secwatch.observer — SEC 8-K summary
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Issuer:     MODIV INDUSTRIAL, INC. (MDV)
CIK:        0001645873
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001140361-23-008160
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645873/000114036123008160/0001140361-23-008160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645873/000114036123008160/brhc10048523_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008160

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