Modiv (MDV) Misses Q3 EPS by 72c
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Modiv Industrial Announces Third Quarter 2023 Results
November 13, 2023 7:00 AM ESTManagement Provides Forward-Looking Thoughts
RENO, Nev.--(BUSINESS WIRE)-- Modiv Industrial, Inc. (Modiv Industrial, Modiv, the Company, we or our), (NYSE: MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the third quarter ended September 30, 2023.
Key Financial Highlights:
21% year-over-year increase in revenue generating $12.5 million compared with $10.3 million in the year-ago quarter. 19% year-over-year increase in AFFO netting $3.7 million compared with $3.1 million in the year-ago quarter. $10 million reduction in leverage and a 14% reduction in net debt to... More