Modiv Q4 AFFO $0.68, full-year AFFO $1.63 beats guidance; revenue $46.2M (+22% YoY); NAV $27.72

MODIV INDUSTRIAL, INC.

2022-FY EPS reported -$0.93 revenue$46,174,267

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.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MODIV INDUSTRIAL, INC. reported the fourth quarter ended December 31, 2022 results: revenue $14.4 million, net income $(0.2) million, EPS $(0.02) per basic and diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $14.4 million
Net income: $(0.2) million
EPS: $(0.02) per basic and diluted share
Result: reported results

Exact text from the filing

per diluted share, exceeding the Company’s 2022 annual AFFO guidance of $1.26 - $1.36 per diluted share Highlights for the fourth quarter ended December 31, 2022: ◾ Revenue of $14.4 million increased 63% year-over-year ◾ Quarterly AFFO of $6.9 million, or $0.68 per diluted share, compared with $2.4 million or $0.27 per diluted share in the year-ago quarter Recent

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MODIV INDUSTRIAL, INC. reported the full year ended December 31, 2022 results: revenue $46.2 million, net income $(7.0) million, EPS $(0.93) per basic and diluted share.

Period: the full year ended December 31, 2022
Revenue: $46.2 million
Net income: $(7.0) million
EPS: $(0.93) per basic and diluted share
Result: reported results

Exact text from the filing

properties, today announced operating results for the fourth quarter and full year ended December 31, 2022. Highlights for the full year ended December 31, 2022: ◾ Revenue of $46.2 million increased 22% year-over-year ◾ Annual AFFO increased 45% year-over-year to $16.6 million, or $1.63 per diluted share, exceeding the Company’s 2022 annual AFFO guidance of $1.26 -

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Source: SEC EDGAR

accession 0001140361-23-008160

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