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, still down 88.95% from its 52 week high of $89.99 set on February 11.
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 October 19, 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 October 27 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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