{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-023832","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.410756+00:00","generated_at":"2026-06-03T00:35:51.332988+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"Modiv Industrial provides updated NAV estimate of $23.33-$23.93 per share as of Jan 31, 2024","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-023832","json":"https://secwatch.observer/filing/0001140361-24-023832.json","markdown":"https://secwatch.observer/filing/0001140361-24-023832.md","text":"https://secwatch.observer/filing/0001140361-24-023832.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124023832/0001140361-24-023832-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124023832/ef20028174_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:35:51.332988+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":"db720e8726f7fa8290a0c3ea004679da9fec9802","claim":"MODIV INDUSTRIAL, INC. reported financial results for the first quarter ended March 31, 2024.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124023832/0001140361-24-023832-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"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"}