Jul. 4 at 11:08 AM
$MDV is flying under the radar. A pure-play REIT focused on mission-critical manufacturing.
https://seekingalpha.com/article/4799234-modiv-industrial-a-mispriced-pure-play-in-mission-critical-net-lease
• 98% occupancy
• 13.8 yr WALT (Average Lease Time)
• 34% of rent from investment-grade tenants
• Monthly dividend (~8%)
• 8.5% insider ownership
• Trading at 9.6x FFO
Top 2 tenants = 24% of rent, but management is recycling non-core assets. If rates ease, this could double in 5 years.