---
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"
generated_at: "2026-06-03T00:35:51.332988+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-023832
- JSON: https://secwatch.observer/filing/0001140361-24-023832.json
- Plain text: https://secwatch.observer/filing/0001140361-24-023832.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1645873/000114036124023832/0001140361-24-023832-index.htm

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