Modiv Industrial, Inc. · NYSE:MDV
Modiv Industrial — Modiv — Q1 2021 Earnings Presentation
18 slides from Modiv Industrial's earnings presentation, May 19, 2021
Slide 1: Investor Presentation Q1 2021
Investor Presentation Q1 2021
Slide 2: Disclosure Slide
Disclosure Slide These materials are provided for informational purposes only, and under no circumstances may any information contained herein be construed as investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any Modiv program or offering. Alternative inves
Slide 3: Multiple Levers of Value Creation
Multiple Levers of Value Creation Investment ManagerManager of alternative real estate products to provide revenue to Modiv and increase franchise value Crowdfunding PlatformFintech platform magnifies access to investors and offers scalable and economical capital raise capabilities Growth Income + G
Slide 4: Modiv by the Numbers
Modiv by the Numbers 38commercial properties 12retail 14office 12industrial $400+ millionassets under management 7,500+investors 2.3 millionSF of leasable space 4 venture capitalinvestments $0fees2 $35.8M dividendspaid since inception1 1. Total distributions for Modiv’s Class C and S shares combined
Slide 5: Investments Overview
Investments Overview
Slide 6: Durable Real Estate Portfolio
Durable Real Estate Portfolio Properties 38 Square Footage (msf) 2.3 Total Tenants 31 Annualized Base Rent ($m) $29.1 Top Ten Tenants (% of ABR) 55% Tenant Industries 13 Occupancy (%) 100% Cash Rent Collection (% of ABR) 100% Investment Grade-Rated1 (% of ABR) 67% Contractual Rent Bumps (% of ABR) 8
Slide 7: Key Portfolio Metrics
Key Portfolio Metrics Top 5 Tenantsby Annual Base Rent 8.7% (S&P A+) 7.7% (NR) 7.7% (S&P A+) 5.3% (S&P AA-) 5.5% (NR) As of March 31, 2021 Modiv Inc. is not affiliated with, associated with, or a sponsor of any of the businesses pictured or mentioned. The names, logos and all related product and ser
Slide 8: Quarterly Activity
Quarterly Activity LeasingNotable lease extensions included five-year renewals with Northrop Grumman in Florida, and two Dollar Generals in Ohio. FinancingFour properties were re-financed totaling $12M with a weighted average rate of 3.4% and over five-years of average term to maturity.DispositionsA
Slide 9: Quarterly Estimated NAV
Quarterly Estimated NAV 1. Estimated per share NAVs reflect the 1:3 reverse stock split effective February 1, 2021. $24.61Estimated NAV per shareAs of March 31, 2021 17%Increase since April 2020 Net Asset Value per Share (April 2020) $21.01 Real Estate ($0.28) Cash $0.62 Other Assets $0.01 Total Rea
Slide 10: Investment Overview
Investment Overview As of March 31, 2021 Share Price (NAV) $24.61 Dividend1 $1.05/share Annualized Distribution Rate1 4.3% Shares Outstanding 8.7 mm Distributions Paid Since Inception1 $35.8 mm 1. There is no guarantee that distributions will be paid.
Slide 11: Quarterly Commentary
Quarterly Commentary
Slide 12: Market Outlook and Portfolio Outlook
Since the onset of the pandemic, selected sectors of real estate have proven resilient. Our focus will remain on mission critical and operationally integral assets as we expand our portfolio. – David Collins, Chief Property Officer Market OutlookFederal Reserve policy and the continued availability
Slide 13: Modiv Quarterly Update Highlights
Modiv Quarterly Update HighlightsCompleted name change to Modiv Inc. | 1:3 reverse stock splitPublished $24.61 NAV, ~7% increase from prior quarter | increase due to contractual rent increases, asset sales above stated value and broader market recoveryOpportunistic sale of three properties | ~5% abo
Slide 14: Appendix
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Slide 15: Executive Team & Board of Directors
Executive Team & Board of Directors Name Title Years of Relevant Experience Ray Wirta Chairman 50 Aaron Halfacre Chief Executive Officer 25 Ray Pacini Chief Financial Officer 40 Bill Broms Chief Investment Officer 19 Mitchell Germain Chief Capital Officer 20 David Collins Chief Property Officer 35 S
Slide 16: Investments
Investments Property City, State Product Type Sq.Ft. Investment Grade1 Purchase Date 3M DeKalb, IL Industrial 410,400 Y 3/29/2018 Accredo Health Orlando, FL Office 63,000 Y 6/15/2016 Amec Foster Wheeler San Diego, CA Industrial 37,449 N 7/20/2016 AvAir Chandler, AZ Industrial 162,714 N 12/28/2017 Bo
Slide 17: Investments (cont'd)
Investments (cont’d) Property City, State Product Type Sq.Ft. Investment Grade1 Purchase Date FUJIFILM Dimatix (72.71%) Santa Clara, CA Industrial 91,740 Y 9/28/2017 Gap Rocklin, CA Office 40,110 N 12/1/2016 GSA - Mine Safety & Health Vacaville, CA Office 11,014 Y 4/5/2016 Harley Davidson Bedford, T
Slide 18: www.modiv.com
www.modiv.com | 888.686.6348120 Newport Center Drive | Newport Beach, CA 92660 Securities offered through North Capital Private Securities | Member FINRA / SIPC