{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-035791","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2024-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.944886+00:00","generated_at":"2026-05-31T12:18:46.163263+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Modiv Industrial Q2 AFFO up 17.3% to $3.9M; repurchased 780K shares at $14.80; enters LOI for JV stake","bullets":["Rental income $11.3M, down $493K due to prior portfolio sale, offset by $834K decrease in property expenses.","AFFO $3.9M, +$575K YoY; pro forma AFFO per diluted share $0.37 assuming early-quarter buyback.","Acquired Tampa optical systems property for $5.2M; 20-year lease with 2.85% escalators; 8.0% initial cap rate.","Repurchased 656,191 OP units and 123,809 MDV shares at $14.80 for $11.5M; accretive $8M gain vs $25 issue price.","Signed non-binding LOI for non-controlling JV stake in industrial manufacturing portfolio, stock issued at premium."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-035791","json":"https://secwatch.observer/filing/0001140361-24-035791.json","markdown":"https://secwatch.observer/filing/0001140361-24-035791.md","text":"https://secwatch.observer/filing/0001140361-24-035791.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124035791/0001140361-24-035791-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000114036124035791/ef20033554_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T12:18:46.163263+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}