Modiv Industrial (NYSE:MDV) Q4 2025 Earnings call March 25, 2026 04:30 PM ET Company ParticipantsAaron Halfacre - CEOJay Kornreich - VP of REIT Equity ResearchRay Pacini - CFOSarah Grisham - Chief Accounting OfficerConference Call ParticipantsGaurav Mehta - Managing Director and Senior Equity Research AnalystJohn Massocca - Senior Equity Research AnalystOperatorPlease note this event is being recorded. I would now like to turn the conference over to Sarah Grisham, Chief Accounting Officer. Please go ahead.S ...

Modiv Industrial (NYSE:MDV) Q4 2025 Earnings call March 25, 2026 04:30 PM ET Company ParticipantsAaron Halfacre - CEOJay Kornreich - VP of REIT Equity ResearchRay Pacini - CFOSarah Grisham - Chief Accounting OfficerConference Call ParticipantsGaurav Mehta - Managing Director and Senior Equity Research AnalystJohn Massocca - Senior Equity Research AnalystOperatorPlease note this event is being recorded. I would now like to turn the conference over to Sarah Grisham, Chief Accounting Officer. Please go ahead.S ...

Modiv Industrial (NYSE:MDV) Q4 2025 Earnings call March 25, 2026 04:30 PM ET Speaker3Please note this event is being recorded. I would now like to turn the conference over to Sarah Grisham, Chief Accounting Officer. Please go ahead.Speaker5Thank you, operator, and thank you everyone for joining us for Modiv Industrial's fourth quarter and full year 2025 earnings call. We issued our earnings release after market close today, and it's available on our website at modiv.com. I'm here today with Aaron Halfacre, ...

Exhibit 99.2 NYSE: MDV QUARTERLY SUPPLEMENTAL DATA December 31, 2025 Financial Information and Portfolio Information Modiv Industrial, Inc. Supplemental Information - Fourth Quarter 2025 Table of Contents | About the Data | 3 | | --- | --- | | Company Overview | 4 | | Financial Results | | | Earnings Release | 5 | | Consolidated Statements of Operations - Last Five Quarters | 8 | | Consolidated Statements of Comprehensive Income (Loss) - Last Five Quarters | 10 | | Earnings (Loss) Per Share - Last Five Quar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-K ________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-4 ...

Core Viewpoint - Modiv Industrial, Inc. will report its financial results for the fourth quarter and full year of 2025 on March 25, 2026, and has declared dividends for preferred and common shareholders [1][3]. Financial Results Announcement - The financial results for the quarter and full year ended December 31, 2025, will be reported after market close on March 25, 2026 [1]. - A conference call will be held on the same day at 4:30 p.m. Eastern Time to discuss the results [2]. Dividend Declarations - A quarterly cash dividend of $0.4609375 per share has been declared for the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock for the first quarter of 2026 [3][4]. - Monthly cash distributions of $0.10 per share have been declared for the Company's Class C common stock for April, May, and June 2026, representing an annual distribution rate of $1.20 [3][5]. - The quarterly dividend for Series A Preferred Stock will be payable to shareholders of record as of March 31, 2026, on April 15, 2026 [4]. - The monthly distributions for Common Stockholders will be payable to shareholders of record as of April 30, May 29, and June 30, 2026, with payments scheduled for May 15, June 15, and July 15, 2026, respectively [5]. Company Overview - Modiv Industrial, Inc. is a public REIT focused exclusively on acquiring industrial manufacturing real estate properties [1][6]. - The company actively acquires critical industrial manufacturing properties with long-term leases to tenants that support the national economy and supply chains [6].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - The REITs industry has undergone significant changes over the past five years, with a shift from an era of easy capital to a more discerning investment environment in the post-pandemic era [1] Industry Changes - The transition in the REITs sector indicates that investors are now more selective, reflecting a broader trend in investment behavior following the pandemic [1]

Core Viewpoint - Modiv Industrial, Inc. is the only public REIT focused exclusively on acquiring industrial manufacturing real estate properties and has announced the tax treatment for its 2025 common stock and preferred stock dividends [1] Summary by Category Common Stock Distributions - The company provided details regarding the tax treatment of its common stock distributions, including the FORM 1099-DIV information [1] - Specifics include various boxes for reporting dividends, such as Box 1a for ordinary taxable dividends and Box 2a for qualified dividends [1] - The announcement includes key dates such as the record date and payment date for the distributions per share [1]

Core Viewpoint - Modiv Industrial, Inc. is focused on increasing shareholder value through higher dividends and share prices, with a commitment to improving Adjusted Funds from Operations (AFFO) as a key metric for financial health [2][3][8] Financial Performance - The company has achieved over $2 million in additional AFFO through contractual rent increases, expense reductions, and asset recycling, leading to a $0.03 increase in the annual dividend to $1.20 per share [3][22] - The current monthly distribution of $0.10 per share reflects an annualized yield of 8.15% based on a closing price of $14.72 [22] Portfolio Transformation - Modiv's portfolio transformation began over five years ago, reducing non-industrial exposure from approximately 50% office and 40% industrial to a more focused industrial portfolio [5] - Recent sales include an office asset in Issaquah, WA, and a vacant asset in St. Paul, MN, for $4.1 million, with plans to sell additional office and legacy industrial assets [5][6] - The company aims to recycle a minimum of twelve assets within 18 to 24 months to maximize AFFO and improve its balance sheet [6][10] Strategic Focus - The company will maintain a disciplined approach to expense control and contractual rent increases while accelerating asset recycling to enhance shareholder value [4][10] - Modiv has opted not to raise capital at current low share prices to avoid dilutive equity, focusing instead on internal growth and maximizing existing resources [9][11] Leadership Changes - The Chief Financial Officer, Ray Pacini, will resign after the filing of the 2025 10-K, transitioning to an Executive Vice President role, with John Raney appointed as the new CFO [19][20] Future Outlook - The company has secured an extension on its term loan maturity to July 2028, providing time to complete its transformation and refinance debt [15] - Plans to retire preferred equity using asset recycling proceeds are expected to further enhance AFFO per share and strengthen the balance sheet [16][17]