Modiv Inc. is a Maryland corporation that acquires, owns and actively manages single-tenant net-lease retail, office and industrial properties throughout the United States, with a focus on strategically important and mission critical properties net leased primarily to investment grade tenants. As of November 1, 2021, they owned 38 properties, all of which are 100% owned except one tenant-in-common real estate investment in which they own approximately 72.7% (the “TIC Interest”), with approximately 2.2 million square feet of aggregate leasable space 100% leased to 31 different commercial tenants doing business in 14 separate industries in 14 states. They lease their properties to tenants pursuant to net leases with annual base rent for the next twelve months (“ABR”) of approximately $28.9 million. Approximately 70% of their tenants are investment grade, and their portfolio’s weighted average lease term (“WALT”) is 5.9 years, in each case as of November 1, 2021. Their portfolio consists of 13 retail properties, 14 office properties, and 11 industrial properties leased to 31 different commercial tenants in 14 separate industries across 14 states. Moving forward, they intend to reduce their exposure to office properties and increase weighted average lease term.

Industry
Reit

CEO	CFO
-

Employees	Founded
20	2015

Contacts

Address: 120 Newport Center Drive Newport Beach, Ca 92660

Telephone: (888) 686-6348

Web page: http://www.modiv.com

IPO information

First Trade Date	2/11/2022
Status	Priced
Exchange	NYSE
Lockup Period Expiration	.Pro
Quiet Period Expiration	.Pro
Old Price Range	-

Share prices ($)

Shares & Volumes

Shares Initial (MM)	0
Shares Revised (MM)	0
Expected offer amount (MM)	$84
Realized offer amount(MM)	$0

Financial Data (last reporting year)

Market Cap (MM)	$189.0
Revenues (MM)	$38.0
Net Income (Loss) (MM)	$

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B. Riley Securities
CO-Managers
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Sector: Real Estate

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Modiv (MDV)

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