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Modiv Industrial

MDV

Modiv Industrial, Inc. is an internally-managed real estate investment trust (REIT) focused on acquiring and managing a portfolio of single-tenant net-lease properties across the United States.

Market cap
$182.42M+25.8%
Revenue$46.3M-0.6%
Net income$152.0K-95.1%
EPS (diluted)-$0.43-330%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$11.6M
EPS estimate$0.03

Financials

Q1 2026

Income statement

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Revenue$11.7M-0.8%
Operating income$4.2M-11.2%
Net income-$87.0K-110%
EPS (diluted)-$0.11-1,000%

Balance sheet

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Cash & equivalents$4.5M-27.4%
Total debt$285.4M+1.8%
Total equity$159.3M-6.9%
Total assets$484.3M-4.4%

Cash flow

See full
Operating cash flow$4.1M+34.6%

Valuation & ratios

Valuation

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Market cap$182.42M+25.8%
Enterprise value$463.35M+10.0%
P/E1,200.1×+1,137×
P/S3.9×+0.8×

Profitability

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Operating margin33%-10.0pp
Net margin0.3%-6.4pp

Returns & leverage

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Return on equity0.1%-1.6pp
Debt / equity1.8×+0.2×

Competitors

Profile

Modiv Industrial, Inc. is an internally-managed real estate investment trust (REIT) focused on acquiring and managing a portfolio of single-tenant net-lease properties across the United States. The company specializes in critical industrial manufacturing facilities with long-term leases to tenants that support national supply chains. Its core value proposition is providing investors with monthly dividends generated from a durable portfolio of income-producing real estate.

Competitive position

A specialized REIT transitioning into a pure-play industrial manufacturing focus with a high weighted average lease term and a significant portion of investment-grade tenants.

GeographiesUnited States
Customer segmentsIndustrial Manufacturers, Commercial Tenants, Public Sector
Business modelTriple-Net Lease, Sale-Leaseback, REIT
SuppliersCommercial Real Estate Sellers, Debt Financing Providers, Equity Capital Markets, Property Developers
CustomersIndustrial Manufacturing Companies, State Government Agencies, Retail and Office Tenants
Listed2022
Employees12.0
CEOAaron S. Halfacre
Websitemodiv.com
FilingsSEC EDGAR

Questions, answered.

What is Modiv Industrial's market cap?
Modiv Industrial (MDV) has a market capitalization of $182.4M and trades on NYSE.
What is Modiv Industrial's revenue and profitability?
Modiv Industrial generated $46.3M in trailing twelve-month revenue with net income of $152.0K, representing a net margin of 0.3%. These figures are based on the Q1 2026 filing.
Who are Modiv Industrial's competitors?
Modiv Industrial's key competitors include STAG Industrial, Inc., LXP Industrial Trust, Prologis, Inc., and others. These companies compete in similar markets and product categories.
Who does Modiv Industrial partner with?
Modiv Industrial's notable partners include State of California Office of Emergency Services.
What subsidiaries does Modiv Industrial have?
Modiv Industrial's subsidiaries include Modiv Operating Partnership, LP.
Where is Modiv Industrial headquartered?
Modiv Industrial is headquartered in United States of America and employs approximately 12 people. It has been publicly traded since 2022.