Modiv Industrial, Inc. · NYSE:MDV
Modiv Industrial — Modiv — Sidoti Conference June 2022
17 slides from Modiv Industrial's conference presentation, Jun 14, 2022
Slide 1: June 2022 Sidoti Conference presentation
June 2022 SIDOTI CONFERENCE presentation
Slide 2: Disclosure
DISCLOSURE 2 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, Section 21E of the Securities and Exchange Act of 1934, as am
Slide 3: Introduction to Today's Speakers
INTRODUCTION TO TODAY’S SPEAKERS 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 Street Advisors Ray Pacini, CPA Chief Financial Off
Slide 4: Modiv is a Net Lease REIT Built for Intelligent Growth
Modiv is a Net Lease REIT Built for Intelligent Growth INVESTMENT HIGHLIGHTS Experienced Leadership Teamwith 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 Dividend
Slide 5: Real Estate Highlights
REAL ESTATE HIGHLIGHTS 7.4% (S&P A) 6.7% (NR) 6.7% (S&P A+) 11.4% (NR) Top Tenants (3) % based on ABR Geographic Diversification Property Diversification Industry Diversification (1) Annual Base Rent (“ABR”). is calculated based on contractual rent due over the next 12 months and "Contractual Rent I
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS Maturity Schedule Capitalization Table 93% of Debt Maturities have a Fixed Weighted Average Rate @ 4% 7% of Debt Maturities are Floating @ SOFR + 165 bps $1.26 - $1.36 2022 AFFO per share Guidance $550M Gross Real Estate Value 35%+ Discount to Consensus Target Price 38% Leverage
Slide 7: Modiv's History of Execution
Modiv’s Leadership Team Transformed the Company and Doubled the Portfolio MODIV’S HISTORY OF EXECUTION 2015 RW NNN REIT launches; national geographic focused, crowdfunded REIT 2018 Aaron Halfacre joins as CEO, starting a new era and pivot to an institutional-quality direction and assembles a new man
Slide 8: Extensive Underwriting and Ability to Source Acquisitions
EXTENSIVE UNDERWRITING AND ABILITY TO SOURCE ACQUISITIONS Disciplined Due Diligence Property - level Location Local market trends and demographics Replacement cost Property attributes (age, visibility, traffic patterns) Portfolio - level Disciplined pricing Portfolio rationale (focus on industrial/r
Slide 9: Experienced Management Team
Best-in-class Management Team with Real Estate, Public Company, and Capital Markets Experience EXPERIENCED MANAGEMENT TEAM Aaron Halfacre | President & Chief Executive Officer Chief Executive Officer of Modiv Inc. since 2019 Former President and Chief Investment Officer of Campus Crest Communities,
Slide 10: Seasoned Board of Directors with Deep and Diverse Experience
Seasoned Board of Directors with Deep and Diverse Experience INDEPENDENT BOARD OF DIRECTORS Adam Markman Chairman of the Board Asma Ishaq Curtis McWilliams Thomas Nolan, Jr. Kimberly Smith Connie Tirondola Raymond Wirta Board Observer - REITs - Transformations - NTR Portfolios - Best Practices - Equ
Slide 11: Colliers: A Valued Strategic Partner
COLLIERS: A VALUED STRATEGIC PARTNER 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 On-site localize
Slide 12: Case Study: Off-Market Acquisitions
CASE STUDY: OFF-MARKET ACQUISITIONS We Have a Proven Ability to Source True Off-Market Opportunities January 2022 Acquisition Date $69.3M Purchase Price 72,623 Square Feet 25 Years Lease Term 5.70% Going In Cap Rate(1) 2.0% Annual Escalations Kia of Carson (1) The cap rate is calculated as the NTM N
Slide 13: Case Study: Relationship Driven Acquisitions
CASE STUDY: RELATIONSHIP DRIVEN ACQUISITIONS We Have Built Strong Relationships With Private Equity Sponsors 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 conjuncti
Slide 14: Case Study: 3M Lease Renewal
CASE STUDY: 3M LEASE RENEWAL 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 space Loc
Slide 15: Case Study: Dana Incorporated Disposition
CASE STUDY: DANA INCORPORATED DISPOSITION Discipline and Data are Critical in Executing Opportunistic Transactions 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 leadi
Slide 16: Strong Banking Support
Modiv has Developed a Cadre of Strategic Banking Relationships STRONG BANKING SUPPORT Research Coveage ATM $24 (Bryan Maher) Target Price $23 (Gaurav Mehta) Target Price $22 (Barry Oxford) Target Price
Slide 17: www.modiv.com
www.modiv.com | 888.686.6348120 Newport Center Drive | Newport Beach, CA 92660