secwatch.observer — SEC 8-K summary
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Issuer:     MODIV INDUSTRIAL, INC. (MDV)
CIK:        0001645873
Form:       8-K
Filed at:   2026-03-25T23:59:59+00:00
Accession:  0001645873-26-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645873/000164587326000042/0001645873-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645873/000164587326000042/cik0001645873-20260325.htm
  HTML page:      https://secwatch.observer/filing/0001645873-26-000042

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