Operator: Good day, and welcome to Modiv Industrial, Inc.’s Third Quarter 2025 Conference Call.
[Operator Instructions]

On today’s call, management will provide remarks, and then we will open the call for your questions.
[Operator Instructions]

Please note that this event is being recorded.

I would now like to turn the conference over to John Raney, Chief Operating Officer and General Counsel. Please, go ahead, sir.

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**John Raney**
*Chief Operating Officer & General Counsel*

Thank you, Chloe, and thank you, everyone, for joining us for Modiv Industrial’s Third Quarter 2025 Earnings Call.

We issued our earnings release after market closed today, and it is available on our website at modiv.com.

I am here today with Aaron Halfacre, Chief Executive Officer; and Ray, Chief Financial Officer.

Before we begin, I would like to remind you that today’s comments will include forward-looking statements under the federal securities laws.

Forward-looking statements are identified by words such as *will, be, intend, believe, expect, anticipate,* or other comparable words and phrases. Statements that are not historical facts, such as statements about our expected acquisitions or dispositions and business plans, are also forward-looking statements.

Our actual financial condition and results of operations may vary materially from those contemplated by such forward-looking statements. A discussion of the factors that could cause the results to differ materially from these forward-looking statements is contained in our SEC filings, including our reports on Form 10-K.
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