Modiv Industrial, Inc. · NYSE:MDV
Modiv Industrial — Merger or Acquisition (August 2026)
6 slides from Modiv Industrial's merger presentation, Aug 5, 2026
Slide 1: Acquisition of Modiv Industrial
Acquisit i on of Mod i v Ind u strial
Slide 2: Transaction Rationale & Strategic Benefits
T ransactio n Ratio n ale & S t rategic Benefits Q 2 ' 26 In v e s t o r Pr e s en t a t i o n 22 A c qu isi t i on of Mod i v Indu s trial 1 . M od i v’s m e t r i c b a s ed o n s q ua r e fee t a s o f Dec e m be r 31 , 2025 , ad j u st e d f o r M od i v’s p r e v i ou s l y d i sc l o s ed d i
Slide 3: Transaction Structure
T r a n sact i on St r u ct u re • Gl o b a l N et L e ase, I n c . ( “ G N L”) t o acq u i re M o d i v I n d u s t r i a l I n c . ( “ M D V ” ) i n a l l - s t oc k t r ansacti on • Transac t i on v a l ued a t en t erp r i se v a l ue o f approx i m a t e l y $53 5 m illi on • G N L i n t ends t
Slide 4: Top Ten Portfolio Tenants
T op T e n P o r tf o li o T e n a n ts T ena nt P r o p e r t y T y p e In d u stry C r e di t Ra t in gs W A L T ( Y e a r s) % o f T o t al A BR I n du s tr i a l I n fr a s tr u c t u re I m p li ed B a 1 21 .0 14 . 3% Re ta i l A u t o m o t i v e De a l e r s h i p I m p li ed B aa 2 20 .8 10
Slide 5: Long-Dated, Well Laddered Lease Maturities
0 . 0% 3.0 % 2.0 % 4.0 % 2.0% 91.0% 2 0 26 2 0 27 2 0 28 2 0 29 2 0 30 2 0 3 1+ M odiv ’ s at t rac t i v e lease m aturi t y sc he d ule w ill ex t en d G N L ’ s pr o f or m a W A L T t o 6 . 6 y ear s ( 2 ) , an in c rea s e f ro m 5 . 7 y ear s in Q2 ’ 26 Lon g - Dated, W el l Ladder e d Lease M
Slide 6: Enhanced Portfolio Composition
GN L ’ s pr o forma m e trics e n h a nc e d thr o u g h th e ac q u i siti o n of MDV ’ s pu r e - p l a y , sin g l e - tenant i n d u st r ial p o rtfol io Enhance d Portfolio Co m positi on Q 2 ' 26 In v e s t o r Pr e s en t a t i o n 26 A c qu isi t i on of Mod i v Indu s trial No te : P o r t
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