The earnings call presented a positive view of the company's financial performance with growth in revenue and AFFO. However, it also highlighted concerns over share price volatility and challenges in executing growth strategies. The sentiment is balanced between the achievements in financial stability and growth and the frustrations and challenges faced.

Company Guidance -

Q3 2025

In the second quarter of 2025, Modiv Industrial, Inc. reported a revenue increase to $11.8 million from $11.4 million in the prior year, driven by acquiring two industrial properties. The adjusted funds from operations (AFFO) grew by 22% to $4.8 million, reflecting a $576,000 rise in cash rents, a $217,000 reduction in general and administrative expenses, and a $126,000 decrease in preferred stock dividends. The AFFO per share increased by 12% to $0.38, despite a rise in diluted shares outstanding. The company maintained a weighted average lease term of 14.4 years across its 43-property portfolio, with 81% of its $39 million annualized base rent coming from industrial properties. As of June 30, 2025, Modiv held $5.8 million in cash and had $280 million in outstanding debt, all at a fixed interest rate of 4.27% due to interest rate swaps. The Board declared a cash dividend of $0.0975 per common share, leading to an annualized dividend rate of $1.17 per share, yielding 8.1% based on the stock's closing price of $14.44.

Revenue Growth

Revenue for the second quarter was $11.8 million, a 4% increase from $11.4 million in the prior year period, driven by acquisitions of two industrial manufacturing properties.

AFFO and Per Share Increase

Second quarter adjusted funds from operations (AFFO) was $4.8 million, up 22% from the previous year's $3.9 million. AFFO per share increased by 12% from $0.34 to $0.38.

Cash Interest Expense Reduction

Cash interest expense for the quarter was $255,000 less than the comparable period of 2024, due to a decrease in the weighted average fixed rate and unused commitment fees.

Strong Leasing Portfolio

The portfolio has a weighted average lease term of 14.4 years, with 29% of tenants having an investment-grade credit rating. The annualized base rent totals $39 million.

Financial Stability

Total cash and cash equivalents were $5.8 million, with $30 million available on the revolver, and no debt maturities until January 2027.

Modiv (MDV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MDV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 17, 2025	2025 (Q3)	0.01 / -	-0.18	―	―	―
Aug 07, 2025	2025 (Q2)	0.03 / -0.32	0.03	-1166.67% (-0.35)	―
May 07, 2025	2025 (Q1)	-0.09 / -0.01	0.33	-103.03% (-0.34)	―
Mar 04, 2025	2024 (Q4)	-0.07 / 0.07	-0.29	124.14% (+0.36)	―
Nov 06, 2024	2024 (Q3)	0.03 / -0.18	-0.794	77.33% (+0.61)	―
Aug 06, 2024	2024 (Q2)	-0.05 / 0.03	0.323	-90.71% (-0.29)	―
May 02, 2024	2024 (Q1)	0.03 / 0.33	-0.572	157.69% (+0.90)	―
Mar 04, 2024	2023 (Q4)	0.03 / -0.29	-0.018	-1511.11% (-0.27)	―
Nov 13, 2023	2023 (Q3)	-0.13 / -0.79	0.323	-345.82% (-1.12)	―
Aug 14, 2023	2023 (Q2)	-0.02 / 0.32	0.129	150.39% (+0.19)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MDV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$14.44	$14.45	+0.07%
May 07, 2025	$14.28	$14.32	+0.28%
Mar 04, 2025	$15.05	$14.29	-5.05%
Nov 06, 2024	$15.87	$16.12	+1.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Modiv (MDV) report earnings?

Modiv (MDV) is schdueled to report earning on Nov 17, 2025, After Close (Confirmed).

What is Modiv (MDV) earnings time?

Modiv (MDV) earnings time is at Nov 17, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MDV EPS forecast?

MDV EPS forecast for the fiscal quarter 2025 (Q3) is 0.01.

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