Modivo S.A. (MDV) Earnings Call Transcripts

Modivo S.A.'s Latest Earnings Call - Q4 FY2025

In the fourth quarter of 2025, Modiv Industrial, Inc. (MDV:US) reported rental income of $11 million, a decrease from $11.7 million in the prior year, primarily due to lease expirations. Adjusted funds from operations (AFFO) were $4 million, resulting in AFFO per share of $0.32, down from $0.37 year-over-year. Management maintained a cautious outlook on asset recycling, indicating that while they plan to sell non-core assets, the current market conditions are challenging. There were no changes to guidance, but management expressed optimism about future acquisitions as market stability improves.

Reported metrics

Guidance from management

Management maintained their guidance for asset recycling and indicated a focus on optimizing their portfolio, but did not provide specific numerical guidance for 2026.

What management said

Everyone, thank you so much. I know we came out a little bit later. That was because of the aforementioned offers. I don't like to come out as late, but it didn't seem -- we are a pebble in -- causing a ripple in the ocean that is raging right now. So I appreciate all that did join. Wishing you the best of luck for your families and your portfolios and talk to you again for next quarter. Thanks so much.

What analysts pressed on

Analysts expressed concerns about the impact of macroeconomic conditions on the company's ability to execute its asset recycling strategy and the potential for further declines in rental income. There were questions regarding the timeline for achieving a pure-play manufacturing portfolio amidst current market volatility.

Main topics on the call

• Rental Income Decline — Modiv reported a rental income of $11 million for Q4 2025, down from $11.7 million in Q4 2024. This decline was attributed to the expiration of leases with Costco and Solar Turbines, indicating potential challenges in ma...
• AFFO Performance — The company's adjusted funds from operations (AFFO) were $4 million, translating to $0.32 per share, down from $0.37 per share in the prior year. The decrease was primarily due to an increase in diluted shares outstandin...
• Asset Recycling Strategy — Management indicated that asset recycling efforts would ramp up, particularly focusing on non-core office properties. They noted, "We will continue to honor our recycling," suggesting a proactive approach to portfolio op...
• Market Conditions Impacting Transactions — Management acknowledged that recent market volatility has made it difficult for both buyers and sellers, stating, "It's hard for pipelines. It's hard for dispositions because you've got rates just gyrating all over." Thi...

Read the full Modivo S.A. transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 44 Modivo S.A. earnings call transcripts on record, spanning March 6, 2020 to August 7, 2026. Based on this history, Modivo S.A. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MDV

Exchange

WSE

Country

PL

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

44

First call

March 6, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly