v3.26.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Cash Distribution
Class C common stock
Total Modiv Industrial, Inc. Equity
Total Modiv Industrial, Inc. Equity
Cash Distribution
Preferred Stock
Class C Common Stock (“CS”)
Class C Common Stock (“CS”)
Class C common stock
Additional Paid-in Capital
Treasury Stock
Cumulative Distributions and Net Losses
Cumulative Distributions and Net Losses
Cash Distribution
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest in the Operating Partnership
Noncontrolling Interest in the Operating Partnership
Cash Distribution
Beginning balance (in shares) at Dec. 31, 2023           2,000,000                  
Beginning balance at Dec. 31, 2023 $ 225,122     $ 144,443   $ 2   $ 8 $ 292,618 $ (5,291) $ (145,552)   $ 2,658 $ 80,679  
Beginning balance (in shares) at Dec. 31, 2023               8,048,110              
Beginning balance (in shares) at Dec. 31, 2023                   (343,510)          
Increase (Decrease) in Stockholders' Equity                              
Issuance of common stock - distribution reinvestments (in shares)               141,418              
Issuance of common stock - distribution reinvestments 2,114     2,114         2,114            
ATM offering of common stock, net (in shares)               521,837              
ATM offering of common stock, net 7,711     7,711         7,711            
Exchange of Class C OP Units to common stock (in shares)               1,675,219              
Exchange of Class C OP Units to common stock 0     42,814       $ 2 42,914       (102) (42,814)  
Stock compensation expense (in shares)               17,627              
Stock compensation expense 275     275         275            
OP Units compensation expense 1,311     1,311         1,311            
Repurchase of CS and Class C OP Units (in shares)                   (123,809)          
Repurchase of CS and Class C OP Units (11,534)     (1,821)           $ (1,821)       (9,713)  
Dividends declared, preferred stock (3,688)     (3,688)             (3,688)        
Cash distributions declared, CS and non-controlling interests   $ (12,737)     $ (10,852)             $ (10,852)     $ (1,885)
Net income (loss) 6,493     6,018             6,018     475  
Other comprehensive loss (1,017)     (845)                 (845) (172)  
Adjustment to noncontrolling interests 0     2,666         2,536       130 (2,666)  
Ending balance (in shares) at Dec. 31, 2024           2,000,000                  
Ending balance at Dec. 31, 2024 $ 214,050     190,146   $ 2   $ 10 349,479 $ (7,112) (154,074)   1,841 23,904  
Ending balance (in shares) at Dec. 31, 2024     9,936,892         10,404,211              
Ending balance (in shares) at Dec. 31, 2024 (467,319)                 (467,319)          
Increase (Decrease) in Stockholders' Equity                              
Issuance of common stock - distribution reinvestments (in shares)               133,439              
Issuance of common stock - distribution reinvestments $ 1,882     1,882         1,882            
ATM offering of common stock, net (in shares)               212,791              
ATM offering of common stock, net 2,754     2,754     $ 1   2,753            
Stock compensation expense (in shares)               16,268              
Stock compensation expense 240     240         240            
OP Units compensation expense 2,675     2,675         2,675            
Repurchase of preferred stock (in shares)           (298,500)                  
Repurchase of preferred stock (7,111)     (7,111)         (7,105)   (6)        
Issuance of Class C OP Units for property acquisition 5,850                         5,850  
Dividends declared, preferred stock (3,202)     (3,202)             (3,202)        
Cash distributions declared, CS and non-controlling interests   $ (14,632)     $ (11,886)             $ (11,886)     $ (2,746)
Net income (loss) 554     1,068             1,068     (514)  
Other comprehensive loss (1,015)     (825)                 (825) (190)  
Adjustment to noncontrolling interests 0     (12,993)         (12,896)       (97) 12,993  
Ending balance (in shares) at Dec. 31, 2025           1,701,500                  
Ending balance at Dec. 31, 2025 $ 202,045     $ 162,748   $ 2   $ 11 $ 337,028 $ (7,112) $ (168,100)   $ 919 $ 39,297  
Ending balance (in shares) at Dec. 31, 2025     10,299,390         10,766,709              
Ending balance (in shares) at Dec. 31, 2025 (467,319)                 (467,319)