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

Modiv Industrial (NYSE:MDV) posted its quarterly earnings results on Tuesday. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17, Zacks reports. Modiv Industrial had a net margin of 6.72% and a return on equity of 1.42%.

Modiv Industrial Stock Up 1.3 %

Modiv Industrial stock opened at $15.41 on Tuesday. The company’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $15.80. Modiv Industrial has a 12 month low of $13.69 and a 12 month high of $18.11. The stock has a market cap of $148.62 million, a P/E ratio of -140.06 and a beta of -0.21.

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.