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MDV

Modiv Inc.

https://www.modiv.com

Industry

REIT - Diversified

Modiv Inc., (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases. The Company's goal is to generate current income for investors and long-term capital appreciation in the value of its properties.

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Modiv (NYSE:MDV) reported Q1 2024 FFO of $0.29 per share, missing the $0.31 estimate, and sales of $11.901M, below the $12.152M estimate. This represents a decrease in earnings and a miss in sales estimates compared to the same period last year, despite a 15.42% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:11 am

Alliance Global Partners has initiated coverage on Modiv Industrial (NYSE:MDV) with a Buy rating and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:33 am

Modiv reported a Q4 AFFO of $0.40 per share, down 41.18% from $0.68 YoY, with sales of $12.29M missing the $12.44M estimate, a 14.50% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:45 am

Earnings reports for March 4, 2024, include a mix of expected losses and gains across various sectors. Notable companies like Sea, Global Ship Lease, and Stitch Fix are among those reporting, with projections ranging from significant losses to substantial earnings per share. This diverse earnings landscape provides insights into different industry performances.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:53 am

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.

Portfolio Pulse from saritha@benzinga.com

November 13, 2023 | 12:02 pm

Numerous companies are scheduled to report their earnings on November 13, 2023, both before the bell and after. The list includes a wide range of industries and market caps, with some companies expected to report profits while others are anticipated to report losses. Key companies reporting include Tyson Foods, Henry Schein, and AECOM, with expected earnings per share of $0.29, $1.32, and $0.98 respectively. Other companies like IM Cannabis, Roivant Sciences, and Genius Sports are projected to report losses.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:40 am

Modiv Inc. has announced a change in its corporate name to Modiv Industrial, Inc., effective from August 11, 2023. The company's stock symbol, MDV, remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:41 pm

Modiv (NYSE:MDV) reported a decrease in its Q2 AFFO per share from $0.35 last year to $0.31 this year, marking an 11.43% decrease. However, the company's sales increased from $10.14 million to $11.84 million over the same period.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:39 pm

EF Hutton analyst Gaurav Mehta assumes Modiv (NYSE:MDV) with a Buy rating and announces a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 9:44 am

The best performing REITs in May 2023 were Modiv Inc. (MDV), Ashford Hospitality Trust Inc. (AHT), and Creative Media & Community Trust Corp. (CMCT). Modiv reported a 27.18% return, while Ashford Hospitality gained 19.71% and Creative Media & Community rose 13.64%.

Portfolio Pulse from Ethan Roberts

June 01, 2023 | 3:37 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.