v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]    
Rental $ 45,823 $ 46,497
Other property 564 264
Total revenue 46,387 46,761
Expenses:    
General and administrative 5,811 6,340
Stock compensation 2,915 1,586
Depreciation and amortization 15,087 16,601
Property 3,460 3,613
Impairment of real estate investment property 5,814 0
Total expenses 33,087 28,140
Gain on sale of real estate investments, net 2,520 3,360
Operating income 15,820 21,981
Other income (expense):    
Interest and other income 893 474
Dividend income 0 113
Income from unconsolidated investment in a real estate property 758 297
Interest expense, net of unrealized gain on interest rate swaps and derivative settlements (16,917) (16,221)
Loss on equity investments 0 (151)
Other expense, net (15,266) (15,488)
Net income 554 6,493
Less: net loss (income) attributable to noncontrolling interests in Operating Partnership 514 (475)
Net income attributable to Modiv Industrial, Inc. 1,068 6,018
Preferred stock dividends (3,202) (3,688)
Net (loss) income attributable to common stockholders $ (2,134) $ 2,330
Earnings (loss) per share attributable to common stockholders and Class C OP Units:    
Basic (in usd per share) $ (0.31) $ 0.25
Diluted (in usd per share) $ (0.31) $ 0.25
Weighted-average number of common shares outstanding    
Basic (in shares) 10,144,791 9,293,103
Diluted (in shares) 11,676,838 11,188,974