secwatch.observer — SEC 8-K summary
======================================

Issuer:     MODIV INDUSTRIAL, INC. (MDV)
CIK:        0001645873
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001140361-22-041151
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modiv reports Q3 revenue $10.2M, AFFO $0.31/diluted; expands credit facility to $400M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645873/000114036122041151/0001140361-22-041151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645873/000114036122041151/ny20005857x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-041151

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer