{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-041151","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.561577+00:00","generated_at":"2026-06-21T20:28:07.017478+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Modiv reports Q3 revenue $10.2M, AFFO $0.31/diluted; expands credit facility to $400M","bullets":["Total Q3 revenue $10.2M (flat YoY; up 17% adj. for $1.5M termination fee in year-ago quarter).","AFFO $3.1M ($0.31/diluted), in line with FY2022 guidance of $1.26-$1.36/share; net income $3.0M vs $3.5M prior.","Acquired $28.7M industrial properties at 7.6% cap; sold two Las Vegas offices for $22.2M, gain $4.7M.","Exercised $150M accordion on credit facility Oct 21; total capacity now $400M ($150M revolver + $250M term loan).","Monthly dividend $0.09583/share ($1.15 annualized); yield 11% based on Nov 10 close of $10.64."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-041151","json":"https://secwatch.observer/filing/0001140361-22-041151.json","markdown":"https://secwatch.observer/filing/0001140361-22-041151.md","text":"https://secwatch.observer/filing/0001140361-22-041151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036122041151/0001140361-22-041151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036122041151/ny20005857x1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T20:28:07.017478+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1c1b89e8e6479d012cb85b40961803682bde7d9f","claim":"MODIV INDUSTRIAL, INC. reported the third quarter ended September 30, 2022 results: revenue $10.2 million, net income $3.0 million, EPS $0.35 per diluted share.","evidence_excerpt":"Financial review for the third quarter 2022 Total Revenues Total revenues were consistent year-over-year at $10.2 million. The year-ago third-quarter revenue included a $1.5 million early termination fee related to a Texas property leased to Dana Incorporated, which was sold in July 2021. Excluding this early termination fee, third-quarter revenue increased $1.5 million, or 17% year-over-year, due primarily to rental income from 16 acquisitions year-to-date and partially offset by a decrease in rental income from the sale of six office properties and one flex property in 2022. Operating Results Net income attributable to common stockholders was $3.0 million, or $0.40 per basic share and $0.35 per diluted share, compared to net income of $3.5 million, or $0.47 per basic and $0.40 per diluted share in the prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036122041151/0001140361-22-041151-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$10.2 million"},{"label":"Net income","value":"$3.0 million"},{"label":"EPS","value":"$0.35 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}