MODIV INC.


Associated tags: Inc., REIT, Construction & Property, MDV, NYSE, Commercial Building & Real Estate, Trust, Residential Building & Real Estate, Property management, Webcast, Professional Services, Finance

Locations: NEVADA, UNITED STATES, NORTH AMERICA

Loci Capital Leads Preferred Equity Investments in 21 Asset Portfolio

Retrieved on: 
Monday, August 14, 2023

Funds controlled by Loci Fund II GP, LLC, an affiliate of Loci Capital Group, LLC (“Loci”), a leading private real estate fund manager, completed a preferred equity investment for the acquisition & recapitalization of a 21-asset retail and commercial net lease portfolio.

Key Points: 
  • Funds controlled by Loci Fund II GP, LLC, an affiliate of Loci Capital Group, LLC (“Loci”), a leading private real estate fund manager, completed a preferred equity investment for the acquisition & recapitalization of a 21-asset retail and commercial net lease portfolio.
  • “We’ve been extremely impressed with Generation Income Properties throughout the investment process,” said Garrett Francis, Managing Principal and Head of Capital Markets at Loci Capital.
  • Loci pursues a diversified strategy consistent with the track record of its senior leadership team focused on making investments in the Southeastern U.S.
  • The firm invests across asset classes and throughout the capital stack, targeting opportunistic returns consistent with those demonstrated by the firm’s 13-year attributable track record.

Modiv to Report Second Quarter 2023 Financial Results on August 14

Retrieved on: 
Tuesday, August 8, 2023

Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that actively acquires, owns and manages a portfolio of single-tenant net-lease industrial manufacturing real estate properties, today announced that it will report second quarter 2023 financial results for the quarter ended June 30, 2023 before the market opens on Monday, August 14, 2023.

Key Points: 
  • Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that actively acquires, owns and manages a portfolio of single-tenant net-lease industrial manufacturing real estate properties, today announced that it will report second quarter 2023 financial results for the quarter ended June 30, 2023 before the market opens on Monday, August 14, 2023.
  • Management will host a conference call the same day at 9:00 a.m. Pacific Time (12:00 p.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=1625261&tp_key=836736531a or visit the investor relations page of Modiv’s website at www.modiv.com .

Modiv Declares Quarterly Dividends for Preferred Shareholders, Monthly Distributions for Common Shareholders

Retrieved on: 
Tuesday, June 20, 2023

The Board of Directors authorized a quarterly dividend payable to Series A Preferred Stock holders of record as of June 30, 2023, which will be paid on July 17, 2023.

Key Points: 
  • The Board of Directors authorized a quarterly dividend payable to Series A Preferred Stock holders of record as of June 30, 2023, which will be paid on July 17, 2023.
  • 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 July 31, 2023, August 31, 2023 and September 29, 2023, which will be paid on or about August 25, 2023, September 25, 2023 and October 25, 2023, respectively.
  • The current monthly distribution amount of $0.09583 per share represents an annualized distribution rate of $1.15 per share of common stock.

Modiv Announces First Quarter 2023 Results

Retrieved on: 
Monday, May 15, 2023

Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that actively acquires, owns, and manages a portfolio of single-tenant net-lease industrial manufacturing real estate properties, today announced operating results for the first quarter ended March 31, 2023.

Key Points: 
  • Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that actively acquires, owns, and manages a portfolio of single-tenant net-lease industrial manufacturing real estate properties, today announced operating results for the first quarter ended March 31, 2023.
  • The following is a summary of the 10 industrial manufacturing properties acquired for a total of $100,642,000 year-to-date through May 12, 2023.
  • On March 31, 2023, we acquired an industrial manufacturing property located in Savage, Minnesota leased to Stealth Manufacturing (“Stealth”) for $5,526,310.
  • A conference call and audio webcast with analysts and investors will be held on Monday, May 15, 2023, at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time, to discuss the first quarter 2023 operating results and answer questions.

Modiv to Report First Quarter 2023 Financial Results on May 15

Retrieved on: 
Thursday, May 11, 2023

Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns and manages a portfolio of single-tenant net-lease real estate properties, today announced that it will report first quarter 2023 financial results before the market opens on Monday, May 15, 2023.

Key Points: 
  • Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns and manages a portfolio of single-tenant net-lease real estate properties, today announced that it will report first quarter 2023 financial results before the market opens on Monday, May 15, 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://event.choruscall.com/mediaframe/webcast.html?webcastid=nztAFnkd or visit the investor relations page of Modiv’s website at www.modiv.com .

Modiv Declares Quarterly Dividends for Preferred Shareholders, Monthly Distributions for Common Shareholders

Retrieved on: 
Tuesday, March 14, 2023

The Board of Directors authorized quarterly dividends payable to Series A Preferred Stock holders of record as of March 31, 2023, which will be paid on April 17, 2023.

Key Points: 
  • The Board of Directors authorized quarterly dividends payable to Series A Preferred Stock holders of record as of March 31, 2023, which will be paid on April 17, 2023.
  • 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 28, 2023, May 31, 2023 and June 30, 2023, which will be paid on or about May 25, 2023, June 26, 2023 and July 25, 2023, respectively.
  • The current monthly distribution amount of $0.09583 per share represents an annualized distribution rate of $1.15 per share of common stock.

Modiv Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Thursday, February 23, 2023

Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns, and manages a portfolio of single-tenant net-lease real estate properties, today announced operating results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns, and manages a portfolio of single-tenant net-lease real estate properties, today announced operating results for the fourth quarter and full year ended December 31, 2022.
  • The property was most recently occupied by Sutter Health which agreed to an early termination fee and paid Modiv $3.8 million in December 2022.
  • Excluding the $3.8 million early termination fee revenue, fourth quarter revenue increased $1.8 million, or 20% year-over-year.
  • Given this is a catalyst year for Modiv, the Company is not providing specific 2023 AFFO guidance at this time.

Modiv Inc. Announces Income Tax Treatment for 2022 Dividends and Distributions

Retrieved on: 
Monday, February 6, 2023

Modiv Inc. (“Modiv,” “we,” “our,” or the “Company;” NYSE: MDV and MDV.PA), today announced the estimated Federal income tax treatment of the Company’s 2022 dividends on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (CUSIP # 60784B200) (“Series A Preferred Stock”) and distributions on its Class C Common Stock (CUSIP# 60784B101) (“Common Stock”).

Key Points: 
  • Modiv Inc. (“Modiv,” “we,” “our,” or the “Company;” NYSE: MDV and MDV.PA), today announced the estimated Federal income tax treatment of the Company’s 2022 dividends on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (CUSIP # 60784B200) (“Series A Preferred Stock”) and distributions on its Class C Common Stock (CUSIP# 60784B101) (“Common Stock”).
  • Persons who held shares of Common Stock of Modiv in their name at any time during 2022 will receive an IRS Form 1099-DIV from Computershare, Modiv’s transfer agent.
  • Persons who held shares in "street name" during 2022 should note that the Form 1099-DIV will be provided by a bank, brokerage firm or nominee.
  • The Federal income tax classification of the dividends and distributions on the Company’s Series A Preferred Stock and Common Stock with respect to the calendar year ended December 31, 2022 is shown in the table below:

Modiv to Report Fourth Quarter and Fiscal Year 2022 Financial Results on February 23

Retrieved on: 
Monday, January 23, 2023

Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns and manages a portfolio of single-tenant net-lease real estate properties, today announced that it will report fourth quarter and fiscal year 2022 financial results before the market opens on Thursday, February 23, 2023.

Key Points: 
  • Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns and manages a portfolio of single-tenant net-lease real estate properties, today announced that it will report fourth quarter and fiscal year 2022 financial results before the market opens on Thursday, February 23, 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://event.choruscall.com/mediaframe/webcast.html?webcastid=mAokDz4P or visit the investor relations page of Modiv’s website at www.modiv.com .

Modiv to Present at Sidoti Virtual Investor Conference December 7-8

Retrieved on: 
Friday, December 2, 2022

ET on Wednesday, December 7, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_Ya7Vq9TgTweXw7hxqGvjgw .

Key Points: 
  • ET on Wednesday, December 7, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_Ya7Vq9TgTweXw7hxqGvjgw .
  • Modiv will also host virtual one-on-ones with investors on Wednesday and Thursday, December 7 and 8, 2022.
  • Modiv Inc. is an internally managed REIT that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate.
  • Driven by innovation and an investor-first focus, the Modiv name reflects its commitment to providing investors with Monthly Dividends.