2024-05-30 12:12:30 ET
Summary
- Modiv Industrial is a REIT that has recently shifted its focus to industrial properties.
- The company has a limited history but has shown improvements in cash flow and a relatively healthy balance sheet.
- Modiv's future outlook depends on its ability to convert non-core assets into industrial properties and navigate potential risks to its major tenants.
- The pipeline of new deals is also slow for the time being, so only rent increases in the current leases will be the main source of dividend growth.
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Modiv Industrial: Unclear Growth But No Red Flags