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Posted by
Two Blokes Jun 25 -
Filed in
Stock
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Modiv Industrial offers a solid asset structure, with 93% unencumbered assets and a market-adjusted asset yield of 9.88%. The company is moderately leveraged, with a total debt plus preferred stock to assets ratio of 58% and limited fixed charge coverage. MDV.PR.A preferred stock trades below par, yielding 7.52% current and 10.77% yield to call, but carries higher risk, reflected in its B2 rating.
