secwatch.observer — SEC 8-K summary
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Issuer:     MODIV INDUSTRIAL, INC. (MDV)
CIK:        0001645873
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001645873-25-000038
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645873/000164587325000038/0001645873-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645873/000164587325000038/cik0001645873-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001645873-25-000038

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