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Modiv Industrial Increases AFFO and Retires Preferred Shares

1. Modiv Industrial has retired 7.5% of its Series A Preferred shares. 2. The retirement reflects a strategic financial maneuver affecting yield.

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FAQ

Why Bullish?

Retiring preferred shares generally indicates strong financial health and boosts investor confidence. Historical cases, such as REITs successfully managing preferred shares, have often led to price appreciation.

How important is it?

The strategic buyback and retirement of shares signal operational strength and may enhance yields, influencing MDV's market position. Investors often react positively to such moves, contributing to price stability and growth.

Why Short Term?

The immediate financial update may attract investors quickly, affecting stock price in the near term. Similar short-term impacts were seen recently with other REITs that executed share buybacks.

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SPGOLNTPLD
DENVER--(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 provided a financial update. Highlights: Retires 7.5% of Modiv's Series A Preferred shares at a 6% discount to par value. The 150,000 preferred share acquisition at $23.50 per share, for a total of $3.525 million, represents a 7.85% annual yield and a 13.45% yield to call. Increa.

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