{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-024492","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.825321+00:00","generated_at":"2026-06-15T01:15:22.581039+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Modiv Q1 revenue up 7.7% to $10.3M; AFFO rises to $0.30/share; $100.6M in acquisitions YTD","bullets":["Q1 revenue $10.3M (+7.7% YoY); AFFO $0.30 per diluted share vs $0.29 in prior-year quarter.","Acquired 10 industrial properties YTD through May 12 for $100.6M at blended initial cap rate 7.7%.","Total debt $294.4M (weighted avg interest 4.4% with swaps); consolidated leverage 40% as of March 31.","Industrial portfolio now 37 assets (67% of pro forma NOI); WALT 14.5 years; 2.4% avg annual rent increases.","Term loan drawn additional $80M in April, bringing total to $250M; $150M revolver available."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-024492","json":"https://secwatch.observer/filing/0001140361-23-024492.json","markdown":"https://secwatch.observer/filing/0001140361-23-024492.md","text":"https://secwatch.observer/filing/0001140361-23-024492.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123024492/0001140361-23-024492-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123024492/brhc20052879_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:15:22.581039+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":"c123a38ad6e07c1c93547d1a4bdaf8fd6984a879","claim":"MODIV INDUSTRIAL, INC. reported first quarter ended March 31, 2023 results: revenue $10.3 million.","evidence_excerpt":"Modiv Announces First Quarter 2023 Results Reno, Nevada, May 15, 2023 – Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that actively acquires, owns, and manages a portfolio of single-tenant net-lease industrial manufacturing real estate properties, today announced operating results for the first quarter ended March 31, 2023. Key Highlights: ◾ First quarter revenue of $10.3 million increased 7.7% year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123024492/0001140361-23-024492-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$10.3 million"},{"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"}