• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Modiv Industrial Declares Distribution of GIPR Common Shares

    12/29/23 6:21:00 PM ET
    $GIPR
    $MDV
    Real Estate Investment Trusts
    Real Estate
    Real Estate Investment Trusts
    Real Estate
    Get the next $GIPR alert in real time by email

    Management Provides Forward-Looking Thoughts

    Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced the declaration of a stock distribution of Generation Income Properties, Inc. (NASDAQ:GIPR), common stock to the stockholders of Modiv Industrial.

    On December 29, 2023, Modiv Industrial received GIPR's notice that on January 31, 2024, it will redeem the GIPR Series A Preferred Stock that the Company received as partial consideration for its August 2023 sale of 13 retail and office properties to GIPR. Under the contractual agreement with GIPR, Modiv Industrial and Modiv Operating Partnership, LP ("Modiv OP"), will receive 2,794,597 shares of GIPR common stock in exchange for retiring the outstanding 2,400,000 shares of GIPR Series A Preferred Stock. Modiv Industrial and its affiliates, including Modiv OP, will retain approximately 5% of the GIPR common stock received and distribute the remaining shares of GIPR common stock to Modiv Industrial's common stockholders and holders of Class C units of Modiv OP, which will be payable to holders of record as of the close of business on January 17, 2024. Modiv Industrial's common stockholders and holders of Modiv OP's Class C Units will receive 0.28 shares of GIPR common stock for each share of Modiv Industrial common stock or Modiv OP Class C Unit they own as of the record date and this stock distribution will be payable on or about January 31, 2024. No fractional shares of GIPR common stock will be distributed on Modiv Industrial common stock or Modiv OP Class C Units and, instead, as to any fractional shares, the Company will round down to the nearest whole share of GIPR common stock. The distribution is subject to the Securities and Exchange Commission (the "SEC") declaring GIPR's registration statement on Form S-11 effective, which is expected by mid-January.

    Based on GIPR's most recent closing price, the distribution of 0.28 shares of GIPR common stock for each outstanding share of Modiv's Class C common stock and Class C Units of Modiv OP equates to a one-time dividend of $1.11 of GIPR stock, which represents a special dividend yield of 7.4% based on MDV's most recent closing price. For those who don't know, GIPR is also a monthly dividend paying stock that currently pays an annualized dividend of approximately $0.468 per share. If the current dividend rates of GIPR common stock and Modiv common stock remain constant in the future, Modiv stockholders, over a twelve-month period, could potentially receive $1.15 (MDV's current annualized cash dividend) + $1.11 (GIPR shares) + $0.13 (GIPR's current annualized cash dividend) for a potential total of $2.39 – which equates to a 16% total annualized dividend yield based on Modiv's most recent closing price.

    "I sincerely hope that everyone reading this has had an enjoyable holiday season spent with family and friends. From the release of third quarter results in November until the release of our 10-K, we have a relatively long period of time between financial filings – the windows where we normally provide business updates. As such, we felt it appropriate to utilize this dividend press release to also provide select updates to our most recent business outlook shared in November. Barring anything material, we do not anticipate providing another business update until the filing of our 10-K. Regardless of the time between updates, rest assured that we are working diligently to execute upon all of our objectives.

    Business Outlook:

    Dispositions – Though still subject to contingencies that may not be fulfilled, we have now entered into three separate legal agreements to sell two of our non-core office properties as well as one of our industrial distribution centers. Specifically, we are under contract to sell our properties currently leased to Cummins located in Nashville, TN, and Levins located in Sacramento, CA. Should the contingencies be met, and there is no assurance they will be, these properties are scheduled to close in 1Q24. Additionally, we are under a letter of intent, and finalizing a purchase contract, with a nationally recognized homebuilder to sell our property currently leased to Costco located in Issaquah, WA. It is contemplated that the property would not sell until 2025. We also have a back-up letter of intent from another nationally recognized homebuilder.

    Should we find success with our two anticipated first quarter closings, then we would seek to redeploy the sales proceeds into new property acquisitions. At this time, we have explored numerous potential opportunities in our pipeline with indicated cash cap rates greater than 8%.

    Strategic Partner – Since our most recent update, we have now entered into nine separate nondisclosure agreements with a list of potential strategic partners and have provided them access to our due diligence items. As a reminder, our proposed ideal arrangement is a joint venture that would be conducive to the long-term increase in our tradeable float and market capitalization. We recognize that what we want from a joint venture might not be what a potential strategic partner wants – if any proposal isn't viable for all parties, then we won't do it.

    As we close out 2023, it is easy to look back on the year and see all of the transformational execution our team was able to deliver. I am very thankful for our team, our investors and all of our stakeholders. We look forward to delivering more results in 2024." – Aaron Halfacre, CEO of Modiv Industrial.

    About Modiv Industrial

    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. Driven by an investor-first focus, Modiv Industrial has over $600 million in real estate assets (based on estimated fair value) comprising more than 4.5 million square feet of aggregate leasable area. For more information, please visit: www.modiv.com.

    Forward-looking Statements

    Certain statements contained in this press release, other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to pending dispositions, potential joint ventures, annualized dividend rates, future distributions and distributions declared by the Company's board of directors. Such forward-looking statements are subject to various risks and uncertainties, including but not limited to those described under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 13, 2023. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the Company's other filings with the SEC. Any forward-looking statements herein speak only as of the time when made and are based on information available to the Company as of such date and are qualified in their entirety by this cautionary statement. The Company assumes no obligation to revise or update any such statement now or in the future, unless required by law.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20231229064817/en/

    Get the next $GIPR alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $GIPR
    $MDV

    CompanyDatePrice TargetRatingAnalyst
    Modiv Industrial Inc.
    $MDV
    4/22/2025$18.00Buy
    B. Riley Securities
    Modiv Industrial Inc.
    $MDV
    4/29/2024$18.00Buy
    Alliance Global Partners
    Modiv Industrial Inc.
    $MDV
    9/30/2022$20.00Buy
    Janney
    Modiv Industrial Inc.
    $MDV
    6/6/2022$22.00Buy
    Colliers Securities
    Modiv Industrial Inc.
    $MDV
    3/30/2022$24.00Buy
    B. Riley Securities
    More analyst ratings

    $GIPR
    $MDV
    SEC Filings

    View All

    SEC Form 10-Q filed by Generation Income Properties Inc.

    10-Q - GENERATION INCOME PROPERTIES, INC. (0001651721) (Filer)

    8/15/25 5:21:09 PM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    SEC Form NT 10-Q filed by Generation Income Properties Inc.

    NT 10-Q - GENERATION INCOME PROPERTIES, INC. (0001651721) (Filer)

    8/15/25 9:20:08 AM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    Generation Income Properties Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

    8-K - GENERATION INCOME PROPERTIES, INC. (0001651721) (Filer)

    8/13/25 4:15:31 PM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Modiv Industrial Announces Second Quarter 2025 Results

    Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the second quarter ended June 30, 2025. Highlights: Second quarter 2025 revenue of $11.8 million and net loss attributable to common stockholders of $(2.8) million. Second quarter AFFO of $4.8 million, or $0.38 per diluted share, a 22% year-over year increase, beating consensus estimates. 5-year lease renewal with 2% annual escalations on our Northrop Grumman property located in Melbourne, Florida. The following is a statement from Aaron Halfacre, CEO of Modiv Industri

    8/7/25 6:00:00 AM ET
    $BLK
    $CIO
    $MDV
    Investment Bankers/Brokers/Service
    Finance
    Real Estate Investment Trusts
    Real Estate

    Modiv Industrial To Report Second Quarter 2025 Results on August 7, 2025

    Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter ended June 30, 2025 before the market opens on Thursday, August 7, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-800-717-1738 or 1-646-307-1865 at 11:00 a.m. Eastern Time, Thursday, August 7, 2025. Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1728161&tp_key=435cf678e4 or visit the investor relation

    7/25/25 3:15:00 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    Resurgent Realty Trust Issue Position Statement Regarding Generation Income Properties, Inc. ("GIPR")

    VIRGINIA BEACH, Va., June 25, 2025 (GLOBE NEWSWIRE) --  Resurgent Realty Trust ("RRT"), a shareholder of Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company"), issue the following position statement regarding the continued mismanagement of GIPR and failure of its board of directors to fulfill their fiduciary duty. "This is absolute insanity"…. Borrowing $1.1M for "general corporate purposes", which is really G&A and not investments, principal curtailments or a share repurchase program is operating with a complete disregard for fiscal responsibility to and on behalf of the shareholders. https://ir.gipreit.com/sec-filings/all-sec-filings/content/0000950170-25-088517/

    6/25/25 11:16:01 AM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Smith Kimberly J acquired $1,407 worth of shares (99 units at $14.27), increasing direct ownership by 0.68% to 14,575 units (SEC Form 4)

    4 - MODIV INDUSTRIAL, INC. (0001645873) (Issuer)

    8/15/25 9:19:10 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    CEO and President Halfacre Aaron Scott acquired $11,930 worth of shares (833 units at $14.32), increasing direct ownership by 0.68% to 123,181 units (SEC Form 4)

    4 - MODIV INDUSTRIAL, INC. (0001645873) (Issuer)

    8/15/25 9:16:52 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    Director Gingras Christopher Raymond acquired $898 worth of shares (61 units at $14.65), increasing direct ownership by 0.66% to 9,285 units (SEC Form 4)

    4 - MODIV INDUSTRIAL, INC. (0001645873) (Issuer)

    8/15/25 8:55:14 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    CEO and President Halfacre Aaron Scott bought $7,050 worth of shares (500 units at $14.10), increasing direct ownership by 0.41% to 121,501 units (SEC Form 4)

    4 - MODIV INDUSTRIAL, INC. (0001645873) (Issuer)

    6/27/25 5:09:12 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    CEO and President Halfacre Aaron Scott bought $1,819 worth of shares (129 units at $14.10), increasing direct ownership by 0.11% to 121,001 units (SEC Form 4)

    4 - MODIV INDUSTRIAL, INC. (0001645873) (Issuer)

    6/26/25 6:37:06 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    Director Gingras Christopher Raymond bought $5,695 worth of shares (400 units at $14.24), increasing direct ownership by 5% to 8,096 units (SEC Form 4)

    4 - MODIV INDUSTRIAL, INC. (0001645873) (Issuer)

    6/25/25 4:56:10 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    B. Riley Securities resumed coverage on Modiv with a new price target

    B. Riley Securities resumed coverage of Modiv with a rating of Buy and set a new price target of $18.00

    4/22/25 7:33:52 AM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    Alliance Global Partners initiated coverage on Modiv with a new price target

    Alliance Global Partners initiated coverage of Modiv with a rating of Buy and set a new price target of $18.00

    4/29/24 7:55:07 AM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    Janney initiated coverage on Modiv with a new price target

    Janney initiated coverage of Modiv with a rating of Buy and set a new price target of $20.00

    9/30/22 8:56:32 AM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Financials

    Live finance-specific insights

    View All

    Modiv Industrial Announces Second Quarter 2025 Results

    Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the second quarter ended June 30, 2025. Highlights: Second quarter 2025 revenue of $11.8 million and net loss attributable to common stockholders of $(2.8) million. Second quarter AFFO of $4.8 million, or $0.38 per diluted share, a 22% year-over year increase, beating consensus estimates. 5-year lease renewal with 2% annual escalations on our Northrop Grumman property located in Melbourne, Florida. The following is a statement from Aaron Halfacre, CEO of Modiv Industri

    8/7/25 6:00:00 AM ET
    $BLK
    $CIO
    $MDV
    Investment Bankers/Brokers/Service
    Finance
    Real Estate Investment Trusts
    Real Estate

    Modiv Industrial To Report Second Quarter 2025 Results on August 7, 2025

    Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced that it will report financial results for the quarter ended June 30, 2025 before the market opens on Thursday, August 7, 2025. Management will host a conference call the same day at 11:00 a.m. Eastern Time to discuss the results. Live conference call: 1-800-717-1738 or 1-646-307-1865 at 11:00 a.m. Eastern Time, Thursday, August 7, 2025. Webcast: To listen to the webcast, either live or archived, use this link https://viavid.webcasts.com/starthere.jsp?ei=1728161&tp_key=435cf678e4 or visit the investor relation

    7/25/25 3:15:00 PM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common Shareholders

    Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the second quarter of 2025 and the declaration of a regular monthly cash distribution of $0.0975 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of July, August and September 2025, representing an annual distribution rate

    6/18/25 6:00:00 AM ET
    $MDV
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G/A filed by Generation Income Properties Inc. (Amendment)

    SC 13G/A - GENERATION INCOME PROPERTIES, INC. (0001651721) (Subject)

    2/14/24 4:33:00 PM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    SEC Form SC 13G/A filed by Generation Income Properties Inc. (Amendment)

    SC 13G/A - GENERATION INCOME PROPERTIES, INC. (0001651721) (Subject)

    2/14/24 4:28:14 PM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    SEC Form SC 13G/A filed by Generation Income Properties Inc. (Amendment)

    SC 13G/A - GENERATION INCOME PROPERTIES, INC. (0001651721) (Subject)

    2/16/23 4:20:20 PM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate

    $GIPR
    $MDV
    Leadership Updates

    Live Leadership Updates

    View All

    Resurgent Realty Trust Issues Open Letter to Fellow Generation Income Properties, Inc. ("GIPR") Shareholders

    VIRGINIA BEACH, Va., June 02, 2025 (GLOBE NEWSWIRE) -- Resurgent Realty Trust ("RRT"), a shareholder of Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company"), issued an open letter urging fellow GIPR shareholders to join Resurgent in seeking accountability and engagement by the Board of Directors. As a shareholder of GIPR, RRT continues to believe significant, unrealized value exists and has continued to make efforts to establish a constructive dialogue with GIPR management and Board. RRT is proposing to acquire majority ownership of GIPR, thereby allowing it to effect a change in Board composition, senior management and the Company's strategic direction. The full tex

    6/2/25 9:00:00 AM ET
    $GIPR
    Real Estate Investment Trusts
    Real Estate