Modiv (MDV) Misses Q2 EPS by 4c
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Modiv Industrial Announces Second Quarter 2024 Results
August 6, 2024 6:30 AM EDTÂ
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 second quarter ended June 30, 2024.
Highlights:
Second quarter rental income of $11.3 million. Due to the elimination of some non-NNN tenant reimbursements related to the August 2023 portfolio disposition of 13 properties, rental income decreased $493,000. Concurrently during the quarter, we benefited from an $834,000 decrease in property expenses and $179,000 decrease in G&A. Second quarter AFFO of $3.9... More