Modiv reports Q1 AFFO 33c, consensus 31c

Reports Q1 revenue $1.79M, consensus $11.72M. CEO Aaron Halfacre said, “Financial performance came in as we planned and ahead of consensus. The same disciplined and patient execution that we like to deliver. We closed on the Jacksonville FL MSA property as we said we would. We didn’t acquire anything else given the market backdrop (seems foolish to try to catch a falling knife without having x-ray vision to see through the current cloud of price volatility)”.