Reported a net loss attributable to common stockholders of $0.86 million for the first quarter of 2026, compared to a net income of $2,000 in the same period of 2025. Total revenue for the quarter was $11.7 million, slightly down from $11.8 million in the prior year period. FFO attributable to common stockholders and OP Unit holders was $2.7 million, down from $3.9 million in the first quarter of 2025. AFFO attributable to common stockholders and OP Unit holders was $4.1 million, compared to $3.9 million in the first quarter of 2025. Entered into a definitive merger agreement with Global Net Lease, Inc. (GNL) on May 3, 2026, where Modiv shareholders will receive 1.975 shares of GNL common stock per Modiv share. Completed the acquisition of the remaining 27.3% interest in the Santa Clara, California property for $9.6 million in January 2026. Sold a vacant industrial property in Saint Paul, Minnesota for $4.1 million in March 2026.