Modiv Industrial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	46.39	46.76	47.23	43.82	37.89
Revenue Growth (YoY)	-0.80%	-1.00%	7.79%	15.66%	-1.94%
Property Expenses	3.46	3.61	5.16	6.55	6.88
Total Property Expenses	3.46	3.61	5.16	6.55	6.88
Gross Profit	42.93	43.15	42.07	37.27	31.01
Selling, General & Admin	8.73	7.93	17.81	10.21	12.46
Depreciation & Amortization Expenses	15.09	16.6	15.55	14.93	15.27
Other Operating Expenses	3.29	-3.36	6.1	7.21	-2.77
Operating Income	15.82	21.98	2.61	4.93	-1.53
Interest Income	0.76	0.41	2.17	0.28	0.28
Interest Expense	-16.92	-16.22	-13.81	-8.11	-7.59
Other Non-Operating Income (Expense)	0.89	0.32	0.33	-1.7	0.54
Total Non-Operating Income (Expense)	-15.27	-15.49	-11.31	-9.53	1.1
Pretax Income	0.55	6.49	-8.7	-4.51	-0.44
Net Income	-2.13	2.33	-10.3	-6.98	-1.5
Minority Interest in Earnings	-0.51	0.48	-2.08	-1.22	-
Net Income Attributable to Preferred Dividends	3.2	3.69	3.69	3.69	1.07
Net Income to Common	-2.13	2.33	-10.3	-6.98	-1.5
Shares Outstanding (Basic)	10	9	9	8	8
Shares Outstanding (Diluted)	12	11	9	8	8
Shares Change (YoY)	4.36%	23.13%	21.14%	-0.58%	-5.76%
EPS (Basic)	-0.31	0.25	-1.36	-0.93	-0.20
EPS (Diluted)	-0.31	0.25	-1.36	-0.93	-0.20
Shares Outstanding	10.3	9.94	7.7	7.51	-
Free Cash Flow	14.12	11.21	-110.95	-114.85	-6.79
Free Cash Flow Growth	25.91%	-	-	-	-
Free Cash Flow Per Share	1.21	1.00	-12.21	-15.31	-0.90
Dividends Per Share	1.170	1.150	1.150	1.150	1.075
Dividend Growth	1.74%	0.00%	-	6.95%	-26.36%
Gross Margin	92.54%	92.27%	89.07%	85.06%	81.84%
Operating Margin	34.10%	47.01%	5.53%	11.24%	-4.05%
Profit Margin	1.19%	13.89%	-18.41%	-10.29%	-1.15%
FCF Margin	30.43%	23.98%	-234.89%	-262.08%	-17.92%
EBITDA	30.91	38.58	18.16	19.86	13.73
EBITDA Margin	66.63%	82.51%	38.45%	45.31%	36.24%
EBIT	15.82	21.98	2.61	4.93	-1.53
EBIT Margin	34.10%	47.01%	5.53%	11.24%	-4.05%

Updated Mar 25, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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