| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Land | 98,175 | 98,738 | ||
| Buildings and improvements | 383,020 | 388,564 | ||
| Equipment | 0 | 0 | ||
| Tenant origination and absorption costs | 13,638 | 13,638 | ||
| Total investments in real estate property | 494,833 | 500,940 | ||
| Accumulated depreciation and amortization | 69,512 | 66,176 | ||
| Total real estate investments, net, excluding unconsolidated investment in real estate property and real estate investments held for sale, net | 425,321 | 434,764 | ||
| Unconsolidated investment in a real estate property | 9,510 | 9,262 | ||
| Total real estate investments, net, excluding real estate investments held for sale, net | 434,831 | 444,026 | ||
| Real estate investments held for sale, net | 28,087 | 22,372 | ||
| Total real estate investments, net | 462,918 | 466,398 | ||
| Cash and cash equivalents | 8,264 | 5,814 | ||
| Restricted cash | 1,683 | - | ||
| Tenant deferred rent and other receivables | 22,130 | 20,820 | ||
| Above-market lease intangibles, net | 1,184 | 1,203 | ||
| Prepaid expenses and other assets | 2,429 | 2,514 | ||
| Interest rate swap derivatives | 963 | 2,103 | ||
| Total assets | 499,571 | 498,852 | ||
| Mortgage notes payable, net | 30,383 | 30,516 | ||
| Credit facility term loan, net | 249,360 | 249,231 | ||
| Accounts payable, accrued and other liabilities | 5,690 | 3,333 | ||
| Distributions payable | 2,038 | 2,027 | ||
| Below-market lease intangibles, net | 7,298 | 7,530 | ||
| Other liabilities related to real estate investments held for sale | 0 | - | ||
| Total liabilities | 294,769 | 292,637 | ||
| 7.375 series a cumulative redeemable perpetual preferred stock, 0.001 par value 25.00 per share liquidation preference 2,000,000 shares authorized 1,725,000 outstanding as of june30, 2025 and 2,000,000 outstanding as of december31, 2024-Series A | 2 | 2 | ||
| Class c common stock, 0.001 par value, 300,000,000 shares authorized 10,614,130 shares issued and 10,146,811 shares outstanding as of june30, 2025, and 10,404,211 shares issued and 9,936,892 outstanding as of december31, 2024-Common Class C | 11 | 11 | ||
| Additional paid-in-capital | 336,286 | 334,096 | ||
| Treasury stock, at cost, 467,319 shares held as of each june30, 2025 and december31, 2024 | 7,112 | 7,112 | ||
| Cumulative distributions and net losses | -165,497 | -162,761 | ||
| Accumulated other comprehensive income | 1,127 | 1,367 | ||
| Total modiv industrial, inc. equity | 164,817 | 165,603 | ||
| Noncontrolling interests in the operating partnership | 39,985 | 40,612 | ||
| Total equity | 204,802 | 206,215 | ||
| Total liabilities and equity | 499,571 | 498,852 | ||
MODIV INDUSTRIAL, INC. (MDV)
MODIV INDUSTRIAL, INC. (MDV)