10 High PE Stocks Insiders Are Buying

6. Modiv Industrial, Inc. (NYSE:MDV)

Forward P/E ratio: 102.00

Modiv Industrial, Inc. (NYSE:MDV) is an internally managed real estate investment trust (REIT) specializing in single-tenant, net-lease industrial manufacturing properties across the US. The REIT focuses on acquiring and managing mission-critical facilities leased long-term to tenants integral to national supply chains, with a portfolio comprising 43 properties across 16 states.

Modiv Industrial, Inc. (NYSE:MDV) reported stable first quarter results with rental income of $11.7 million, down 2% from the prior year due to property dispositions, partially offset by new industrial manufacturing property acquisitions. AFFO increased 18% to $3.9 million ($0.33 per diluted share) compared to $3.3 million ($0.29 per diluted share) in the year-ago quarter, driven by higher cash rental income, lower interest expense, and reduced property expenses. The company maintains a strong portfolio with a weighted average lease term of 14.2 years and annualized base rent of $39.4 million, with industrial properties representing 80% of ABR.

Management expresses confidence in the company through insider buying and is maintaining a disciplined approach to acquisitions in the current volatile market environment, focusing on risk management and specific criteria for manufacturing properties. Modiv Industrial, Inc. (NYSE:MDV) has reduced its headcount from 12 to 9 employees and implemented cost control measures, while maintaining a conservative leverage profile with 100% fixed-rate debt at a weighted average interest rate of 4.27%. The portfolio demonstrates stability with strong tenant relationships, particularly in the manufacturing sector, where rent represents a small percentage of tenants’ overall cost input, and management reports tenants are performing solidly despite current market challenges.