Modiv Industrial Inc. (NYSE:MDV) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET

Company Participants

John Raney - Chief Operating Officer and General Counsel
Aaron Halfacre - Chief Executive Officer
Ray Pacini - Chief Financial Officer

Conference Call Participants

Rob Stevenson - Janney Montgomery Scott
Bryan Maher - B. Riley Securities
Gaurav Mehta - Alliance Global Partners
Barry Oxford - Colliers Securities
Steve Chick - Sebis Garden Capital LLC

Operator

Good day, and welcome to Modiv Industrial Inc. 3Q '24 Conference Call. All participants will be listen-only mode. [Operator Instructions] On today’s call, management will provide remarks, and then we will open up the call for your questions. [Operator Instructions] Please note this event is being vrecorded.

I would now like to turn the conference over to John Raney, Chief Operating Officer and General Counsel. Please go ahead, sir.

John Raney

Thank you, operator, and thank you, everyone, for joining us for Modiv Industrial's third-quarter 2024 earnings call. We issued our earnings release before market opened this morning, and it's available on our website at modiv.com.

I'm here today with Aaron Halfacre, Chief Executive Officer; and Ray Pacini, Chief Financial Officer. On today's call, management will provide prepared remarks, and then we'll open up the call for your questions.

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 and business plans 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 like to turn the call over to Aaron. Aaron, the floor is yours.

Aaron Halfacre

Thanks, John. Hello, everyone. Thanks for joining us. Like some of you, I probably stayed up fairly late watching the results. No matter what someone's opinion is, I was hoping that it was decisive either way. One more uncertainty removed from the marketplace, so we have that. Of course, 10 years are up to where they were in June. So it makes for an interesting time for REITs. Most REITs are selling off today. We are up a little bit, but I guess a broken clock is right twice a day.