---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-045336"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:36:29.386151+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial Q3 AFFO $0.34/share, up YoY; raises annual dividend to $1.17

## Summary
- Q3 AFFO $0.34/share, up $0.01 YoY and $0.01 above consensus.
- Lease extensions: San Diego property to Feb 2034 (WSP), San Carlos to Oct 2030 (Labcorp).
- Raised $3.9M via ATM at avg $16.54; pursuing UPREIT for Jacksonville FL with ~$6M OP units at $17.00.
- Board approved dividend increase to $1.17 annually (monthly payments), up from prior rate.
- Combined share/unit issuance ~600,000 at avg $16.80, generating $1.2M profit vs Q2 buyback at $14.80.

## SEC filing metadata
- accession: 0001140361-24-045336
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000114036124045336/0001140361-24-045336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000114036124045336/ef20038156_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-045336
- JSON: https://secwatch.observer/filing/0001140361-24-045336.json
- Plain text: https://secwatch.observer/filing/0001140361-24-045336.txt

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