Modiv Announces Second Quarter 2023 Results

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 second quarter ended June 30, 2023.

Highlights for the quarter and six months ended June 30, 2023 including subsequent events:

Total quarterly revenue increased 14% year-over-year to $10.4 million

Quarterly AFFO increased 18% year-over-year to $3.