sorendls/E+ via Getty Images Introduction Modiv Industrial (NYSE:MDV) has outperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, delivering an almost 12% total return against the ~4% gain in the benchmark ETF: MDV vs VNQ in 2024 (Seeking Alpha) I think that this outperformance is likely to continue as the company has locked in attractive cap rates and rent escalators which are not fully reflected in its cash flow multiples. However, the valuation is by no means distressed, and I see the ...

Modiv Industrial, Inc. (NYSE:MDV) Q2 2024 Earnings Conference Call August 6, 2024 10:30 AM ET Company Participants John Raney - COO and General Counsel Aaron Halfacre - CEO Ray Pacini - CFO Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery Scott Sean Hostert - Net Lease Observer Operator Good day, and welcome to Modiv Industrial Inc. 2Q '24 Conference Call. All participants will be listen-only mode. [Operator Instructions] On today’s call, management will ...

Exhibit 99.2 NYSE: MDV QUARTERLY SUPPLEMENTAL DATA June 30, 2024 Financial Information and Portfolio Information Modiv Industrial, Inc. Supplemental Information - Second Quarter 2024 Table of Contents | --- | --- | |-----------------------------------------------------------------------------|-------| | | | | | | | About the Data | 3 | | | | | Company Overview | 4 | | | | | Financial Results | | | Earnings Release | 5 | | Consolidated Statements of Operations - Last Five Quarters | 9 | | Consolidated Statem ...

Modiv Industrial, Inc. (MDV) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 9.68%. A quarter ago, it was expected that this company would post FFO of $0.33 per share when it actually produced FFO of $0.29, delivering a surprise of -12.12%. Over the last four quarters, the c ...

Exhibit 99.2 NYSE: MDV QUARTERLY SUPPLEMENTAL DATA June 30, 2024 Financial Information and Portfolio Information Modiv Industrial, Inc. Supplemental Information - Second Quarter 2024 Table of Contents | --- | --- | |-----------------------------------------------------------------------------------------------|-------| | About the Data | 3 | | | | | Company Overview | 4 | | Financial Results | | | Earnings Release | 5 | | Consolidated Statements of Operations - Last Five Quarters | 11 | | Consolidated State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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: 001-40814 MODIV INDUSTRIAL, INC. (Exact name of registrant as specified in its charter) Mar ...

AvigatorPhotographer Modiv Industrial (NYSE:MDV) is a REIT that's spent the last couple of years repositioning itself as an owner of industrial properties. Yielding just over 7%, it's not a bad income source to many investors, but with its limited history, some may not be sure if it's dependable. While I think there's more work to be done before we could have a sharp image of this company's future, I also don't see any disaster on the horizon. I'll give a simple rundown and explain why I think the business ...

Modiv Industrial, Inc. (NYSE:MDV) Q1 2024 Earnings Conference Call May 2, 2024 10:30 AM ET Company Participants John Raney - Chief Operating Officer and General Counsel Aaron Halfacre - President and Chief Executive Officer Ray Pacini - Chief Financial Officer Conference Call Participants Robert Stevenson - Janney Montgomery Scott Bryan Maher - B. Riley Securities Gaurav Mehta - Alliance Global Partners Operator Ladies and gentlemen, good day and welcome to the Modiv Industrial Inc. First Quarter '24 Confer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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: 001-40814 MODIV INDUSTRIAL, INC. (Exact name of registrant as specified in its charter) Ma ...

Exhibit 99.2 March 31, 2024 Financial Information and Portfolio Information Modiv Industrial, Inc. Supplemental Information - First Quarter 2024 Table of Contents | About the Data | 3 | | --- | --- | | Company Overview | 4 | | Financial Results | | | Earnings Release | 5 | | Consolidated Statements of Operations - Last Five Quarters | 9 | | Property Portfolio - Statements of Operations - First Quarter of 2024 | 11 | | Consolidated Statements of Comprehensive (Loss) Income - Last Five Quarters | 13 | | Earni ...