Comments on Manufacturing Super Cycle RENO, Nev., October 06, 2023 –( BUSINESS WIRE )–Modiv Industrial, Inc. (“Modiv Industrial” or “Modiv”) (NYSE:MDV), as the only public REIT exclusively focused on acquiring industrial manufacturing real estate, wishes to publicly celebrate National Manufacturing Day ( www.mfgday.com ) in recognition of the strength of the U.S. manufacturing industry and the thousands of hard working Americans that make products that are vital to all of us. In a recent research report written by Joseph P. Quinlan, head of CIO Market Strategy at Merrill and Bank of America Private Bank, Mr. Quinlan noted that the U.S. is in the early stages of a manufacturing super cycle. Over the last decade the reshoring of critical manufacturing capabilities has accelerated dramatically, resulting in the creation of over 2 million jobs and $189 billion annual spending on the construction of manufacturing facilities in the U.S., a rate triple that from the 2010s. With the recent increase in both domestic infrastructure bills and foreign direct investment, the continued renewal of U.S. manufacturing is poised to extend throughout the next decade. “Despite the current risk-off market environment, we see a meaningful longer-term economic J-curve surrounding and supporting the thesis for manufacturing. Given our focus on acquiring manufacturing facilities that make infrastructure-focused components critical to our nation rather than the whims of consumer discretionary demand, Modiv Industrial is uniquely positioned in terms of both growth and value to benefit from the continued resurgence of U.S. manufacturing,” stated Aaron Halfacre, Modiv’s CEO. “The economic reality already exists as it pertains to the demand for increased supply chain security, the trend of reshoring and the evidence of large aggregate spending; however, it is the awareness of this existing reality that has only really begun to enter the purview of the investor. I commend the efforts of Rosemary Coates, at the Reshoring Institute, and Harry Moser, at the Reshoring Initiative, for their tireless non-partisan work to champion for, and raise awareness of, the U.S. manufacturing industry.” Modiv Industrial wishes to raise the awareness of the organizations that we support and who, in turn, support the manufacturing industry. To learn more about reshoring please visit and . Modiv Industrial, Inc., is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation’s supply chains. Driven by an investor-first focus, Modiv Industrial has over $600 million in real estate assets comprising more than 4.5 million square feet of aggregate leasable area. For more information, please visit: .