Modiv Industrial, Inc. Files 8-K with Financials and Disclosures

TL;DR

Modiv Industrial filed an 8-K on 3/18/24 covering financials and other events.

AI Summary

Modiv Industrial, Inc. filed an 8-K on March 18, 2024, reporting on various events. The filing includes information related to financial statements and exhibits, as well as other events and a Regulation FD disclosure. The company, formerly known as RW Holdings NNN REIT, Inc. and Modiv Inc., is incorporated in Maryland and headquartered in Reno, Nevada.

Why It Matters

This 8-K filing provides important updates and disclosures for Modiv Industrial, Inc., which could impact investor understanding of the company's current status and financial reporting.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting routine events and financial information, not indicating any immediate or unusual risks.

Key Players & Entities

• Modiv Industrial, Inc. (company) — Registrant
• RW Holdings NNN REIT, Inc. (company) — Former company name
• Modiv Inc. (company) — Former company name
• March 18, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.001 — which registered Class C Common Stock, $0.001 par value per share MDV New York Stoc
• $921,875 — dend on the Series A Preferred Stock of $921,875 for the first quarter of 2024, which wi
• $0.4609375 — f 2024, which will be paid at a rate of $0.4609375 per share on April 15, 2024 (the "First
• $0.09583 — ution on the Common Stock, at a rate of $0.09583 per share of Common Stock, which will b
• $1.15 — is equivalent to an annualized rate of $1.15 per share and consistent with the annua

Filing Documents

• cik0001645873-20240318.htm (8-K) — 40KB
• modivreit-20240318x_ex991x.htm (EX-99.1) — 8KB
• 0001645873-24-000036.txt ( ) — 212KB
• cik0001645873-20240318.xsd (EX-101.SCH) — 2KB
• cik0001645873-20240318_def.xml (EX-101.DEF) — 15KB
• cik0001645873-20240318_lab.xml (EX-101.LAB) — 27KB
• cik0001645873-20240318_pre.xml (EX-101.PRE) — 16KB
• cik0001645873-20240318_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Press Release On March 18, 2024, Modiv Industrial, Inc. (the "Company") issued a press release announcing (i) the declaration of a quarterly dividend for the first quarter of 2024 on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), and (ii) the declaration of monthly distributions on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for April, May and June 2024, a copy of which is attached hereto as Exhibit 99.1. The information set forth in Item 7.01 of this Current Report on Form 8-K and in the attached Exhibit 99.1 is deemed to be "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information set forth in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.

01. Other Events

Item 8.01. Other Events. Series A Preferred Stock Dividend Declared On March 1, 2024, the Company's Board of Directors (the "Board") authorized and the Company declared a dividend on the Series A Preferred Stock of $921,875 for the first quarter of 2024, which will be paid at a rate of $0.4609375 per share on April 15, 2024 (the "First Quarter Dividend"). The First Quarter Dividend will be payable to holders of record of the Company's Series A Preferred Stock as of the close of business on March 29, 2024. Monthly Distributions for Common Stock Declared On March 1, 2024, the Board authorized and the Company declared a distribution on the Common Stock, at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on April 30, 2024 (the "April Dividend"). The April Dividend will be payable on or about May 28, 2024. Also, on March 1, 2024, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on May 31, 2024 (the "May Dividend"). The May Dividend will be payable on or about June 25, 2024. Also, on March 1, 2024, the Board authorized and the Company declared a distribution on the Common Stock at a rate of $0.09583 per share of Common Stock, which will be payable to holders of record of the Common Stock as of the close of business on June 28, 2024 (the "June Dividend"). The June Dividend will be payable on or about July 25, 2024. The per share monthly distribution rate of $0.09583 per share of Common Stock is equivalent to an annualized rate of $1.15 per share and consistent with the annualized dividend rate paid since October 1, 2021. 3 Safe Harbor Statement There is no guarantee that the Company's Board will authorize, or that the Company will declare, additional dividends in the future, and the amount of futu

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Modiv Industrial, Inc. Press Release dated March 18, 2024 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MODIV INDUSTRIAL, INC. (Registrant) By: /s/ RAYMOND J. PACINI Name: Raymond J. Pacini Title: Chief Financial Officer Date: March 18, 2024

View Full Filing

View this 8-K filing on SEC EDGAR