MDV

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Modiv Industrial, Inc. Class C

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Key Metrics

Previous Close: $18.21
52-Week Range: $13.80 – $18.96
Market Cap: $215.10M
P/E (TTM): 50.14
EPS (TTM): 0.36
Dividend Yield: 6.59%

Advanced Metrics

Price/Book: 1.17
PEG Ratio: —
Return on Equity: -0.28%
Return on Assets: 2.54%
Gross Margin: 92.52%
Operating Margin: 40.94%
Profit Margin: 0.32%
Current Ratio: 8.72
Debt/Equity: 1.38
Total Debt: $273.42M
Free Cash Flow: $28.45M
Revenue Growth: -1.10%
Earnings Growth: —
Enterprise Value: $491.45M

MDV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$43.82M	$47.23M	$46.76M	$46.39M
Cost of Revenue	$6.55M	$5.16M	$3.61M	$3.46M
Gross Profit	$37.27M	$42.07M	$43.15M	$42.93M
Selling, General & Admin	$10.21M	$17.81M	$7.93M	$8.73M
Operating Expenses	$25.14M	$33.37M	$24.53M	$23.81M
Operating Income	$12.13M	$8.71M	$18.62M	$19.11M
EBITDA	$18.04M	$24.36M	$42.47M	$32.77M
Pretax Income	-$4.51M	-$8.70M	$6.49M	$554.00K
Net Income	-$3.29M	-$6.61M	$6.02M	$1.07M
Diluted EPS	-0.93	-1.36	0.25	-0.31
Diluted Shares	7.49M	7.56M	11.19M	11.68M

MDV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$8.61M	$3.13M	$11.53M	$14.38M
Receivables	$9.14M	$12.79M	$18.46M	$23.44M
Inventory	$5.27M	$11.66M	$22.37M	$3.90M
Current Assets	$23.02M	$27.59M	$52.36M	$41.72M
Total Assets	$454.43M	$530.90M	$507.83M	$476.46M
Current Liabilities	$158.22M	$265.21M	$254.93M	$255.22M
Long-Term Debt	$44.44M	$31.03M	$30.78M	$11.99M
Total Debt	$195.45M	$279.54M	$279.78M	$261.48M
Total Liabilities	$213.40M	$305.77M	$293.78M	$274.41M
Retained Earnings	-$117.94M	-$145.55M	-$154.07M	-$168.10M
Shareholders' Equity	$159.75M	$144.44M	$190.15M	$162.75M
Working Capital	-$135.20M	-$237.63M	-$202.56M	-$213.50M
Net Debt	$186.85M	$276.41M	$268.25M	$247.10M

MDV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$16.65M	$16.58M	$18.24M	$14.97M
Free Cash Flow	$16.65M	$16.58M	$18.24M	$14.97M
Depreciation & Amortisation	$13.92M	$14.74M	$15.75M	$14.23M
Stock-Based Compensation	$2.40M	$11.17M	$1.59M	$2.92M
Investing Cash Flow	-$61.06M	-$93.60M	$8.39M	$27.80M
Financing Cash Flow	-$5.38M	$71.54M	-$18.23M	-$39.92M
Dividends Paid	-$11.07M	-$11.84M	-$14.13M	-$15.91M
Share Repurchases	-$4.16M	-$1.13M	-$11.53M	-$7.11M
Net Change in Cash	-$49.80M	-$5.48M	$8.40M	$2.85M

MDV Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$11.79M	$11.83M	$11.69M	$11.07M	$11.70M
Cost of Revenue	$846.00K	$828.00K	$916.00K	$870.00K	$905.00K
Gross Profit	$10.95M	$11.01M	$10.77M	$10.20M	$10.80M
Selling, General & Admin	$2.48M	$2.01M	$2.18M	$2.06M	$2.31M
Operating Expenses	$6.29M	$5.84M	$5.93M	$5.75M	$6.03M
Operating Income	$4.65M	$5.17M	$4.84M	$4.45M	$4.77M
EBITDA	$8.87M	$5.45M	$9.12M	$9.04M	$7.07M
Pretax Income	$829.00K	-$2.63M	$1.08M	$1.28M	-$295.00K
Net Income	$829.00K	-$2.02M	$1.05M	$1.21M	-$113.00K
Diluted EPS	-0.01	-0.32	0.00	0.02	-0.11
Diluted Shares	11.32M	11.72M	11.79M	11.87M	11.91M

MDV Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$6.17M	$5.81M	$8.26M	$14.38M	$4.48M
Receivables	$19.57M	$20.82M	$22.13M	$23.44M	$24.58M
Inventory	$22.37M	$22.37M	$28.09M	$3.90M	$10.73M
Current Assets	$48.10M	$49.01M	$60.16M	$41.72M	$39.79M
Total Assets	$506.80M	$498.85M	$499.57M	$476.46M	$484.28M
Current Liabilities	$254.89M	$254.46M	$256.96M	$255.22M	$255.90M
Long-Term Debt	$30.65M	$30.52M	$30.38M	$11.99M	$23.71M
Total Debt	$279.75M	$279.75M	$279.74M	$261.48M	$273.42M
Total Liabilities	$293.43M	$292.64M	$294.77M	$274.41M	$286.57M
Retained Earnings	-$156.97M	-$162.76M	-$165.50M	-$168.10M	-$172.08M
Shareholders' Equity	$171.11M	$165.60M	$164.82M	$162.75M	$159.31M
Working Capital	-$206.78M	-$205.46M	-$196.79M	-$213.50M	-$216.11M
Net Debt	$273.58M	$273.93M	$271.48M	$247.10M	$268.94M

MDV Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$3.05M	$3.94M	$4.14M	$3.84M	$4.10M
Free Cash Flow	$3.05M	$3.94M	$4.14M	$3.84M	$4.10M
Depreciation & Amortisation	$3.61M	$3.62M	$3.53M	$3.48M	$3.50M
Stock-Based Compensation	$484.00K	$810.00K	$811.00K	$810.00K	$804.00K
Investing Cash Flow	-$864.00K	$1.15M	$3.08M	$24.44M	-$7.97M
Financing Cash Flow	-$7.55M	-$5.44M	-$3.08M	-$23.84M	-$6.04M
Dividends Paid	-$3.76M	-$4.03M	-$4.02M	-$4.10M	-$4.31M
Share Repurchases	-$4.85M	-$1.68M	$0.00	-$581.00K	-$526.00K
Net Change in Cash	-$5.37M	-$351.00K	$4.13M	$4.43M	-$9.90M

Market Snapshot

About

Modiv Industrial, Inc. Class C is a real estate investment trust focused on acquiring single-tenant industrial properties leased to creditworthy tenants under long-term net leases. The company targets warehouse, distribution, manufacturing, and logistics facilities across the United States.