{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-010883","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.965515+00:00","generated_at":"2026-06-05T04:46:08.067723+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Modiv Industrial Q4/FY23 earnings: AFFO beats street, portfolio transformation continues","bullets":["FY23 revenue $46.9M (+7.1% YoY); AFFO $14.7M ($1.33/diluted share) beats consensus by $0.04.","Q4 revenue $12.3M (+23% YoY excl. 2022 termination fee); Q4 AFFO $0.40/share beats consensus by $0.05.","Sold two office properties (Sacramento $7M Jan 2024; Issaquah $28.7M contract, close by Aug 2025); no debt maturities until 2027 after prepaying $3M mortgage.","Kalera tenant bankruptcy in St. Paul; Modiv expects no economic loss; ceased related-party transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-010883","json":"https://secwatch.observer/filing/0001140361-24-010883.json","markdown":"https://secwatch.observer/filing/0001140361-24-010883.md","text":"https://secwatch.observer/filing/0001140361-24-010883.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124010883/0001140361-24-010883-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124010883/ef20022917_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:46:08.067723+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":"3c8aff97411f258fb14a7e2a5ccad8acee7626c0","claim":"MODIV INDUSTRIAL, INC. reported fourth quarter and full year ended December 31, 2023 results: revenue Annual revenue of $46.9 million.","evidence_excerpt":"acquiring industrial manufacturing real estate, today announced operating results for the fourth quarter and full year ended December 31, 2023. Highlights: • Annual revenue of $46.9 million increased 7.1% year-over-year compared with 2022 revenue of $43.8 million. 2022 revenue included a $3.8 million non-recurring early lease termination fee and excluding that fee,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124010883/0001140361-24-010883-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"Annual revenue of $46.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5d4285da0a0c7cc26324055bb6373aa8089aae30","claim":"MODIV INDUSTRIAL, INC. reported full year ended December 31, 2023 results: revenue Annual revenue of $46.9 million, EPS Full year 2023 AFFO of $14.7 million, or $1.33 per diluted share.","evidence_excerpt":"acquiring industrial manufacturing real estate, today announced operating results for the fourth quarter and full year ended December 31, 2023. Highlights: • Annual revenue of $46.9 million increased 7.1% year-over-year compared with 2022 revenue of $43.8 million. 2022 revenue included a $3.8 million non-recurring early lease termination fee and excluding that fee,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124010883/0001140361-24-010883-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2023"},{"label":"Revenue","value":"Annual revenue of $46.9 million"},{"label":"EPS","value":"Full year 2023 AFFO of $14.7 million, or $1.33 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cbcc6325ed3f5f200a05743a3836199f2436bd91","claim":"MODIV INDUSTRIAL, INC. reported fourth quarter ended December 31, 2023 results: revenue Fourth quarter revenue of $12.3 million, EPS Fourth quarter AFFO of $4.5 million, or $0.40 per diluted share.","evidence_excerpt":"Fourth quarter revenue of $12.3 million increased $2.3 million year-over-year, or 23%, excluding the 2022 lease termination fee.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124010883/0001140361-24-010883-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"Fourth quarter revenue of $12.3 million"},{"label":"EPS","value":"Fourth quarter AFFO of $4.5 million, or $0.40 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f07c8b1c41ad9a7134a10136ed1222bfa4f23ae3","claim":"MODIV INDUSTRIAL, INC. updated its 2024 guidance (reaffirmed).","evidence_excerpt":"Business Outlook: Acquisitions – Yes, that’s right, no acquisitions for fourth quarter or YTD 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124010883/0001140361-24-010883-index.htm","confidence":0.8,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}