---
schema_version: "secwatch.filing_event.v1"
accession: "0001645873-25-000081"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:18:48.017084+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial Q1 AFFO $0.33 beats consensus, revenue $11.8M, AFFO up 18% YoY

## Summary
- Q1 revenue $11.8M, net income to common stockholders $2,000; AFFO $3.9M ($0.33/diluted), up 18% YoY, above consensus.
- Repurchased 275,000 preferred shares YTD (13.8% of total) at avg $23.74.
- Executed 10-year lease renewal with FujiFilm at Santa Clara property; 6.75% rent increase plus 3% annual escalations.
- CEO reports no material tariff impact on tenants after 20 hours of calls; sees increased order books and reshoring demand.

## SEC filing metadata
- accession: 0001645873-25-000081
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000164587325000081/0001645873-25-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000164587325000081/cik0001645873-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645873-25-000081
- JSON: https://secwatch.observer/filing/0001645873-25-000081.json
- Plain text: https://secwatch.observer/filing/0001645873-25-000081.txt

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