Modiv Industrial (NYSE:MDV) Releases Earnings Results, Beats Estimates By $0.17 EPS

Modiv Industrial (NYSE:MDV - Get Free Report) posted its earnings results on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.17, Zacks reports. The firm had revenue of $11.66 million during the quarter, compared to analysts' expectations of $11.39 million. Modiv Industrial had a return on equity of 1.42% and a net margin of 6.72%.

Modiv Industrial Stock Performance

NYSE MDV traded up $0.05 during trading hours on Friday, reaching $16.07. 79,455 shares of the company's stock were exchanged, compared to its average volume of 30,263. The company has a market capitalization of $154.98 million, a price-to-earnings ratio of -146.06 and a beta of -0.22. The company's 50-day moving average is $14.92 and its two-hundred day moving average is $15.81. Modiv Industrial has a one year low of $13.69 and a one year high of $18.11.

Modiv Industrial Company Profile

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.