---
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"
generated_at: "2026-05-25T03:44:48.100942+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Modiv repurchases 7.5% of Series A Preferred at 6% discount; raises 2025 AFFO guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645873-25-000038
- JSON: https://secwatch.observer/filing/0001645873-25-000038.json
- Plain text: https://secwatch.observer/filing/0001645873-25-000038.txt

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