Modiv Industrial, Inc. (MDV)

Modiv Industrial Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	7.55	1.07	6.02	-6.61	-3.29	-0.44
Depreciation & Amortization	13.94	14.23	15.75	14.74	13.92	13.93
Other Amortization	0.49	0.63	1.19	0.77	2.06	0.61
Gain (Loss) on Sale of Assets	-9.98	-2.52	-3.36	1.71	-12.2	-6.14
Gain (Loss) on Sale of Investments	-0.84	-1.02	1.48	-0.8	-0.03	-0.97
Asset Writedown	1.81	5.81	-	4.39	19.4	3.37
Stock-Based Compensation	3.17	2.92	1.59	11.17	2.4	2.74
Income (Loss) on Equity Investments	-0.13	-0.11	0.88	-0.05	-0.07	0.06
Change in Accounts Receivable	0.05	-0.01	0.07	0.39	0.14	-2.75
Change in Accounts Payable	1.85	-0.54	-0.6	-0.9	-1.39	0.98
Change in Other Net Operating Assets	0.19	-0.03	0.46	-0.06	0.93	-1.35
Other Operating Activities	-2.53	-5.47	-5.24	-8.16	-5.25	-0.33
Operating Cash Flow	15.56	14.97	18.24	16.58	16.65	9.73
Operating Cash Flow Growth	-11.24%	-17.95%	10.03%	-0.42%	71.13%	74.42%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Acquisition of Real Estate Assets	-10.55	-0.85	-7.03	-127.53	-131.5	-16.52
Sale of Real Estate Assets	46.6	27.14	15.02	34.74	70.66	39.54
Net Sale / Acq. of Real Estate Assets	36.04	26.29	7.99	-92.79	-60.84	23.03
Investment in Marketable & Equity Securities	-	-	0.65	-	-	-
Other Investing Activities	2.04	1.52	-0.25	-0.81	-0.23	-1
Investing Cash Flow	38.08	27.8	8.4	-93.6	-61.06	21.83

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	100	150	27.46
Total Debt Issued	2	-	-	100	150	27.46
Long-Term Debt Repaid	-	-18.85	-0.28	-16.32	-135.52	-36.57
Total Debt Repaid	-20.85	-18.85	-0.28	-16.32	-135.52	-36.57
Net Debt Issued (Repaid)	-18.85	-18.85	-0.28	83.69	14.48	-9.11
Issuance of Common Stock	1.08	2.75	7.71	0.83	0.11	4.34
Repurchase of Common Stock	-	-	-11.53	-1.13	-4.16	-19.08
Preferred Stock Issued	-	-	-	-	-	47.61
Preferred Share Repurchases	-1.18	-7.11	-	-	-	-
Common Dividends Paid	-13.9	-12.57	-10.44	-8.16	-5.86	-3.47
Preferred Dividends Paid	-3.15	-3.34	-3.69	-3.69	-3.83	-
Total Dividends Paid	-17.05	-15.91	-14.13	-11.84	-9.69	-3.47
Other Financing Activities	-1.83	-0.8	-	-	-6.13	-1.8

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	15.81	2.85	8.4	-5.48	-49.8	50.03

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	42.09	35.35	-5.86	23.44	48.87	4.72
Unlevered Free Cash Flow	50.32	44.77	2.85	31	52.28	9.09

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	11.77	12.27	13.5	12.01	7.77	8.05
Change in Working Capital	2.08	-0.58	-0.07	-0.58	-0.31	-3.12

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

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