Modiv Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 16, 2023

Modiv (NYSE:MDV) Full Year 2022 Results

Key Financial Results

Revenue: US$46.5m (up 22% from FY 2021).
Funds from operations (FFO) loss: US$2.20m (down by 133% from US$6.65m profit in FY 2021).
US$0.29 FFO loss per share (down from US$0.88 profit in FY 2021).

earnings-and-revenue-growth — NYSE:MDV Earnings and Revenue Growth March 16th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Modiv Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Modiv has 3 warning signs we think you should be aware of.

If you're looking to trade Modiv Industrial, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.

With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.

Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.