{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-008160","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.988015+00:00","generated_at":"2026-06-19T02:47:45.361128+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Modiv Q4 AFFO $0.68, full-year AFFO $1.63 beats guidance; revenue $46.2M (+22% YoY); NAV $27.72","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-008160","json":"https://secwatch.observer/filing/0001140361-23-008160.json","markdown":"https://secwatch.observer/filing/0001140361-23-008160.md","text":"https://secwatch.observer/filing/0001140361-23-008160.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123008160/0001140361-23-008160-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123008160/brhc10048523_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T02:47:45.361128+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":"80b90740543cead58216376d3c1864ba55214f6f","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123008160/0001140361-23-008160-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$14.4 million"},{"label":"Net income","value":"$(0.2) million"},{"label":"EPS","value":"$(0.02) per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c63ae0aafdc6911f67830425b732edd37d47d7c7","claim":"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.","evidence_excerpt":"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 -","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123008160/0001140361-23-008160-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2022"},{"label":"Revenue","value":"$46.2 million"},{"label":"Net income","value":"$(7.0) million"},{"label":"EPS","value":"$(0.93) per basic and 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"}