Investing.com - Modiv reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Modiv announced earnings per share of $0.35 on revenue of $10.21M. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $10.7M.
Modiv shares are down 45% from the beginning of the year and are trading at $9.94 , down-from-52-week-high.
Modiv shares lost 5.02% in intra-day trade following the report.
Modiv follows other major Real Estate sector earnings this month
Modiv's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.29 on revenue of $1.15B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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