MDV · As filed with the SEC
Modiv Industrial balance sheet, 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 Balance Sheets · USD thousands
| USD thousands | Q2 2026 Jun 30, 2026 | Q1 2026 Mar 31, 2026 | Q4 2025 Dec 31, 2025 | Q3 2025 Sep 30, 2025 | Q2 2025 Jun 30, 2025 | Q1 2025 Mar 31, 2025 | Q4 2024 Dec 31, 2024 | Q3 2024 Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Real estate investments: | ||||||||
| Land | 108,600 | 108,600 | 98,175 | 98,175 | 98,738 | 98,738 | 98,009 | 106,211.87 |
| Buildings and improvements | 388,749 | 388,066 | 383,540 | 383,020 | 388,564 | 388,884 | 386,102 | 405,065.91 |
| Equipment | — | — | 0 | 0 | 0 | 4,429 | 4,429 | 4,429 |
| Tenant origination and absorption costs | 13,540 | 13,540 | 13,638 | 13,638 | 13,638 | 13,638 | 13,194 | 15,833.29 |
| Total investments in real estate property | 510,889 | 510,206 | 495,353 | 494,833 | 500,940 | 505,689 | 501,734 | 531,540.08 |
| Accumulated depreciation and amortization | (75,080) | (71,435) | (73,208) | (69,512) | (66,176) | (63,139) | (59,524) | (63,338.63) |
| Total real estate investments, net, excluding unconsolidated investment in real estate property and real estate investments held for sale, net | 435,809 | 438,771 | 422,145 | 425,321 | 434,764 | 442,550 | 442,210 | 468,201.44 |
| Unconsolidated investment in a real estate property | 0 | 0 | 9,437 | 9,510 | 9,262 | 9,158 | 9,324 | 9,490.19 |
| Total real estate investments, net, excluding real estate investments held for sale, net | 435,809 | 438,771 | 431,582 | 434,831 | 444,026 | 451,708 | 451,534 | 477,691.63 |
| Real estate investments held for sale, net | — | — | — | — | — | — | — | 0 |
| Total real estate investments, net | — | — | — | — | — | — | — | 477,691.63 |
| Real estate investments held for sale, net | 0 | 10,628 | 3,901 | 28,087 | 22,372 | 22,372 | 22,372 | — |
| Total real estate investments, net | 435,809 | 449,399 | 435,483 | 462,918 | 466,398 | 474,080 | 473,906 | — |
| Cash and cash equivalents | 21,626 | 4,477 | 14,381 | 8,264 | 5,814 | 6,165 | 11,530 | 6,824.85 |
| Restricted cash | — | — | — | 1,683 | — | — | — | — |
| Tenant deferred rent and other receivables | 25,787 | 24,581 | 23,436 | 22,130 | 20,820 | 19,567 | 18,460 | 17,388.12 |
| Above-market lease intangibles, net | 1,142 | 1,156 | 1,169 | 1,184 | 1,203 | 1,221 | 1,240 | 1,258.46 |
| Prepaid expenses and other assets | 1,591 | 2,323 | 1,988 | 2,429 | 2,514 | 2,826 | 2,693 | 3,402.03 |
| Investment in preferred stock | — | — | — | — | — | — | 0 | 0 |
| Interest rate swap derivatives | 1,705 | 2,243 | — | 963 | 2,103 | 2,943 | 0 | 807.34 |
| Other assets related to real estate investments held for sale | — | 105 | — | — | — | — | 0 | 0 |
| Total assets | 487,660 | 484,284 | 476,457 | 499,571 | 498,852 | 506,802 | 507,829 | 507,372.42 |
| Liabilities and Equity | ||||||||
| Mortgage notes payable, net | 23,590 | 23,708 | 11,994 | 30,383 | 30,516 | 30,647 | 30,777 | 30,863.01 |
| Credit facility term loan, net | 249,749 | 249,714 | 249,489 | 249,360 | 249,231 | 249,102 | 248,999 | 248,876.28 |
| Accounts payable, accrued and other liabilities | 5,549 | 4,262 | 3,831 | 5,690 | 3,333 | 3,803 | 4,035 | 4,985.42 |
| Distributions payable | 2,054 | 2,056 | 2,031 | 2,038 | 2,027 | 2,052 | 1,994 | 1,962.76 |
| Below-market lease intangibles, net | — | — | — | — | — | — | — | 8,178.31 |
| Below-market lease intangibles, net | 6,604 | 6,835 | 7,067 | 7,298 | 7,530 | 7,761 | 7,948 | — |
| Interest rate swap derivative | — | — | — | — | — | — | 0 | 755.49 |
| Other liabilities related to real estate investments held for sale | — | — | 0 | 0 | — | 61 | 26 | 0 |
| Total liabilities | 287,546 | 286,575 | 274,412 | 294,769 | 292,637 | 293,426 | 293,779 | 295,621.28 |
| Series A | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Class C Common Stock | — | — | — | — | — | — | — | 10.02 |
| Class S common stock | — | — | — | — | — | — | — | 0 |
| Class C common stock | 11 | 11 | 11 | 11 | 11 | 11 | 10 | — |
| Class S | — | — | — | — | — | — | 0 | — |
| Additional paid-in-capital | 338,171 | 337,624 | 337,028 | 336,286 | 334,096 | 333,721 | 349,479 | 343,216.94 |
| Treasury stock, at cost, 467,319 shares held as of each June 30, 2025 and December 31, 2024 | (7,112) | (7,112) | (7,112) | (7,112) | (7,112) | (7,112) | (7,112) | (7,111.92) |
| Cumulative distributions and net losses | (170,579) | (172,080) | (168,100) | (165,497) | (162,761) | (156,967) | (154,074) | (151,893.58) |
| Accumulated other comprehensive income | 755 | 865 | 919 | 1,127 | 1,367 | 1,452 | 1,841 | 2,047.47 |
| Total Modiv Industrial, Inc. equity | 161,248 | 159,310 | 162,748 | 164,817 | 165,603 | 171,107 | 190,146 | 186,270.93 |
| Noncontrolling interests in the Operating Partnership | 38,866 | 38,399 | 39,297 | 39,985 | 40,612 | 42,269 | 23,904 | 25,480.21 |
| Total equity | 200,114 | 197,709 | 202,045 | 204,802 | 206,215 | 213,376 | 214,050 | 211,751.14 |
| Total liabilities and equity | 487,660 | 484,284 | 476,457 | 499,571 | 498,852 | 506,802 | 507,829 | 507,372.42 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.