---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-003010"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:31:27.567915+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial NAV per share $24.11 as of Dec 31, 2024, up from $23.93

## Summary
- NAV per share $24.11 at Dec 31, 2024 vs $23.93 at Jan 31, 2024, a +$0.18 increase.
- Wholly-owned real estate valued at $566.4M; TIC interest in Santa Clara property valued at $43.2M.
- Mortgage notes fair value $28.0M; credit facility outstanding $250M; fully-diluted shares 11,186,101.
- Implied cap rate on appraised real estate values 6.73% at Dec 31, 2024.
- Q4/FY2024 earnings release scheduled for March 4, 2025.

## SEC filing metadata
- accession: 0001140361-25-003010
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000114036125003010/0001140361-25-003010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000114036125003010/ef20042805_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-003010
- JSON: https://secwatch.observer/filing/0001140361-25-003010.json
- Plain text: https://secwatch.observer/filing/0001140361-25-003010.txt

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