Modiv (MDV) Misses Q1 EPS by 147c

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Go back to Modiv (MDV) Misses Q1 EPS by 147c

Modiv Announces First Quarter 2022 Results

May 16, 2022 6:25 AM EDT

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Modiv Inc. (Modiv or the Company) (NYSE: MDV), an internally managed real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of single-tenant net-lease real estate properties, today announced operating results for the first quarter ended March 31, 2022.

Highlights for the quarter ended March 31, 2022 including subsequent events:

Total revenue of $9.6 million, a 7% year-over-year increase AFFO of $3.0 million, or $0.39 per basic share and $0.29 per diluted share, a 33% year-over-year increase Acquired over $133 million of properties at a blended weighted average cap rate of... More