MDV · As filed with the SEC
Modiv Industrial cash flow 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 Cash Flows · USD
| USD | 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 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||||||
| Net loss | — | — | — | — | (435,505) | (49,141,910) | (4,415,992) | (1,801,724) |
| Net income | 554,000 | 6,493,000 | (8,696,261) | (4,511,318) | — | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 15,087,000 | 16,601,000 | 15,551,173 | 14,929,574 | 15,266,936 | 17,592,253 | 9,848,130 | 6,988,925 |
| Stock compensation expense | 2,915,000 | 1,586,000 | 11,171,207 | 2,401,022 | 2,744,883 | 712,217 | 372,500 | 167,835 |
| Amortization of deferred rents | (5,048,000) | (5,716,000) | (6,232,257) | (1,665,925) | 188,297 | (1,591,012) | (1,309,272) | (1,236,145) |
| Amortization of deferred lease incentives | — | — | — | — | — | 61,204 | 61,203 | 8,350 |
| Tenant reimbursement used for rent credit | — | — | — | — | — | — | — | 0 |
| Amortization of deferred financing costs | — | — | — | — | — | — | — | 927,535 |
| Amortization of above-market lease intangibles | — | — | — | — | — | — | — | 97,045 |
| Amortization of deferred financing costs and premiums | — | — | — | — | — | 1,025,093 | 638,200 | — |
| Amortization of above-market lease intangibles | — | — | — | — | — | — | 97,045 | — |
| Amortization of deferred lease incentives | — | 0 | 153,581 | 412,098 | 245,438 | — | — | — |
| Amortization of deferred financing costs and premium/discount | — | — | — | 484,930 | 369,286 | — | — | — |
| Amortization of above-market lease intangibles | — | — | — | 197,224 | 129,823 | 169,857 | — | — |
| Write-off and amortization of deferred financing costs and premium/discount | — | 1,192,000 | 766,738 | — | — | — | — | — |
| Amortization of deferred financing costs and premium/discount | 629,000 | — | — | — | — | — | — | — |
| Amortization of (below) above market lease intangibles, net | (854,000) | (847,000) | (807,794) | (1,202,711) | (1,462,797) | (1,541,313) | (646,745) | (406,329) |
| Impairment of real estate investment properties | — | — | — | — | — | 10,267,625 | — | — |
| Impairment of real estate investment property | 5,814,000 | 0 | 4,387,624 | 2,080,727 | (400,999) | — | — | — |
| Impairment of goodwill and intangible assets | — | — | — | 17,320,857 | 3,767,190 | 34,572,403 | — | — |
| Write-off of purchase deposit | — | — | — | 375,000 | — | — | — | — |
| Loss on equity investments | — | 151,000 | — | — | — | — | — | — |
| Loss on equity investments | 0 | 0 | (1,418,658) | — | — | — | — | — |
| Impairment of goodwill | — | — | 0 | — | — | — | — | — |
| Gain on sale of real estate investments, net | (2,520,000) | (3,360,000) | 1,708,801 | (12,196,371) | (7,803,702) | (4,139,749) | — | — |
| Write-off of deferred financing costs upon early termination of mortgage notes payable | — | — | — | 1,164,999 | — | — | — | — |
| Unrealized loss on interest rate swap valuation | — | 1,479,000 | 618,300 | (25,733) | (970,039) | 770,898 | 820,496 | 157,613 |
| Gain on forgiveness of economic relief note payable | — | — | — | 0 | — | — | — | — |
| Gain on extinguishment of interest rate swaps | — | — | 0 | (788,016) | — | — | — | — |
| Amortization of unrealized holding gain and unrealized gain on non-designated or ineffective interest rate derivative instruments | (1,015,000) | — | — | — | — | — | — | — |
| Adjustment for receipts from off-market interest rate derivatives | (4,581,000) | — | — | — | — | — | — | — |
| Amortization of off-market interest rate derivatives | 3,909,000 | — | — | — | — | — | — | — |
| Loss on early extinguishment of debt | 768,000 | — | — | — | (517,000) | — | — | — |
| Income from unconsolidated investment in a real estate property | (758,000) | (297,000) | (279,549) | (278,002) | (276,042) | (296,780) | (234,048) | (226,024) |
| Distributions from unconsolidated investment in a real estate property | 646,000 | 1,027,000 | 231,864 | 211,921 | 337,072 | 683,000 | 1,029,786 | 896,670 |
| Changes in operating assets and liabilities: | ||||||||
| (Increase) decrease in tenant rent and other receivables | (13,000) | 71,000 | 386,149 | (2,072,718) | 753,906 | 122,292 | (946,209) | (1,159,874) |
| Due from affiliate | — | — | — | — | — | — | 0 | 17,356 |
| Increase in note receivable | — | — | — | 0 | (1,836,767) | — | — | — |
| (Increase) decrease in prepaid expenses and other assets | (31,000) | 460,000 | (59,297) | 555,343 | (1,348,858) | (357,458) | (1,374,345) | 8,592 |
| Decrease in accounts payable, accrued and other liabilities | (535,000) | (599,000) | (903,393) | (744,080) | 977,563 | (2,703,292) | 1,770,491 | 1,373,044 |
| Decrease in due to affiliates | — | — | — | — | 0 | (628,488) | (962,336) | 69,020 |
| Net cash provided by operating activities | 14,967,000 | 18,241,000 | 16,578,228 | 16,648,821 | 9,728,685 | 5,576,840 | 4,748,904 | 5,881,889 |
| Cash Flows from Investing Activities: | ||||||||
| Acquisitions of real estate investments | — | — | — | (127,144,030) | (15,162,305) | 0 | (24,820,410) | (87,064,535) |
| Acquisitions of real estate investments | (345,000) | (5,183,000) | (122,778,215) | — | — | — | 0 | (422,440) |
| Refundable purchase deposits | — | — | — | — | — | — | — | (100,000) |
| Improvements to existing real estate investments and other assets | (506,000) | (1,847,000) | (4,749,686) | (4,353,938) | (1,356,038) | (673,631) | (1,665,180) | (1,730,666) |
| Payment of tenant improvements | — | — | — | — | — | 0 | (3,486,927) | — |
| Payments of acquisition fees to affiliate | — | — | — | — | — | 0 | (746,459) | (2,702,043) |
| Funding of amounts due from affiliate | — | — | — | — | — | — | — | 0 |
| Cash acquired from acquisitions of affiliates | — | — | — | — | — | 0 | 1,016,507 | — |
| Additions to intangible assets | — | — | — | 0 | (195,750) | (566,102) | — | — |
| Collection of receivable from early termination of lease | — | — | 0 | 1,836,767 | — | — | — | — |
| Collection of receivable from sale of real estate property | — | — | — | 0 | 1,824,383 | — | — | — |
| Net proceeds from sale of real estate investments | 27,137,000 | 15,023,000 | 34,737,474 | 70,662,287 | 37,719,998 | 27,008,028 | — | — |
| Net proceeds from sale of investment in common stock | 0 | 652,000 | — | — | — | — | — | — |
| Purchase deposits applied (paid) | 150,000 | — | — | — | — | — | — | — |
| Sale deposits received, net of applied | 300,000 | (250,000) | (811,807) | 84,452 | (1,000,000) | 0 | 100,000 | — |
| Payment of lease incentives | — | — | — | (2,148,731) | 0 | (990,000) | — | — |
| Payment of lease incentives | — | — | 0 | — | — | — | — | — |
| Proceeds from the settlement of property-related insurance claims | 684,000 | — | — | — | — | — | — | — |
| Investments in off-market interest rate derivatives | (4,200,000) | — | — | — | — | — | — | — |
| Receipts from off-market interest rate derivatives | 4,581,000 | — | — | — | — | — | — | — |
| Net cash provided by investing activities | 27,801,000 | 8,395,000 | (93,602,234) | (61,063,193) | 21,830,288 | 24,778,295 | (29,602,469) | (92,019,684) |
| Cash Flows from Financing Activities: | ||||||||
| Borrowings from credit facility | — | — | — | — | 14,022,000 | 4,260,000 | 12,609,000 | 36,450,000 |
| Repayments of credit facility | — | — | — | — | (12,000,000) | (6,000,000) | (13,869,000) | (39,450,000) |
| Borrowings from credit facility term loan | — | 0 | 100,000,000 | 150,000,000 | — | — | — | — |
| Proceeds from long-term lines of credit | — | — | — | 3,000,000 | — | — | — | — |
| (Repayments) borrowings from prior credit facility revolver, net | — | — | — | (8,022,000) | — | — | — | — |
| Proceeds from mortgage notes payable | — | — | — | 0 | 25,436,000 | 35,705,500 | 23,100,000 | 75,687,500 |
| Repayments of credit facility revolver, net | — | 0 | (3,000,000) | — | — | — | — | — |
| Principal payments on mortgage notes payable | (18,848,000) | (281,000) | (13,315,009) | (130,496,746) | (36,569,537) | (45,299,688) | — | — |
| Proceeds from economic relief note payable | — | — | — | — | 0 | 517,000 | — | — |
| Principal payments on short-term notes payable | — | — | — | — | 0 | (4,800,000) | (14,879,217) | (12,892,970) |
| Refundable loan deposit | — | — | — | 0 | 18,804 | — | — | — |
| Payments of deferred financing costs | (70,000) | — | 0 | (3,638,229) | (404,971) | (387,341) | (495,148) | (1,200,010) |
| Refundable loan deposit | — | — | — | — | — | (18,804) | — | 0 |
| Payments of financing fees to affiliates | — | — | — | — | — | 0 | (107,500) | (262,050) |
| Proceeds from issuance of preferred stock, net | — | — | — | 0 | 47,607,309 | — | — | — |
| Payment of loan prepayment fees | (732,000) | — | — | — | — | — | — | — |
| Proceeds from offering of common stock, net | 2,754,000 | 7,711,000 | 832,082 | 114,500 | 4,336,086 | 10,908,856 | 34,555,691 | 44,223,885 |
| Payment of offering costs | — | — | 0 | (1,108,221) | (1,418,334) | (1,205,317) | (1,716,672) | (1,500,285) |
| Payment of Class S commissions | — | — | — | — | — | — | 1,302 | (550) |
| Liabilities for selling commissions on Class S common stock | — | — | — | — | — | 736 | — | — |
| Repurchases of preferred stock | (7,111,000) | — | — | — | — | — | — | — |
| Repurchases of common stock and Class C OP Units | 0 | (11,534,000) | (1,129,162) | (4,161,618) | (19,082,962) | (17,576,261) | (12,145,903) | (8,688,479) |
| Dividends paid to preferred stockholders | (3,339,000) | (3,688,000) | (3,687,500) | (3,830,903) | — | — | — | — |
| Distributions paid to common stockholders and non-controlling interest holders | — | — | — | — | (3,473,378) | (5,019,216) | (4,017,986) | (1,656,073) |
| Class C Common Stock (“CS”) | — | — | (6,426,032) | (5,857,849) | — | — | — | — |
| Class C OP Units | (12,571,000) | (10,443,000) | (1,729,608) | (1,383,433) | — | — | — | — |
| Net cash used in financing activities | (39,917,000) | (18,235,000) | 71,544,771 | (5,384,499) | 18,471,017 | (28,914,535) | 23,034,567 | 90,710,968 |
| Net increase in cash, cash equivalents, and restricted cash | 2,851,000 | 8,401,000 | (5,479,235) | (49,798,871) | 50,029,990 | 1,440,600 | (1,818,998) | 4,573,173 |
| Cash, cash equivalents, and restricted cash, beginning of period | 11,530,000 | 3,129,000 | 8,608,649 | 58,407,520 | 8,377,530 | 6,936,930 | 8,755,928 | 4,182,755 |
| Cash, cash equivalents, and restricted cash, end of period | 14,381,000 | 11,530,000 | 3,129,414 | 8,608,649 | 58,407,520 | 8,377,530 | 6,936,930 | 8,755,928 |
| Supplemental Disclosure of Cash Flow Information: | ||||||||
| Cash paid for interest | 12,268,000 | 13,504,000 | 12,008,801 | 7,768,212 | 8,053,000 | 6,692,697 | 5,862,393 | 4,235,739 |
| Supplemental Schedule of Noncash Investing and Financing Activities: | ||||||||
| Reclassifications to redeemable common stock | — | — | — | — | — | — | 7,484,065 | 6,152,439 |
| Reclassifications from redeemable common stock | — | — | — | 0 | 10,346,127 | 3,723,565 | — | — |
| Unpaid real estate improvements | — | — | — | 522,845 | — | 0 | 1,570,622 | 3,486,927 |
| Real estate properties acquired | — | — | — | — | — | — | 148,054,617 | — |
| Deferred lease incentives | — | — | — | 0 | (2,128,538) | — | — | — |
| REIT I | — | — | — | — | — | 0 | — | — |
| Mortgage debt assumed | — | — | — | — | — | — | 62,985,425 | — |
| REIT I | — | — | — | — | — | 0 | — | — |
| Net liabilities assumed | — | — | — | — | — | — | 1,561,580 | — |
| Issuance of Class M OP Units and Class P OP Units in the Operating Partnership | — | — | — | — | — | — | 50,603,000 | — |
| REIT I | — | — | — | — | — | 0 | — | — |
| BrixInvest | — | — | — | — | — | 0 | — | — |
| REIT I | — | — | — | — | — | 0 | — | — |
| Intangible assets acquired | — | — | — | — | — | — | 7,700,000 | — |
| Operating lease right-of-use asset acquired / operating lease liability assumed | — | — | — | — | — | — | 2,386,877 | — |
| BrixInvest | — | — | — | — | — | 0 | — | — |
| BrixInvest | — | — | — | — | — | (2,386,877) | — | — |
| Notes payable and short-term credit facility assumed | — | — | — | — | — | — | 6,230,820 | — |
| BrixInvest | — | — | — | — | — | 0 | — | — |
| BrixInvest | — | — | — | — | — | 0 | — | — |
| Unpaid building improvements | — | — | 0 | — | — | — | 0 | — |
| Distribution of Generation Income Properties, Inc. (“GIPR”) common stock to Class C Common Stock and Class C OP Units | 0 | 10,361,000 | — | — | — | — | — | — |
| Receipt of GIPR common stock in exchange of GIPR preferred stock | 0 | (11,039,000) | — | — | — | — | — | — |
| Class C OP Units | 0 | (17,705,000) | — | — | — | — | — | — |
| Class C common stock | 0 | 60,518,000 | — | — | — | — | — | — |
| Change in construction advances | 153,000 | 1,199,000 | — | — | — | — | — | — |
| Investment in preferred stock from sale of real estate investments | — | 0 | 9,620,000 | — | — | — | — | — |
| Issuance of Class C OP Units in the acquisition of a real estate investment | 5,850,000 | 0 | 5,175,284 | 32,809,550 | — | — | 6,352,682 | 5,878,104 |
| Increase in deferred commission payable to S Class distributor | — | — | — | — | — | — | — | 0 |
| (Reduction) increase in lease incentive obligation | — | — | — | — | — | — | — | (853,232) |
| Purchase deposits applied to acquisition of real estate | — | — | — | — | — | — | — | 0 |
| Increase in share repurchases payable | — | — | — | — | — | — | — | 197,837 |
| Reduction in lease incentive obligation | — | — | — | — | — | — | 0 | — |
| (Decrease) increase in share repurchases payable | — | — | — | — | — | — | (584,676) | — |
| Increase in accrued dividends | — | — | — | — | — | — | 214,851 | 747,640 |
| Reinvested distributions from common stockholders | 1,882,000 | 2,114,000 | 2,265,098 | 3,490,159 | 4,600,611 | 6,958,534 | — | — |
| Reclassification of tenant improvements from other assets to real estate investments | — | — | — | 0 | 73,037 | — | — | — |
| Decrease in share repurchases payable | — | — | — | 0 | (2,980,559) | 2,980,559 | — | — |
| (Decrease) increase in accrued distributions | (50,000) | 180,000 | 10,407,035 | (27,235) | 36,972 | 275,922 | — | — |
| Increase in real estate investments held for sale | — | — | — | — | (6,925,023) | (25,217,972) | — | — |
| Increase in real estate investments held for sale | — | (10,814,000) | (6,301,964) | 26,255,037 | — | — | — | — |
| Decrease in assets related to real estate investments held for sale | — | — | — | 775,531 | 291,065 | (1,079,361) | — | — |
| Decrease in above-market lease intangibles | — | — | — | 0 | 50,549 | (50,549) | — | — |
| Increase in mortgage notes payable related to real estate investments held for sale, | — | — | — | — | 12,611,474 | 9,088,438 | — | — |
| Decrease (increase) in assets related to real estate investments held for sale | — | 103,000 | (90,572) | — | — | — | — | — |
| Decrease in mortgage notes payable related to real estate investments held for sale | — | — | 0 | (21,699,912) | — | — | — | — |
| Decrease in liabilities related to real estate investments held for sale | — | — | — | (267,850) | (418,055) | 801,337 | 268,732 | — |
| Class C common stock issued | — | — | — | — | — | — | 81,708,971 | — |
| Decrease in below-market lease intangibles, net | — | — | — | — | — | 325,734 | — | — |
| Decrease in interest swap derivatives | — | — | — | — | — | 14,166 | — | — |
| (Decrease) increase in liabilities related to real estate investments held for sale | — | (223,000) | 130,846 | — | — | — | — | — |
| Increase in below-market lease intangibles | — | — | 0 | 2,449 | (325,734) | — | — | — |
| Decrease in interest swap derivatives | — | — | — | 0 | (14,166) | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.