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 thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net income | 554 | 6,493 | (8,696.26) | (4,511.32) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | 15,087 | 16,601 | 15,551.17 | 14,929.57 |
| Stock compensation expense | 2,915 | 1,586 | 11,171.21 | 2,401.02 |
| Amortization of deferred rents | (5,048) | (5,716) | (6,232.26) | (1,665.93) |
| Amortization of deferred lease incentives | — | 0 | 153.58 | 412.10 |
| Amortization of deferred financing costs and premium/discount | — | — | — | 484.93 |
| Amortization of above-market lease intangibles | — | — | — | 197.22 |
| Write-off and amortization of deferred financing costs and premium/discount | — | 1,192 | 766.74 | — |
| Amortization of deferred financing costs and premium/discount | 629 | — | — | — |
| Amortization of (below) above market lease intangibles, net | (854) | (847) | (807.79) | (1,202.71) |
| Impairment of real estate investment property | 5,814 | 0 | 4,387.62 | 2,080.73 |
| Impairment of goodwill and intangible assets | — | — | — | 17,320.86 |
| Write-off of purchase deposit | — | — | — | 375 |
| Loss on equity investments | — | 151 | — | — |
| Loss on equity investments | 0 | 0 | (1,418.66) | — |
| Impairment of goodwill | — | — | 0 | — |
| Gain on sale of real estate investments, net | (2,520) | (3,360) | 1,708.80 | (12,196.37) |
| Write-off of deferred financing costs upon early termination of mortgage notes payable | — | — | — | 1,165.00 |
| Unrealized loss on interest rate swap valuation | — | 1,479 | 618.3 | (25.73) |
| Gain on forgiveness of economic relief note payable | — | — | — | 0 |
| Gain on extinguishment of interest rate swaps | — | — | 0 | (788.02) |
| Amortization of unrealized holding gain and unrealized gain on non-designated or ineffective interest rate derivative instruments | (1,015) | — | — | — |
| Adjustment for receipts from off-market interest rate derivatives | (4,581) | — | — | — |
| Amortization of off-market interest rate derivatives | 3,909 | — | — | — |
| Loss on early extinguishment of debt | 768 | — | — | — |
| Income from unconsolidated investment in a real estate property | (758) | (297) | (279.55) | (278.00) |
| Distributions from unconsolidated investment in a real estate property | 646 | 1,027 | 231.86 | 211.92 |
| Changes in operating assets and liabilities: | ||||
| (Increase) decrease in tenant rent and other receivables | (13) | 71 | 386.15 | (2,072.72) |
| Increase in note receivable | — | — | — | 0 |
| (Increase) decrease in prepaid expenses and other assets | (31) | 460 | (59.30) | 555.34 |
| Decrease in accounts payable, accrued and other liabilities | (535) | (599) | (903.39) | (744.08) |
| Net cash provided by operating activities | 14,967 | 18,241 | 16,578.23 | 16,648.82 |
| Cash Flows from Investing Activities: | ||||
| Acquisitions of real estate investments | — | — | — | (127,144.03) |
| Acquisitions of real estate investments | (345) | (5,183) | (122,778.22) | — |
| Improvements to existing real estate investments and other assets | (506) | (1,847) | (4,749.69) | (4,353.94) |
| Additions to intangible assets | — | — | — | 0 |
| Collection of receivable from early termination of lease | — | — | 0 | 1,836.77 |
| Collection of receivable from sale of real estate property | — | — | — | 0 |
| Net proceeds from sale of real estate investments | 27,137 | 15,023 | 34,737.47 | 70,662.29 |
| Net proceeds from sale of investment in common stock | 0 | 652 | — | — |
| Purchase deposits applied (paid) | 150 | — | — | — |
| Sale deposits received, net of applied | 300 | (250) | (811.81) | 84.45 |
| Payment of lease incentives | — | — | — | (2,148.73) |
| Payment of lease incentives | — | — | 0 | — |
| Proceeds from the settlement of property-related insurance claims | 684 | — | — | — |
| Investments in off-market interest rate derivatives | (4,200) | — | — | — |
| Receipts from off-market interest rate derivatives | 4,581 | — | — | — |
| Net cash provided by investing activities | 27,801 | 8,395 | (93,602.23) | (61,063.19) |
| Cash Flows from Financing Activities: | ||||
| Borrowings from credit facility term loan | — | 0 | 100,000 | 150,000 |
| Proceeds from long-term lines of credit | — | — | — | 3,000 |
| (Repayments) borrowings from prior credit facility revolver, net | — | — | — | (8,022) |
| Proceeds from mortgage notes payable | — | — | — | 0 |
| Repayments of credit facility revolver, net | — | 0 | (3,000) | — |
| Principal payments on mortgage notes payable | (18,848) | (281) | (13,315.01) | (130,496.75) |
| Refundable loan deposit | — | — | — | 0 |
| Payments of deferred financing costs | (70) | — | 0 | (3,638.23) |
| Proceeds from issuance of preferred stock, net | — | — | — | 0 |
| Payment of loan prepayment fees | (732) | — | — | — |
| Proceeds from offering of common stock, net | 2,754 | 7,711 | 832.08 | 114.5 |
| Payment of offering costs | — | — | 0 | (1,108.22) |
| Repurchases of preferred stock | (7,111) | — | — | — |
| Repurchases of common stock and Class C OP Units | 0 | (11,534) | (1,129.16) | (4,161.62) |
| Dividends paid to preferred stockholders | (3,339) | (3,688) | (3,687.5) | (3,830.90) |
| Class C Common Stock (“CS”) | — | — | (6,426.03) | (5,857.85) |
| Class C OP Units | (12,571) | (10,443) | (1,729.61) | (1,383.43) |
| Net cash used in financing activities | (39,917) | (18,235) | 71,544.77 | (5,384.50) |
| Net increase in cash, cash equivalents, and restricted cash | 2,851 | 8,401 | (5,479.24) | (49,798.87) |
| Cash, cash equivalents, and restricted cash, beginning of period | 11,530 | 3,129 | 8,608.65 | 58,407.52 |
| Cash, cash equivalents, and restricted cash, end of period | 14,381 | 11,530 | 3,129.41 | 8,608.65 |
| Supplemental Disclosure of Cash Flow Information: | ||||
| Cash paid for interest | 12,268 | 13,504 | 12,008.80 | 7,768.21 |
| Supplemental Schedule of Noncash Investing and Financing Activities: | ||||
| Reclassifications from redeemable common stock | — | — | — | 0 |
| Unpaid real estate improvements | — | — | — | 522.85 |
| Deferred lease incentives | — | — | — | 0 |
| Unpaid building improvements | — | — | 0 | — |
| Distribution of Generation Income Properties, Inc. (“GIPR”) common stock to Class C Common Stock and Class C OP Units | 0 | 10,361 | — | — |
| Receipt of GIPR common stock in exchange of GIPR preferred stock | 0 | (11,039) | — | — |
| Class C OP Units | 0 | (17,705) | — | — |
| Class C common stock | 0 | 60,518 | — | — |
| Change in construction advances | 153 | 1,199 | — | — |
| Investment in preferred stock from sale of real estate investments | — | 0 | 9,620 | — |
| Issuance of Class C OP Units in the acquisition of a real estate investment | 5,850 | 0 | 5,175.28 | 32,809.55 |
| Reinvested distributions from common stockholders | 1,882 | 2,114 | 2,265.10 | 3,490.16 |
| Reclassification of tenant improvements from other assets to real estate investments | — | — | — | 0 |
| Decrease in share repurchases payable | — | — | — | 0 |
| (Decrease) increase in accrued distributions | (50) | 180 | 10,407.04 | (27.24) |
| Increase in real estate investments held for sale | — | (10,814) | (6,301.96) | 26,255.04 |
| Decrease in assets related to real estate investments held for sale | — | — | — | 775.53 |
| Decrease in above-market lease intangibles | — | — | — | 0 |
| Decrease (increase) in assets related to real estate investments held for sale | — | 103 | (90.57) | — |
| Decrease in mortgage notes payable related to real estate investments held for sale | — | — | 0 | (21,699.91) |
| Decrease in liabilities related to real estate investments held for sale | — | — | — | (267.85) |
| (Decrease) increase in liabilities related to real estate investments held for sale | — | (223) | 130.85 | — |
| Increase in below-market lease intangibles | — | — | 0 | 2.45 |
| Decrease in interest swap derivatives | — | — | — | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.