Modiv Inc.
MDV-PA
New York Stock Exchange25.29
USD
+0.07
- -
CIK
0001645873
ISIN
US60784B2007
CUSIP
60784B200
Return %
Stock
S&P500
1Y
3.39
26.53
3Y
13.00
76.60
5Y
1.12
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Aaron Scott Halfacre
- Full Time Employees
- 12
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 3080 Bristol Street Denver CA United States of America 92626
- IPO Date
- Sep 17, 2021
- CIK
- 0001645873
- Website
- modiv.com
- Similar Companies
- Business
- Modiv Industrial Inc (NYSE:MDV; MDV-PA) operates as an internally managed real estate investment trust focused exclusively on owning, acquiring, managing, leasing and disposing of single-tenant net-lease industrial manufacturing properties leased to tenants that support the national economy and supply chains; its portfolio includes critical manufacturing facilities with long weighted average lease terms exceeding 14 years, approximately 28% of tenants holding investment-grade credit ratings of BBB- or better, and annualized base rent of $38.9 million as of September 2025 across 43 properties throughout the United States. The company provides investors with monthly dividends from persistent income-producing assets emphasizing American manufacturing, supplemented by an unconsolidated investment in a real estate property and limited non-core holdings; it maintains a conservative balance sheet with 100% fixed-rate debt at a 4.27% weighted average interest rate, no maturities until January 2027, net debt to adjusted EBITDA of 6.9 times, and $38.3 million in liquidity including revolver capacity. Founded in 2015 and headquartered in Denver, Colorado, Modiv Industrial targets creditworthy middle-market tenants under long-term net leases with annual escalators, such as a recent five-year renewal with 2% annual escalations on its Northrop Grumman property in Melbourne, Florida. Recent developments include steady AFFO growth of 22% year-over-year to $0.36 per diluted share in Q3 2025, impairment charges on select real estate investments, plans to recycle approximately $150 million in non-core assets into higher-yielding opportunities for at least 100 basis points of AFFO accretion, and strategic patience amid market M&A activity like BlackRock's acquisition of ElmTree Funds and Starwood Trust's purchase of Fundamental Income.