Modiv Industrial reports Q3 revenue of $11.7 million and net income of $0.3 million

Reuters
Nov 15, 2025
Modiv Industrial reports Q3 revenue of $11.7 million and net income of $0.3 million

Modiv Industrial Inc. reported revenue of $11.7 million and net income attributable to common stockholders of $0.3 million for the third quarter ended September 30, 2025. Adjusted funds from operations (AFFO) increased by 22% to $4.5 million ($0.36 per diluted share) compared to $3.7 million in the same quarter of the previous year. The AFFO increase reflects a $0.3 million decrease in general and administrative expenses, a $0.1 million decrease in property expenses, a $0.4 million decrease in cash interest expense, and a $0.1 million decrease in preferred stock dividends. The company's focus remains on recycling select assets, improving AFFO, increasing weighted average lease term (WALT), and strengthening the balance sheet.

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