Modiv ( (MDV) ) has shared an update.
On March 4, 2025, Modiv Industrial announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported a full-year net income of $2.3 million and an AFFO of $14.99 million, surpassing street expectations. Modiv also highlighted its strategic approach to acquisitions and cost savings, securing over $1.4 million in cash expense savings for 2025. The company remains focused on disciplined growth and efficiency, with plans to enhance shareholder value through prudent acquisitions and operational improvements.
More about Modiv
Modiv Industrial, Inc. is an internally managed REIT that focuses on single-tenant net-lease industrial manufacturing real estate. The company acquires critical industrial manufacturing properties with long-term leases to tenants that support the national economy and supply chains.
YTD Price Performance: 3.61%
Average Trading Volume: 32,779
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $146.7M
For detailed information about MDV stock, go to TipRanks’ Stock Analysis page.