secwatch.observer — SEC 8-K summary
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Issuer:     MODIV INDUSTRIAL, INC. (MDV)
CIK:        0001645873
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001140361-24-023832
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645873/000114036124023832/0001140361-24-023832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645873/000114036124023832/ef20028174_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-023832

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