$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

$mdv Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000164587321000099 Filed on May 17, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$9.041M	$11.05M
YoY Change	-18.21%	87.83%
Cost Of Revenue	$1.755M	$1.950M
YoY Change	-10.0%
Gross Profit	$7.286M	$9.110M
YoY Change	-20.02%
Gross Profit Margin	80.59%	82.41%
Selling, General & Admin	$3.283M	$2.560M
YoY Change	28.24%
% of Gross Profit	45.06%	28.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.025M	$4.640M
YoY Change	-13.26%
% of Gross Profit	55.24%	50.93%
Operating Expenses	$7.058M	$10.36M
YoY Change	-31.87%	48.72%
Operating Profit	-$1.579M	-$48.85M
YoY Change	-96.77%
Interest Expense	$1.781M	$3.905M
YoY Change	-54.38%	80.74%
% of Operating Profit
Other Income/Expense, Net	$675.5K	$24.97K
YoY Change	2605.29%	-68.56%
Pretax Income	-$903.7K	-$48.82M
YoY Change	-98.15%
Income Tax
% Of Pretax Income
Net Earnings	-$903.6K	-$48.82M
YoY Change	-98.15%	5246.64%
Net Earnings / Revenue	-10.0%	-441.66%
Basic Earnings Per Share	-$0.12	-$6.14
Diluted Earnings Per Share	-$0.12	-$6.14
COMMON SHARES
Basic Shares Outstanding	7.707M shares	7.951M shares
Diluted Shares Outstanding	7.707M shares	7.951M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.365M	$4.200M
YoY Change	27.74%
Cash & Equivalents	$5.365M	$4.181M
Short-Term Investments
Other Short-Term Assets	$3.100M	$3.100M
YoY Change	0.01%
Inventory
Prepaid Expenses	$3.100M	$3.123M
Receivables	$8.957M	$7.000M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$17.42M	$14.30M
YoY Change	21.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$326.2M	$393.1M
YoY Change	-17.01%
Goodwill	$17.32M	$17.32M
YoY Change	0.0%
Intangibles	$4.668M	$6.231M
YoY Change	-25.09%
Long-Term Investments	$14.50M	$10.24M
YoY Change	41.5%	-27.43%
Other Assets	$12.57M	$300.0K
YoY Change	4089.32%
Total Long-Term Assets	$376.1M	$428.3M
YoY Change	-12.2%
TOTAL ASSETS
Total Short-Term Assets	$17.42M	$14.30M
Total Long-Term Assets	$376.1M	$428.3M
Total Assets	$393.5M	$442.6M
YoY Change	-11.1%	77.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.491M	$1.000M
YoY Change	49.09%
Accrued Expenses	$4.686M	$12.20M
YoY Change	-61.59%
Deferred Revenue
YoY Change
Short-Term Debt	$5.867M	$12.90M
YoY Change	-54.52%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$13.62M	$28.20M
YoY Change	-51.69%
LONG-TERM LIABILITIES
Long-Term Debt	$183.9M	$196.8M
YoY Change	-6.55%
Other Long-Term Liabilities	$13.91M	$16.50M
YoY Change	-15.71%
Total Long-Term Liabilities	$197.8M	$213.3M
YoY Change	-7.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$13.62M	$28.20M
Total Long-Term Liabilities	$197.8M	$213.3M
Total Liabilities	$211.4M	$241.7M
YoY Change	-12.5%	84.87%
SHAREHOLDERS EQUITY
Retained Earnings	-$94.91M	-$84.18M
YoY Change	12.74%	332.38%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$121.5M	$140.7M
YoY Change
Total Liabilities & Shareholders Equity	$393.5M	$442.6M
YoY Change	-11.1%	77.47%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	-$903.6K	-$48.82M
YoY Change	-98.15%	5246.64%
Depreciation, Depletion And Amortization	$4.025M	$4.640M
YoY Change	-13.26%
Cash From Operating Activities	$100.6K	$1.948M
YoY Change	-94.83%	151.7%
INVESTING ACTIVITIES
Capital Expenditures	-$330.4K	$2.460M
YoY Change	-113.43%
Acquisitions
YoY Change
Other Investing Activities	$8.722M	-$990.0K
YoY Change	-980.96%
Cash From Investing Activities	$8.391M	-$3.446M
YoY Change	-343.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$8.747M	$2.210M
YoY Change	295.72%	-118.17%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$11.33M	-$1.003M
YoY Change	1030.53%	-36.99%
NET CHANGE
Cash From Operating Activities	$100.6K	$1.948M
Cash From Investing Activities	$8.391M	-$3.446M
Cash From Financing Activities	-$11.33M	-$1.003M
Net Change In Cash	-$2.842M	-$2.501M
YoY Change	13.63%	206.03%
FREE CASH FLOW
Cash From Operating Activities	$100.6K	$1.948M
Capital Expenditures	-$330.4K	$2.460M
Free Cash Flow	$431.0K	-$512.5K
YoY Change	-184.11%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001645873
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.3333
CY2021Q1	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.3333
CY2021Q1	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.3333
CY2021Q1	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.3333
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	000-55776
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	MODIV INC.
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-4156046
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	120 Newport Center Drive
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Newport Beach
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	92660
CY2021Q1	dei	City Area Code CityAreaCode	888
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	686-6348
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2021Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	true
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
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CY2020Q4	us-gaap	Land Land	65358321	USD
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CY2020Q1	us-gaap	Dividends Dividends	4189102	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-48823286	USD
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	191294801	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-903648	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-48823286	USD
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4024703	USD
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4635524	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	604645	USD
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	160866	USD
CY2021Q1	us-gaap	Straight Line Rent StraightLineRent	274823	USD
CY2020Q1	us-gaap	Straight Line Rent StraightLineRent	370848	USD
CY2021Q1	us-gaap	Amortization Of Lease Incentives AmortizationOfLeaseIncentives	65301	USD
CY2020Q1	us-gaap	Amortization Of Lease Incentives AmortizationOfLeaseIncentives	15301	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	99069	USD
CY2020Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	133240	USD
CY2021Q1	cik0001645873	Amortizationof Above Market Lease AmortizationofAboveMarketLease	32455	USD
CY2020Q1	cik0001645873	Amortizationof Above Market Lease AmortizationofAboveMarketLease	49483	USD
CY2021Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	367575	USD
CY2020Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	389822	USD
CY2021Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9157068	USD
CY2021Q1	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	0	USD
CY2020Q1	us-gaap	Goodwill And Intangible Asset Impairment GoodwillAndIntangibleAssetImpairment	34572403	USD
CY2021Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2020Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	112916	USD
CY2021Q1	cik0001645873	Reserve For Loan Guarantee ReserveForLoanGuarantee	0	USD
CY2020Q1	cik0001645873	Reserve For Loan Guarantee ReserveForLoanGuarantee	3129290	USD
CY2021Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	517000	USD
CY2020Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2021Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	289642	USD
CY2020Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	427119	USD
CY2020Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-1284967	USD
CY2021Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	72467	USD
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	20753	USD
CY2021Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	79379	USD
CY2020Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	165031	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	183201	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	533824	USD
CY2021Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	991512	USD
CY2020Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	780042	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-776474	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-386353	USD
CY2021Q1	us-gaap	Increase Decrease In Due To Affiliates Current IncreaseDecreaseInDueToAffiliatesCurrent	0	USD
CY2020Q1	us-gaap	Increase Decrease In Due To Affiliates Current IncreaseDecreaseInDueToAffiliatesCurrent	-170356	USD
CY2021Q1	cik0001645873	Increase Decrease In Operating Lease Right Of Use Asset Operating Lease Liability Net IncreaseDecreaseInOperatingLeaseRightOfUseAssetOperatingLeaseLiabilityNet	0	USD
CY2020Q1	cik0001645873	Increase Decrease In Operating Lease Right Of Use Asset Operating Lease Liability Net IncreaseDecreaseInOperatingLeaseRightOfUseAssetOperatingLeaseLiabilityNet	-6700	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	102091	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1947505	USD
CY2021Q1	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	330414	USD
CY2020Q1	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	2132535	USD
CY2021Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	USD
CY2020Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	323690	USD
CY2021Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	4500000	USD
CY2020Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	13221509	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	USD
CY2021Q1	cik0001645873	Paymentsto Acquire Lease Incentives PaymentstoAcquireLeaseIncentives	0	USD
CY2020Q1	cik0001645873	Paymentsto Acquire Lease Incentives PaymentstoAcquireLeaseIncentives	990000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	8391095	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3446225	USD
CY2021Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	6000000	USD
CY2020Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	4260000	USD
CY2021Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	6000000	USD
CY2020Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2021Q1	us-gaap	Proceeds From Secured Notes Payable ProceedsFromSecuredNotesPayable	12136000	USD
CY2020Q1	us-gaap	Proceeds From Secured Notes Payable ProceedsFromSecuredNotesPayable	4000000	USD
CY2021Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	13198773	USD
CY2020Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1310245	USD
CY2021Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	USD
CY2020Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	3775250	USD
CY2021Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	246587	USD
CY2020Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	24997	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1627707	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	6880682	USD
CY2021Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	409844	USD
CY2020Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	557652	USD
CY2021Q1	cik0001645873	Payments Of Selling Commissions Related To Stock Issuance PaymentsOfSellingCommissionsRelatedToStockIssuance	1466	USD
CY2020Q1	cik0001645873	Payments Of Selling Commissions Related To Stock Issuance PaymentsOfSellingCommissionsRelatedToStockIssuance	4176	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	10375063	USD
CY2020Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9091147	USD
CY2021Q1	cik0001645873	Increase In Share Redemptions Payable IncreaseInShareRedemptionsPayable	2082817	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	867410	USD
CY2020Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1379751	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-11335436	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1002536	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2842250	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2501256	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8377530	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6936930	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5535280	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4435674	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	1549932	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	1661405	USD
CY2021Q1	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	442674	USD
CY2020Q1	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	4393863	USD
CY2021Q1	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1129329	USD
CY2020Q1	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	2360514	USD
CY2020Q1	cik0001645873	Increase In Share Redemptions Payable IncreaseInShareRedemptionsPayable	0	USD
CY2021Q1	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	6528	USD
CY2021Q1	cik0001645873	Above Market Lease Period Increase Decrease AboveMarketLeasePeriodIncreaseDecrease	50549	USD
CY2021Q1	cik0001645873	Number Of Rentable Square Feet NumberOfRentableSquareFeet	2300000	sqft
CY2020Q1	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	0	USD
CY2020Q1	cik0001645873	Above Market Lease Period Increase Decrease AboveMarketLeasePeriodIncreaseDecrease	0	USD
CY2021Q1	cik0001645873	Authority To Issue Of Common Stock AuthorityToIssueOfCommonStock	450000000	shares
CY2020Q1	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	448837	USD
CY2021Q1	us-gaap	Contribution Of Property ContributionOfProperty	13207054	USD
CY2020Q1	us-gaap	Contribution Of Property ContributionOfProperty	0	USD
CY2021Q1	cik0001645873	Assets Relatedto Property Sales AssetsRelatedtoPropertySales	60230	USD
CY2020Q1	cik0001645873	Assets Relatedto Property Sales AssetsRelatedtoPropertySales	0	USD
CY2021Q1	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	2600684	USD
CY2020Q1	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	0	USD
CY2021Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	421903	USD
CY2020Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	0	USD
CY2021Q1	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	325734	USD
CY2020Q1	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	0	USD
CY2021Q1	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	14166	USD
CY2021Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	38	property
CY2021Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	14	state
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	21.01
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	21.01
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	21.01
CY2020Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	21.01
CY2021Q1	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	23.03
CY2021Q1	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	23.03
CY2021Q1	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	23.03
CY2021Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited condensed consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. These estimates are based on historical experience and, in some cases, assumptions based on current and future market experience, including considerations related to the COVID-19 pandemic (see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Notes 3</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">5 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for the prior year's impairment charges related primarily to COVID-19). Actual results may differ from those estimates.</span></div>
CY2021Q1	cik0001645873	Revenue Recognitionfrom Tenant Reimbursement RevenueRecognitionfromTenantReimbursement	1691387	USD
CY2020Q1	cik0001645873	Revenue Recognitionfrom Tenant Reimbursement RevenueRecognitionfromTenantReimbursement	2360919	USD
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9157068	USD
CY2020Q1	cik0001645873	Numberof Impaired Real Estate Properties NumberofImpairedRealEstateProperties	4	property
CY2021Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	170136	USD
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	129118	USD
CY2021Q1	cik0001645873	Tenant Reimbursement TenantReimbursement	60598	USD
CY2020Q4	cik0001645873	Tenant Reimbursement TenantReimbursement	60598	USD
CY2021Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	38	property
CY2021Q1	cik0001645873	Percentage Of Share In Property Owned PercentageOfShareInPropertyOwned	0.727
CY2020	cik0001645873	Percentage Of Share In Property Owned PercentageOfShareInPropertyOwned	0.727
CY2021Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:10pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balance sheet accounts have been reclassified to conform with the current year presentation. The reclassification did not affect the balances in the prior year statement of operations.</span></div>
CY2021Q1	cik0001645873	Land Building And Improvements LandBuildingAndImprovements	337755793	USD
CY2021Q1	us-gaap	Tenant Improvements TenantImprovements	24122471	USD
CY2021Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	35655770	USD
CY2021Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	326222494	USD
CY2020Q1	cik0001645873	Numberof Impaired Real Estate Properties Vacant NumberofImpairedRealEstatePropertiesVacant	2	property
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9157068	USD
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9157068	USD
CY2020Q1	cik0001645873	Impairmentof Real Estate Percentage ImpairmentofRealEstatePercentage	0.022
CY2021Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	9157068	USD
CY2020Q1	cik0001645873	Numberof Assets Acquired NumberofAssetsAcquired	0	property
CY2021Q1	cik0001645873	Numberof Assets Acquired NumberofAssetsAcquired	0	property
CY2020Q1	cik0001645873	Number Of Assets Disposed NumberOfAssetsDisposed	0	property
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	19293560	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	24100393	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	20156671	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	19674111	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	16455437	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	9610427	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	34217069	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	143507668	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P9Y4M24D
CY2020	cik0001645873	Number Of Real Estate Properties Identified As Held For Sale During Period NumberOfRealEstatePropertiesIdentifiedAsHeldForSaleDuringPeriod	9	property
	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	5	lease
CY2020	cik0001645873	Number Of Real Estate Properties Identified As Held For Sale During Period NumberOfRealEstatePropertiesIdentifiedAsHeldForSaleDuringPeriod	9	property
CY2020Q4	us-gaap	Goodwill Goodwill	17320857	USD
CY2019Q4	us-gaap	Goodwill Goodwill	50588000	USD
CY2021Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2020	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	33267143	USD
CY2021Q1	us-gaap	Goodwill Goodwill	17320857	USD
CY2020Q4	us-gaap	Goodwill Goodwill	17320857	USD
	cik0001645873	Decreasein Fairvalueof Real Estate Investment Property Percentage DecreaseinFairvalueofRealEstateInvestmentPropertyPercentage	0.14
CY2020Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	33267143	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	6960842	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	6960842	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	2293198	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1833054	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4667644	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5127788	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	460144	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	487219	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1380432	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1840576	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	749978	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	696658	USD
CY2021Q1	cik0001645873	Straight Line Rents StraightLineRents	4668259	USD
CY2020Q4	cik0001645873	Straight Line Rents StraightLineRents	4344388	USD
CY2021Q1	cik0001645873	Tenant Rent TenantRent	528516	USD
CY2020Q4	cik0001645873	Tenant Rent TenantRent	204775	USD
CY2021Q1	cik0001645873	Tenant Recoveries TenantRecoveries	1720249	USD
CY2020Q4	cik0001645873	Tenant Recoveries TenantRecoveries	1979963	USD
CY2021Q1	cik0001645873	Tenant Recoveries Other TenantRecoveriesOther	215354	USD
CY2020Q4	cik0001645873	Tenant Recoveries Other TenantRecoveriesOther	136664	USD
CY2021Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	7132378	USD
CY2020Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	6665790	USD
CY2021Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1490929	USD
CY2020Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1136954	USD
CY2021Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2191671	USD
CY2020Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	3068714	USD
CY2021Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	674842	USD
CY2020Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	706106	USD
CY2021Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	604254	USD
CY2020Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	629628	USD
CY2021Q1	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	1890520	USD
CY2020Q4	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	2033065	USD
CY2021Q1	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	5157	USD
CY2020Q4	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	5157	USD
CY2021Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	6857373	USD
CY2020Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7579624	USD
CY2021Q1	cik0001645873	Loans To Assets Ratio LoansToAssetsRatio	0.60
CY2021Q1	cik0001645873	Loans To Assets Ratio LoansToAssetsRatio	0.60
CY2021Q1	cik0001645873	Loans To Assets Ratio LoansToAssetsRatio	0.60
CY2021Q1	cik0001645873	Carrying Value Of Mortgage Loan CarryingValueOfMortgageLoan	177428620	USD
CY2021Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	179576868	USD
CY2020Q4	cik0001645873	Carrying Value Of Mortgage Loan CarryingValueOfMortgageLoan	175925918	USD
CY2020Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	177573106	USD
CY2021Q1	cik0001645873	Numberof Real Estate Properties Heldfor Sale NumberofRealEstatePropertiesHeldforSale	1	property
CY2020Q4	cik0001645873	Numberof Real Estate Properties Heldfor Sale NumberofRealEstatePropertiesHeldforSale	2	property
CY2021Q1	us-gaap	Line Of Credit LineOfCredit	6000000	USD
CY2020Q4	us-gaap	Line Of Credit LineOfCredit	6000000	USD
CY2021Q1	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	132836	USD
CY2020Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	21724	USD
CY2021Q1	us-gaap	Unsecured Debt UnsecuredDebt	5867164	USD
CY2020Q4	us-gaap	Unsecured Debt UnsecuredDebt	5978276	USD
CY2020Q4	us-gaap	Line Of Credit LineOfCredit	6000000	USD
CY2021Q1	cik0001645873	Debt Instrument Covenant Leverage Ratio Maximum DebtInstrumentCovenantLeverageRatioMaximum	0.55
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	6733921	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	27222168	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	26002800	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	24972155	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	28583552	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	26084091	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	44893671	USD
CY2021Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	184492358	USD
CY2021Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-415323	USD
CY2021Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1611897	USD
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	183295784	USD
CY2021Q1	us-gaap	Interest Expense Other InterestExpenseOther	39936	USD
CY2020Q4	cik0001645873	Tenant Reimbursement TenantReimbursement	60598	USD
CY2020Q1	us-gaap	Interest Expense Other InterestExpenseOther	48073	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	1781136	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	3904656	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	427119	USD
CY2020Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1284967	USD
CY2021Q1	cik0001645873	Liabilities Accrued Interest Payable Receivable LiabilitiesAccruedInterestPayableReceivable	56781	USD
CY2020Q4	cik0001645873	Liabilities Accrued Interest Payable Receivable LiabilitiesAccruedInterestPayableReceivable	45636	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	427119	USD
CY2020Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1284967	USD
CY2021Q1	cik0001645873	Tenant Reimbursement TenantReimbursement	60598	USD
CY2020Q4	cik0001645873	Tenant Reimbursement TenantReimbursement	60598	USD
CY2021Q1	cik0001645873	Stock Repurchase Program Termination Period StockRepurchaseProgramTerminationPeriod	P10D
CY2021Q1	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	24.61
CY2019Q4	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	30.48
CY2021Q1	us-gaap	Dividends Dividends	675221	USD

Files In Submission

Name	View Source	Status
0001645873-21-000099-index-headers.html	Edgar Link	pending
0001645873-21-000099-index.html	Edgar Link	pending
0001645873-21-000099.txt	Edgar Link	pending
0001645873-21-000099-xbrl.zip	Edgar Link	pending
cik0001645873-20210331.htm	Edgar Link	pending
cik0001645873-20210331.xsd	Edgar Link	pending
cik0001645873-20210331_cal.xml	Edgar Link	unprocessable
cik0001645873-20210331_def.xml	Edgar Link	unprocessable
cik0001645873-20210331_htm.xml	Edgar Link	completed
cik0001645873-20210331_lab.xml	Edgar Link	unprocessable
cik0001645873-20210331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
modivreit-20210331xex311.htm	Edgar Link	pending
modivreit-20210331xex312.htm	Edgar Link	pending
modivreit-20210331xex321.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

2021 Q1 Form 10-Q Financial Statement

#000164587321000099 Filed on May 17, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV MODIV INDUSTRIAL, INC. Stock $mdv

2021 Q1 Form 10-Q Financial Statement

#000164587321000099 Filed on May 17, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV
MODIV INDUSTRIAL, INC. Stock $mdv