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Modiv Industrial(NYSE) MDV

Current Price$17.65
Market Cap$182.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2022)-60%
5 YearN/A
1 Year+30%
1 Month-1%
Modiv Industrial last closing stock price
MetricPriceDate
Last closeUSD 17.662026-07-24
Modiv Industrial stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-4.33%USD 18.462026-07-17
1 month-0.61%USD 17.772026-06-24
3 month+11.41%USD 15.852026-04-24
Year to date+27.39%USD 13.862025-12-31
1 year+30.23%USD 13.562025-07-24
3 year+74.47%USD 10.122023-07-25
Since inception-60.24%USD 44.422022-02-11

Modiv Industrial Financials at a Glance

Market Cap

$182.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$46.30M

Net Income (TTM)

$152.00K

EPS (TTM)

-$0.41

P/E Ratio

-42.97

Dividend

$1.19

Beta (Volatility)

0.06 (Low)

Price

$17.65

Volume

0

Open

$17.77

Previous Close

$17.65

Daily Range

$17.64 - $17.92

52-Week Range

$13.80 - $18.96

Estimated Earnings Date

Aug 6, 2026

MDV News

A person holding a magnifying glass looking at a row of rising coins and buildings.

3 Best Diversified REITs for 2026 and How to Invest

Matt DiLalloJul 10, 2026
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Modiv (MDV) Q2 AFFO Jumps 22%

Motley Fool Markets TeamAug 7, 2025

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About Modiv Industrial

Modiv Industrial owns and manages industrial buildings leased to manufacturers. These properties help companies make and deliver goods nationwide. Modiv’s work supports supply chains and essential industries.

Products and Services

  • Industrial Property Leasing: 82% of annual base rent (ABR); leases manufacturing buildings to single tenants for long terms.
  • Non-Core Property Leasing: 18% of annual base rent (ABR); leases retail and office spaces not central to main strategy.
  • Triple-Net Lease Management: Tenants pay most property expenses, reducing Modiv’s operating costs.
  • Portfolio Diversification: Properties leased to 27 tenants across 12 industries, lowering risk from any one sector.
  • Asset Recycling: Sells non-core assets to focus on industrial manufacturing properties.

Growth and Expansion

  • Acquired a Florida industrial property in 2025 for $6.1 million.
  • Sold a Washington office property in 2025 for $26 million to focus on core assets.
  • Bought out remaining interest in Santa Clara, CA property in January 2026 for $9.6 million.
  • Plans to recycle 12-15 non-core assets over the next 24 months.

What Makes Modiv Stand Out

Modiv focuses on long-term, triple-net leases with tenants in critical industries. The company actively manages risk by diversifying tenants and industries. Its umbrella partnership structure supports efficient property management and capital allocation.

Five Things You Need to Know

  • Revenue was $12 million in Q3 2025, up 2.4% year-over-year.
  • Net income reached $1 million in Q3 2025, up 278.7% from Q3 2024.
  • Cash flow from operations was $4 million in Q3 2025, down 19.5% year-over-year.
  • Portfolio had 42 properties and 4.4 million square feet at 98% occupancy in December 2025.

Bottom Line

Modiv has shifted to focus on industrial manufacturing properties with long-term leases. The company’s diversification and asset recycling support stability in a changing real estate market.

AI Generated • Apr 16, 2026

Industry

Equity Real Estate Investment Trusts (REITs)

Sector

Real Estate

Employees

9

CEO

Aaron Scott Halfacre, CFA, MBA

Website

www.modiv.com

Headquarters

Denver, CO 80203, US

MDV Financials

Key Financial Metrics (TTM)

Gross Margin

27.22%

Operating Margin

33.26%

Net Income Margin

0.33%

Return on Equity

0.09%

Return on Capital

3.69%

Return on Assets

0.03%

Earnings Yield

-2.33%

Dividend Yield

6.71%

Payout Ratio

108.28%

Stock Overview

Market Cap

$182.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

10.32M

Volume

0

Avg. Volume

84.03K

Financials (TTM)

Gross Profit

$12.60M

Operating Income

$15.40M

EBITDA

$32.27M

Operating Cash Flow

$16.02M

Capital Expenditure

-$163.00K

Free Cash Flow

$15.88M

Cash & ST Invst.

$4.48M

Total Debt

$280.26M

Modiv Industrial Performance Analysis

Modiv Industrial annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 43,822,03213.1%
20232023-12-31USD 47,234,0007.8%
20242024-12-31USD 46,761,000-1.0%
20252025-12-31USD 46,387,000-0.8%
Modiv Industrial sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-301.9%
Q32025-09-30-0.7%
Q42025-12-31-10.9%
Q12026-03-3110.0%
Modiv Industrial annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.93368.4%
20232023-12-31USD -1.3646.3%
20242024-12-31USD 0.21N/A
20252025-12-31USD -0.31N/A
Modiv Industrial sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-1945.5%
Q32025-09-30100.7%
Q42025-12-31888.9%
Q12026-03-31-718.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$11.70M

-0.8%

Gross Profit

$10.80M

-1.4%

Gross Margin

92.27%

N/A

Market Cap

$182.32MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$20.26M

N/A

Employees

9

N/A

Net Income

-$87.00K

-110.5%

EBITDA

$7.96M

-10.3%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$4.48M

-27.4%

Total Debt

$280.26M

+0.1%

Accounts Receivable

$24.58M

+25.6%

Inventory

$0.00

-100.0%

Long Term Debt

$279.79M

+809.1%

Short Term Debt

$470.00K

-99.8%

Return on Assets

0.03%

N/A

Return on Invested Capital

3.18%

N/A

Free Cash Flow

$3.96M

+29.8%

Operating Cash Flow

$4.10M

+34.6%

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Questions About MDV

What is the current price of Modiv Industrial?

Modiv Industrial is trading at $17.65 per share.

What is the 52-week range for Modiv Industrial?

Over the past 52 weeks, Modiv Industrial has traded between $13.80 and $18.96.

How much debt does Modiv Industrial have?

As of the most recent reporting period, Modiv Industrial reported total debt of $280.26M.

How much cash does Modiv Industrial have on hand?

Modiv Industrial reported $4.48M in cash and cash equivalents in its most recent financial results.

What is Modiv Industrial’s dividend yield?

Modiv Industrial currently has a dividend yield of 6.71%.

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