{"filings":[{"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}],"next_cursor":null}