{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-052717","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.927204+00:00","generated_at":"2026-06-08T05:15:12.293065+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 Industrial Q3 revenue $12.5M (+21% YoY), AFFO $3.7M (+19% YoY), plans GIPR in-kind dividend","bullets":["Revenue $12.5M (up 21% YoY from $10.3M); AFFO $3.7M (up 19% YoY from $3.1M).","Reduced debt by $10M; net debt/adjusted EBITDA down 14% vs prior quarter.","Portfolio: 44 properties, weighted avg lease term 14.0 years, avg annual rent increases 2.48%.","CEO provides strategic outlook but no formal 2024 guidance; near-term acquisition pause.","Potential Jan 2024 in-kind distribution of up to 3.0M GIPR shares; combined yield >16%."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-052717","json":"https://secwatch.observer/filing/0001140361-23-052717.json","markdown":"https://secwatch.observer/filing/0001140361-23-052717.md","text":"https://secwatch.observer/filing/0001140361-23-052717.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123052717/0001140361-23-052717-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123052717/ef20014573_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:15:12.293065+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":"dcbfe1ea8effe6dde4e11612a1977b84973a9d7a","claim":"MODIV INDUSTRIAL, INC. reported third quarter ended September 30, 2023 results: revenue $12.5 million.","evidence_excerpt":"real estate, today announced operating results for the third quarter ended September 30, 2023. Key Financial Highlights: ◾ 21% year-over-year increase in revenue generating $12.5 million compared with $10.3 million in the year-ago quarter. ◾ 19% year-over-year increase in AFFO netting $3.7 million compared with $3.1 million in the year-ago quarter. ◾ $10 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036123052717/0001140361-23-052717-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$12.5 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"}