Modiv Inc — MarketDX

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Modiv Industrial Stockholders Approve Merger With GNL Motion Merger Sub

Modiv Industrial stockholders approved the proposed merger with GNL Motion Merger Sub at a special meeting. The merger proposal, along with a non-binding advisory vote on executive compensation and an adjournment proposal, all received preliminary approval. The merger required approval by a majority of outstanding common shares, and the adjournment proposal was not needed because the merger itself passed. Final vote totals will be filed in the meeting minutes and disclosed in a Form 8-K submitted to the SEC.

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Modiv Industrial to Trade Ex-Dividend on July 31 for $0.10 Monthly Payout

Modiv Industrial Inc will trade ex-dividend on July 31, 2026, for its monthly dividend of $0.10 per share, payable on August 10, 2026. The dividend represents approximately 0.56% of the stock's recent price of $17.71, implying shares may open around that percentage lower on the ex-dividend date, all else being equal. The annualized dividend yield is estimated at 6.78%. MDV's 52-week range is $13.80 to $18.9551, with a last trade at $17.52.

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Halper Sadeh LLC Investigates Whether LPRO, EQR, LEG, MDV Are Obtaining Fair Deals for Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating Open Lending Corporation, Equity Residential, Leggett & Platt, and Modiv Industrial for potential violations of federal securities laws or breaches of fiduciary duties in connection with their proposed transactions. The investigation concerns Open Lending's sale to ANV Group Holdings for $3.15 per share, Equity Residential's merger with AvalonBay Communities where Equity Residential shareholders would own about 48.8% of the combined company, Leggett & Platt's sale to Somnigroup International for 0.1455 shares of Somnigroup common stock per Leggett & Platt share resulting in Leggett & Platt shareholders owning approximately 9% of the combined company, and Modiv Industrial's sale to Global Net Lease where Modiv shareholders are expected to own roughly 11% of the combined company. The firm notes that insiders may receive substantial financial benefits not available to ordinary shareholders and that the proposed deals may contain terms limiting superior competing offers. Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.

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Global Net Lease Closes $74 Million of Dispositions Since First Quarter 2026

Global Net Lease has sold $74 million of assets since the first quarter of 2026, including $66 million of occupied properties at a 7.2% cash cap rate, with office assets accounting for $61 million or 93% of occupied sales. The company also sold $8 million of vacant assets, eliminating negative net operating income drag and improving portfolio occupancy. Year-to-date, GNL has closed approximately $145 million of dispositions at a 7.5% cash cap rate on occupied assets. The sold occupied office assets include a building leased to the U.S. General Services Administration for $13 million and a building leased to GE Aviation for $48 million, both following lease extensions. GNL also has a Netherlands office asset under contract for sale for approximately $18 million upon lease expiration in December 2026, and is under contract to acquire a $14 million industrial property at an 8.2% cash cap rate. The pending $535 million acquisition of Modiv Industrial remains on track for a third quarter 2026 closing, expected to be immediately 4% accretive to AFFO per share and leverage neutral.

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