Modiv Q3 FFO $0.35 Up From $0.31 YoY, Sales $12.50M Beat $12.04M Estimate
Portfolio Pulse from saritha@benzinga.com
Modiv Inc. (MDV) reported a 12.9% increase in Q3 FFO to $0.35 per share, up from $0.31 YoY. Sales for the quarter were $12.50M, surpassing the $12.04M estimate and marking a 22.41% increase from $10.21M in the same period last year.
November 13, 2023 | 12:02 pm
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POSITIVE IMPACT
Modiv Inc. reported higher than expected Q3 FFO and sales, indicating strong financial performance and potential investor confidence.
The positive earnings report with a significant year-over-year growth in FFO per share and a sales beat is likely to instill investor confidence and could lead to a short-term uptick in MDV's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100