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Modiv (MDV)
NYSE:MDV
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: 3.62%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable achievements in AFFO performance, cost management, and interest rate handling, challenges such as revenue decline, high leverage, and market uncertainty were significant. The sentiment leans towards cautious optimism but is tempered by existing challenges.Company Guidance
In the fourth quarter and full year 2024 earnings call for Modiv Inc., management provided key financial metrics and guidance for the upcoming year. Revenue for the fourth quarter was reported at $11.7 million, with an adjusted funds from operations (AFFO) of $4.1 million, equating to $0.37 per diluted share. For the full year, the company achieved rental income of $46.5 million and an AFFO of $14.99 million, or $1.34 per diluted share. The company's portfolio, comprising 43 properties, generated an annualized base rent of $39.6 million, with a weighted average lease term of 13.8 years. As of the end of 2024, Modiv's total cash and cash equivalents stood at $11.5 million, with $280 million in debt, fully hedged at a fixed interest rate of 4.27%. The company also reduced its revolving credit facility from $150 million to $30 million to save on unused fees. Modiv declared a cash dividend of $0.0975 per share for the first quarter of 2025, representing an annualized yield of 7.5% based on the stock's closing price of $15.55 as of March 3, 2025. The management emphasized their cautious approach to acquisitions, focusing on opportunities that align with long-term strategic goals and maintaining a strong balance sheet to navigate the current economic landscape.Solid AFFO Performance
Fourth quarter Adjusted Funds From Operations (AFFO) was $4.1 million, translating to $0.37 per diluted share, which is $0.08 above the average analyst estimates.
Successful Cost Management
A $300,000 decrease in general and administrative expenses was achieved primarily due to reduced employee compensation.
Interest Rate Management
100% of indebtedness as of December 31, 2024, is at a fixed interest rate with a weighted average interest rate of 4.27% due to interest rate swap agreements.
Dividend Yield
A cash dividend for common shareholders was declared, representing an annualized dividend rate of $1.17 per share, yielding 7.5% based on the stock price.
Acquisition Opportunities
Multiple opportunities for property expansion and development were identified, with potential for significant AFFO growth.
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MDV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MDV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $15.45 | $14.67 | -5.05% |
| Nov 06, 2024 | $16.29 | $16.55 | +1.60% |
| Aug 06, 2024 | $14.06 | $14.24 | +1.28% |
| May 02, 2024 | $13.91 | $14.14 | +1.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Modiv (MDV) report earnings?
Modiv (MDV) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Modiv (MDV) earnings time?
Modiv (MDV) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MDV EPS forecast?
MDV EPS forecast for the fiscal quarter 2025 (Q1) is -0.17.
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