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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Rental | 45,823 | 46,497 | 46,936.60 | — | — | — | — | — |
| Management fee income | — | 264 | — | — | — | — | — | — |
| Other property | 564 | — | — | — | — | — | — | — |
| Total revenue | 46,387 | 46,761 | — | — | — | — | — | 17,984.63 |
| Expenses: | ||||||||
| Fees to affiliates | — | — | — | — | — | 0 | 3,305.02 | 2,843.81 |
| General and administrative | 5,811 | 6,340 | 6,642.99 | 7,812.06 | 12,649.04 | 10,399.19 | 2,711.57 | 2,570.53 |
| Self-management transaction expense | — | — | — | — | 0 | 201.92 | 1,468.91 | — |
| 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 | 15,266.94 | 17,592.25 | 9,848.13 | 6,988.93 |
| Property | 3,460 | 3,613 | 5,161.02 | 8,899.63 | 6,691.90 | 6,999.18 | 4,877.66 | 3,185.63 |
| Total expenses | — | — | — | — | — | — | — | 21,166.72 |
| (Reversal of)/impairment of real estate investment properties | — | — | — | — | (401.00) | — | — | — |
| Impairment of real estate investment property | — | 0 | 4,387.62 | 2,080.73 | — | — | — | — |
| Impairment of goodwill and intangible assets | — | — | — | 17,320.86 | 3,767.19 | 34,572.40 | — | — |
| Impairment of goodwill | — | — | 0 | — | — | — | — | — |
| Impairment of real estate investment property | 5,814 | — | — | — | — | 10,267.63 | — | — |
| Total expenses | 33,087 | 28,140 | 42,914.01 | 61,550.52 | 45,560.27 | 91,493.32 | 29,593.91 | — |
| Less: Expenses reimbursed/fees waived by Sponsor or affiliates | — | — | — | — | — | 0 | (332.34) | (1,136.47) |
| Net expenses | — | — | — | — | — | — | 29,261.57 | 20,030.25 |
| Net expenses | — | — | — | — | — | 91,493.32 | — | — |
| Gain on sale of real estate investments, net | 2,520 | 3,360 | (1,708.80) | 12,196.37 | 7,803.70 | 4,139.75 | — | — |
| Operating income | 15,820 | 21,981 | 2,313.79 | (3,179.88) | (1,533.85) | (48,450.14) | — | — |
| Other income (expense): | ||||||||
| Lease termination expense | — | — | — | — | 0 | (1,039.65) | — | — |
| Interest income | — | 474 | 325.89 | 21.91 | 21.33 | 4.92 | 66.57 | 17.88 |
| 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 | 276.04 | 296.78 | 234.05 | 226.02 |
| 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 | 7,586.20 | 11,460.75 | 7,382.61 | 5,577.83 |
| 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) | 517 | — | — | — |
| Other | — | — | 297.70 | 93.97 | 283.97 | 46.18 | — | — |
| Other expense, net | (15,266) | (15,488) | (11,010.05) | (1,331.44) | 1,098.34 | (691.77) | 300.62 | 243.90 |
| 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) | (435.51) | (49,141.91) | (4,415.99) | (1,801.72) |
| Net loss per common share, basic and diluted (In USD Per Share) | — | — | — | — | — | (6.14) | (0.29) | (0.16) |
| Weighted-average number of shares of common stock outstanding, basic and diluted (In Shares) | — | — | — | — | — | 8,006,276 | 15,036,474 | 11,069,864 |
| Preferred stock dividends | (3,202) | (3,688) | (3,687.5) | (3,687.5) | (1,065.28) | — | — | — |
| Net loss attributable to common stockholders, diluted | — | — | — | — | (1,500.78) | — | — | — |
| Net (loss) income attributable to common stockholders | (2,134) | 2,330 | (10,301.34) | (6,976.04) | (1,500.78) | — | — | — |
| 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) | (0.20) | — | — | — |
| Diluted (in usd per share) | (0.31) | 0.25 | (1.36) | (0.93) | (0.20) | — | — | — |
| Weighted-average number of common shares outstanding | ||||||||
| Basic (in shares) | 10,144,791 | 9,293,103 | 7,558,833 | 7,487,204 | 7,544,834 | — | — | — |
| Diluted (in shares) | 11,676,838 | 11,188,974 | 7,558,833 | 7,487,204 | 7,544,834 | — | — | — |
| Rental income | — | — | — | 46,174.27 | 36,222.72 | 38,903.43 | 24,544.96 | — |
| Rental income | — | — | — | — | — | — | — | 14,726.05 |
| Tenant reimbursements | — | — | — | — | — | — | — | 3,258.58 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.