v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Rental $ 11,692 $ 11,727
Other property 11 66
Total revenue 11,703 11,793
Expenses:    
General and administrative 1,507 1,993
Stock compensation 804 484
Depreciation and amortization 3,718 3,818
Property 905 846
Merger 565 0
Total expenses 7,499 7,141
Gain on sale of real estate investments, net 0 84
Operating income 4,204 4,736
Other income (expense):    
Interest and other income 25 62
Income from unconsolidated investment in a real estate property 38 79
Interest expense, net of unrealized gain on interest rate swaps and derivative settlements (4,562) (4,048)
Other expense, net (4,499) (3,907)
Net (loss) income (295) 829
Net loss attributable to noncontrolling interests in Operating Partnership 208 0
Net (loss) income attributable to Modiv Industrial, Inc. (87) 829
Preferred stock dividends (775) (827)
Net (loss) income attributable to common stockholders $ (862) $ 2
Loss per share attributable to common stockholders and Class C OP Units:    
Basic (in usd per share) $ (0.11) $ (0.01)
Diluted (in usd per share) $ (0.11) $ (0.01)
Weighted-average number of common shares outstanding    
Basic (in shares) 10,313,193 9,972,967
Diluted (in shares) 11,906,521 11,317,765
Distributions declared per common share (in usd per share) $ 0.30 $ 0.2925