Tranche Update on Modiv Industrial, Inc.'s Equity Buyback Plan announced on December 22, 2022.
August 14, 2023 at 09:05 am
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From April 1, 2023 to June 30, 2023, the company has repurchased 88,892 shares, representing 1.17% for $1.08 million. With this, the company has completed the repurchase of 93,357 shares, representing 1.23% for $1.13 million under the buyback announced on December 22, 2022.
Modiv Industrial, Inc. is an internally managed real estate investment trust (REIT), which is focused on single-tenant net-lease industrial manufacturing real estate. The Company acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chain. The Company also owns non-core, legacy retail and office real estate properties. It seeks to provide investors with access to monthly dividends through a durable portfolio of real estate investments designed to generate both current income and long-term growth. Its real estate investment portfolio consisted of 44 properties, including two properties held for sale. Its portfolio is distributed across 16 states and consists of 39 industrial properties, one retail property and four office properties.
MODIV INDUSTRIAL, INC. 
