Stock Analysis

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

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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).
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.

What are the risks and opportunities for Modiv?

Modiv Inc., (the “Company”) was incorporated on May 14, 2015 as a Maryland corporation.

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  • Trading at 55.6% below our estimate of its fair value


  • Earnings are forecast to decline by an average of 0.6% per year for the next 3 years

  • Does not have a meaningful market cap ($94M)

  • Currently unprofitable and not forecast to become profitable over the next 3 years

View all Risks and Rewards

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