MODIV INDUSTRIAL, INC.

Modiv Industrial, Inc. ( Modiv ) is an internally-managed Maryland corporation that acquires, owns and manages a portfolio of single-tenant net-lease properties throughout the United States, with a focus on critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation’s supply chains. Modiv also owns three non-core, legacy retail and office real estate properties, and is gradually reducing its non-core exposure, subject to market conditions, as it furthers its focus as a pure-play industrial manufacturing real estate investment trust ( REIT ). Modiv seeks to provide investors access to MOnthly DIVidends through a durable portfolio of real estate investments designed to generate both current income and long-term growth. Modiv has operated as a REIT for U.S. federal income tax purposes beginning with the year ended December 31, 2016. As used herein, the terms Modiv, the Company, we, our and us refer to Modiv Industrial, Inc. and, as required by context, Modiv Operating Partnership, LP, a Delaware limited partnership (our Operating Partnership or Modiv OP ). Our Class C common stock, $0.001 par value per share (the Class C Common Stock ), is listed on the New York Stock Exchange (the NYSE ) under the symbol MDV. Our 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the Series A Preferred Stock ), also is listed on the NYSE under the symbol MDV.PA.