Fannie Mae, Freddie Mac shares tumble after conservatorship comments
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 EPS of $-0.05 on revenue of $10.7M.
Modiv 's are down 45% and is trading at $9.94 , still down 88.95% from its 52 week high of $89.99 set on Friday, February 11, 2022.
Modiv shares lost 5.02% to trade at $9.94 in intra-day trade the report.
Modiv follows other major Real Estate sector earnings this month
Modiv's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, EPS of $1.29 on revenue of $1.15B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, for EPS of $1.13 on revenue of $2.65B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar