Modiv Inc.

Modiv Inc.

MDV
Modiv Inc.US flagNew York Stock Exchange
17.67
USD
-0.22
- -
182.42MMarket Cap
Modiv Inc.
MDV
(New York Stock Exchange)

Recent

price

17.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.25
5.12
5.02
5.85
6.25
5.03
4.57
4.53
Revenue per Share
-0.58
-6.51
-0.2
-0.93
-1.36
0.25
-0.21
-0.3
Basic EPS, GAAP
0.63
0.66
1.26
2.22
2.19
1.96
1.48
1.57
Free Cash Flow per Basic Share
0.53
0.67
0.46
1.48
1.57
1.52
1.57
1.61
Dividend per Share
-2.26
-11.22
-13.47
-15.75
-19.25
-16.58
-16.57
-16.82
Book Value per Share
25.75
22.13
27.09
31.95
29.61
22.9
19.8
19.22
Tangible Book Value per Share
8
8
8
7
8
9
10
10
Basic Weighted Avg Shares
25
39
38
44
47
47
46
46
Sales/Revenue/Turnover
10.86
8.92
8.66
27.68
18.44
39.82
41.21
41.54
Operating Margin (%)
9
16
14
14
15
16
14
14
Depreciation Expense
-4
-49
- -
-3
-7
6
1
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-17.99
-127.18
-1.15
-7.5
-14
12.87
2.3
0.27
Profit Margin (%)
-11
25
80
-135
-238
-203
-214
-216
Working Capital
196
186
174
44
31
31
12
24
LT Debt
254
190
222
241
225
214
202
198
Total Equity
- -
- -
- -
- -
- -
3.73
3.99
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
13.68
13.26
27.67
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
249
249
250
LT Borrowings
30
12
24
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
146
146
146

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
60
42
40
Cash, Cash Equivalents & STI
8
14
4
Accounts Receivable, Net
22
23
25
Inventories
28
4
11
Total Current Liabilities
257
255
256
Payables & Accruals
6
4
4
ST Debt
249
249
250
Deferred Revenue
1
2
2

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.63%
-5.61%
Free Cash Flow
- -
31.3%
-17.95%
Net Income, GAAP
- -
76.78%
-82.25%
Sales/Revenue/Turnover
- -
3.94%
-0.8%
Total Cash Common Dividend
- -
42.95%
21.63%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12
11
12
12
47
2025
12
12
12
11
46
2026
12
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.04
-0.16
0.07
0.25
2025
- -
-0.28
0.02
0.04
-0.21
2026
-0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.39
0.38
0.37
1.52
2025
0.38
0.4
0.39
0.4
1.57
2026
0.42
- -
- -
- -
- -
Business
Modiv Industrial Inc (NYSE:MDV) operates as an internally managed real estate investment trust focused on acquiring, owning, managing and leasing single-tenant net-lease industrial manufacturing properties with long-term leases to tenants that support the national economy and strengthen supply chains; the portfolio includes 43 operating properties across 16 states, primarily critical manufacturing facilities leased to private and investment-grade tenants with a weighted average lease term of 14.2 years, supplemented by non-core legacy retail and office assets and an unconsolidated investment in a real estate property. The company provides individual investors access to commercial real estate through monthly dividends generated from rental income, interest income and other property-related revenues totaling $11.7 million in Q3 2025, with all consolidated revenues derived from its real estate properties. Founded in 2015 and headquartered in Denver, Colorado, Modiv Industrial targets the U.S. industrial manufacturing sector, employing 12 staff under CEO Aaron Halfacre and maintaining a leverage ratio of 48% with fixed-rate debt maturing no earlier than 2027. In recent developments, Modiv Industrial retires 150,000 Series A Preferred shares at $23.50 per share, representing 7.5% of its preferred stack in a $3.5 million transaction at a 6% discount to par that yields 7.85% annually and reduces leverage; the company also repurchases 275,000 preferred shares at an average $23.74 price, secures a 10-year lease renewal with FujiFilm Dimatix in Santa Clara, reports Q3 2025 AFFO of $4.5 million ($0.36 per diluted share, up 22% year-over-year and beating consensus), and pursues asset recycling to enhance AFFO, extend weighted average lease term and bolster balance sheet durability without new acquisitions or sales in the quarter.

Company News

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  • Modiv Industrial Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Modiv Industrial, Inc. - MDV

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  • $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Modiv Industrial, Inc. (NYSE: MDV)

  • Shareholder Alert: Ademi LLP investigates whether Modiv Industrial, Inc. is obtaining a Fair Price for Public Shareholders

  • MDV Stock Alert: Halper Sadeh LLC is Investigating Whether Modiv Industrial, Inc. is Obtaining a Fair Price for its Shareholders

  • Global Net Lease to Acquire Modiv Industrial in $535 Million Transaction

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  • Modiv Industrial: 24 Months To Close The Valuation Gap Or They Sell The Business

  • Modiv Industrial, Inc. (MDV) Q4 2025 Earnings Call Transcript