earnings
confidence high
sentiment neutral
materiality 0.75
Modiv Industrial reports FY 2025 net loss of $2.1M, AFFO up 15% to $17.2M; asset recycling progress
MODIV INDUSTRIAL, INC.
- Q4 2025 net income to common stockholders $0.4M; full year net loss $2.1M ($0.31/diluted share).
- Full year AFFO $17.2M ($1.38/diluted share), up 15% YoY; Q4 AFFO $4.0M.
- Completed $26M sale of Issaquah, WA property; under contract to sell St. Paul, MN and Melbourne, FL (Northrop Grumman) properties.
- Received unsolicited offers, one potentially compelling but stepped back; NAV per share $22.19 based on 1/31/26 appraisal.
- CEO cites tough REIT market but highlights ~14 years lease duration and 28% investment grade exposure.