Modiv Industrial (MDV)
NYSE Market Open
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.
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
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 186.24M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 455.18M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 1.17
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 4.02
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 12.59
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 9.83
- EPS
- -0.42
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 10.36%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 12.06
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 11.62
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- 15.45M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -2.72%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -0.9%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 1.72
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 2.56
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 2.56
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.34
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 99.47K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 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 |