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Modiv reports Q2 AFFO 38c, consensus 36c

Reports Q2 revenue $11.8M, consensus $11.86M. CEO Aaron Halfacre said, “I don’t know about you but Q2 of 2025 left me feeling a bit dizzy – like I spent too much time on a high speed merry-go-round. The sheer volume of events that happened over the quarter was mind-numbing. The bombing of Iran and the end of the Trump-Musk bromance feel like ancient history. Everyday seems to be a new sensational headline. Meanwhile, the Fed pissing match ensues, tariff speculation remains rampant, tech stocks and crypto continue to defy gravity, and the REIT sector seems stuck in a perpetual toilet swirl. Yet, here at Modiv (MDV), it was calm, steady and decidedly non-dizzying. In fact, you might call this quarter flat out boring. We stuck to our discipline, worked our patience and tended to the details. No flash, no bang, needed to deliver the 22% year-over year increase in quarterly results”.

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