend reinvestment transaction on shares of Class C common stock. He reported 29.9615 shares involved at a reference price of $18.17 per share, with his direct holdings shown as 12,938.1256 shares following the transaction. The filing notes these shares were acquired through dividend reinvestment transactions that are exempt from Section 16 under Rule 16a-11 and are being reported voluntarily, indicating a routine, non-open-market adjustment to his ownership stake.
Global Net Lease, Inc. disclosed a communication regarding proposed transactions with Modiv that will be the subject of a Proxy Statement/Prospectus and related SEC filings. After the Registration Statement is declared effective, a definitive proxy statement and related materials will be mailed to Modiv stockholders for voting on the Transactions.
The notice directs readers to obtain copies of the Registration Statement, the Proxy Statement/Prospectus and related SEC filings from the SEC or from GNL and Modiv. It states that GNL, Modiv and their directors and executive officers may be participants in the solicitation and lists existing public filings where investor information and current holdings are available.
Modiv Industrial, Inc. reported a small net loss for the quarter ended March 31, 2026 and agreed to merge with Global Net Lease, Inc. In the quarter, total revenue was $11.7 million, and net loss attributable to common stockholders was $0.9 million, or $0.11 per diluted share, compared with a small loss per share a year earlier.
The company’s real estate portfolio totaled $449.4 million in net investments across 41 largely industrial properties, with occupancy of 99% and annual base rent of $40.1 million. Modiv carried a $250.0 million term loan and $24.0 million of mortgage debt and used interest rate swaps on $250.0 million of borrowings to target a 4.15% fixed rate in 2026. The board maintained monthly common distributions of $0.10 per share and continued repurchasing its 7.375% Series A preferred stock while also approving a merger under which common holders are expected to receive GNL shares and preferred holders $25.00 per share in cash plus accrued dividends at closing.
Modiv Industrial, Inc. agreed to merge with Global Net Lease, Inc. under an Agreement and Plan of Merger dated May 3, 2026. At closing each Modiv Class C common share will convert into 1.975 shares of GNL common stock and each 7.375% Series A preferred share will convert into $25.00 in cash plus accrued dividends. Concurrently, Modiv’s operating partnership units will convert into GNL operating partnership units on the same exchange ratio. The transactions are subject to stockholder approval, customary closing conditions, the effectiveness and listing of a Form S-4 registration statement and other regulatory and tax conditions, and include termination fee provisions of $10,000,000 and $15,000,000 in specified scenarios.
Modiv Industrial, Inc. agreed to be acquired by Global Net Lease, Inc. (GNL) in an all-stock merger. Modiv common stockholders will receive 1.975 shares of GNL common stock per Modiv share, while Modiv’s 7.375% Series A preferred stockholders will receive $25.00 in cash plus accrued and unpaid dividends per share.
The combined enterprise value is approximately $535 million. Based on GNL’s May 1, 2026 share price, the consideration equals about $18.82 per Modiv share, a 17% premium to Modiv’s prior close and a 28% premium to its unaffected price before a January 20, 2026 strategic update. Modiv holders are also expected to see a 25% increase in annual dividends after closing and will own roughly 11% of the combined company, with existing GNL stockholders owning about 89%.
The deal is expected to be immediately 4% accretive to GNL’s AFFO per share and leverage neutral, as GNL plans to repay all Modiv debt and preferred stock using its revolving credit facility and cash on hand. Closing is targeted for the third quarter of 2026, subject to Modiv stockholder approval, regulatory clearances, effectiveness of a Form S‑4 registration statement, NYSE listing approval for new GNL shares and customary conditions. If certain competing deal or stockholder-vote scenarios occur, Modiv may owe GNL a $10 million termination fee, and in specified breach or failure-to-close situations, the breaching party may owe the other $15 million.
Modiv Industrial, Inc. filed Amendment No. 1 to its annual report to add full Part III disclosures because it does not expect to file a proxy statement within 120 days of year-end. The amendment focuses on directors and governance, executive compensation, security ownership, related-party policies and auditor fees, and does not change prior financial statements.
The filing details the board’s composition and independence, its audit committee and code of ethics, and an insider trading policy with quarterly and event-based blackout periods. It also outlines large 2025 grants of Class X OP Units to senior executives, director retainers in cash and stock, and significant equity ownership by management and 5% holders.
Grant Thornton LLP’s role and audit fees for 2025 and 2024 are disclosed, and updated officer certifications under Section 302 of the Sarbanes-Oxley Act are included, while Section 906 certifications remain only in the original filing.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras reported two small, code J “other” transactions involving personal holdings. One entry covers 34.5583 shares of Common Stock, Class C at $15.65 per share, leaving 12,908.1641 common shares held directly. The second covers 43.05 shares of Series A Cumulative Redeemable Perpetual Preferred Stock at $24.97 per share, leaving 2,292.3994 preferred shares held directly. Both are characterized as restructuring-type adjustments rather than clear open-market buys or sells.
SMITH KIMBERLY J reported acquisition or exercise transactions in this Form 4 filing.
MODIV INDUSTRIAL, INC. director Kimberly J. Smith received a grant of 1,047.486 shares of Class C common stock at $14.32 per share. This compensation-related award increased her directly held stake to 18,367.8963 shares, representing a routine, non-derivative equity grant rather than an open-market purchase or sale.
MODIV INDUSTRIAL, INC. director Thomas H. Nolan Jr. received a grant of 1,047.4860 shares of COMMON STOCK, CLASS C on this Form 4 event. The award was recorded at $14.3200 per share as a grant, award, or other acquisition, increasing his direct holdings to 30,116.5774 shares.
MODIV INDUSTRIAL, INC. director Christopher Raymond Gingras received a grant of 1,047.4860 shares of Common Stock, Class C on March 31, 2026. This compensation-related award increased his direct holdings to 12,873.6058 shares, and was reported as a non-derivative acquisition rather than an open-market purchase.