Modiv REIT's Q2 AFFO rises 22%

Modiv Industrial

07/08/2025 11:10

Overview

Modiv Q2 2025 revenue misses analyst expectations, per LSEG data

AFFO for Q2 rises 22% yr/yr, beating consensus estimates

Co renews 5-year lease with Northrop Grumman, 2% annual escalations

Outlook

Modiv sees lenders more willing to lend, aiding refinancing and acquisitions

Company plans asset recycling to boost AFFO growth by 100 basis points

Modiv notes increased REIT market activity, signaling potential M&A opportunities

Modiv notes a lending thaw and increased acquisition activity in the REIT sector

Result Drivers

LEASE RENEWAL - 5-year lease renewal with Northrop Grumman, including 2% annual escalations, contributed to AFFO growth

DISCIPLINED MANAGEMENT - CEO attributes 22% yr/yr AFFO increase to disciplined management and strategic focus

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$11.80 mln
$11.90 mln (4 Analysts)
Q2 Adjusted FFO
Beat
$4.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Modiv Industrial Inc is $17.50, about 17.5% above its August 6 closing price of $14.44

The stock recently traded at 129 times the next 12-month earnings vs. a P/E of 197 three months ago

Press Release: ID:nBw4X50zFa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)