RW Holdings NNN REIT, Inc. is a publicly registered, non-listed real estate investment trust which was formed in 2015 to primarily invest, directly or indirectly, through investments in real estate owning entities, in single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases. As of June 30, 2020, the REIT's real estate investment portfolio consisted of 45 operating properties, a 72.7% tenant-in-common interest in an office property and one parcel of land in 14 states, including 19 retail, 14 office, and 12 industrial properties with approximately 2,468,840 square feet of aggregate leasable space.
Company profile
Ticker
MDV, MDV+A
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MODIV INC., Rich Uncles NNN REIT, Inc., Rich Uncles REIT, Inc., RW HOLDINGS NNN REIT, INC.
SEC CIK
Corporate docs
Subsidiaries
Modiv Operating Partnership, LP • modiv, LLC • modiv TRS, LLC • Modiv Advisors, LLC • Modiv Venture Fund, LLC • RU NG Melbourne FL, LLC • RU Martin Santa Clara CA, LLC • RU 6877-6971 West Frye Road Chandler AZ, LLC • RU Fairview Drive DeKalb IL, LLC • RU Elm Hill Pike Nashville TN, LLC ...
IRS number
474156046
MDV stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
22 Mar 24
424B3
Prospectus supplement
21 Mar 24
8-K
Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders
18 Mar 24
POS AM
Prospectus update (post-effective amendment)
12 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Modiv Industrial Announces Fourth Quarter and Full Year 2023 Results
4 Mar 24
8-K
Modiv Industrial Declares Distribution of GIPR Common Shares
29 Dec 23
8-K
Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders
14 Dec 23
8-K
Entry into a Material Definitive Agreement
13 Nov 23
424B5
Prospectus supplement for primary offering
13 Nov 23
Transcripts
MDV
Earnings call transcript
2023 Q4
4 Mar 24
MDV
Earnings call transcript
2023 Q3
13 Nov 23
MDV
Earnings call transcript
2023 Q2
14 Aug 23
MDV
Earnings call transcript
2023 Q1
15 May 23
MDV
Earnings call transcript
2022 Q4
23 Feb 23
MDV
Earnings call transcript
2022 Q3
14 Nov 22
MDV
Earnings call transcript
2022 Q2
14 Aug 22
Latest ownership filings
4
Change in insider ownership
3 Apr 24
4
John Connor Raney
1 Apr 24
4
Raymond J Pacini
1 Apr 24
4
Aaron Scott Halfacre
1 Apr 24
4
SANDRA G SCIUTTO
1 Apr 24
4
Connie Tirondola
28 Mar 24
4
THOMAS H NOLAN JR
28 Mar 24
4
KIMBERLY J SMITH
28 Mar 24
4
ADAM SCOTT MARKMAN
28 Mar 24
4
Curtis B McWilliams
28 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.64 mm | 5.64 mm | 5.64 mm | 5.64 mm | 5.64 mm | 5.64 mm |
Cash burn (monthly) | 1.42 mm | 7.11 k | 1.59 mm | 829.61 k | (no burn) | (no burn) |
Cash used (since last report) | 9.54 mm | 47.61 k | 10.68 mm | 5.56 mm | n/a | n/a |
Cash remaining | -3.89 mm | 5.59 mm | -5.04 mm | 84.11 k | n/a | n/a |
Runway (months of cash) | -2.7 | 787.2 | -3.2 | 0.1 | n/a | n/a |
Institutional ownership, Q2 2023
20.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 3 |
Closed positions | 5 |
Increased positions | 2 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 7.89 bn |
Total shares | 1.85 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Group of Trophy | 1.31 mm | $0.00 |
Vanguard | 315.69 k | $4.74 bn |
BLK Blackrock | 91.99 k | $1.38 bn |
Geode Capital Management | 55.57 k | $833.49 mm |
State of New Jersey Common Pension Fund D | 39.07 k | $585.98 mm |
Mercer Global Advisors | 12.20 k | $183.00 k |
NTRS Northern Trust | 11.19 k | $167.90 mm |
Perritt Capital Management | 11.00 k | $165.00 mm |
Tower Research Capital | 942.00 | $14.13 mm |
Nisa Investment Advisors | 500.00 | $7.50 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Mar 24 | Connie Tirondola | COMMON STOCK, CLASS C | Grant | Acquire A | No | No | 16.79 | 595.593 | 10.00 k | 8,085.597 |
28 Mar 24 | Nolan Thomas H JR | COMMON STOCK, CLASS C | Grant | Acquire A | No | No | 16.79 | 893.389 | 15.00 k | 21,057.862 |
28 Mar 24 | Kimberly J Smith | COMMON STOCK, CLASS C | Grant | Acquire A | No | No | 16.79 | 744.491 | 12.50 k | 8,516.483 |
28 Mar 24 | Markman Adam Scott | COMMON STOCK, CLASS C | Grant | Acquire A | No | No | 16.79 | 893.389 | 15.00 k | 21,279.798 |
28 Mar 24 | McWilliams Curtis B | COMMON STOCK, CLASS C | Grant | Acquire A | No | No | 16.79 | 893.389 | 15.00 k | 19,732.824 |
Press releases
Generation Income Properties Announces Fourth Quarter and Year-End 2023 Financial and Operating Results
9 Apr 24
Modiv Industrial Declares Quarterly Dividends for Preferred Shareholders and Monthly Distributions for Common Shareholders
18 Mar 24
Modiv Industrial Announces Fourth Quarter and Full Year 2023 Results
4 Mar 24
Modiv Industrial to Report Fourth Quarter 2023 Results on March 4th
20 Feb 24
Generation Income Properties (NASDAQ: GIPR) Issues 2,794,597 Shares of Its Common Stock
31 Jan 24