Modiv ^{Priced, NYSE: MDV}

Modiv Inc. is a Maryland corporation that acquires, owns and actively manages single-tenant net-lease retail, office and industrial properties throughout the United States, with a focus on strategically important and mission critical properties net leased primarily to investment grade tenants. As of November 1, 2021, we owned 38 properties, all of which are 100% owned except one tenant-in-common real estate investment in which we own approximately 72.7% (the “TIC Interest”), with approximately 2.2 million square feet of aggregate leasable space 100% leased to 31 different commercial tenants doing business in 14 separate industries in 14 states. We lease our properties to tenants pursuant to net leases with annual base rent for the next twelve months (“ABR”) of approximately $28.9 million. Approximately 70% of our tenants are investment grade, and our portfolio’s weighted average lease term (“WALT”) is 5.9 years, in each case as of November 1, 2021. Our portfolio consists of 13 retail properties, 14 office properties, and 11 industrial properties leased to 31 different commercial tenants in 14 separate industries across 14 states. Moving forward, we intend to reduce our exposure to office properties and increase weighted average lease term.