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Modiv Industrial MDV Tenant Improvements

Tenant Improvements at other companies

Rexford Industrial Realty logo
Rexford Industrial RealtyREXR
$205.66M+13.2%
Gladstone Commercial Corporation logo
Gladstone Commercial CorporationGOOD

Other financials

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

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Operating cash flow$4.1M+34.6%
CapEx$130.7K
Free cash flow$4.0M+65.8%

Valuation

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Market cap$179.63M+25.7%
Enterprise value$460.56M+10.3%
P/E1,181.8×+1,120×
P/S3.9×+0.8×

Profitability

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Operating margin33%-10.0pp
Net margin0.3%-6.4pp
FCF margin34.9%+9.2pp

Returns & leverage

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

Where this comes from

Reported directly by Modiv Industrial in its filing.

Tagged under the XBRL concept us-gaap:TenantImprovements.

The official record: Modiv Industrial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Modiv Industrial's tenant improvements?
Modiv Industrial (MDV) reported tenant improvements of $13.54M in Q1 2026.
How has Modiv Industrial's tenant improvements changed year-over-year?
Modiv Industrial's tenant improvements decreased by 0.7% year-over-year, from $13.64M to $13.54M.
What is the long-term trend for Modiv Industrial's tenant improvements?
Over 5 years (2020 to 2025), Modiv Industrial's tenant improvements has grown at a -10.5% compound annual growth rate (CAGR), from $23.79M to $13.64M.
What does tenant improvements mean?
This represents the capitalized costs incurred to customize or renovate leased commercial properties to meet specific tenant requirements. These improvements are amortized over the life of the lease and are critical for maintaining property competitiveness and occupancy rates. High balances indicate significant investment in property quality to attract or retain high-quality tenants.