Modiv Industrial Announces First Quarter 2024 Results [Yahoo! Finance]
Modiv Industrial, Inc. Class C (MDV)
Company Research
Source: Yahoo! Finance
Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the first quarter ended March 31, 2024. Highlights: First quarter rental income of $11.9 million increased $1.6 million, or 15.4% year-over-year. First quarter AFFO of $3.3 million increased $0.2 million, or 6.6% year-over year. Received $1.4 million non-refundable deposit, following the completion of due diligence, on the previously announced disposition of our Issaquah, Washington office property to KB Home (NYSE: KBH). Entered into a letter of intent (LOI) to acquire an industrial manufacturing property for $6,400,000 with a company that produces optical systems for the defense and aerospace industries. The property is located in the Tampa Florida MSA and the tenant is expected to enter into a 20-year lease, with 2.85% annual rent escalations, at an initial cap rate of 8.13% and a
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MDV
News
- Modiv Industrial Announces First Quarter 2024 ResultsBusiness Wire
- Modiv Industrial to Report First Quarter 2024 Financial Results on May 2 [Yahoo! Finance]Yahoo! Finance
- Modiv Industrial, Inc. (NYSE: MDV) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $18.00 price target on the stock.MarketBeat
- Modiv Industrial to Report First Quarter 2024 Financial Results on May 2Business Wire
- Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common ShareholdersBusiness Wire
MDV
Earnings
- 5/2/24 - Miss
MDV
Sec Filings
- 5/7/24 - Form 424B3
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- MDV's page on the SEC website