Modiv Inc. Class C ( (MDV) ) has released its Q1 earnings. Here is a breakdown of the information Modiv Inc. Class C presented to its investors.
Modiv Industrial, Inc., a Maryland-based company, specializes in owning and managing single-tenant long-term net-lease properties, primarily in the industrial sector, and is listed on the New York Stock Exchange under the symbol MDV. In its latest earnings report for the quarter ending March 31, 2025, Modiv Industrial, Inc. reported total revenue of $11.8 million, a slight decrease from the previous year, with net income attributable to common stockholders at $2, compared to $2,802 in the same period last year. The company saw a decrease in operating income to $4.7 million from $6.7 million, primarily due to higher interest expenses and a reduction in gains from real estate sales. Modiv’s real estate investments grew slightly to $474.1 million, with a new acquisition in Jacksonville, Florida, and a sale in Endicott, New York. The company also repurchased 205,000 shares of its Series A Preferred Stock for $4.9 million. Looking ahead, Modiv Industrial, Inc. remains focused on strategic acquisitions and managing its portfolio to enhance shareholder value, while navigating market conditions and maintaining financial stability.