Slide 1: Nareit Presentation
MODIV.! NAREIT PRESENTATION
Slide 2: Disclosure
DISCLOSURE MODIVi!" Certain statements contained in this presentation and the accompanying oral presentation, other than historical facts, may be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the “Securities Act"), Section 2E of the Securities an
Slide 3: Introduction to Today's Speakers
INTRODUCTION TO TODAY'S SPEAKERS MODIVt asoned Real Estate Executives at the Helm Aaron Halfacre, CFA, CAIA President & Chief Executive Officer 25+ years of real estate experience Previously in leadership roles at Campus Crest Communities, VEREIT, Cole Real Estate Investments, BlackRock and Green St
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS MODIV.t" Modiiv is Built for Intelligent Growth KS KS KS ESBS) Experienced Leadership Team with a History of Execution and Transformation Proactive Investment Strategy Focused on Value Creation and AFFO Growth Diversified and Reliable Real Estate Portfolio Supports Our Monthly
Slide 5: Modiv's History of Execution
MODIV’S HISTORY OF EXECUTION nsformed the Cor ny and Doubled the Portfolio MODIVi!" Transformation commences [ $255M" $550M" 2015 I 2018 2019 2020 2021 Today | | | | | | J, T T T T T T T ] A Halfa RW NNN Modiv begins a 24- RW NNN is Public listing RW NNN REIT I insae CeO, completes $150M month capit
Slide 6: Proactive Portfolio Management
PROACTIVE PORTFOLIO MANAGEMENT Modiiv's Strategic Portfolio Evolution Is Well Underway Prior Portfolio MODIV.t" Current Portfolio (As of December 31, 2021) . ‘ 12°?) Properties: 38 Annual Base Rent: $28.9M () Contractual Rent Increases: 68% () WALT: 6.1 Years ?) Lease Expiration Property Type % base
Slide 7: Diversified and Reliable Real Estate Portfolio
DIVERSIFIED AND RELIABLE REAL ESTATE PORTFOLIO MODIV.t" Industry Diversification Food &Staples __ Pharmaceuticals, Retailing Biotechnology & Life Materials _ 2% Sciences 5% ial Restaurant Energy co Consumer 2% Services Automobile & ‘Components 5% Technology Hardware & equipment 6% Commercial & Profe
Slide 8: Balance Sheet Strength and Flexibility
BALANCE SHEET STRENGTH AND FLEXIBILITY Modiv closed a new $250 m MODIV.t" n January 2022 Capitalization Maturity Mort: Debt orgs Revolver 59 3% . Implied Equity 43% Preferred Equity 1% 93% of Debt Maturities have a Fixed Weighted Average Rate @ 4% 7% of Debt Maturities are Floating @ SOFR + 165 bps
Slide 9: Extensive Underwriting and Ability to Source Acquisitions
EXTENSIVE UNDERWRITING AND ABILITY TO SOURCE ACQUISITIONS MODIV.! Robust Pipeline (LTM) Disciplined Due Diligence Va Va Volume of Investment Volume of Investment T— Opportunities That Modiv Opportunities That Modiv Fl | Reviewed Performed a Deep Dive Property - level + Location + Local market trends
Slide 10: Strategic and Accretive Acquisitions
STRATEGIC AND ACCRETIVE ACQUISITIONS MODIVi!" We Have a Proven Ability to Source True Off Market Opportunities Kia of Carson KIA of Cason is highly profitable and one of top 3 Kia dealerships in the country Prominent frontage along Interstate 405 Sale and leaseback in conjunction with highly accreti
Slide 11: Strategic and Accretive Acquisitions
STRATEGIC AND ACCRETIVE ACQUISITIONS MODIV.t" SS Arrow Tru-Line Established garage door hardware components manufacturing company Company has been operating since 1970, and this property is adjacent to its corporate offices Sale and leaseback in conjunction with acquisition of the company by a priva
Slide 12: Lease Renewal Case Study: 3M
LEASE RENEWAL CASE STUDY: 3M MODIV I Pragmatic Approach to Leasing and Execution Originally developed in 2007 as a build-to-suit industrial property for 3M in DeKalb, IL, this Class A distribution center features approximately 396,000 square feet of warehouse space and 14,000 square feet of office s
Slide 13: Disposition Case Study: Dana Incorporated
DISPOSITION CASE STUDY: DANA INCORPORATED Discipline and Data are Critical i Industrial asset located within the Austin, TX MSA that was purchased in December 2016 for $9.1M by the legacy management team Building was leased to Dana Incorporated (“Dana”), a leading supplier of fully integrated drivet
Slide 14: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Aaron Halfacre | President & Chief Executive Officer Chief Executive Officer of Modi Inc. since 2019 Former President and Chief Investment Officer of Campus Crest Communities, Inc, a student housing REIT, from 2014-2016 Former Senior Vice President and Head of Strategic R
Slide 15: Independent Board of Directors
INDEPENDENT BOARD OF DIRECTORS MODIV.! asoned Board of Directors with Deep and Diverse * Specifically Nominated to Help Guide Modiv's Transformation » Focused on Ethics and Integrity * Invaluable Industry and Company Experience * Detailed, Disciplined and Pragmatic » Vast Working Knowledge and Netwo
Slide 16: Colliers: A Valued Strategic Partner
COLLIERS: A VALUED STRATEGIC PARTNER MODIV.t" Modiv's Strategic Partnership with Colliers Provides Best-in-Class Property Management and Accounting Services, Enabling Modiv to Remain Laser-Focused on Asset Management, Tenant Relationships, Financial Optimization and Strategic Decision Making Benefit
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS MODIV.t" Modiiv is Built for Intelligent Growth KS KS KS ESBS) Experienced Leadership Team with a History of Execution and Transformation Proactive Investment Strategy Focused on Value Creation and AFFO Growth Diversified and Reliable Real Estate Portfolio Supports Our Monthly
Slide 18: TED |||
TED ||| I www.modiv.com | 888.686.6348 M O D | V i} 120 Newport Center Drive | Newport Beach, CA 92660