MODIV INDUSTRIAL, INC.MDVEarnings & Financial Report
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
Revenue
$12.0M
Gross Profit
N/A
Operating Profit
$6.7M
Net Profit
$3.7M
Gross Margin
N/A
Operating Margin
55.6%
Net Margin
31.1%
YoY Growth
15.3%
EPS
$0.33
Financial Flow
MODIV INDUSTRIAL, INC. Q1 2024 Financial Summary
MODIV INDUSTRIAL, INC. reported revenue of $12.0M (up 15.3% YoY) for Q1 2024, with a net profit of $3.7M (up 199.0% YoY) (31.1% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $12.0M |
|---|---|
| Net Profit | $3.7M |
| Gross Margin | N/A |
| Operating Margin | 55.6% |
| Report Period | Q1 2024 |
MODIV INDUSTRIAL, INC. Annual Revenue by Year
MODIV INDUSTRIAL, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $46.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $46.4M |
| 2024 | $46.8M |
| 2023 | $47.2M |
| 2022 | $43.8M |
MODIV INDUSTRIAL, INC. Quarterly Revenue & Net Profit History
MODIV INDUSTRIAL, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $11.1M | -5.6% | $1.2M | 11.0% |
| Q3 2025 | $11.7M | +0.3% | $1.0M | 9.0% |
| Q2 2025 | $11.8M | +3.7% | $-2.0M | -17.1% |
| Q1 2025 | $11.8M | -1.5% | $829.0K | 7.0% |
| Q4 2024 | $11.7M | -5.3% | $1.6M | 13.3% |
| Q3 2024 | $11.7M | -7.3% | $-587.0K | -5.0% |
| Q2 2024 | $11.4M | -4.1% | $1.3M | 11.6% |
| Q1 2024 | $12.0M | +15.3% | $3.7M | 31.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0M | $11.4M | $11.7M | $11.7M | $11.8M | $11.8M | $11.7M | $11.1M |
| YoY Growth | 15.3% | -4.1% | -7.3% | -5.3% | -1.5% | 3.7% | 0.3% | -5.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $522.5M | $519.5M | $507.4M | $507.8M | $506.8M | $498.9M | $499.6M | $476.5M |
| Liabilities | $294.1M | $293.8M | $295.6M | $293.8M | $293.4M | $292.6M | $294.8M | $274.4M |
| Equity | $188.0M | $187.0M | $186.3M | $190.1M | $171.1M | $165.6M | $164.8M | $162.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.0M | $4.7M | $5.1M | $5.4M | $3.0M | $3.9M | $4.1M | $3.8M |