MDV · As filed with the SEC
Modiv Industrial balance sheet, 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 Balance Sheets · USD thousands
| USD thousands | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 |
|---|---|---|---|---|
| Assets | ||||
| Real estate investments: | ||||
| Land | 98,175 | 98,009 | 104,858.69 | 103,657.24 |
| Buildings and improvements | 383,540 | 386,102 | 399,666.78 | 329,867.10 |
| Equipment | 0 | 4,429 | 4,429 | 4,429 |
| Tenant origination and absorption costs | 13,638 | 13,194 | 15,707.46 | 19,499.75 |
| Total investments in real estate property | 495,353 | 501,734 | 524,661.93 | 457,453.09 |
| Accumulated depreciation and amortization | (73,208) | (59,524) | (50,901.61) | (46,752.32) |
| Total real estate investments, net, excluding unconsolidated investment in real estate property and real estate investments held for sale, net | 422,145 | 442,210 | 473,760.32 | 410,700.76 |
| Unconsolidated investment in a real estate property | — | — | — | 10,007.42 |
| Unconsolidated investment in a real estate property | 9,437 | 9,324 | 10,053.93 | — |
| Total real estate investments, net, excluding real estate investments held for sale, net | 431,582 | 451,534 | 483,814.25 | 420,708.18 |
| Real estate investments held for sale, net | 3,901 | 22,372 | 11,557.69 | 5,255.73 |
| Total real estate investments, net | 435,483 | 473,906 | 495,371.94 | 425,963.91 |
| Cash and cash equivalents | 14,381 | 11,530 | 3,129.41 | 8,608.65 |
| Restricted cash | — | — | — | 0 |
| Receivable from early termination of lease | — | — | — | 0 |
| Tenant receivables | — | — | — | 8,859.33 |
| Tenant deferred rent and other receivables | 23,436 | 18,460 | 12,794.57 | — |
| Above-market lease intangibles, net | 1,169 | 1,240 | 1,313.96 | 1,850.76 |
| Prepaid expenses and other assets | 1,988 | 2,693 | 4,173.22 | 6,100.94 |
| Investment in preferred stock | — | 0 | 11,038.66 | — |
| Interest rate swap derivative | — | 0 | 2,970.73 | 4,629.70 |
| Other assets related to real estate investments held for sale | — | 0 | 103.34 | 12.77 |
| Goodwill, net | — | — | — | 0 |
| Total assets | 476,457 | 507,829 | 530,895.83 | 456,026.05 |
| Liabilities and Equity | ||||
| Mortgage notes payable, net | 11,994 | 30,777 | 31,030.24 | 44,435.56 |
| Mortgage notes payable related to real estate investments held for sale, net | — | — | — | 0 |
| Total mortgage notes payable, net | — | — | — | 44,435.56 |
| Credit facility revolver | — | — | 0 | 3,000 |
| Credit facility term loan, net | 249,489 | 248,999 | 248,508.52 | 148,018.16 |
| Accounts payable, accrued and other liabilities | 3,831 | 4,035 | 4,469.51 | 9,245.93 |
| Distributions payable | 2,031 | 1,994 | 12,174.98 | — |
| Below-market lease intangibles, net | 7,067 | 7,948 | 8,868.60 | 9,675.69 |
| Interest rate swap derivative | — | 0 | 473.35 | 498.87 |
| Other liabilities related to real estate investments held for sale | 0 | 26 | 248.73 | 117.88 |
| Total liabilities | 274,412 | 293,779 | 305,773.92 | 214,992.09 |
| Series A | 2 | 2 | 2 | 2 |
| Class C common stock | 11 | 10 | 8.05 | 7.76 |
| Class S | — | 0 | 0 | 0 |
| Additional paid-in-capital | 337,028 | 349,479 | 292,617.49 | 278,339.02 |
| Treasury stock, at cost, 467,319 shares held as of each June 30, 2025 and December 31, 2024 | (7,112) | (7,112) | (5,290.78) | (4,161.62) |
| Cumulative distributions and net losses | (168,100) | (154,074) | (145,551.59) | (117,938.88) |
| Accumulated other comprehensive income | 919 | 1,841 | 2,658.17 | 3,502.62 |
| Total Modiv Industrial, Inc. equity | 162,748 | 190,146 | 144,443.34 | 159,750.90 |
| Noncontrolling interests in the Operating Partnership | 39,297 | 23,904 | 80,678.57 | 81,283.06 |
| Total equity | 202,045 | 214,050 | 225,121.91 | 241,033.96 |
| Total liabilities and equity | 476,457 | 507,829 | 530,895.83 | 456,026.05 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.