Modiv Industrial, Inc. MDV
Modiv Industrial, Inc. is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.
Snapshot
Reported FFO / AFFO / leverage are from the FY 2025 earnings release (filed 2026-03-25) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $46.39M | $1.07M | $15.09M | $33.19M | $14.97M |
| 2024 | $46.76M | $6.02M | $16.60M | $42.47M | $18.24M |
| 2023 | $47.23M | $-6.61M | $15.55M | $24.36M | $16.58M |
| 2022 | $43.82M | $-3.29M | $14.93M | $18.04M | $16.65M |
| 2021 | $37.89M | $-435.50K | $15.27M | $22.56M | $9.73M |
| 2020 | $38.94M | $-49.14M | $16.22M | $20.17M | $5.58M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-08-03 | 2026-08-03 | 2026-08-10 | 2026-06-10 | $0.10 | Monthly |
| 2026-07-31 | 2026-07-31 | 2026-08-10 | 2026-06-10 | $0.10 | Monthly |
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-03-17 | $0.10 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-15 | 2026-03-17 | $0.10 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-15 | 2026-03-17 | $0.10 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-01-16 | $0.10 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-13 | 2026-01-16 | $0.10 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2026-01-16 | $0.10 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-10-07 | $0.10 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-15 | 2025-10-07 | $0.10 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-14 | 2025-10-07 | $0.10 | Monthly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-05-06 | $0.10 | Monthly |
| 2025-08-29 | 2025-08-29 | 2025-09-15 | 2025-05-06 | $0.10 | Monthly |
| 2025-07-31 | 2025-07-31 | 2025-08-15 | 2025-05-06 | $0.10 | Monthly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-03-13 | $0.10 | Monthly |
| 2025-05-30 | 2025-05-30 | 2025-06-16 | 2025-03-13 | $0.10 | Monthly |
| 2025-04-30 | 2025-04-30 | 2025-05-15 | 2025-03-13 | $0.10 | Monthly |
| 2025-03-31 | 2025-03-31 | 2025-04-25 | 2024-11-06 | $0.10 | Monthly |
| 2025-02-28 | 2025-02-28 | 2025-03-25 | 2024-11-06 | $0.10 | Monthly |
| 2025-01-31 | 2025-01-31 | 2025-02-25 | 2024-11-06 | $0.10 | Monthly |
| 2024-12-31 | 2024-12-31 | 2025-01-27 | 2024-07-31 | $0.10 | Monthly |
| 2024-11-29 | 2024-11-29 | 2024-12-24 | 2024-07-31 | $0.10 | Monthly |
| 2024-10-31 | 2024-10-31 | 2024-11-25 | 2024-07-31 | $0.10 | Monthly |
| 2024-09-30 | 2024-09-30 | 2024-10-25 | 2024-05-22 | $0.10 | Monthly |
Coverage (payout of operating cash flow): 93.62%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.