Modiv Industrial (MDV)

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Modiv Industrial, Inc. is a publicly traded real estate investment trust focused primarily on industrial properties in the United States. The company owns and manages commercial real estate used by tenants for activities such as manufacturing, production, distribution, and related industrial operations. Its portfolio is built largely around single-tenant, net-lease assets, a structure in which tenants typically assume responsibility for many property-level expenses while the landlord receives rental income under long-term lease agreements.

The company traces its strategy to a direct-to-investor model designed to make income-producing commercial real estate more accessible to individual investors. As a listed REIT, Modiv Industrial provides public-market exposure to a segment of real estate that is closely tied to supply chains, domestic manufacturing, logistics, and business investment. Its revenue is generated from rents and other income associated with its consolidated property holdings.

Modiv Industrial’s business includes acquiring, owning, leasing, operating, managing, financing, and selectively selling commercial real estate assets. While its emphasis is on industrial manufacturing properties, the company has also held certain non-core assets as part of its broader portfolio management process. Its performance depends on factors such as tenant credit quality, lease duration, occupancy, industrial real estate demand, interest rates, and the availability of attractive acquisition opportunities.

For investors, MDV represents a specialized REIT rather than a diversified property owner. Its appeal is tied to the potential for recurring rental income and exposure to industrial real estate, while its risks include tenant concentration, property-level execution, financing costs, and changes in economic activity affecting industrial tenants.

18.14 USD
+0.10 (+0.53%)

Last updated

Market Cap
186.24M
P/E
P/FCF
12.06
P/S
4.02
Enterprise Value
455.18M
Sector
Financials
Industry
Real Estate Investment Trusts
Address
2195 SOUTH DOWNING STREET, DENVER, CO, 80210
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Market Cap
186.24M
Enterprise Value
455.18M
P/E
P/B
1.17
P/S
4.02
EV / EBITDA
12.59
EV / Sales
9.83
EPS
-0.42
Dividend Yield
10.36%
P/FCF
12.06
P/CF
11.62
Free Cash Flow
15.45M
ROE
-2.72%
ROA
-0.9%
Debt / Equity
1.72
Current Ratio
2.56
Quick Ratio
2.56
Cash
0.34
Avg Volume
99.47K
Fundamentals Snapshot Price
18.04

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 11.7M 11.07M 11.69M 11.83M 11.79M
Gross profit 11.7M 11.07M 11.69M 11.83M 11.79M
Operating income 4.2M 2.64M 4.84M 1.17M 4.65M
EBITDA 7.7M 11.84M 8.38M 8.25M 8.26M
Net income -1.36M 202K 20K -3.2M -132K
Basic EPS -0.11 0.02 -0.32 -0.01
Diluted EPS -0.11 0.02 -0.32 -0.01

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 484.28M 476.46M 499.57M 498.85M 506.8M
Total liabilities 286.58M 274.41M 294.77M 292.64M 293.43M
Total equity 197.71M 202.05M 204.8M 206.22M 213.38M
Cash & equivalents 4.48M 14.38M 8.26M 5.81M 6.17M
Current assets 33.62M 39.81M 33.79M 31.25M 31.5M
Current liabilities 13.15M 12.93M 15.03M 12.89M 5.86M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 4.1M 3.84M 4.14M 3.94M 3.05M
Investing cash flow -7.97M 24.44M 3.08M 1.15M -864K
Financing cash flow -6.04M -23.85M -3.08M -5.44M -7.55M
Change in cash -9.9M 4.43M 4.13M -351K -5.37M
Kind Filing Date Link
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
edgar index 425 — MODIV INDUSTRIAL, INC. View Filing
edgar index 10-Q — MODIV INDUSTRIAL, INC. View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
edgar index 425 — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — Tirondola Connie View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — NOLAN THOMAS H JR View Filing
form 4 Form 4 — SMITH KIMBERLY J View Filing
edgar index 10-K — MODIV INDUSTRIAL, INC. View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
ten k section 10-K — business View Filing
ten k section 10-K — mda View Filing
ten k section 10-K — risk_factors View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
edgar index S-3DPOS — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — SMITH KIMBERLY J View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — Halfacre Aaron Scott View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — SMITH KIMBERLY J View Filing
form 4 Form 4 — Halfacre Aaron Scott View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — NOLAN THOMAS H JR View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — SMITH KIMBERLY J View Filing
form 4 Form 4 — Tirondola Connie View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — SMITH KIMBERLY J View Filing
form 4 Form 4 — Halfacre Aaron Scott View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 4 — MODIV INDUSTRIAL, INC. View Filing
edgar index 10-Q — MODIV INDUSTRIAL, INC. View Filing
edgar index 8-K — MODIV INDUSTRIAL, INC. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — Gingras Christopher Raymond View Filing
form 4 Form 4 — SMITH KIMBERLY J View Filing
form 4 Form 4 — Halfacre Aaron Scott View Filing
edgar index SCHEDULE 13G/A — MODIV INDUSTRIAL, INC. View Filing