Modiv Industrial Reports Strong 2024 Earnings and Outlook

Modiv Inc. Class C ( (MDV) ) has released its Q4 earnings. Here is a breakdown of the information Modiv Inc. Class C presented to its investors.

Modiv Industrial, Inc. is a publicly traded real estate investment trust (REIT) that specializes in acquiring industrial manufacturing real estate, focusing on single-tenant net-lease properties with long-term leases to tenants that are integral to the national economy and supply chains.

In its latest earnings report, Modiv Industrial announced its financial results for the fourth quarter and full year of 2024. The company reported a full-year net income of $2.3 million, or $0.25 per diluted share, and a fourth-quarter net income of $0.6 million, or $0.07 per diluted share. The company also highlighted its strong AFFO performance, exceeding expectations with $14.99 million for the year and $4.1 million for the fourth quarter.

Key financial metrics from the report include the sale and issuance of 287,840 shares of common stock at an average price of $16.16 per share during the fourth quarter and securing over $1.4 million in cash expense savings for 2025 through general and administrative and financing efficiencies. Additionally, Modiv Industrial’s dividend yield stands at 7.5%, with AFFO coverage of 115% on equity trading at a 35% discount to net asset value.

Looking ahead, Modiv Industrial’s management remains focused on disciplined acquisition strategies and improving expense efficiency. The company aims to grow its AFFO by acquiring income-producing assets and enhancing operational efficiencies, having already identified over $1.4 million in cash savings for 2025. Management’s internal AFFO modeling estimates earnings of $1.37 per fully diluted share for 2025, which is 19% higher than the current street consensus.

Modiv Industrial’s strategic approach and financial discipline position it well for potential growth, with management expressing confidence in their ability to achieve greater growth over time through selective transactions and operational efficiencies.