Overview

* Modiv Q3 revenue slightly missed analyst expectations

* Adjusted FFO for Q3 beat consensus estimates

Outlook

* Company plans to recycle select assets to improve AFFO and strengthen balance sheet

* Modiv sees potential inflection points in REIT market due to investor fatigue

Result Drivers

* COST REDUCTIONS - Decrease in G&A, property expenses, and interest expenses contributed to 22% increase in AFFO

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $11.7 $11.8

Revenue Miss* mln mln (3

Analysts

)

Q3 Beat $4.5 mln $0.34 (4

Adjusted Analysts

FFO )

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Modiv Industrial Inc ( MDV ) is $17.75, about 17.7% above its November 13 closing price of $14.60

* The stock recently traded at 140 times the next 12-month earnings vs. a P/E of 124 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)