Modiv Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 06:45 am EDT
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Modiv Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 10.31 million compared to USD 9.57 million a year ago. Net loss was USD 3.76 million compared to USD 10.15 million a year ago.
Basic loss per share from continuing operations was USD 0.62 compared to USD 1.47 a year ago.
Modiv Industrial, Inc. is an internally managed real estate investment trust (REIT), which is focused on single-tenant net-lease industrial manufacturing real estate. The Company acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chain. The Company also owns non-core, legacy retail and office real estate properties. It seeks to provide investors with access to monthly dividends through a durable portfolio of real estate investments designed to generate both current income and long-term growth. Its real estate investment portfolio consisted of 44 properties, including two properties held for sale. Its portfolio is distributed across 16 states and consists of 39 industrial properties, one retail property and four office properties.
MODIV INDUSTRIAL, INC. 
