---
schema_version: "secwatch.filing_event.v1"
accession: "0001645873-25-000197"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:52:08.397966+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial Q3 AFFO $0.36 beats consensus $0.34, up 22% YoY

## Summary
- Revenue $11.7M, net income to common $0.3M; AFFO $4.5M ($0.36/share) vs $3.7M year ago.
- AFFO per share exceeded all five analyst estimates; consensus was $0.34.
- Portfolio: 43 properties, 14.2-yr WALT, 28% investment-grade tenants, $38.9M annualized base rent.
- Balance sheet: $8.3M cash, $30M revolver available; 100% fixed debt at 4.27%, no maturities until Jan 2027.
- No acquisitions or sales in quarter; CEO cites patience and discipline for value creation.

## SEC filing metadata
- accession: 0001645873-25-000197
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2025-11-14T23:59:59+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/1645873/000164587325000197/0001645873-25-000197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000164587325000197/cik0001645873-20251114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645873-25-000197
- JSON: https://secwatch.observer/filing/0001645873-25-000197.json
- Plain text: https://secwatch.observer/filing/0001645873-25-000197.txt

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