Modiv Inc. (NYSE:MDV) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET

Company Participants

Margaret Boyce - Investor Relations

Aaron Halfacre - Chief Executive Officer

Ray Pacini - Chief Financial Officer

Conference Call Participants

Gaurav Mehta - EF Hutton

John Massocca - Ladenburg Thalmann

Bryan Maher - B. Riley Securities

Operator

Good day and welcome to Modiv’s Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Margaret Boyce, Investor Relations for Modiv. Please go ahead, ma’am.

Margaret Boyce

Thank you, operator and thank you all for joining us today to discuss Modiv’s fourth quarter and full year 2022 financial results. We issued our earnings release and investor supplement before the market opened this morning. These documents are available in the Investor Relations section of our website at modiv.com.

I am here today with Aaron Halfacre, Chief Executive Officer of Modiv and Ray Pacini, Chief Financial Officer. On today’s call, management will provide prepared remarks and then we will open up the call for your questions. Participants may also ask a question by e-mailing ir@modiv.com.

Before we begin, I would like to remind you that today’s comments will include forward-looking statements under the federal securities laws. Forward-looking statements are identified by words such as will, be, intend, believe, expect, anticipate, or other comparable words and phrases. Statements that are not historical facts such as statements about our expected acquisitions or dispositions are also forward-looking statements. Our actual financial condition and results of operations may vary materially from those contemplated by such forward-looking statements. Discussion of the factors that could cause our results to differ materially from these forward-looking statements are contained in our SEC filings, including our reports on Form 10-K and 10-Q.

With that, I would now like to turn the call over to Aaron. Aaron, please go ahead.

Aaron Halfacre

Thank you, Margaret. Hello, everybody and thank you for joining our fourth quarter and full year conference call. Joining me today is Ray Pacini, our CFO. In a few minutes, Ray will review our results in detail and then I will close our prepared remarks before we open the line for Q&A. Our team successfully navigated our first full year as a public company and what was undoubtedly the worst decline in public REIT valuations experienced since 2008. When you measure the fundamental results that are in the direct control of our management team, Modiv experienced a tremendous year of execution.