Modiv Industrial provides updated NAV estimate of $23.33-$23.93 per share as of Jan 31, 2024

MODIV INDUSTRIAL, INC.

Cushman & Wakefield appraised 42 wholly-owned properties at $569.5M; CBRE at $563.3M (implied cap rates 6.93%/6.81%).
NAV per share estimated at $23.93 (Cushman) and $23.33 (CBRE), versus book value per share of $15.77.
Total estimated NAV between $265.4M and $272.2M based on 11,375,344 fully-diluted shares.
Appraisals also cover a 72.7% tenant-in-common interest in Santa Clara, CA industrial property.
Earnings press release for Q1 2024 furnished but not filed; specific financial results not included in this 8-K.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MODIV INDUSTRIAL, INC. reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 2, 2024, Modiv Industrial, Inc., a Maryland corporation (the “Company”), issued an earnings press release relating to the Company’s financial results for the first quarter ended March 31, 2024.

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1051 earnings releases filed in the last 30 days. Browse all earnings releases →

MODIV INDUSTRIAL, INC. filing history →

Source: SEC EDGAR

accession 0001140361-24-023832

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