---
schema_version: "secwatch.filing_event.v1"
accession: "0001645873-26-000042"
form_type: "8-K"
ticker: "MDV"
cik: "0001645873"
company_name: "MODIV INDUSTRIAL, INC."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:01:24.165668+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modiv Industrial reports FY 2025 net loss of $2.1M, AFFO up 15% to $17.2M; asset recycling progress

## Summary
- 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.

## SEC filing metadata
- accession: 0001645873-26-000042
- form_type: 8-K
- ticker: MDV
- cik: 0001645873
- company_name: MODIV INDUSTRIAL, INC.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000042/0001645873-26-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000042/cik0001645873-20260325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001645873-26-000042
- JSON: https://secwatch.observer/filing/0001645873-26-000042.json
- Plain text: https://secwatch.observer/filing/0001645873-26-000042.txt

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