---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-039423"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:28:40.258090+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modiv Q2 revenue up 16.7% to $11.8M; completes transition to industrial REIT

## Summary
- FFO of $7.9M ($0.75/diluted) vs $4.7M ($0.46) YoY; AFFO $3.3M ($0.31) vs $3.6M ($0.35).
- Sold 13 non-industrial assets to Generation Income Properties (GIPR) for $42M on Aug 10, 2023.
- Acquired $129.8M industrial properties YTD at 7.8% initial cap rate; 76% of NOI now industrial.
- Company renamed Modiv Industrial, Inc. effective Aug 11, 2023; ticker MDV unchanged.
- Acquired $29M of industrial manufacturing assets in July 2023 at blended cap rate of 8.2%.

## SEC filing metadata
- accession: 0001140361-23-039423
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000114036123039423/0001140361-23-039423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000114036123039423/brhc20057396_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-039423
- JSON: https://secwatch.observer/filing/0001140361-23-039423.json
- Plain text: https://secwatch.observer/filing/0001140361-23-039423.txt

## Key facts
- Earnings Releases
  MODIV INDUSTRIAL, INC. reported second quarter ended June 30, 2023 results: revenue $11.8 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $11.8 million
  - Result: reported results
  source text: Revenue was $11.8 million, up 16.7% year-over-year, reflecting the acquisition of 16 industrial manufacturing properties since June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1645873/000114036123039423/0001140361-23-039423-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.