ModivNYSE: MDV

Modiv Industrial, Inc. (MDV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

REITs vary in strategies; for instance, Realty Income Corporation is globally diversified, while Rexford Industrial Realty, Inc. focuses on Southern California industrial assets. Modiv Industrial specializes in single-tenant manufacturing properties, emphasizing “Made in America” and onshoring, but faces concentration and business risks. Modiv's sale leaseback strategy involves high-risk bets on tenants' creditworthiness and may overpay for low-quality assets, raising concerns about sustainability.

Modiv Industrial Inc. (NYSE:MDV ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants John Raney - Chief Operating Officer and General Counsel Aaron Halfacre - Chief Executive Officer Ray Pacini - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Montgomery Scott Bryan Maher - B. Riley Securities Gaurav Mehta - Alliance Global Partners Barry Oxford - Colliers Securities Steve Chick - Sebis Garden Capital LLC Operator Good day, and welcome to Modiv Industrial Inc. 3Q '24 Conference Call.

DENVER--(BUSINESS WIRE)--Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the third quarter ended September 30, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: “The past few months the American public has been bombarded with so many hyperactive headlines and speculative soundbites, both p.

Modiv Industrial, Inc. (MDV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.

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Modiv Industrial is an industrial REIT focused primarily on Infrastructure, Automotive, and Aerospace/Defense tenants. The REIT has outperformed the Vanguard Real Estate Index ETF in 2024. I expect the outperformance to continue thanks to an attractive valuation in terms of the AFFO multiple/enterprise-level cap rate, coupled with 2-3% rent escalators.

Modiv Industrial, Inc. (NYSE:MDV ) Q2 2024 Earnings Conference Call August 6, 2024 10:30 AM ET Company Participants John Raney - COO and General Counsel Aaron Halfacre - CEO Ray Pacini - CFO Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery Scott Sean Hostert - Net Lease Observer Operator Good day, and welcome to Modiv Industrial Inc. 2Q '24 Conference Call. All participants will be listen-only mode.

Modiv Industrial, Inc. (MDV) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.31 per share a year ago.