{"schema_version":"secwatch.filing_event.v1","accession":"0001645873-25-000038","form_type":"8-K","ticker":"MDV","cik":"0001645873","company_name":"MODIV INDUSTRIAL, INC.","filed_at":"2025-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.293934+00:00","generated_at":"2026-05-25T03:44:48.100942+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Modiv repurchases 7.5% of Series A Preferred at 6% discount; raises 2025 AFFO guidance","bullets":["Repurchased 150,000 Series A preferred shares at $23.50/share (6% discount to $25 par) for $3.525M.","Transaction yields 7.85% annual yield and 13.45% yield to call; saves $276K annually.","2025 base-case AFFO estimate raised by $0.02 to $1.39 per fully diluted share.","Board authorized new preferred repurchase program up to trailing 12-month ATM proceeds, expiring Dec 31, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001645873-25-000038","json":"https://secwatch.observer/filing/0001645873-25-000038.json","markdown":"https://secwatch.observer/filing/0001645873-25-000038.md","text":"https://secwatch.observer/filing/0001645873-25-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645873/000164587325000038/0001645873-25-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645873/000164587325000038/cik0001645873-20250304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T03:44:48.100942+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"}