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Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common Shareholders

Retrieved on:

Monday, March 18, 2024

Commercial Building & Real Estate, Construction & Property, Other Retail, Finance, Professional Services, REIT, Retail, Residential Building & Real Estate, MDV, Industrial

On March 1, 2024, the Board of Directors authorized a quarterly dividend payable to Series A Preferred Stock holders of record as of March 29, 2024, which will be paid on April 15, 2024.

Key Points:

On March 1, 2024, the Board of Directors authorized a quarterly dividend payable to Series A Preferred Stock holders of record as of March 29, 2024, which will be paid on April 15, 2024.
The quarterly dividend amount of $0.4609375 per share represents an annualized dividend rate of $1.84375 per share of Series A Preferred Stock.
Additionally, the Board of Directors authorized monthly distributions payable to Common Stockholders of record as of April 30, 2024, May 31, 2024 and June 28, 2024, which will be paid on or about May 28, 2024, June 25, 2024 and July 25, 2024, respectively.
The current monthly distribution amount of $0.09583 per share represents an annualized distribution rate of $1.15 per share of common stock and a dividend yield of 7.20% based on Modiv Industrial’s closing price of $15.97 on March 15, 2024.

Modiv Industrial Announces Fourth Quarter and Full Year 2023 Results

Retrieved on:

Monday, March 4, 2024

Modiv Industrial, Inc. (“Modiv 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.

Key Points:

Modiv Industrial, Inc. (“Modiv 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.
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.
January 31, 2024, completed the stock distribution of Generation Income Properties, Inc. (NASDAQ: GIPR), common stock to the stockholders of Modiv Industrial.

Modiv Industrial to Report Fourth Quarter 2023 Results on March 4th

Retrieved on:

Tuesday, February 20, 2024

Engineering, Manufacturing, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, REIT, MDV, Industrial, Conference

Modiv Industrial, Inc. (“Modiv Industrial,” “Modiv” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the following:

Key Points:

Modiv Industrial, Inc. (“Modiv Industrial,” “Modiv” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the following:
Fourth Quarter 2023 Financial Results – will be released before the market opens on Monday, March 4, 2024.
Management will host a conference call the same day at 8:30 a.m. Eastern Time to discuss the results.
Institutional Conference Schedule – Modiv will be participating in the following institutional REIT conferences in the first half of 2024.
Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of any Modiv Industrial dividends received.

Modiv Industrial Declares Distribution of GIPR Common Shares

Retrieved on:

Friday, December 29, 2023

REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Family, Sale, GIPR, Class, Friends, Form, Industrial, Partnership, Letter, MDV, Security (finance)

Modiv Industrial, Inc. (“Modiv Industrial,” “Modiv” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the declaration of a stock distribution of Generation Income Properties, Inc. (NASDAQ: GIPR), common stock to the stockholders of Modiv Industrial.

Key Points:

Modiv Industrial, Inc. (“Modiv Industrial,” “Modiv” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the declaration of a stock distribution of Generation Income Properties, Inc. (NASDAQ: GIPR), common stock to the stockholders of Modiv Industrial.
Under the contractual agreement with GIPR, Modiv Industrial and Modiv Operating Partnership, LP (“Modiv OP”), will receive 2,794,597 shares of GIPR common stock in exchange for retiring the outstanding 2,400,000 shares of GIPR Series A Preferred Stock.
Modiv Industrial’s common stockholders and holders of Modiv OP’s Class C Units will receive 0.28 shares of GIPR common stock for each share of Modiv Industrial common stock or Modiv OP Class C Unit they own as of the record date and this stock distribution will be payable on or about January 31, 2024.
No fractional shares of GIPR common stock will be distributed on Modiv Industrial common stock or Modiv OP Class C Units and, instead, as to any fractional shares, the Company will round down to the nearest whole share of GIPR common stock.

Over 600 Startups to Ignite Collaboration at the India-ASEAN Startup Summit 2023

Retrieved on:

Friday, November 17, 2023

Summit to foster stronger India-Malaysia ties and set the stage for startup synergies

Key Points:

A pioneering initiative by DEWI Wealth Accelerator, IASS 2023 is an opportunity for startups to showcase their groundbreaking ideas and solutions.
"At IASS 2023, we are excited to create a platform where Malaysian startups can gain insights from India's thriving digital technology ecosystem.
This summit will open doors for Malaysian startups to benefit from the Indian market, fostering a reciprocal exchange of ideas and strategies.
A special focus of the summit is to empower women-led startups, addressing unique challenges and opportunities in this sector.

Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common Shareholders

Retrieved on:

Thursday, December 14, 2023

Commercial Building & Real Estate, Construction & Property, REIT, NYSE, MDV, Industrial

On November 6, 2023, the Board of Directors authorized a quarterly dividend payable to Series A Preferred Stock holders of record as of December 29, 2023, which will be paid on January 16, 2024.

Key Points:

On November 6, 2023, the Board of Directors authorized a quarterly dividend payable to Series A Preferred Stock holders of record as of December 29, 2023, which will be paid on January 16, 2024.
The quarterly dividend amount of $0.4609375 per share represents an annualized dividend rate of $1.84375 per share of Series A Preferred Stock.
Additionally, the Board of Directors authorized monthly distributions payable to Common Stockholders of record as of January 31, 2024, February 29, 2024 and March 29, 2024, which will be paid on or about February 26, 2024, March 25, 2024 and April 25, 2024, respectively.
The current monthly distribution amount of $0.09583 per share represents an annualized distribution rate of $1.15 per share of common stock and a dividend yield of 7.7% based on Modiv Industrial’s closing price on December 13, 2023.

Modiv Industrial Announces Third Quarter 2023 Results

Retrieved on:

Monday, November 13, 2023

Modiv Industrial, Inc. (“Modiv 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 third quarter ended September 30, 2023.

Key Points:

Modiv Industrial, Inc. (“Modiv 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 third quarter ended September 30, 2023.
$10 million reduction in leverage and a 14% reduction in net debt to adjusted EBITDA from prior quarter results released in August 2023.
Investor Outreach – On August 14, 2023, when we announced our second quarter results and our name change to Modiv Industrial, we also informed the public that we would, for the first time, begin to actively seek to increase investor awareness.
A conference call and audio webcast with analysts and investors will be held on Monday, November 13, 2023, at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time, to discuss the third quarter 2023 operating results and answer questions.

Modiv Industrial to Report Third Quarter 2023 Financial Results on November 13

Retrieved on:

Tuesday, November 7, 2023

Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, REIT, Conference, NYSE, Webcast, Industrial, MDV

Modiv Industrial, Inc. (“Modiv Industrial” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced that it will report third quarter 2023 financial results for the quarter ended September 30, 2023 before the market opens on Monday, November 13, 2023.

Key Points:

Modiv Industrial, Inc. (“Modiv Industrial” or the “Company”) (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced that it will report third quarter 2023 financial results for the quarter ended September 30, 2023 before the market opens on Monday, November 13, 2023.
Management will host a conference call the same day at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to discuss the results.
Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1643126&tp_key=7c99a456f0 or visit the investor relations page of Modiv Industrial’s website at www.modiv.com .
In addition, the Company announced that CEO Aaron Halfacre and CFO Ray Pacini will participate in one-on-one meetings at Nareit’s REITWorld 2023 Investor Conference in Los Angeles, CA, November 14-16, 2023.

Modiv Industrial Declares Monthly Cash Distributions for Common Shareholders and Anticipates Distributing GIPR Common Shares

Retrieved on:

Tuesday, October 17, 2023

Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Manufacturing, NYSE, MDV, Monthly, Industrial, REIT, Hoarding, Dividend, GIPR, Sale, Security (finance)

Additionally, Modiv Industrial anticipates that it may receive shares of Generation Income Properties, Inc. (NASDAQ: GIPR), common stock in redemption of the GIPR Series A Preferred Stock that the Company received as partial consideration for its recent sale of 13 properties to GIPR.

Key Points:

Additionally, Modiv Industrial anticipates that it may receive shares of Generation Income Properties, Inc. (NASDAQ: GIPR), common stock in redemption of the GIPR Series A Preferred Stock that the Company received as partial consideration for its recent sale of 13 properties to GIPR.
Per the contractual agreement with GIPR, Modiv Industrial could receive between 2.2 million to 3.0 million shares of GIPR common stock in exchange for retiring the outstanding GIPR Series A Preferred Stock.
In the event Modiv Industrial receives GIPR common shares, then, subject to obtaining lender approval and net of any private-party sales, the Company intends to make an in-kind distribution of GIPR common shares to the shareholders of Modiv Industrial.
"Since our inception, Modiv Industrial has made 87 consecutive monthly distributions totaling more than $60 million dollars.

Modiv Industrial Celebrates National Manufacturing Day

Retrieved on:

Friday, October 6, 2023

Modiv Industrial, Inc. (“Modiv Industrial” or “Modiv”) (NYSE:MDV), as the only public REIT exclusively focused on acquiring industrial manufacturing real estate, wishes to publicly celebrate National Manufacturing Day ( www.mfgday.com ) in recognition of the strength of the U.S. manufacturing industry and the thousands of hard working Americans that make products that are vital to all of us.

Key Points:

Modiv Industrial, Inc. (“Modiv Industrial” or “Modiv”) (NYSE:MDV), as the only public REIT exclusively focused on acquiring industrial manufacturing real estate, wishes to publicly celebrate National Manufacturing Day ( www.mfgday.com ) in recognition of the strength of the U.S. manufacturing industry and the thousands of hard working Americans that make products that are vital to all of us.
With the recent increase in both domestic infrastructure bills and foreign direct investment, the continued renewal of U.S. manufacturing is poised to extend throughout the next decade.
“Despite the current risk-off market environment, we see a meaningful longer-term economic J-curve surrounding and supporting the thesis for manufacturing.
Given our focus on acquiring manufacturing facilities that make infrastructure-focused components critical to our nation rather than the whims of consumer discretionary demand, Modiv Industrial is uniquely positioned in terms of both growth and value to benefit from the continued resurgence of U.S. manufacturing,” stated Aaron Halfacre, Modiv’s CEO.