MDV · As filed with the SEC
Modiv Industrial income statement, by fiscal year
The statement as Modiv Industrial presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Rental | 45,823 | 46,497 | 46,936.60 | — |
| Management fee income | — | 264 | — | — |
| Other property | 564 | — | — | — |
| Total revenue | 46,387 | 46,761 | — | — |
| Expenses: | ||||
| General and administrative | 5,811 | 6,340 | 6,642.99 | 7,812.06 |
| Stock compensation | 2,915 | 1,586 | 11,171.21 | 2,401.02 |
| Depreciation and amortization | 15,087 | 16,601 | 15,551.17 | 14,929.57 |
| Property | 3,460 | 3,613 | 5,161.02 | 8,899.63 |
| Impairment of real estate investment property | — | 0 | 4,387.62 | 2,080.73 |
| Impairment of goodwill and intangible assets | — | — | — | 17,320.86 |
| Impairment of goodwill | — | — | 0 | — |
| Impairment of real estate investment property | 5,814 | — | — | — |
| Total expenses | 33,087 | 28,140 | 42,914.01 | 61,550.52 |
| Gain on sale of real estate investments, net | 2,520 | 3,360 | (1,708.80) | 12,196.37 |
| Operating income | 15,820 | 21,981 | 2,313.79 | (3,179.88) |
| Other income (expense): | ||||
| Interest income | — | 474 | 325.89 | 21.91 |
| Interest and other income | 893 | — | — | — |
| Dividend income | 0 | 113 | 475 | — |
| Income from unconsolidated investment in a real estate property | 758 | 297 | 279.55 | 278.00 |
| Gain on forgiveness of economic relief note payable | — | — | — | 0 |
| Interest expense, including unrealized loss on interest rate swaps and net of derivative settlements | — | — | (13,806.84) | 8,106.66 |
| Interest expense, net of unrealized gain on interest rate swaps and derivative settlements | (16,917) | (16,221) | — | — |
| Loss on equity investments | — | (151) | — | — |
| Loss on equity investments | 0 | 0 | 1,418.66 | — |
| Loss on early extinguishment of debt | — | — | 0 | (1,725.32) |
| Other | — | — | 297.70 | 93.97 |
| Other expense, net | (15,266) | (15,488) | (11,010.05) | (1,331.44) |
| Net income | 554 | 6,493 | (8,696.26) | (4,511.32) |
| Less: net loss (income) attributable to noncontrolling interests in Operating Partnership | 514 | (475) | 2,082.42 | (1,222.78) |
| Net income attributable to Modiv Industrial, Inc. | 1,068 | 6,018 | (6,613.84) | (3,288.54) |
| Preferred stock dividends | (3,202) | (3,688) | (3,687.5) | (3,687.5) |
| Net (loss) income attributable to common stockholders | (2,134) | 2,330 | (10,301.34) | (6,976.04) |
| Earnings (loss) per share attributable to common stockholders and Class C OP Units: | ||||
| Basic (in usd per share) | (0.31) | 0.25 | (1.36) | (0.93) |
| Diluted (in usd per share) | (0.31) | 0.25 | (1.36) | (0.93) |
| Weighted-average number of common shares outstanding | ||||
| Basic (in shares) | 10,144,791 | 9,293,103 | 7,558,833 | 7,487,204 |
| Diluted (in shares) | 11,676,838 | 11,188,974 | 7,558,833 | 7,487,204 |
| Rental income | — | — | — | 46,174.27 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.