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
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, 2024           2,000,000                
Beginning balance at Dec. 31, 2024 $ 214,050     $ 190,146   $ 2 $ 10 $ 349,479 $ (7,112) $ (154,074)   $ 1,841 $ 23,904  
Beginning balance (in shares) at Dec. 31, 2024             10,404,211              
Beginning balance (in shares) at Dec. 31, 2024                 (467,319)          
Increase (Decrease) in Stockholders' Equity                            
Issuance of common stock - distribution reinvestments (in shares)             34,141              
Issuance of common stock - distribution reinvestments 490     490       490            
ATM offering of common stock, net (in shares)             98,261              
ATM offering of common stock, net 1,269     1,269     $ 1 1,268            
Stock compensation expense (in shares)             3,738              
Stock compensation expense 60     60       60            
OP Units compensation expense 424     424       424            
Repurchase of preferred stock (in shares)           (205,000)                
Repurchase of preferred stock (4,851)     (4,851)       (4,880)   29        
Issuance of Class C OP Units for property acquisition 5,850                       5,850  
Dividends declared, preferred stock (827)     (827)           (827)        
Cash distributions declared, CS and non-controlling interests   $ (3,486)     $ (2,924)           $ (2,924)     $ (562)
Net income (loss) 829     829           829        
Other comprehensive income (loss) (432)     (364)               (364) (68)  
Adjustment to noncontrolling interests       (13,145)       (13,120)       (25) 13,145  
Ending balance (in shares) at Mar. 31, 2025           1,795,000                
Ending balance at Mar. 31, 2025 213,376     171,107   $ 2 $ 11 333,721 $ (7,112) (156,967)   1,452 42,269  
Ending balance (in shares) at Mar. 31, 2025             10,540,351              
Ending balance (in shares) at Mar. 31, 2025                 (467,319)          
Beginning balance (in shares) at Dec. 31, 2025           1,701,500                
Beginning balance at Dec. 31, 2025 $ 202,045     162,748   $ 2 $ 11 337,028 $ (7,112) (168,100)   919 39,297  
Beginning balance (in shares) at Dec. 31, 2025     10,299,390       10,766,709              
Beginning balance (in shares) at Dec. 31, 2025 (467,319)               (467,319)          
Increase (Decrease) in Stockholders' Equity                            
Issuance of common stock - distribution reinvestments (in shares)             20,090              
Issuance of common stock - distribution reinvestments $ 281     281       281            
Stock compensation expense (in shares)             4,190              
Stock compensation expense 60     60       60            
OP Units compensation expense 744     744       744            
Repurchase of preferred stock (in shares)           (21,109)                
Repurchase of preferred stock (526)     (526)       (503)   (23)        
Dividends declared, preferred stock (775)     (775)           (775)        
Cash distributions declared, CS and non-controlling interests   $ (3,842)     $ (3,095)           $ (3,095)     $ (747)
Net income (loss) (295)     (87)           (87)     (208)  
Other comprehensive income (loss) 17     14               14 3  
Adjustment to noncontrolling interests 0     (54)       14       (68) 54  
Ending balance (in shares) at Mar. 31, 2026           1,680,391                
Ending balance at Mar. 31, 2026 $ 197,709     $ 159,310   $ 2 $ 11 $ 337,624 $ (7,112) $ (172,080)   $ 865 $ 38,399  
Ending balance (in shares) at Mar. 31, 2026     10,323,670       10,790,989              
Ending balance (in shares) at Mar. 31, 2026 (467,319)               (467,319)