Modiv Industrial Announces Fourth Quarter and Full Year 2023 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 fourth quarter and full year ended December 31, 2023. Highlights: Annual revenue of $46.9 million increased 7.1% year-over-year compared with 2022 revenue of $43.8 million. 2022 revenue included a $3.8 million non-recurring early lease termination fee and excluding that fee, 2023 revenue increased $6.9 million, or 17.3%. Full year 2023 AFFO of $14.7 million, or $1.33 per diluted share, exceeding street expectations by $0.04 per share. Fourth quarter revenue of $12.3 million increased $2.3 million year-over-year, or 23%, excluding the 2022 lease termination fee. Fourth quarter AFFO of $4.5 million, or $0.40 per diluted share, exceeding street expectations by $0.05 per share. Sold and issued 162,063 shares of MDV common stock between November 15, 2023 and January 29, 2024 at an av
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MDV
News
- 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
- Modiv Industrial Inc (MDV) Reports Mixed Results Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
MDV
Earnings
- 3/4/24 - Beat
MDV
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- MDV's page on the SEC website