{"filings":[{"id":2216757,"accession_number":"0001104659-26-094865","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-08-12T20:05:56+00:00","items":["1.02","2.01","3.01","3.03","5.01","5.02","5.03","9.01"],"status":"ready","headline":"Modiv Industrial completes merger with Global Net Lease; shares converted at 1.975 GNL per share","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Modiv common stock converted at 1.975 GNL shares per share; preferred stock converted to $25 cash plus accrued dividends.","Modiv common and preferred stock suspended from NYSE on Aug 12, 2026; Form 25 and Form 15 filings planned for deregistration.","Modiv ceased separate existence; REIT Merger Sub (GNL subsidiary) is surviving entity; change of control to GNL.","All Modiv directors resigned; officers Halfacre, Raney, Pacini left; REIT Merger Sub officers assumed roles.","Modiv OP credit facility with KeyBank repaid in full and terminated as of closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2170998,"accession_number":"0001645873-26-000075","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-08-10T22:54:11+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Modiv stockholders approve merger with Global Net Lease; close expected Aug 12, 2026","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger proposal passed with 6,363,283 for, 295,685 against, 103,767 abstain.","Approximately 94% of votes cast in favor, representing >61% of outstanding shares.","Transaction expected to close on or about Aug 12, 2026, subject to customary conditions.","CEO Aaron Halfacre cites 25% dividend increase for investors upon closing.","Compensation and adjournment proposals also approved; adjournment not needed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":981488,"accession_number":"0001645873-26-000066","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-06-10T22:42:35+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q2 preferred dividend $0.4609375/sh and monthly common distributions $0.10/sh","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend on Series A Preferred Stock: $0.4609375 per share, payable July 15, 2026 to holders of record June 30, 2026.","Monthly common stock distributions of $0.10 per share (annualized $1.20) for July and August 2026, payable on or about August 10, 2026.","Record dates for common distributions: July 31, 2026 (July) and August 3, 2026 (August).","Preferred dividend annualized rate: $1.84375 per share; common annualized: $1.20 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94359,"accession_number":"0001140361-26-018656","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"GNL acquires Modiv Industrial for $535M enterprise value in all-stock deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Modiv common stockholders receive 1.975 GNL shares/share, valued at ~$18.82 (17% premium to May 1 close).","Transaction valued at ~$535M enterprise value; GNL expected to own 89% of combined company.","Immediate 4% AFFO per share accretion; leverage-neutral; no external capital required.","GNL to fully repay Modiv's debt and preferred stock using its revolving credit facility and cash.","Modiv stockholders expected to receive a 25% increase in annual dividends post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106649,"accession_number":"0001645873-26-000042","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-03-25T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial reports FY 2025 net loss of $2.1M, AFFO up 15% to $17.2M; asset recycling progress","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 net income to common stockholders $0.4M; full year net loss $2.1M ($0.31/diluted share).","Full year AFFO $17.2M ($1.38/diluted share), up 15% YoY; Q4 AFFO $4.0M.","Completed $26M sale of Issaquah, WA property; under contract to sell St. Paul, MN and Melbourne, FL (Northrop Grumman) properties.","Received unsolicited offers, one potentially compelling but stepped back; NAV per share $22.19 based on 1/31/26 appraisal.","CEO cites tough REIT market but highlights ~14 years lease duration and 28% investment grade exposure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106648,"accession_number":"0001645873-26-000030","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-03-19T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q1 2026 dividends and announces earnings date","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly preferred dividend of $0.4609375/share ($1.84375 annualized) payable April 15, 2026 to holders of record March 31, 2026.","Monthly common distributions of $0.10/share ($1.20 annualized) for April, May, June 2026; payable mid-month following each record date.","Based on common closing price of $14.28 on March 18, 2026, annualized yield is 8.4%.","Q4 and full year 2025 results to be reported after market close on March 25, 2026; conference call at 4:30 p.m. ET."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106647,"accession_number":"0001645873-26-000018","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-01-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Modiv Industrial: 2025 common dividends entirely return of capital; preferred fully ordinary","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Common stock dividends of $1.16833/share for 2025 classified as non-dividend distributions (return of capital).","Preferred stock dividends of $1.84375/share classified as ordinary taxable dividends; no capital gain or qualified dividends.","Monthly common dividend payments (Jan–Dec 2025) ranged from $0.09583 to $0.09750 per share.","Quarterly preferred dividend payments were $0.4609375 per share on each of four payment dates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106646,"accession_number":"0001140361-26-001557","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["1.01","5.02","7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial raises dividend to $1.20/yr; CEO outlines 24-month plan to close value gap","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Monthly dividend increased to $0.10/share ($1.20/yr annualized), up $0.03 from prior rate.","Credit facility maturity extended to July 2028; preferred repurchase cap raised to $49.6M.","Closed sale of Issaquah, WA office to KB Homes; under contract to sell St Paul, MN asset for $4.1M.","Acquired 27.2% TIC interest in Santa Clara, CA property (FujiFilm tenant) for full ownership.","CEO states if value gap not closed in 24 months, will recommend sale of company; CFO transition planned."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122983,"accession_number":"0001645873-25-000205","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Series A preferred dividend of $0.4609375/share for Q4 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly dividend of $0.4609375 per share on 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock.","Record date Dec 31, 2025; payable Jan 15, 2026.","Annualized dividend rate of $1.84375 per share on Series A Preferred Stock.","Dividend authorized by Board on Nov 12, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122982,"accession_number":"0001645873-25-000197","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-11-14T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q3 AFFO $0.36 beats consensus $0.34, up 22% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $11.7M, net income to common $0.3M; AFFO $4.5M ($0.36/share) vs $3.7M year ago.","AFFO per share exceeded all five analyst estimates; consensus was $0.34.","Portfolio: 43 properties, 14.2-yr WALT, 28% investment-grade tenants, $38.9M annualized base rent.","Balance sheet: $8.3M cash, $30M revolver available; 100% fixed debt at 4.27%, no maturities until Jan 2027.","No acquisitions or sales in quarter; CEO cites patience and discipline for value creation."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":35313000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122981,"accession_number":"0001645873-25-000183","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-10-17T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial maintains $0.0975 monthly dividend; Q3 earnings set for Nov 14, 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Declared monthly cash distribution of $0.0975 per share for Oct, Nov, Dec 2025, annual rate $1.17.","Dividend unchanged since Jan 31, 2025; yield 8.1% based on $14.38 closing price on Oct 16, 2025.","Q3 2025 financial results to be reported after market close on Nov 14, 2025.","Conference call at 4:30 p.m. ET on Nov 14; dial-in 1-800-717-1738 or 1-646-307-1865."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139684,"accession_number":"0001645873-25-000156","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-09-12T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q3 2025 preferred dividend of $0.4609375/share; payable Oct 15","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend of $0.4609375 per share on 7.375% Series A Preferred Stock.","Record date is September 30, 2025; payment date is October 15, 2025.","Annualized dividend rate remains $1.84375 per share of Series A Preferred Stock.","Dividend authorized by Board on August 5, 2025; no change in rate from prior quarters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139683,"accession_number":"0001645873-25-000144","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q2 2025 AFFO $0.38 beats consensus; revenue $11.8M, net loss $2.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 2025 revenue of $11.8M and net loss attributable to common stockholders of $(2.8)M.","AFFO of $4.8M ($0.38/diluted share), up 22% YoY, beating consensus estimates.","5-year lease renewal with 2% annual escalations on Northrop Grumman property in Melbourne, FL.","CEO notes potential asset recycling of ~$150M in assets targeting 100+ bps AFFO growth within 12+ months.","Observations of lending market thaw and increased small-cap REIT M&A activity."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":23626000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139682,"accession_number":"0001645873-25-000132","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-07-25T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Modiv Industrial shareholders reject reverse stock split proposal at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse stock split failed: 4,420,099 votes for (needed >5,054,074 majority of 10,108,147 outstanding shares).","All five director nominees elected: Halfacre, Gingras, Nolan, Smith, Tirondola.","Ratification of Grant Thornton LLP as auditor approved: 6,399,208 for, 158,516 against.","Advisory say-on-pay approved: 4,379,730 for, 524,744 against, 398,758 abstentions.","Broker non-votes of 1,450,535 recorded on director elections, say-on-pay, and reverse split."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157261,"accession_number":"0001645873-25-000109","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q2 preferred dividend and monthly common distributions for July-September 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Preferred Series A dividend of $0.4609375/share ($1.84375 annualized) payable July 15, 2025, record June 30.","Common monthly distribution of $0.0975/share ($1.17 annualized) for July, August, September; unchanged since Jan 31.","Common distribution record dates: July 31, Aug 29, Sep 30; payable ~Aug 15, Sep 15, Oct 15 respectively.","Annualized common yield 8.07% based on June 17 closing price of $14.49."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157260,"accession_number":"0001645873-25-000081","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q1 AFFO $0.33 beats consensus, revenue $11.8M, AFFO up 18% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 revenue $11.8M, net income to common stockholders $2,000; AFFO $3.9M ($0.33/diluted), up 18% YoY, above consensus.","Repurchased 275,000 preferred shares YTD (13.8% of total) at avg $23.74.","Executed 10-year lease renewal with FujiFilm at Santa Clara property; 6.75% rent increase plus 3% annual escalations.","CEO reports no material tariff impact on tenants after 20 hours of calls; sees increased order books and reshoring demand."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":11793000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157259,"accession_number":"0001645873-25-000064","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-04-07T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Modiv Industrial sets 2025 annual meeting for July 23; record date April 24","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting set for July 23, 2025; record date for voting is April 24, 2025.","Stockholder proposals under Rule 14a-8 must be received by April 17, 2025.","Outside proposals and director nominations must also be submitted by April 17, 2025.","Meeting is more than 30 days after last year's meeting, triggering adjusted deadlines."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175635,"accession_number":"0001645873-25-000042","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-03-13T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q1 2025 dividend on preferred and monthly common distributions","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series A preferred dividend of $0.4609375 per share for Q1 2025, payable April 15, 2025 to holders of record March 31, 2025.","Common stock monthly cash distribution of $0.0975 per share for April, May, June 2025; payable May 15, June 16, July 15, 2025.","Annualized common distribution rate remains $1.17 per share, consistent with rate since Jan 31, 2025, implying 7.67% yield based on $15.25 close on March 12, 2025.","Total preferred dividend declared approximately $921,875 for the quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175634,"accession_number":"0001645873-25-000038","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-03-07T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv repurchases 7.5% of Series A Preferred at 6% discount; raises 2025 AFFO guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 150,000 Series A preferred shares at $23.50/share (6% discount to $25 par) for $3.525M.","Transaction yields 7.85% annual yield and 13.45% yield to call; saves $276K annually.","2025 base-case AFFO estimate raised by $0.02 to $1.39 per fully diluted share.","Board authorized new preferred repurchase program up to trailing 12-month ATM proceeds, expiring Dec 31, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175633,"accession_number":"0001645873-25-000031","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-03-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Modiv Industrial amends ATM Sales Agreement; ~$40.3M remains available under $50M program","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Amendment No. 1 dated March 4, 2025 updates definition of 'Agents' in existing ATM Sales Agreement from November 2023.","Approximately $40.3 million of aggregate gross sales price remains available for future issuance under the program.","At-the-market offering allows Modiv to sell shares of Class C common stock (MDV) from time to time.","The amendment is a procedural update; no new capital raise or change in program size disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175632,"accession_number":"0001140361-25-006844","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-03-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q4 AFFO $0.37 beats by 22%; full-year AFFO $1.34; 2025 guidance $1.37","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 net income $0.6M ($0.07 diluted); full-year net income $2.3M ($0.25 diluted).","Q4 AFFO $4.1M ($0.37) beat consensus by 22%; full-year AFFO $14.99M ($1.34) beat street by $0.08.","CEO estimates 2025 AFFO at $1.37 per share, 19% above street consensus of $1.15.","Achieved >$1.4M annual cash expense savings; CEO will forgo salary/bonus for 5 years.","Completed $2M asset sale; upcoming $6M UPREIT acquisition closing by March 14, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175631,"accession_number":"0001140361-25-003010","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-02-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Modiv Industrial NAV per share $24.11 as of Dec 31, 2024, up from $23.93","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["NAV per share $24.11 at Dec 31, 2024 vs $23.93 at Jan 31, 2024, a +$0.18 increase.","Wholly-owned real estate valued at $566.4M; TIC interest in Santa Clara property valued at $43.2M.","Mortgage notes fair value $28.0M; credit facility outstanding $250M; fully-diluted shares 11,186,101.","Implied cap rate on appraised real estate values 6.73% at Dec 31, 2024.","Q4/FY2024 earnings release scheduled for March 4, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175630,"accession_number":"0001140361-25-003004","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-02-04T23:59:59+00:00","items":["1.01","3.02","5.02","9.01"],"status":"ready","headline":"Modiv grants 774K Class X units to execs; CEO takes minimum wage salary","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Halfacre received 546,542.50 Class X units; vest on 5th anniversary; no additional equity, bonus, only min wage salary.","CFO Pacini received 65,000 Class X units; vest on 2nd anniversary.","COO Raney received 162,500 Class X units; vest on 5th anniversary.","CEO base salary set at minimum wage, not to exceed $56,485, effective by April 1, 2025.","Class X units are profits interest in OP; automatically convert to Class C units upon vesting and appreciation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175629,"accession_number":"0001645873-25-000011","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2025-01-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Modiv Industrial Announces 2024 Dividend Tax Treatment: 83.87% return of capital for common stock","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Common stock distributions total $2.31480/share; 16.13% ordinary income, 83.87% return of capital.","Includes $1.1648/share distribution of Generation Income Properties stock on Jan 31, 2024.","Series A preferred dividends total $1.84375/share, 100% ordinary income, 0% return of capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192590,"accession_number":"0001645873-24-000184","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-12-11T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Modiv Industrial announces all four proposals approved at 2024 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five director nominees elected: Halfacre, Gingras, Nolan, Smith, Tirondola with strong support (4.0M+ votes for each).","Ratification of Grant Thornton LLP as auditor for FY2024 approved: 5,590,840 for vs 108,937 against.","Advisory say-on-pay approved: 3,753,925 for vs 444,975 against, with 332,767 abstentions.","Adoption of 2024 Omnibus Incentive Plan approved: 3,782,571 for vs 365,864 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192589,"accession_number":"0001645873-24-000177","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-11-06T23:59:59+00:00","items":["3.03","7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial raises common dividend 1.7% to $1.17 annualized; DRP discount to 5%","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Monthly common distribution increased to $0.0975/share ($1.17 annualized), a 1.7% rise from $1.15 since Oct 2021.","Preferred dividend of $0.4609375/share for Q4 2024 payable Jan 15, 2025 to holders of record Dec 31, 2024.","DRP discount for common stock purchases raised from 3% to 5%, effective December 7, 2024.","Dividend yield based on Nov 5 closing price of $16.82 is 6.96%.","Distributions for Jan, Feb, Mar 2025 declared with payment dates in Feb, Mar, Apr 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192588,"accession_number":"0001140361-24-045336","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-11-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q3 AFFO $0.34/share, up YoY; raises annual dividend to $1.17","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 AFFO $0.34/share, up $0.01 YoY and $0.01 above consensus.","Lease extensions: San Diego property to Feb 2034 (WSP), San Carlos to Oct 2030 (Labcorp).","Raised $3.9M via ATM at avg $16.54; pursuing UPREIT for Jacksonville FL with ~$6M OP units at $17.00.","Board approved dividend increase to $1.17 annually (monthly payments), up from prior rate.","Combined share/unit issuance ~600,000 at avg $16.80, generating $1.2M profit vs Q2 buyback at $14.80."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":35031437.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192587,"accession_number":"0001645873-24-000164","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-10-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Modiv Industrial abandons nine-figure JV acquisition of 20+ manufacturing properties","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Negotiations ended over time-horizon mismatch on ROFO; purchase price was nine-figure at accretive cap rate.","CEO Halfacre states decision avoids unnecessary risk and protects shareholder value; deal would have used cash and stock.","Another potential deal ('English shore' battleship) remains possible; no further play-by-play updates.","Q3 2024 results to be released Nov. 6, 2024; conference call scheduled for 11 a.m. ET."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209050,"accession_number":"0001140361-24-039838","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-09-03T23:59:59+00:00","items":["5.02","5.08","7.01","8.01","9.01"],"status":"ready","headline":"Modiv appoints Gingras to board; declares $0.4609375 preferred dividend, $0.09583 monthly common","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Christopher Gingras appointed to board effective upon proxy filing (expected Sept 18), filling vacancies from McWilliams and Markman resignations.","2024 annual meeting set for Dec 11; record date Sept 17; shareholder proposal deadline Sept 13.","Series A Preferred Q3 dividend $0.4609375/share, payable Oct 15 to holders of record Sept 30.","Common stock monthly distributions $0.09583/share for Oct, Nov, Dec 2024, payable Nov 25, Dec 24, Jan 27.","Annualized common distribution rate $1.15/share; yield 6.9% based on $16.64 close on Aug 30."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209049,"accession_number":"0001140361-24-035791","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q2 AFFO up 17.3% to $3.9M; repurchased 780K shares at $14.80; enters LOI for JV stake","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Rental income $11.3M, down $493K due to prior portfolio sale, offset by $834K decrease in property expenses.","AFFO $3.9M, +$575K YoY; pro forma AFFO per diluted share $0.37 assuming early-quarter buyback.","Acquired Tampa optical systems property for $5.2M; 20-year lease with 2.85% escalators; 8.0% initial cap rate.","Repurchased 656,191 OP units and 123,809 MDV shares at $14.80 for $11.5M; accretive $8M gain vs $25 issue price.","Signed non-binding LOI for non-controlling JV stake in industrial manufacturing portfolio, stock issued at premium."],"consensus_eps_estimate":null,"consensus_eps_actual":0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":23376074.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226897,"accession_number":"0001645873-24-000085","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-05-22T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q2 preferred dividend and monthly common distributions at unchanged rates","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Preferred Series A dividend: $0.4609375/share quarterly ($1.84375 annualized), payable July 15, record June 28.","Common monthly distribution: $0.09583/share ($1.15 annualized) for July, August, and September 2024.","Common distribution yield: 7.3% based on May 21 close of $15.66 per share.","Record dates: common July 31, Aug 30, Sep 30; pay dates: Aug 26, Sep 25, Oct 25, 2024.","Annualized common rate unchanged since October 1, 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226896,"accession_number":"0001140361-24-023832","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial provides updated NAV estimate of $23.33-$23.93 per share as of Jan 31, 2024","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Cushman & Wakefield appraised 42 wholly-owned properties at $569.5M; CBRE at $563.3M (implied cap rates 6.93%/6.81%).","NAV per share estimated at $23.93 (Cushman) and $23.33 (CBRE), versus book value per share of $15.77.","Total estimated NAV between $265.4M and $272.2M based on 11,375,344 fully-diluted shares.","Appraisals also cover a 72.7% tenant-in-common interest in Santa Clara, CA industrial property.","Earnings press release for Q1 2024 furnished but not filed; specific financial results not included in this 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245845,"accession_number":"0001645873-24-000036","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-03-18T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q1 preferred dividend of $0.4609375/sh and monthly common distributions of $0.09583/sh","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Preferred stock: quarterly dividend $0.4609375/sh, payable Apr 15, 2024 to holders of record Mar 29, 2024.","Common stock: monthly distribution $0.09583/sh for Apr, May, Jun 2024; pay dates around May 28, Jun 25, Jul 25.","Annualized common distribution rate of $1.15/sh, unchanged since October 1, 2021.","Common stock dividend yield of 7.20% based on closing price of $15.97 on March 15, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245844,"accession_number":"0001140361-24-010883","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-03-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q4/FY23 earnings: AFFO beats street, portfolio transformation continues","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY23 revenue $46.9M (+7.1% YoY); AFFO $14.7M ($1.33/diluted share) beats consensus by $0.04.","Q4 revenue $12.3M (+23% YoY excl. 2022 termination fee); Q4 AFFO $0.40/share beats consensus by $0.05.","Sold two office properties (Sacramento $7M Jan 2024; Issaquah $28.7M contract, close by Aug 2025); no debt maturities until 2027 after prepaying $3M mortgage.","Kalera tenant bankruptcy in St. Paul; Modiv expects no economic loss; ceased related-party transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":245843,"accession_number":"0001140361-23-060280","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2024-01-02T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial Declares 0.28-Share GIPR Distribution; Provides Business Update on Sales and Strategic Partner","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Declared stock distribution of 0.28 shares of GIPR common per share of MDV common stock and per Modiv OP Class C Unit, payable on/about Jan 31, 2024.","GIPR to redeem its Series A Preferred Stock for 2,794,597 shares of GIPR common; Modiv retains ~5%, distributes remainder to MDV stockholders.","One-time dividend of $1.11 of GIPR stock per MDV share, a 7.4% yield based on MDV's recent closing price.","Under contract to sell non-core office properties (Cummins in Nashville, Levins in Sacramento) and Costco industrial center in Issaquah, WA, with closings in 1Q24 and 2025.","Nine NDAs signed with potential strategic partners; ideal arrangement is a joint venture to increase float and market cap."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263307,"accession_number":"0001645873-23-000234","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-12-14T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares $0.4609375/shr preferred dividend, $0.09583/shr monthly common distribution","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Q4 2023 preferred dividend of $0.4609375/shr payable Jan 16, 2024 to holders of record Dec 29, 2023; annualized $1.84375/shr.","Monthly common distribution of $0.09583/shr for Jan, Feb, Mar 2024; annualized $1.15/shr, yield 7.7% based on Dec 13 close.","Record dates: Jan 31 (Jan dist.), Feb 29 (Feb dist.), Mar 29 (Mar dist.); payments on or about Feb 26, Mar 25, Apr 25.","Distribution rates unchanged since October 2021; Board may adjust future dividends based on financial condition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263306,"accession_number":"0001140361-23-052941","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Modiv Industrial enters amended $50M at-the-market equity sales agreement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amended and restated ATM sales agreement with Baird, Truist, BMO, B. Riley, Janney Montgomery, Colliers.","Company may sell up to $50M of Class C common stock; no shares sold yet under amended agreement.","Amendment primarily revised definition of Agents; $50M remains available for sale.","Offering conducted under existing shelf registration and prospectus supplement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263305,"accession_number":"0001140361-23-052717","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial Q3 revenue $12.5M (+21% YoY), AFFO $3.7M (+19% YoY), plans GIPR in-kind dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $12.5M (up 21% YoY from $10.3M); AFFO $3.7M (up 19% YoY from $3.1M).","Reduced debt by $10M; net debt/adjusted EBITDA down 14% vs prior quarter.","Portfolio: 44 properties, weighted avg lease term 14.0 years, avg annual rent increases 2.48%.","CEO provides strategic outlook but no formal 2024 guidance; near-term acquisition pause.","Potential Jan 2024 in-kind distribution of up to 3.0M GIPR shares; combined yield >16%."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":34846061.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263304,"accession_number":"0001645873-23-000207","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-10-17T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv declares $0.09583/month dividend (7.9% yield) and plans in-kind distribution of GIPR shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Regular monthly cash dividend of $0.09583/share for Oct, Nov, Dec 2023; annualized rate $1.15.","Dividend yield of 7.9% based on MDV closing price of $14.56 on Oct 16, 2023.","May receive 2.2M-3.0M GIPR common shares in redemption of Series A Preferred from 13-property sale.","Intends to distribute GIPR shares in-kind to MDV shareholders as early as Jan 2024, subject to lender approval.","CEO notes 87 consecutive monthly dividends exceeding $60M total; dividend coverage ratio >110%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280505,"accession_number":"0001140361-23-043880","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-09-14T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv Industrial declares Q3 2023 preferred dividend of $0.4609375 per share","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly cash dividend of $0.4609375 per share on 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock.","Record date is September 29, 2023; payable on October 16, 2023.","Annualized dividend rate of $1.84375 per share; total dividend amount of $921,875 for Q3 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280504,"accession_number":"0001140361-23-040286","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-08-17T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Industrial files Q2 2023 results and pro forma portfolio update","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Filed investor presentation and supplemental data for Q2 2023 ended June 30, 2023.","Pro forma portfolio information provided as of August 14, 2023 in the exhibits.","Specific financial metrics (revenue, EPS, FFO) not included in the filing text; refer to Exhibits 99.1 and 99.2."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":22279732.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280503,"accession_number":"0001140361-23-039423","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-08-14T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Q2 revenue up 16.7% to $11.8M; completes transition to industrial REIT","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FFO of $7.9M ($0.75/diluted) vs $4.7M ($0.46) YoY; AFFO $3.3M ($0.31) vs $3.6M ($0.35).","Sold 13 non-industrial assets to Generation Income Properties (GIPR) for $42M on Aug 10, 2023.","Acquired $129.8M industrial properties YTD at 7.8% initial cap rate; 76% of NOI now industrial.","Company renamed Modiv Industrial, Inc. effective Aug 11, 2023; ticker MDV unchanged.","Acquired $29M of industrial manufacturing assets in July 2023 at blended cap rate of 8.2%."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":22279732.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280502,"accession_number":"0001140361-23-036452","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-07-27T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Modiv elects 7 directors, ratifies Grant Thornton, approves say-on-pay at 2023 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected with between 3.6M and 3.78M votes for; broker non-votes 576,426.","Ratification of Grant Thornton as auditor for FY2023 approved: 4,392,837 for, 265,786 against.","Advisory say-on-pay proposal approved: 3,070,534 for, 844,203 against, 492,252 abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":299099,"accession_number":"0001645873-23-000119","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-06-20T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv declares Q2 2023 preferred dividend $0.4609375/share; monthly common dist. $0.09583/share for Jul-Sep","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Preferred Q2 dividend $0.4609375/share ($921,875 total) payable July 17, 2023 to holders of record June 30.","Common monthly distribution $0.09583/share (annualized $1.15) declared for July, August, September 2023.","July distribution payable on or about Aug 25 to holders of record July 31; August payable Sep 25 to record Aug 31.","September distribution payable on or about Oct 25 to holders of record Sep 29; rate unchanged since Oct 1, 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":299098,"accession_number":"0001140361-23-024492","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-05-15T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Q1 revenue up 7.7% to $10.3M; AFFO rises to $0.30/share; $100.6M in acquisitions YTD","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 revenue $10.3M (+7.7% YoY); AFFO $0.30 per diluted share vs $0.29 in prior-year quarter.","Acquired 10 industrial properties YTD through May 12 for $100.6M at blended initial cap rate 7.7%.","Total debt $294.4M (weighted avg interest 4.4% with swaps); consolidated leverage 40% as of March 31.","Industrial portfolio now 37 assets (67% of pro forma NOI); WALT 14.5 years; 2.4% avg annual rent increases.","Term loan drawn additional $80M in April, bringing total to $250M; $150M revolver available."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.62,"consensus_revenue_estimate":null,"consensus_revenue_actual":10377175.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":319261,"accession_number":"0001645873-23-000062","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-03-31T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Modiv Inc. replaces auditor Baker Tilly with Grant Thornton after competitive selection","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit Committee engaged Grant Thornton as independent auditor for FY 2023, effective March 30, 2023.","No disagreements with former auditor Baker Tilly during 2022, 2021, or interim 2023 period.","Baker Tilly's reports for 2022 and 2021 were unqualified and contained no adverse opinion.","Baker Tilly provided letter agreeing with statements; no consultations with Grant Thornton prior to hiring."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":319260,"accession_number":"0001645873-23-000048","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-03-14T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Modiv declares quarterly preferred dividend and monthly common distributions unchanged","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Series A Preferred dividend $0.4609375/share (annualized $1.84375) for Q1 2023, payable April 17.","Common monthly distribution $0.09583/share (annualized $1.15) for April, May, June 2023.","Payable dates: May 25, June 26, July 25, 2023 for common distributions.","Record dates: March 31 for preferred; April 28, May 31, June 30 for common.","Common distribution rate unchanged since October 1, 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":319259,"accession_number":"0001140361-23-008160","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2023-02-23T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Modiv Q4 AFFO $0.68, full-year AFFO $1.63 beats guidance; revenue $46.2M (+22% YoY); NAV $27.72","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2022 AFFO $16.6M ($1.63/diluted share) exceeded guidance of $1.26-$1.36; revenue $46.2M (+22% YoY).","Q4 2022 AFFO $6.9M ($0.68/diluted share) vs $2.4M ($0.27) in Q4 2021; revenue $14.4M (+63% YoY) including $3.8M early termination fee.","Net loss attributable to common stockholders for 2022 was $(7.0)M ($(0.93)/share) vs $(1.5)M in 2021, including $17.3M goodwill write-off.","NAV per share $27.72 vs stock price $11.76 (58% discount); dividend $0.09583/month ($1.15 annual, 9.8% yield).","2023 goals: at least $100M industrial acquisitions, no equity issuance at current prices, exploring strategic proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":46174267.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":337474,"accession_number":"0001645873-22-000313","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2022-12-22T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Modiv Inc. authorizes up to $15M share repurchase program for 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized repurchase of up to $15M of Class C common stock and/or Series A preferred stock.","Program runs from Jan 1, 2023 to Dec 31, 2023; may be suspended or discontinued at any time.","Repurchases subject to credit agreement covenants with KeyBank National Association.","Purchases may be made via open market, private transactions, or Rule 10b5-1 plans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":337473,"accession_number":"0001645873-22-000294","cik":1645873,"company_name":"MODIV INDUSTRIAL, INC.","ticker":"MDV","form_type":"8-K","filed_at":"2022-11-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Ladenburg Thalmann initiates Modiv at Buy; five analysts all at Buy with 90%+ upside","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Ladenburg Thalmann initiated coverage with a 'Buy' rating and $18.50 price target per share.","Modiv now has five independent equity analysts covering the company, all with 'Buy' recommendations.","Consensus target price implies over 90% upside from current share price.","CEO cites transformation to industrial manufacturing properties and stable monthly dividend with double-digit yield as key catalysts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":190781428.59243244,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-11-14T23:59:59+00:00|337473"}