MDV · As filed with the SEC

Modiv Industrial income statement, by quarter

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.

Condensed Consolidated Statements of Operations · USD thousands, except per-share amounts

USD thousands, except per-share amounts	Q2 2026 3 months ended Jun 30, 2026	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q4 2024^† 3 months ended Dec 31, 2024
Rental	11,694	11,692	11,008^†	11,321	11,767	11,664^†
Management fee	—	—	—	—	66	—
Other property	0	11	66^†	366	66^†	66^†
Total revenue	11,694	11,703	11,074^†	11,687	11,833	11,730^†
Expenses:
General and administrative	1,204	1,507	1,246^†	1,370	1,202	1,261^†
Stock compensation	744	804	810^†	811	810	65^†
Depreciation and amortization	3,646	3,718	3,695^†	3,746	3,828	4,164^†
Property	824	905	870^†	916	828	910^†
Impairment of real estate investment property	—	—	—	—	4,000	—
Merger	2,838	565	—	—	0^†	—
Impairment of real estate investment property	0	—	1,814^†	0	—	0^†
Total expenses	9,256	7,499	8,435^†	6,843	10,668	6,400^†
Gain on sale of real estate investments, net	7,542	0	2,436^†	0	0	0^†
Operating income	9,980	4,204	5,075^†	4,844	1,165	5,330^†
Other income (expense):
Interest income	—	—	—	38	33	70^†
Interest and other income	72	25	—	—	33^†	—
Dividend income	—	—	0^†	0	0	0^†
Income from unconsolidated investment in a real estate property	0	38	245^†	249	185	74^†
Interest expense, net of unrealized gain on interest rate swaps and derivative settlements	(3,395)	(4,562)	(4,799)^†	(4,054)	(4,016)	(3,707)^†
Loss on equity investments	—	—	0^†	0	0	26^†
Other expense, net	—	(4,499)	(3,794)^†	(3,767)	(3,798)	(3,688)^†
Loss on other investments	(172)	—	—	—	—	—
Other expense, net	(3,495)	—	—	—	—	—
Net income (loss)	6,485	(295)	1,281^†	1,077	(2,633)	1,642^†
Net (income) loss attributable to noncontrolling interests in Operating Partnership	(1,110)	208	(68)^†	(29)	611	(87)^†
Net income (loss) attributable to Modiv Industrial, Inc.	5,375	(87)	1,213^†	1,048	(2,022)	1,555^†
Preferred stock dividends	(773)	(775)	(784)^†	(795)	(796)	(922)^†
Net income (loss) attributable to common stockholders	4,602	(862)	429^†	253	(2,818)	633^†
Income (loss) per share attributable to common stockholders and noncontrolling interests:
Basic (in usd per share)	—	(0.11)	—	0.00	(0.32)	—
Basic (in usd per share)	0.45	—	—	—	—	—
Diluted (in usd per share)	0.45	(0.11)	—	0.00	(0.32)	—
Weighted-average number of common shares outstanding
Basic (in shares)	10,323,670	10,313,193	—	10,197,942	10,123,721	—
Diluted (in shares)	12,812,041	11,906,521	—	11,791,270	11,717,049	—
Distributions declared per common share (in usd per share)	0.30	0.30	—	0.29	0.29	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.