MODIV INDUSTRIAL, INC.

MDV

MODIV INDUSTRIAL, INC.

MDV

Insider Sentiment (TTM):

Last Purchase:2026-06-26Last Sale:2024-08-01Shares Purchased (TTM):5,766.25Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:2,572,901Shares Outstanding:10,313,193Institutional Ownership Pct.:24.95%

Earnings Market Reaction:

Filing Date:2026-08-11Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Series A	-	0	0	0	0	0	0	0	0	0	0	0
Common Class C	-	0	0	0	-11	11	0	0	0	10	0	0
Assets
Common Class S	-	-	-	-	-	-	0	0	0	0	0	0
Real Estate Investment Pr…
Land	109	109	98	98	99	99	98	106	105	105	105	106
Investment Building And Building Improvements	389	388	384	383	389	389	386	405	400	400	400	402
Fixtures And Equipment Gross	-	-	0	0	0	4	4	4	4	4	4	4
Tenant Improvements	-	14	14	14	14	14	13	16	16	16	16	16
Real Estate Investment Property At Cost	511	510	495	495	501	506	502	532	525	525	525	529
Real Estate Investment Property Accumulated Deprec…	-75	-71	-73	-70	-66	-63	-60	-63	-59	-55	-51	-48
Real Estate Investment Property Net	436	439	422	425	435	443	442	468	466	470	474	481
Real Estate Investments Unconsolidated Real Estate…	0	0	9	10	9	9	9	9	10	10	10	10
Real Estate Investments	436	439	432	435	444	452	452	478	475	480	484	491
Cash And Cash Equivalents At Carrying Value	22	4	14	8	6	6	12	7	19	18	3	6
Restricted Cash	-	-	-	2	-	-	-	-	-	-	-	-
Accounts Receivable Net	26	25	23	22	21	20	18	17	16	15	13	11
Deferred Costs Leasing Net	1	1	1	1	1	1	1	1	1	1	1	1
Prepaid Expense Current	2	2	2	2	3	3	3	3	5	5	4	5
Derivative Assets	2	2	-	1	2	3	0	1	3	4	3	6
Disposal Group Including Discontinued Operation Ot…	-	0	-	-	-	-	0	0	0	0	0	0
Assets	488	484	476	500	499	507	508	507	520	522	531	539
Liabilities And Stockhold…
Equity Securities Fv Ni Current And Noncurrent	-	-	-	-	-	-	0	0	0	0	11	10
Secured Debt	24	24	12	30	31	31	31	31	31	31	31	34
Unsecured Debt	-	-	-	-	-	-	-	-	-	-	0	0
Medium Term Notes	250	250	249	249	249	249	249	249	249	249	249	248
Accounts Payable And Accrued Liabilities Current A…	6	4	4	6	3	4	4	5	4	4	4	9
Distribution Payable	2	2	2	2	2	2	2	2	2	2	12	-
Disposal Group Including Discontinued Operation Ot…	-	-	0	0	-	0	0	0	0	0	0	0
Liabilities	288	287	274	295	293	293	294	296	294	294	306	301
Derivative Liabilities	-	-	-	-	-	-	0	1	0	0	0	0
Additional Paid In Capital	338	338	337	336	334	334	349	343	338	336	293	290
Treasury Stock Common Value	-7	-7	-7	-7	-7	-7	-7	-7	-5	-5	-5	-5
Retained Earnings Accumulated Deficit	-171	-172	-168	-165	-163	-157	-154	-152	-148	-145	-146	-133
Accumulated Other Comprehensive Income Loss Net Of…	1	1	1	1	1	1	2	2	2	2	3	3
Stockholders Equity	200	159	202	205	166	171	214	212	187	228	144	238
Minority Interest	39	38	39	40	41	42	24	25	39	40	81	83
Liabilities And Stockholders Equity	488	484	476	500	499	507	508	507	520	522	531	539
Preferred Stock Number Of…
Preferred Stock Dividend Rate Percentage	-	0	0	-	-	0	0	-	-	0	0	-
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	-	-	-	-	-	-	0.001	-
Preferred Stock Shares Authorized	50	-	50	-	-	-	-	-	-	-	50	-
Common Stock Number Of Sh…
Temporary Equity Liquidation Preference	-	-	-	-	-	-	-	-	-	50	-	-
Treasury Stock Value
Treasury Stock Shares1
Treasury Stock Common Shares	0	0	0	0	0	0	0	0	0	0	0	0

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	1.60%	-1.30%	-0.62%	-	-	-	-	-	-	-	-	-
2025	-1.17%	-0.90%	-0.01%	5.66%	3.36%	3.28%	-0.22%	-0.58%	6.39%	12.53%	27.27%	30.74%
2024	5.77%	-5.65%	-1.21%	11.94%	14.56%	20.15%	-5.70%	-11.99%	-13.97%	6.78%	13.44%	-2.89%
2023	-	-	-	17.36%	20.85%	24.41%	3.46%	2.16%	9.79%	17.66%	5.12%	9.81%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	1.43	0.88	0.94	1.02	0.90	1.12	1.36	1.05	0.66	0.80	0.18	0.30
Per Share Metrics
Diluted EPS TTM	0.67	-0.05	0.05	-0.28	-0.46	-0.13	0.21	0.43	-0.10	0.06	-0.96	-1.07
Free Cash Flow Per Share TTM	1.51	1.55	1.48	1.62	1.73	1.84	1.96	1.93	1.80	1.96	2.19	2.46
Dividend Per Share TTM	1.21	1.29	1.24	1.11	1.09	1.10	1.12	0.93	0.92	1.00	1.08	0.90
Margin Metrics
Gross Profit Margin TTM	-	-	-	-	-	-	-	-	-	124.77%	129.23%	-
Operating Profit Margin TTM	52.22%	33.02%	34.10%	34.17%	34.31%	43.05%	47.01%	43.21%	22.49%	20.36%	5.53%	11.30%
Net Profit Margin TTM	18.52%	-1.23%	1.19%	-6.97%	-11.43%	-3.17%	4.98%	9.88%	-2.42%	1.28%	-18.41%	-28.21%
Growth Metrics
Net Revenue Growth (1Y)	-1.81%	-0.62%	-0.80%	-0.80%	-2.73%	-4.58%	-1.00%	36.08%	116.93%	370.49%	-	271.96%
Net Income Growth (1Y)	-259.09%	-61.43%	-76.22%	-169.93%	358.90%	-336.25%	-126.79%	-147.67%	-1,672.23%	-205.39%	24.66%	27.49%
EPS Growth (1Y)	-256.01%	-62.71%	-78.22%	-164.67%	327.98%	-302.98%	-121.79%	-138.15%	-1,354.27%	-192.65%	23.47%	25.83%
Calculated Values
Free Cash Flow TTM	15.56M	16.02M	14.97M	16.53M	17.53M	18.30M	18.24M	18.20M	16.99M	16.78M	16.58M	18.53M
Net Debt	-21.63M	-4.48M	-14.38M	-9.95M	-5.81M	-6.17M	-11.53M	-6.83M	-18.87M	-18.41M	-3.13M	-5.64M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-26Purchase

Owner: Halfacre, Aaron Scott

Title: CEO and President

Shares: 5,766

Price/Share: $17.48

Value: $100,794.05

Shares Owned: 134,245

Relationship: Director,Officer

Ownership: Direct

2025-06-27Purchase

Owner: Halfacre, Aaron Scott

Title: CEO and President

Shares: 500

Price/Share: $14.10

Value: $7,050.00

Shares Owned: 121,501

Relationship: Director,Officer

Ownership: Direct

2025-06-26Purchase

Owner: Halfacre, Aaron Scott

Title: CEO and President

Shares: 129

Price/Share: $14.10

Value: $1,818.90

Shares Owned: 121,001

Relationship: Director,Officer

Ownership: Direct

2025-06-25Purchase

Owner: Gingras, Christopher Raym…

Title: -

Shares: 400

Price/Share: $14.22

Value: $5,688.00

Shares Owned: 8,096

Relationship: Director

Ownership: Direct

2025-06-13Purchase

Owner: Halfacre, Aaron Scott

Title: CEO and President

Shares: 43

Price/Share: $14.09

Value: $605.87

Shares Owned: 120,043

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-26	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	5,766	17.48	$100,794.05	134,245	4
2025-06-27	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	500	14.10	$7,050.00	121,501	4
2025-06-26	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	129	14.10	$1,818.90	121,001	4
2025-06-25	Gingras, Christopher Raym…	Director	-	Direct	Purchase	400	14.22	$5,688.00	8,096	4
2025-06-13	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	43	14.09	$605.87	120,043	4
2025-06-03	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	3,121	14.10	$44,006.10	120,000	4
2025-05-14	Gingras, Christopher Raym…	Director	-	Direct	Purchase	1,000	14.59	$14,590.00	7,599	4
2025-05-14	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	671	14.27	$9,575.17	116,083	4
2025-05-08	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	2,000	14.44	$28,880.00	115,412	4
2024-08-01	First, City Investment Gr…	TenPercentOwner	-	Direct	Sale	123,809	14.80	$1,832,373.20	530,135	4
2024-07-31	First, City Investment Gr…	TenPercentOwner	-	Direct	Purchase	5,000	14.94	$74,700.00	653,944	4
2024-03-28	First, City Investment Gr…	TenPercentOwner	-	Direct	Sale	704	17.30	$12,179.20	648,944	4
2024-03-28	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Sale	1,030	17.13	$17,643.90	104,349	4
2024-03-25	Markman, Adam Scott	Director	-	Direct	Purchase	112	16.44	$1,846.38	20,386	4
2024-03-25	Smith, Kimberly J	Director	-	Direct	Purchase	46	15.90	$737.92	7,772	4
2024-03-25	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	445	15.92	$7,079.62	75,504	4
2024-03-25	Nolan, Thomas H Jr	Director	-	Direct	Purchase	120	15.90	$1,914.52	20,164	4
2024-02-27	Markman, Adam Scott	Director	-	Direct	Purchase	125	14.63	$1,834.46	20,274	4
2024-02-26	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	502	14.05	$7,047.76	75,059	4
2024-02-26	Smith, Kimberly J	Director	-	Direct	Purchase	52	14.00	$732.90	7,726	4
2024-02-26	Nolan, Thomas H Jr	Director	-	Direct	Purchase	136	14.00	$1,901.48	20,044	4
2024-01-29	Halfacre, Aaron Scott	Director,Officer	CEO and President	Direct	Purchase	217	13.93	$3,017.80	74,557	4
2024-01-25	Smith, Kimberly J	Director	-	Direct	Purchase	52	13.88	$727.87	7,673	4
2024-01-25	Nolan, Thomas H Jr	Director	-	Direct	Purchase	136	13.88	$1,888.51	19,908	4
2023-12-26	Smith, Kimberly J	Director	-	Direct	Purchase	44	14.51	$643.37	6,782	4
2023-12-26	Nolan, Thomas H Jr	Director	-	Direct	Purchase	123	14.51	$1,780.52	18,765	4
2023-12-26	Halfacre, Aaron Scott	Director,Officer	CEO	Direct	Purchase	206	14.56	$2,997.18	32,512	4
2023-12-18	Pacini, Raymond J	Officer	CFO	Direct	Purchase	700	14.75	$10,325.00	5,533	4
2023-11-27	Smith, Kimberly J	Director	-	Direct	Purchase	43	15.00	$639.30	6,738	4
2023-11-27	Markman, Adam Scott	Director	-	Direct	Purchase	120	15.00	$1,797.60	19,142	4
2023-11-27	Halfacre, Aaron Scott	Director,Officer	CEO	Direct	Purchase	198	15.05	$2,977.64	32,306	4
2023-11-27	Nolan, Thomas H Jr	Director	-	Direct	Purchase	118	15.00	$1,769.10	18,643	4
2023-10-25	Markman, Adam Scott	Director	-	Direct	Purchase	123	14.49	$1,785.17	19,023	4
2023-10-25	Smith, Kimberly J	Director	-	Direct	Purchase	44	14.49	$634.95	6,695	4
2023-10-25	Nolan, Thomas H Jr	Director	-	Direct	Purchase	121	14.49	$1,757.06	18,525	4
2023-10-25	Halfacre, Aaron Scott	Director,Officer	CEO	Direct	Purchase	203	14.54	$2,957.73	32,109	4
2023-09-29	Markman, Adam Scott	Director	-	Direct	Purchase	200	16.54	$3,308.00	18,001	4
2023-09-25	Halfacre, Aaron Scott	Director,Officer	CEO	Direct	Purchase	209	14.08	$2,939.20	31,905	4
2023-09-25	Smith, Kimberly J	Director	-	Direct	Purchase	40	14.03	$559.94	5,902	4
2023-09-25	Tirondola, Connie	Director	-	Direct	Purchase	40	14.03	$559.94	5,902	4
2023-09-25	Nolan, Thomas H Jr	Director	-	Direct	Purchase	118	14.03	$1,660.59	17,505	4
2023-09-25	Markman, Adam Scott	Director	-	Direct	Purchase	120	14.03	$1,688.65	17,801	4
2023-08-25	Ishaq, Asma	Director	-	Direct	Purchase	47	11.90	$554.90	5,862	4
2023-08-25	Nolan, Thomas H Jr	Director	-	Direct	Purchase	138	11.90	$1,645.89	17,386	4
2023-08-25	Tirondola, Connie	Director	-	Direct	Purchase	47	11.90	$554.90	5,862	4
2023-08-25	Halfacre, Aaron Scott	Director,Officer	CEO	Direct	Purchase	244	11.95	$2,915.08	31,696	4
2023-08-25	Markman, Adam Scott	Director	-	Direct	Purchase	141	11.90	$1,673.74	17,680	4
2023-08-25	Smith, Kimberly J	Director	-	Direct	Purchase	47	11.90	$554.90	5,862	4
2023-07-25	Ishaq, Asma	Director	-	Direct	Purchase	40	13.67	$551.45	5,816	4
2023-07-25	Markman, Adam Scott	Director	-	Direct	Purchase	122	13.67	$1,663.37	17,540	4
2023-07-25	Smith, Kimberly J	Director	-	Direct	Purchase	40	13.67	$551.45	5,816	4
2023-07-25	Nolan, Thomas H Jr	Director	-	Direct	Purchase	120	13.67	$1,635.75	17,248	4
2023-07-25	Halfacre, Aaron Scott	Director,Officer	CEO	Direct	Purchase	211	13.72	$2,895.47	31,453	4
2023-07-25	Tirondola, Connie	Director	-	Direct	Purchase	40	13.67	$551.45	5,816	4
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Institutional Ownership

No data available for chart

2026-03-31

24.95%

Inst. Shares: 2,572,901

Shares Outstanding: 10,313,193

2025-12-31

22.73%

Inst. Shares: 2,305,967

Shares Outstanding: 10,144,791

2025-09-30

21.63%

Inst. Shares: 2,205,781

Shares Outstanding: 10,197,942

2025-06-30

23.46%

Inst. Shares: 2,375,071

Shares Outstanding: 10,123,721

2025-03-31

16.14%

Inst. Shares: 1,609,374

Shares Outstanding: 9,972,967

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	2,572,901	10,313,193	24.95%
2025-12-31	2,305,967	10,144,791	22.73%
2025-09-30	2,205,781	10,197,942	21.63%
2025-06-30	2,375,071	10,123,721	23.46%
2025-03-31	1,609,374	9,972,967	16.14%
2024-12-31	1,391,991	9,293,103	14.98%
2024-09-30	1,034,642	9,430,885	10.97%
2024-06-30	823,155	9,441,485	8.72%
2024-03-31	769,117	8,568,353	8.98%
2023-12-31	728,625	7,558,883	9.64%
2023-09-30	674,364	7,548,052	8.93%
2023-06-30	538,930	7,532,106	7.16%
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MODIV INDUSTRIAL, INC. (MDV) — SEC Financial Statements & Analysis

MODIV INDUSTRIAL, INC. (MDV) is a real estate investment trusts company, incorporated in MD. MODIV INDUSTRIAL, INC. trades on NYSE as: MDV, MDV-PA. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MODIV INDUSTRIAL, INC. reported a -1.81% year-over-year revenue growth, a Gross Profit Margin of 124.77% (TTM). Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -1.81%
Gross Profit Margin TTM: 124.77%

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is MODIV INDUSTRIAL, INC. in?

MODIV INDUSTRIAL, INC. (MDV) operates in the Real Estate Investment Trusts industry.

What exchange does MDV trade on?

MODIV INDUSTRIAL, INC. (MDV) trades on the NYSE.

Where is MODIV INDUSTRIAL, INC. incorporated?

MODIV INDUSTRIAL, INC. is incorporated in MD.