Modiv ( (MDV) ) has issued an announcement.
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Modiv Industrial, the only public REIT focused on acquiring industrial manufacturing real estate, reported a promising third quarter with AFFO at 34 cents per share, exceeding expectations. The company executed lease extensions in key locations, raised $3.9 million, and announced plans to issue $6 million in OP units for a new acquisition. They also increased their annual dividend rate, showcasing their commitment to financial growth and investor returns.
Learn more about MDV stock on TipRanks’ Stock Analysis page.