Modiv Industrial (MDV)
Owns single-tenant industrial net-lease properties through an internally managed listed REIT.
Something off on this page? Send us feedback.
Owns and manages single-tenant net-lease industrial properties in the United States through a REIT structure. Rental income is concentrated in long-term leases, while the portfolio still includes a small non-core tail from its earlier office and retail mix.
Owns and manages single-tenant net-lease properties in the United States through an internally managed REIT structure. The portfolio is centered on critical industrial manufacturing sites, with a smaller non-core set of legacy assets.
Recent repositioning pushed the mix away from office and retail and toward long-duration industrial leases, so the business is now more focused than it was at listing. Lease terms shift many property costs to tenants, helping a small employee base manage one reportable segment.
Rental income depends on continued occupancy at single-tenant properties, and a small number of tenants still matter disproportionately. The business also sits inside a pending merger with Global Net Lease that would end the current public listing if completed.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.6M · Total debt $273.3M · Total assets $487.7M · Shareholders' equity $161.2M
- Revenue
- $11.7M
- Operating income
- $10.0M
- Net income
- $6.5M
Raised for 2 straight years — most recently to $0.10 from $0.0975 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 3, 2026 | Aug 3 | Aug 10 | $0.10 | |
| Jul 31, 2026 | Jul 31 | Aug 10 | $0.10 | |
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.10 | |
| May 29, 2026 | May 29 | Jun 15 | $0.10 | |
| Apr 30, 2026 | Apr 30 | May 15 | $0.10 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.10 | |
| Feb 27, 2026 | Feb 27 | Mar 13 | $0.10 | |
| Jan 30, 2026 | Jan 30 | Feb 13 | $0.10 | raised from $0.0975 |
| Institutions86 holders · as of Mar 31, 2026 | 26.56% | 2.74M shares | |
| Insiders3 holders · as of Aug 12, 2026 | 0.11% | 11.9K shares | |
| Otherremainder | 73.33% | 7.57M shares |
10.32M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
BlackRock, Inc.Institution | 5.24% | 540,872 | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 3.73% | 385,558 | 13Fas of Mar 31, 2026 |
Geode Capital Management, LLCInstitution | 2.39% | 246,633 | 13Fas of Mar 31, 2026 |
Meixler Investment Management, Ltd.Institution | 1.66% | 171,423 | 13Fas of Mar 31, 2026 |
State Street CorpInstitution | 1.22% | 125,804 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Aaron Scott Halfacre | director, officer: CEO and President | +3,586 | $17.34 |
| Jun 26, 2026 | Aaron Scott Halfacre | director, officer: CEO and President | +5,766 | $17.49 |
- Global Net Lease
Pure-play net-lease platform pursuing the same industrial assets
- W. P. Carey
Scaled sale-leaseback and net-lease buyer with industrial reach
- Broadstone Net Lease
Industrial-focused net-lease buyer with build-to-suit scale
- STAG Industrial
Single-tenant industrial acquisition and leasing rival
- LXP Industrial Trust
Single-tenant industrial and sale-leaseback overlap in target markets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Modiv Industrial | $18.05 | −0.88% | $186.3M | 50.2 | 200.6 | 4.1 | −1.2% |
| Global Net Lease | $9.17 | +0.27% | $1.94B | — | — | 4.2 | −10.0% |
| W. P. Carey | $70.58 | −0.01% | $16.08B | 24.1 | 23.6 | 8.5 | +7.0% |
| Broadstone Net Lease | $21.00 | −0.13% | $4.03B | 28.4 | 27.8 | 8.4 | +8.3% |
| STAG Industrial | $37.40 | −0.12% | $7.22B | 28.8 | 74.6 | 8.2 | +7.7% |
| LXP Industrial Trust | $60.69 | −0.09% | $3.58B | 60.7 | 538.4 | 10.3 | −0.7% |
| Median | 28.6 | 51.2 | 8.4 | +7.0% |