Symbols / MDV Stock $16.13 +0.94% Modiv Industrial, Inc.

Real Estate • REIT - Industrial • United States • NYQ
MDV (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Industrial
CEO Mr. Aaron Scott Halfacre CFA(R)
Exch · Country NYQ · United States
Market Cap 166.45M
Enterprise Value 452.85M
Income -3.09M
Sales 47.15M
FCF (ttm) 35.35M
Book/sh 15.80
Cash/sh 1.39
Employees 9
Insider 10d
IPO Feb 11, 2022
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 4.60%
P/E
Forward P/E 124.08
PEG
P/S 3.53
P/B 1.02
P/C
EV/EBITDA 13.20
EV/Sales 9.61
Quick Ratio 8.26
Current Ratio 9.32
Debt/Eq 129.42
LT Debt/Eq
EPS (ttm) -0.31
EPS next Y 0.13
EPS Growth -78.50%
Revenue Growth -4.10%
EPS Gr Q/Q -22.00%
Rev Gr Q/Q
Earnings (next) 2026-05-07
Earnings (prior) 2026-03-25
ROA 2.55%
ROE 0.27%
ROIC
Gross Margin 92.66%
Oper. Margin 41.50%
Profit Margin 2.27%
Shs Outstand 10.32M
Shs Float 9.46M
Insider Own 8.55%
Instit Own 24.69%
Short Float 2.39%
Short Ratio 3.47
Short Interest 239.53K
52W High 17.14
vs 52W High -5.92%
52W Low 13.80
vs 52W Low 16.88%
Beta -0.26
Impl. Vol.
Rel Volume 0.29
Avg Volume 54.79K
Volume 15.82K
Target (mean) $17.75
Tgt Median $18.00
Tgt Low $17.00
Tgt High $18.00
# Analysts 6
Recom Strong_buy
Prev Close $15.98
Price $16.13
Change 0.94%
About

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. Modiv Industrial, Inc. was incorporated in 2015 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$16.13
Low
$17.00
High
$18.00
Mean
$17.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-07 reit Cantor Fitzgerald Overweight → Overweight $18
2025-11-24 main Freedom Broker Buy → Buy $18
2025-10-02 init Freedom Broker — → Buy $19
2024-04-29 init Alliance Global Partners — → Buy $18
2023-05-16 reit EF Hutton Buy → Buy $17
2023-02-24 reit EF Hutton — → Buy $17
2022-11-15 main EF Hutton — → Buy $17
2022-11-11 init Ladenburg Thalmann — → Buy $19
2022-09-30 init Janney Montgomery Scott — → Buy $20
2022-06-06 init Colliers Securities — → Buy $22
2022-03-31 init B. Riley Securities — → Action List Buy $24
2022-03-31 init EF Hutton — → Buy $23
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 NOLAN THOMAS H. JR. Director 1,047 $14.32 $15,000
2026-03-31 SMITH KIMBERLY J Director 1,047 $14.32 $15,000
2026-03-31 TIRONDOLA CONNIE Director 1,047 $14.32 $15,000
2026-03-31 GINGRAS CHRISTOPHER RAYMOND Director 1,047 $14.32 $15,000
2025-12-31 NOLAN THOMAS H. JR. Director 1,042 $14.39 $15,000
2025-12-31 SMITH KIMBERLY J Director 1,042 $14.39 $15,000
2025-12-31 TIRONDOLA CONNIE Director 1,042 $14.39 $15,000
2025-12-31 GINGRAS CHRISTOPHER RAYMOND Director 1,042 $14.39 $15,000
2025-09-30 NOLAN THOMAS H. JR. Director 1,024 $14.64 $15,000
2025-09-30 SMITH KIMBERLY J Director 1,024 $14.64 $15,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
46.39
-0.80%
46.76
-1.00%
47.23
+7.79%
43.82
Operating Revenue
46.39
-0.80%
46.76
-1.00%
47.23
+7.79%
43.82
Cost Of Revenue
3.46
-4.23%
3.61
-29.99%
5.16
-21.17%
6.55
Reconciled Cost Of Revenue
4.31
-3.27%
4.46
-25.28%
5.97
-20.97%
7.55
Gross Profit
42.93
-0.51%
43.15
+2.56%
42.07
+12.87%
37.27
Operating Expense
23.81
-2.91%
24.53
-26.49%
33.37
+32.70%
25.14
Selling General And Administration
8.73
+10.09%
7.93
-55.51%
17.81
+74.42%
10.21
General And Administrative Expense
8.73
+10.09%
7.93
-55.51%
17.81
+74.42%
10.21
Salaries And Wages
2.92
+83.80%
1.59
-85.80%
11.17
+365.26%
2.40
Other Gand A
5.81
-8.34%
6.34
-4.56%
6.64
-14.96%
7.81
Total Expenses
27.27
-3.08%
28.14
-26.96%
38.53
+21.57%
31.69
Operating Income
19.11
+2.65%
18.62
+113.84%
8.71
-28.22%
12.13
Total Operating Income As Reported
15.82
-28.03%
21.98
+741.86%
2.61
-47.00%
4.93
EBITDA
32.77
-22.84%
42.47
+74.37%
24.36
+35.05%
18.04
Normalized EBITDA
34.39
+0.77%
34.13
+46.98%
23.22
-11.83%
26.33
Reconciled Depreciation
14.23
-9.65%
15.75
+6.86%
14.74
+5.88%
13.92
EBIT
17.68
-31.64%
25.87
+193.77%
8.81
+183.50%
3.11
Total Unusual Items
-1.62
-119.37%
8.35
+632.75%
1.14
+113.73%
-8.30
Total Unusual Items Excluding Goodwill
-1.62
-119.37%
8.35
+632.75%
1.14
+113.73%
-8.30
Special Income Charges
-6.58
0.00
+100.00%
-4.39
+79.23%
-21.13
Other Special Charges
0.77
1.73
Impairment Of Capital Assets
5.81
0.00
-100.00%
4.39
-77.38%
19.40
Net Income
1.07
-82.25%
6.02
+190.99%
-6.61
-101.12%
-3.29
Pretax Income
0.55
-91.47%
6.49
+174.67%
-8.70
-92.76%
-4.51
Net Non Operating Interest Income Expense
-16.94
+17.25%
-20.47
-10.41%
-18.54
-119.74%
-8.44
Interest Expense Non Operating
17.13
-11.60%
19.38
+10.72%
17.50
+129.76%
7.62
Net Interest Income
-16.94
+17.25%
-20.47
-10.41%
-18.54
-119.74%
-8.44
Interest Expense
17.13
-11.60%
19.38
+10.72%
17.50
+129.76%
7.62
Interest Income Non Operating
0.89
+88.40%
0.47
+45.40%
0.33
+1387.91%
0.02
Interest Income
0.89
+88.40%
0.47
+45.40%
0.33
+1387.91%
0.02
Other Income Expense
-1.62
-119.37%
8.35
+632.75%
1.14
+113.88%
-8.20
Other Non Operating Income Expenses
0.30
+216.79%
0.09
Gain On Sale Of Security
4.96
-40.51%
8.35
+51.00%
5.53
-56.92%
12.83
Tax Rate For Calcs
0.00
+0.00%
0.00
0.00
0.00
Tax Effect Of Unusual Items
-0.34
-119.37%
1.75
0.00
0.00
Net Income Including Noncontrolling Interests
0.55
-91.47%
6.49
+174.67%
-8.70
-92.76%
-4.51
Net Income From Continuing Operation Net Minority Interest
1.07
-82.25%
6.02
+190.99%
-6.61
-101.12%
-3.29
Net Income From Continuing And Discontinued Operation
1.07
-82.25%
6.02
+190.99%
-6.61
-101.12%
-3.29
Net Income Continuous Operations
0.55
-91.47%
6.49
+174.67%
-8.70
-92.76%
-4.51
Minority Interests
0.51
+208.21%
-0.47
-122.81%
2.08
+70.27%
1.22
Normalized Income
2.35
+507.66%
-0.58
+92.58%
-7.75
-254.75%
5.01
Net Income Common Stockholders
-3.12
-233.86%
2.33
+122.62%
-10.30
-47.68%
-6.98
Otherunder Preferred Stock Dividend
0.95
0.00
Diluted EPS
-0.31
-224.00%
0.25
+118.38%
-1.36
-46.24%
-0.93
Basic EPS
-0.31
-224.00%
0.25
+118.38%
-1.36
-46.24%
-0.93
Basic Average Shares
10.14
+9.16%
9.29
+22.94%
7.56
+0.96%
7.49
Diluted Average Shares
11.68
+4.36%
11.19
+48.03%
7.56
+0.96%
7.49
Diluted NI Availto Com Stockholders
-3.60
-228.45%
2.81
+122.65%
-12.38
-77.52%
-6.98
Average Dilution Earnings
-0.48
-201.89%
0.47
+122.81%
-2.08
Depreciation Amortization Depletion Income Statement
15.09
-9.12%
16.60
+6.75%
15.55
+4.16%
14.93
Depreciation And Amortization In Income Statement
15.09
-9.12%
16.60
+6.75%
15.55
+4.16%
14.93
Earnings From Equity Interest
0.28
Preferred Stock Dividends
3.21
-13.02%
3.69
+0.00%
3.69
+0.01%
3.69
Total Other Finance Cost
0.70
-55.07%
1.57
+14.86%
1.37
+62.06%
0.84
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
476.46
-6.18%
507.83
-4.34%
530.90
+16.83%
454.43
Current Assets
41.72
-20.33%
52.36
+89.82%
27.59
+19.83%
23.02
Cash Cash Equivalents And Short Term Investments
14.38
+24.73%
11.53
+268.49%
3.13
-63.65%
8.61
Cash And Cash Equivalents
14.38
+24.73%
11.53
+268.49%
3.13
-63.65%
8.61
Receivables
23.44
+26.96%
18.46
+44.28%
12.79
+39.94%
9.14
Accounts Receivable
23.44
+26.96%
18.46
+44.28%
12.79
+76.16%
7.26
Other Receivables
1.90
+0.91%
1.88
Inventory
3.90
-82.56%
22.37
+91.85%
11.66
+121.33%
5.27
Finished Goods
3.90
-82.56%
22.37
+91.85%
11.66
+121.33%
5.27
Prepaid Assets
2.25
Restricted Cash
0.00
Total Non Current Assets
434.74
-4.55%
455.47
-9.51%
503.31
+16.67%
431.41
Net PPE
0.00
-100.00%
0.15
-88.68%
1.35
+150.12%
0.54
Gross PPE
0.00
-100.00%
0.15
-88.68%
1.35
+150.12%
0.54
Construction In Progress
0.00
-100.00%
0.15
-88.68%
1.35
+150.12%
0.54
Goodwill And Other Intangible Assets
1.17
-5.73%
1.24
-5.63%
1.31
-29.00%
1.85
Goodwill
0.00
Other Intangible Assets
1.17
-5.73%
1.24
-5.63%
1.31
-29.00%
1.85
Investments And Advances
9.44
+1.21%
9.32
-55.80%
21.09
+110.77%
10.01
Long Term Equity Investment
9.44
+1.21%
9.32
-7.26%
10.05
+0.47%
10.01
Non Current Accounts Receivable
0.17
Non Current Deferred Assets
0.04
-51.95%
0.08
-89.72%
0.75
-79.65%
3.68
Non Current Prepaid Assets
0.92
-37.12%
1.46
+1.18%
1.45
-35.75%
2.25
Other Non Current Assets
1.03
+3.10%
1.00
+59.49%
0.63
Total Liabilities Net Minority Interest
274.41
-6.59%
293.78
-3.92%
305.77
+43.29%
213.40
Current Liabilities
255.22
+0.12%
254.93
-3.88%
265.21
+67.62%
158.22
Payables And Accrued Expenses
4.15
+7.26%
3.87
-73.09%
14.38
+175.55%
5.22
Payables
3.08
+9.02%
2.83
-77.94%
12.82
+362.87%
2.77
Accounts Payable
0.28
-22.47%
0.36
-34.94%
0.56
-43.98%
1.00
Other Payable
0.77
+63.97%
0.47
+465.06%
0.08
Dividends Payable
2.03
+1.86%
1.99
-83.62%
12.18
+588.60%
1.77
Current Accrued Expenses
1.07
+2.50%
1.04
-33.25%
1.56
-36.27%
2.45
Current Debt And Capital Lease Obligation
249.49
+0.20%
249.00
+0.20%
248.51
+64.56%
151.02
Current Debt
249.49
+0.20%
249.00
+0.20%
248.51
+64.56%
151.02
Current Deferred Liabilities
1.58
-22.07%
2.03
-2.22%
2.08
+11.01%
1.87
Current Deferred Revenue
1.58
-22.07%
2.03
-2.22%
2.08
+11.01%
1.87
Other Current Liabilities
0.03
-89.56%
0.25
+111.23%
0.12
Total Non Current Liabilities Net Minority Interest
19.19
-50.61%
38.85
-4.21%
40.56
-26.48%
55.17
Long Term Debt And Capital Lease Obligation
11.99
-61.03%
30.78
-0.82%
31.03
-30.17%
44.44
Long Term Debt
11.99
-61.03%
30.78
-0.82%
31.03
-30.17%
44.44
Long Term Capital Lease Obligation
0.13
-31.02%
0.19
-66.67%
0.56
Other Non Current Liabilities
7.20
-10.91%
8.08
-10.81%
9.06
-11.53%
10.24
Stockholders Equity
162.75
-14.41%
190.15
+31.64%
144.44
-9.58%
159.75
Common Stock Equity
162.75
-14.41%
190.14
+31.64%
144.44
-9.58%
159.75
Capital Stock
0.01
+8.33%
0.01
+20.00%
0.01
+2.44%
0.01
Common Stock
0.01
+10.00%
0.01
+25.00%
0.01
+3.07%
0.01
Preferred Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Share Issued
10.77
+3.48%
10.40
+29.28%
8.05
+3.68%
7.76
Ordinary Shares Number
10.30
+3.65%
9.94
+28.97%
7.70
+2.56%
7.51
Treasury Shares Number
0.47
+0.00%
0.47
+36.04%
0.34
+37.32%
0.25
Additional Paid In Capital
337.03
-3.56%
349.48
+19.43%
292.62
+5.13%
278.34
Retained Earnings
-168.10
-9.10%
-154.07
-5.85%
-145.55
-23.41%
-117.94
Gains Losses Not Affecting Retained Earnings
0.92
-50.08%
1.84
-30.74%
2.66
-24.11%
3.50
Treasury Stock
7.11
+0.00%
7.11
+34.42%
5.29
+27.14%
4.16
Minority Interest
39.30
+64.40%
23.90
-70.37%
80.68
-0.74%
81.28
Other Equity Adjustments
0.92
-50.08%
1.84
-30.74%
2.66
-24.11%
3.50
Total Equity Gross Minority Interest
202.04
-5.61%
214.05
-4.92%
225.12
-6.60%
241.03
Total Capitalization
174.74
-20.90%
220.92
+25.90%
175.47
-14.06%
204.19
Working Capital
-213.50
-5.40%
-202.56
+14.76%
-237.63
-75.76%
-135.20
Invested Capital
424.23
-9.72%
469.92
+10.84%
423.98
+19.36%
355.20
Total Debt
261.48
-6.54%
279.78
+0.08%
279.54
+43.02%
195.45
Net Debt
247.10
-7.88%
268.25
-2.95%
276.41
+47.94%
186.85
Capital Lease Obligations
0.13
-31.02%
0.19
-66.67%
0.56
Net Tangible Assets
161.58
-14.47%
188.91
+31.98%
143.13
-9.35%
157.90
Tangible Book Value
161.58
-14.47%
188.90
+31.98%
143.13
-9.35%
157.90
Available For Sale Securities
11.04
Derivative Product Liabilities
0.00
-100.00%
0.47
-4.98%
0.50
Financial Assets
0.00
-100.00%
2.97
-35.85%
4.63
Interest Payable
0.10
-39.24%
0.16
-55.99%
0.36
+25.79%
0.29
Investment Properties
422.14
-4.54%
442.21
-6.66%
473.76
+15.35%
410.70
Investmentin Financial Assets
0.00
-100.00%
11.04
0.00
Line Of Credit
249.49
+0.20%
249.00
+0.20%
248.51
+64.56%
151.02
Preferred Shares Number
1.70
-14.92%
2.00
+0.00%
2.00
+0.00%
2.00
Preferred Stock Equity
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
14.97
-17.95%
18.24
+10.02%
16.58
-0.42%
16.65
Cash Flow From Continuing Operating Activities
14.97
-17.95%
18.24
+10.02%
16.58
-0.42%
16.65
Net Income From Continuing Operations
0.55
-91.47%
6.49
+174.67%
-8.70
-92.76%
-4.51
Depreciation Amortization Depletion
14.23
-9.65%
15.75
+6.86%
14.74
+5.88%
13.92
Depreciation
15.09
-9.12%
16.60
+6.75%
15.55
+4.16%
14.93
Amortization Cash Flow
-0.85
-0.83%
-0.85
-4.83%
-0.81
+19.64%
-1.01
Depreciation And Amortization
14.23
-9.65%
15.75
+6.86%
14.74
+5.88%
13.92
Amortization Of Intangibles
-0.85
-0.83%
-0.85
-4.83%
-0.81
+19.64%
-1.01
Other Non Cash Items
-5.05
+11.69%
-5.72
+5.96%
-6.08
-115.12%
-2.83
Stock Based Compensation
2.92
+83.80%
1.59
-85.80%
11.17
+365.26%
2.40
Asset Impairment Charge
6.44
+440.52%
1.19
-76.88%
5.16
-75.51%
21.05
Operating Gains Losses
-8.11
-299.90%
-2.03
-199.02%
2.05
+115.40%
-13.29
Gain Loss On Investment Securities
-8.87
-337.79%
-2.03
-199.02%
2.05
+116.75%
-12.22
Unrealized Gain Loss On Investment Securities
0.00
+100.00%
-1.42
0.00
Change In Working Capital
-0.58
-751.47%
-0.07
+88.17%
-0.57
-82.60%
-0.31
Change In Receivables
-0.01
-118.31%
0.07
-81.65%
0.39
+176.17%
0.14
Changes In Account Receivables
0.39
+175.56%
0.14
Change In Prepaid Assets
-0.03
-106.74%
0.46
+879.66%
-0.06
-106.34%
0.93
Change In Payables And Accrued Expense
-0.54
+10.68%
-0.60
+33.67%
-0.90
+34.82%
-1.39
Change In Payable
-0.54
+10.68%
-0.60
+33.67%
-0.90
+34.82%
-1.39
Change In Account Payable
-0.54
+10.68%
-0.60
+33.67%
-0.90
+34.82%
-1.39
Investing Cash Flow
27.80
+231.16%
8.39
+108.97%
-93.60
-53.29%
-61.06
Cash Flow From Continuing Investing Activities
27.80
+231.16%
8.39
+108.97%
-93.60
-53.29%
-61.06
Capital Expenditure
Net Investment Purchase And Sale
0.68
+4.45%
0.65
0.00
-100.00%
0.08
Purchase Of Investment
-4.20
0.00
+100.00%
-0.81
Sale Of Investment
4.88
+648.62%
0.65
0.00
-100.00%
0.08
Net Intangibles Purchase And Sale
0.00
Purchase Of Intangibles
0.00
Net Other Investing Changes
0.83
+433.60%
-0.25
+69.21%
-0.81
-160.29%
-0.31
Financing Cash Flow
-39.92
-118.90%
-18.23
-125.49%
71.54
+1428.70%
-5.38
Cash Flow From Continuing Financing Activities
-39.92
-118.90%
-18.23
-125.49%
71.54
+1428.70%
-5.38
Net Issuance Payments Of Debt
-18.85
-6607.47%
-0.28
-100.34%
83.69
+477.89%
14.48
Issuance Of Debt
0.00
-100.00%
100.00
-33.33%
150.00
Repayment Of Debt
-18.85
-6607.47%
-0.28
+98.28%
-16.32
+87.96%
-135.52
Long Term Debt Issuance
0.00
-100.00%
100.00
-33.33%
150.00
Long Term Debt Payments
-18.85
-6607.47%
-0.28
+98.28%
-16.32
+87.96%
-135.52
Net Long Term Debt Issuance
-18.85
-6607.47%
-0.28
-100.34%
83.69
+477.89%
14.48
Short Term Debt Issuance
3.00
Short Term Debt Payments
-3.00
+62.60%
-8.02
Net Short Term Debt Issuance
-3.00
+40.26%
-5.02
Net Common Stock Issuance
2.75
+172.04%
-3.82
-1187.21%
-0.30
+92.66%
-4.05
Common Stock Payments
0.00
+100.00%
-11.53
-921.61%
-1.13
+72.87%
-4.16
Common Stock Dividend Paid
-12.57
-20.38%
-10.44
-28.04%
-8.16
-12.63%
-7.24
Cash Dividends Paid
-15.91
-12.59%
-14.13
-19.31%
-11.84
-6.97%
-11.07
Repurchase Of Capital Stock
-7.11
+38.35%
-11.53
-921.61%
-1.13
+72.87%
-4.16
Net Other Financing Charges
-0.80
-4.75
Changes In Cash
2.85
-66.06%
8.40
+253.33%
-5.48
+89.00%
-49.80
Beginning Cash Position
11.53
+268.49%
3.13
-63.65%
8.61
-85.26%
58.41
End Cash Position
14.38
+24.73%
11.53
+268.49%
3.13
-63.65%
8.61
Free Cash Flow
14.97
-17.95%
18.24
+10.02%
16.58
-0.42%
16.65
Interest Paid Supplemental Data
12.27
-9.15%
13.50
+12.45%
12.01
+54.59%
7.77
Amortization Of Securities
3.91
0.00
Common Stock Issuance
2.75
-64.28%
7.71
+826.80%
0.83
+626.64%
0.11
Dividend Received CFO
0.65
-37.10%
1.03
+344.59%
0.23
+9.00%
0.21
Earnings Losses From Equity Investments
-0.28
-0.56%
-0.28
Issuance Of Capital Stock
2.75
-64.28%
7.71
+826.80%
0.83
+626.64%
0.11
Net Investment Properties Purchase And Sale
26.29
+228.86%
7.99
+108.61%
-92.79
-52.53%
-60.84
Net Preferred Stock Issuance
-7.11
0.00
0.00
Preferred Stock Dividend Paid
-3.34
+9.46%
-3.69
+0.00%
-3.69
+3.73%
-3.83
Preferred Stock Issuance
0.00
Preferred Stock Payments
-7.11
0.00
Purchase Of Investment Properties
-0.85
+87.89%
-7.03
+94.49%
-127.53
+3.02%
-131.50
Sale Of Investment Properties
27.14
+80.64%
15.02
-56.75%
34.74
-50.84%
70.66
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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