Modiv Industrial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	47.04	46.76	47.23	43.82	37.89	38.64
Revenue Growth (YoY)	-0.80%	-1.00%	7.79%	15.66%	-1.94%	57.42%
Property Expenses	3.5	3.61	5.16	6.55	6.88	7
Total Property Expenses	3.5	3.61	5.16	6.55	6.88	7
Gross Profit	43.54	43.15	42.07	37.27	31.01	31.64
Selling, General & Admin	8	7.93	17.81	10.21	12.46	10.6
Depreciation & Amortization Expenses	15.56	16.6	15.55	14.93	15.27	17.59
Other Operating Expenses	4	-	4.39	19.4	3.37	44.84
Operating Income	15.99	18.62	4.32	-7.27	-0.08	-41.39
Net Gains on Disposal of Properties	0.08	3.36	-1.71	12.2	6.14	-44.57
Interest Income	0.59	0.41	2.17	0.28	0.28	0.3
Interest Expense	-15.83	-16.22	-13.81	-8.11	-7.59	-11.46
Other Non-Operating Income (Expense)	-15.08	-15.17	-10.98	-11.14	0.54	-0.72
Total Non-Operating Income (Expense)	-30.24	-27.62	-24.32	-6.77	-0.64	-56.46
Pretax Income	-14.25	-9	-20	-14.04	-0.72	-97.86
Net Income	-1.93	2.33	-10.3	-6.98	-1.5	-49.14
Minority Interest in Earnings	-0.5	0.48	-2.08	-1.22	-	-
Net Income Attributable to Preferred Dividends	3.34	3.69	3.69	3.69	1.07	-
Net Income to Common	-1.93	2.33	-10.3	-6.98	-1.5	-49.14
Shares Outstanding (Basic)	7	9	8	8	8	8
Shares Outstanding (Diluted)	11	11	9	8	8	8
Shares Change (YoY)	6.72%	23.13%	21.14%	-0.58%	-5.76%	59.74%
EPS (Basic)	-0.26	0.25	-1.36	-0.93	-0.20	-6.14
EPS (Diluted)	-0.26	0.25	-1.36	-0.93	-0.20	-6.14
Free Cash Flow	13.37	11.21	-110.95	-114.85	-6.79	4.9
Free Cash Flow Growth	19.28%	-	-	-	-	-
Free Cash Flow Per Share	1.17	1.00	-12.21	-15.32	-0.90	0.61
Dividends Per Share	1.165	1.150	1.150	1.150	1.075	1.460
Dividend Growth	1.30%	-	-	6.95%	-26.36%	-31.01%
Gross Margin	92.56%	92.27%	89.07%	85.06%	81.84%	81.89%
Operating Margin	33.99%	39.82%	9.15%	-16.59%	-0.22%	-107.13%
Profit Margin	1.95%	13.89%	-18.41%	-10.29%	-1.15%	-127.18%
FCF Margin	28.43%	23.98%	-234.89%	-262.08%	-17.92%	12.69%
EBITDA	31.55	35.22	19.87	7.66	15.18	-23.8
EBITDA Margin	67.06%	75.32%	42.07%	17.48%	40.07%	-61.60%
EBIT	15.99	18.62	4.32	-7.27	-0.08	-41.39
EBIT Margin	33.99%	39.82%	9.15%	-16.59%	-0.22%	-107.13%

Updated Nov 14, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q