2021 Q2 Form 10-Q Financial Statement

#000164587321000178 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $9.173M $9.277M
YoY Change -1.12% 57.34%
Cost Of Revenue $1.698M $1.850M
YoY Change -8.22%
Gross Profit $7.475M $7.420M
YoY Change 0.74%
Gross Profit Margin 81.49% 79.98%
Selling, General & Admin $2.876M $2.370M
YoY Change 21.34%
% of Gross Profit 38.47% 31.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.978M $4.480M
YoY Change -11.2%
% of Gross Profit 53.22% 60.38%
Operating Expenses $6.863M $6.830M
YoY Change 0.49% -5.74%
Operating Profit -$1.143M -$2.331M
YoY Change -50.98%
Interest Expense $2.099M $2.559M
YoY Change -17.99% 23.22%
% of Operating Profit
Other Income/Expense, Net $140.9K $121.4K
YoY Change 16.04% 97.09%
Pretax Income -$1.002M -$2.210M
YoY Change -54.67%
Income Tax
% Of Pretax Income
Net Earnings -$1.002M -$2.210M
YoY Change -54.67% 93.85%
Net Earnings / Revenue -10.92% -23.82%
Basic Earnings Per Share -$0.13 -$0.28
Diluted Earnings Per Share -$0.13 -$0.28
COMMON SHARES
Basic Shares Outstanding 7.614M shares 8.032M shares
Diluted Shares Outstanding 7.614M shares 8.032M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.866M $3.800M
YoY Change 107.0%
Cash & Equivalents $7.866M $3.820M
Short-Term Investments
Other Short-Term Assets $4.507M $2.400M
YoY Change 87.78%
Inventory
Prepaid Expenses $4.507M $2.434M
Receivables $7.156M $6.800M
Other Receivables $0.00 $0.00
Total Short-Term Assets $19.53M $13.00M
YoY Change 50.22%
LONG-TERM ASSETS
Property, Plant & Equipment $329.1M $370.6M
YoY Change -11.2%
Goodwill $17.32M $17.32M
YoY Change 0.0%
Intangibles $4.314M $6.002M
YoY Change -28.12%
Long-Term Investments $9.988M $10.20M
YoY Change -2.08% -27.08%
Other Assets $8.555M $18.90M
YoY Change -54.73%
Total Long-Term Assets $370.0M $424.1M
YoY Change -12.74%
TOTAL ASSETS
Total Short-Term Assets $19.53M $13.00M
Total Long-Term Assets $370.0M $424.1M
Total Assets $389.6M $437.1M
YoY Change -10.87% 74.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.8K $1.800M
YoY Change -77.85%
Accrued Expenses $4.771M $10.30M
YoY Change -53.68%
Deferred Revenue
YoY Change
Short-Term Debt $2.889M $12.00M
YoY Change -75.92%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.84M $25.60M
YoY Change -53.73%
LONG-TERM LIABILITIES
Long-Term Debt $186.0M $196.8M
YoY Change -5.51%
Other Long-Term Liabilities $13.30M $16.10M
YoY Change -17.4%
Total Long-Term Liabilities $199.3M $212.9M
YoY Change -6.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.84M $25.60M
Total Long-Term Liabilities $199.3M $212.9M
Total Liabilities $211.1M $238.5M
YoY Change -11.48% 93.04%
SHAREHOLDERS EQUITY
Retained Earnings -$97.89M -$89.66M
YoY Change 9.17% 286.23%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.4M $139.1M
YoY Change
Total Liabilities & Shareholders Equity $389.6M $437.1M
YoY Change -10.87% 74.75%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$1.002M -$2.210M
YoY Change -54.67% 93.85%
Depreciation, Depletion And Amortization $3.978M $4.480M
YoY Change -11.2%
Cash From Operating Activities $2.981M $1.430M
YoY Change 108.48%
INVESTING ACTIVITIES
Capital Expenditures -$91.06K $240.0K
YoY Change -137.94%
Acquisitions
YoY Change
Other Investing Activities $6.324M $0.00
YoY Change
Cash From Investing Activities $6.233M -$240.0K
YoY Change -2697.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.375M -1.550M
YoY Change 182.29%
NET CHANGE
Cash From Operating Activities 2.981M 1.430M
Cash From Investing Activities 6.233M -240.0K
Cash From Financing Activities -4.375M -1.550M
Net Change In Cash 4.839M -360.0K
YoY Change -1444.21%
FREE CASH FLOW
Cash From Operating Activities $2.981M $1.430M
Capital Expenditures -$91.06K $240.0K
Free Cash Flow $3.072M $1.190M
YoY Change 158.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Tenant Improvements
TenantImprovements
23792057 USD
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001645873
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
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-55776
dei Entity Registrant Name
EntityRegistrantName
MODIV INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-4156046
dei Entity Address Address Line1
EntityAddressAddressLine1
120 Newport Center Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Newport Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92660
dei City Area Code
CityAreaCode
888
dei Local Phone Number
LocalPhoneNumber
686-6348
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 us-gaap Land
Land
65510507 USD
CY2020Q4 us-gaap Land
Land
65358321 USD
CY2021Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
278389463 USD
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
272397472 USD
CY2021Q2 us-gaap Tenant Improvements
TenantImprovements
23570335 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2508471 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
129118 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
32091211 USD
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
329093007 USD
CY2021Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
367470305 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
361547850 USD
CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
38377298 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
329456639 USD
CY2021Q2 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
9987703 USD
CY2020Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
10002368 USD
CY2021Q2 us-gaap Real Estate Investments
RealEstateInvestments
339080710 USD
CY2020Q4 us-gaap Real Estate Investments
RealEstateInvestments
339459007 USD
CY2021Q2 cik0001645873 Disposal Group Including Discontinued Operation Real Estate Investment Property Net
DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet
5375746 USD
CY2020Q4 cik0001645873 Disposal Group Including Discontinued Operation Real Estate Investment Property Net
DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet
24585739 USD
CY2021Q2 cik0001645873 Real Estate Investments Net Including Disposal Group
RealEstateInvestmentsNetIncludingDisposalGroup
344456456 USD
CY2020Q4 cik0001645873 Real Estate Investments Net Including Disposal Group
RealEstateInvestmentsNetIncludingDisposalGroup
364044746 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7865974 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8248412 USD
CY2020Q4 us-gaap Nontrade Receivables
NontradeReceivables
1824383 USD
CY2021Q2 us-gaap Nontrade Receivables
NontradeReceivables
0 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
7155823 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
6665790 USD
CY2021Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
755929 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
820842 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4506724 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2171717 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
671265 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
1079361 USD
CY2021Q2 us-gaap Goodwill
Goodwill
17320857 USD
CY2020Q4 us-gaap Goodwill
Goodwill
17320857 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4313799 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5127788 USD
CY2021Q2 us-gaap Assets
Assets
389555298 USD
CY2020Q4 us-gaap Assets
Assets
407433014 USD
CY2021Q2 us-gaap Secured Debt
SecuredDebt
181576606 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
175925918 USD
CY2021Q2 cik0001645873 Disposal Group Including Discontinued Operation Secured Debt
DisposalGroupIncludingDiscontinuedOperationSecuredDebt
4381426 USD
CY2020Q4 cik0001645873 Disposal Group Including Discontinued Operation Secured Debt
DisposalGroupIncludingDiscontinuedOperationSecuredDebt
9088438 USD
CY2021Q2 cik0001645873 Secured Debt Including Disposal Group
SecuredDebtIncludingDisposalGroup
185958032 USD
CY2020Q4 cik0001645873 Secured Debt Including Disposal Group
SecuredDebtIncludingDisposalGroup
185014356 USD
CY2021Q2 us-gaap Unsecured Debt
UnsecuredDebt
2889303 USD
CY2020Q4 us-gaap Unsecured Debt
UnsecuredDebt
5978276 USD
CY2021Q2 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
0 USD
CY2020Q4 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
517000 USD
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7953386 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7579624 USD
CY2021Q2 cik0001645873 Share Repurchases Payable
ShareRepurchasesPayable
1001243 USD
CY2020Q4 cik0001645873 Share Repurchases Payable
ShareRepurchasesPayable
2980559 USD
CY2021Q2 cik0001645873 Belowmarket Lease Intangibles Net
BelowmarketLeaseIntangiblesNet
11830587 USD
CY2020Q4 cik0001645873 Belowmarket Lease Intangibles Net
BelowmarketLeaseIntangiblesNet
12565737 USD
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1240336 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1743889 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
227433 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
801337 USD
CY2021Q2 us-gaap Liabilities
Liabilities
211100320 USD
CY2020Q4 us-gaap Liabilities
Liabilities
217180778 USD
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
10413691 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
7365568 USD
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
215317098 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
224288417 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-97886364 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-92012686 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
117438287 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
132283668 USD
CY2021Q2 us-gaap Minority Interest
MinorityInterest
50603000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
50603000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
168041287 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
182886668 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
389555298 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
407433014 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9173000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9277020 USD
CY2020Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1854637 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
3452833 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18213863 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
20331429 USD
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2875869 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2369358 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6158753 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4924363 USD
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3978323 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4480262 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
8003026 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9115786 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
2098649 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
2558877 USD
us-gaap Interest Expense
InterestExpense
3879785 USD
us-gaap Interest Expense
InterestExpense
6463533 USD
CY2021Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1697886 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
3803356 USD
CY2021Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-400999 USD
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
349457 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-400999 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9506525 USD
CY2021Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
34572403 USD
CY2021Q2 cik0001645873 Guarantor Obligations Expense
GuarantorObligationsExpense
0 USD
CY2020Q2 cik0001645873 Guarantor Obligations Expense
GuarantorObligationsExpense
-4253 USD
cik0001645873 Guarantor Obligations Expense
GuarantorObligationsExpense
0 USD
cik0001645873 Guarantor Obligations Expense
GuarantorObligationsExpense
3125037 USD
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
10249728 USD
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
11608338 USD
us-gaap Costs And Expenses
CostsAndExpenses
21093398 USD
us-gaap Costs And Expenses
CostsAndExpenses
71511003 USD
CY2021Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2020Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
289642 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1076728 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2331318 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-2589893 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-51179574 USD
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
51 USD
CY2020Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
605 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
100 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
4822 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
74834 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
125658 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
147302 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
146411 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
517000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4855 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4855 USD
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
74885 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
121408 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
684402 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
146378 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1001843 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2209910 USD
us-gaap Net Income Loss
NetIncomeLoss
-1905491 USD
us-gaap Net Income Loss
NetIncomeLoss
-51033196 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.39
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7614196 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7614196 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8032467 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8032467 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7630401 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7630401 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7992108 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7992108 shares
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2625
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4080
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.5250
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.9330
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
172146694 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1804545 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
110000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
657087 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
400788 USD
CY2021Q2 cik0001645873 Adjustments To Additional Paid In Capital Decrease In Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalDecreaseInRedeemableCommonStock
626133 USD
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2671764 USD
CY2021Q2 us-gaap Dividends
Dividends
1976511 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1001843 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
168041287 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
191294801 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4851043 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
70000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
88784 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
265270 USD
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
30602 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
199693 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
896628 USD
CY2020Q2 us-gaap Dividends
Dividends
3270291 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-2209910 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
189662529 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
182886668 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4561611 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
201250 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1191732 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
810632 USD
cik0001645873 Adjustments To Additional Paid In Capital Decrease In Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalDecreaseInRedeemableCommonStock
1068807 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13046857 USD
us-gaap Dividends
Dividends
3968187 USD
us-gaap Net Income Loss
NetIncomeLoss
-1905491 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
168041287 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
240172562 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14092239 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
147302 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
129583 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
177567 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
822921 USD
cik0001645873 Adjustments To Additional Paid In Capital Decrease In Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalDecreaseInRedeemableCommonStock
-4393863 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9987775 USD
us-gaap Dividends
Dividends
7459393 USD
us-gaap Net Income Loss
NetIncomeLoss
-51033196 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
189662529 USD
us-gaap Net Income Loss
NetIncomeLoss
-1905491 USD
us-gaap Net Income Loss
NetIncomeLoss
-51033196 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
8003026 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9115786 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1371732 USD
us-gaap Share Based Compensation
ShareBasedCompensation
350900 USD
us-gaap Straight Line Rent
StraightLineRent
702978 USD
us-gaap Straight Line Rent
StraightLineRent
631054 USD
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
105541 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
298283 USD
cik0001645873 Amortizationof Above Market Lease
AmortizationofAboveMarketLease
64913 USD
cik0001645873 Amortizationof Above Market Lease
AmortizationofAboveMarketLease
98966 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
735150 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
774589 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-400999 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9506525 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
34572403 USD
cik0001645873 Reserve For Loan Guarantee
ReserveForLoanGuarantee
0 USD
cik0001645873 Reserve For Loan Guarantee
ReserveForLoanGuarantee
3125037 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
517000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
289642 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
517719 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-1292752 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
146411 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
161967 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
334189 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-569375 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16688 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
229695 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
606696 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1946918 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1515624 USD
us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
0 USD
us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
-631702 USD
cik0001645873 Increase Decrease In Operating Lease Right Of Use Asset Operating Lease Liability Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetOperatingLeaseLiabilityNet
0 USD
cik0001645873 Increase Decrease In Operating Lease Right Of Use Asset Operating Lease Liability Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetOperatingLeaseLiabilityNet
-13399 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3083353 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3382882 USD
cik0001645873 Payments To Acquire Additional Real Estate Investments
PaymentsToAcquireAdditionalRealEstateInvestments
309717 USD
cik0001645873 Payments To Acquire Additional Real Estate Investments
PaymentsToAcquireAdditionalRealEstateInvestments
2170913 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
111750 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
533041 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1824383 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
13221509 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
cik0001645873 Paymentsto Acquire Lease Incentives
PaymentstoAcquireLeaseIncentives
0 USD
cik0001645873 Paymentsto Acquire Lease Incentives
PaymentstoAcquireLeaseIncentives
990000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14624425 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3693954 USD
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
6000000 USD
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
4260000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
9000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
25436000 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
4000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
24399915 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2003558 USD
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
527000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4800000 USD
us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
81196 USD
us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
381076 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
56997 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2299380 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9427526 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
810632 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
822921 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13046857 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9987775 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1726567 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3090265 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15710863 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2546990 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1996915 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2858062 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
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10374445 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4078868 USD
us-gaap Interest Paid Net
InterestPaidNet
4147114 USD
us-gaap Interest Paid Net
InterestPaidNet
4678783 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
-1068807 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
4393863 USD
cik0001645873 Reinvested Distribution To Investment In Rich Uncles Reit I
ReinvestedDistributionToInvestmentInRichUnclesReitI
2262231 USD
cik0001645873 Reinvested Distribution To Investment In Rich Uncles Reit I
ReinvestedDistributionToInvestmentInRichUnclesReitI
4664713 USD
cik0001645873 Increase Decrease In Share Redemptions Payable
IncreaseDecreaseInShareRedemptionsPayable
-1979316 USD
cik0001645873 Increase Decrease In Share Redemptions Payable
IncreaseDecreaseInShareRedemptionsPayable
750684 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
-2128538 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
0 USD
cik0001645873 Non Cash Or Part Non Cash Transactions Accrued Distributions
NonCashOrPartNonCashTransactionsAccruedDistributions
23256 USD
cik0001645873 Non Cash Or Part Non Cash Transactions Accrued Distributions
NonCashOrPartNonCashTransactionsAccruedDistributions
295585 USD
us-gaap Contribution Of Property
ContributionOfProperty
19209993 USD
us-gaap Contribution Of Property
ContributionOfProperty
17926407 USD
cik0001645873 Assets Relatedto Property Sales
AssetsRelatedtoPropertySales
408096 USD
cik0001645873 Assets Relatedto Property Sales
AssetsRelatedtoPropertySales
725990 USD
cik0001645873 Above Market Lease Period Increase Decrease
AboveMarketLeasePeriodIncreaseDecrease
50549 USD
cik0001645873 Above Market Lease Period Increase Decrease
AboveMarketLeasePeriodIncreaseDecrease
198517 USD
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
4707012 USD
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
9549467 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
573904 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
196938 USD
us-gaap Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
324734 USD
us-gaap Below Market Lease Period Increase Decrease
BelowMarketLeasePeriodIncreaseDecrease
73505 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
14166 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
0 USD
CY2021Q2 cik0001645873 Authority To Issue Of Common Stock
AuthorityToIssueOfCommonStock
450000000 shares
CY2021Q2 cik0001645873 Number Of Rentable Square Feet
NumberOfRentableSquareFeet
2300000 sqft
CY2021Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
38 property
CY2021Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
38 property
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
CY2021Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
24.61
CY2021Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
24.61
CY2021Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
24.61
CY2020Q2 cik0001645873 Revenue Recognitionfrom Tenant Reimbursement
RevenueRecognitionfromTenantReimbursement
1538586 USD
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>
CY2021Q2 cik0001645873 Revenue Recognitionfrom Tenant Reimbursement
RevenueRecognitionfromTenantReimbursement
1703974 USD
cik0001645873 Revenue Recognitionfrom Tenant Reimbursement
RevenueRecognitionfromTenantReimbursement
3395361 USD
cik0001645873 Revenue Recognitionfrom Tenant Reimbursement
RevenueRecognitionfromTenantReimbursement
3899505 USD
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
349457 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9506525 USD
CY2020Q2 cik0001645873 Numberof Impaired Real Estate Properties
NumberofImpairedRealEstateProperties
1 property
cik0001645873 Numberof Impaired Real Estate Properties
NumberofImpairedRealEstateProperties
4 property
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2508471 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
129118 USD
CY2021Q2 cik0001645873 Tenant Reimbursement
TenantReimbursement
189136 USD
CY2020Q4 cik0001645873 Tenant Reimbursement
TenantReimbursement
60598 USD
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
2210864 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
32086 USD
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>
CY2021Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
38 property
CY2021Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
14 state
CY2021Q2 cik0001645873 Land Building And Improvements
LandBuildingAndImprovements
343899970 USD
CY2021Q2 us-gaap Tenant Improvements
TenantImprovements
23570335 USD
CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
38377298 USD
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
329093007 USD
CY2020Q1 cik0001645873 Numberof Impaired Real Estate Properties Vacant
NumberofImpairedRealEstatePropertiesVacant
2 property
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9157068 USD
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
349457 USD
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9157068 USD
cik0001645873 Number Of Assets Disposed
NumberOfAssetsDisposed
0 property
CY2020Q1 cik0001645873 Impairmentof Real Estate Percentage
ImpairmentofRealEstatePercentage
0.022
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
349457 USD
CY2020Q2 cik0001645873 Impairmentof Real Estate Percentage
ImpairmentofRealEstatePercentage
0.001
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
349457 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
9506525 USD
CY2021Q2 cik0001645873 Numberof Assets Acquired
NumberofAssetsAcquired
0 property
CY2020Q2 cik0001645873 Numberof Assets Acquired
NumberofAssetsAcquired
0 property
CY2021Q2 cik0001645873 Number Of Assets Disposed
NumberOfAssetsDisposed
0 property
CY2020Q2 cik0001645873 Number Of Assets Disposed
NumberOfAssetsDisposed
0 property
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
13219545 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
25533893 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
22070671 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
21588111 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
18369437 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
11524427 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
42329568 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
154635652 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y4M24D
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
cik0001645873 Number Of Real Estate Properties Identified As Held For Sale During Period
NumberOfRealEstatePropertiesIdentifiedAsHeldForSaleDuringPeriod
9 property
CY2020Q4 cik0001645873 Number Of Real Estate Properties Held For Investment
NumberOfRealEstatePropertiesHeldForInvestment
2 lease
CY2020Q4 cik0001645873 Number Of Real Estate Properties Held For Investment
NumberOfRealEstatePropertiesHeldForInvestment
2 lease
cik0001645873 Decreasein Fairvalueof Real Estate Investment Property Percentage
DecreaseinFairvalueofRealEstateInvestmentPropertyPercentage
0.14
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
33267143 USD
CY2020Q4 us-gaap Goodwill
Goodwill
17320857 USD
CY2019Q4 us-gaap Goodwill
Goodwill
50588000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
33267143 USD
CY2021Q2 us-gaap Goodwill
Goodwill
17320857 USD
CY2020Q4 us-gaap Goodwill
Goodwill
17320857 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7072592 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6960842 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2758793 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1833054 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4313799 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5127788 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
465595 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
438770 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
925739 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
925989 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
938913 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1877826 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
787228 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
709832 USD
CY2021Q2 cik0001645873 Straight Line Rents
StraightLineRents
5163964 USD
CY2020Q4 cik0001645873 Straight Line Rents
StraightLineRents
4344388 USD
CY2021Q2 cik0001645873 Tenant Rent
TenantRent
384661 USD
CY2020Q4 cik0001645873 Tenant Rent
TenantRent
204775 USD
CY2021Q2 cik0001645873 Tenant Recoveries
TenantRecoveries
1607198 USD
CY2020Q4 cik0001645873 Tenant Recoveries
TenantRecoveries
2116627 USD
CY2021Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
7155823 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
6665790 USD
CY2021Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
398793 USD
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1136954 USD
CY2021Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2505713 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3068714 USD
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
649812 USD
CY2020Q4 cik0001645873 Carrying Value Of Mortgage Loan
CarryingValueOfMortgageLoan
175925918 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
706106 USD
CY2021Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
580882 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
629628 USD
CY2021Q2 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1684491 USD
CY2020Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
2033065 USD
CY2021Q2 cik0001645873 Deferred Tenant Reimbursement
DeferredTenantReimbursement
2133695 USD
CY2020Q4 cik0001645873 Deferred Tenant Reimbursement
DeferredTenantReimbursement
5157 USD
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7953386 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7579624 USD
cik0001645873 Loans To Assets Ratio
LoansToAssetsRatio
0.60
cik0001645873 Loans To Assets Ratio
LoansToAssetsRatio
0.60
cik0001645873 Loans To Assets Ratio
LoansToAssetsRatio
0.60
CY2021Q2 cik0001645873 Carrying Value Of Mortgage Loan
CarryingValueOfMortgageLoan
181576606 USD
CY2021Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
184187667 USD
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
177573106 USD
CY2021Q2 cik0001645873 Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
1 property
CY2020Q4 cik0001645873 Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
2 property
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
3000000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
6000000 USD
CY2021Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
110697 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
21724 USD
CY2021Q2 us-gaap Unsecured Debt
UnsecuredDebt
2889303 USD
CY2020Q4 us-gaap Unsecured Debt
UnsecuredDebt
5978276 USD
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
3000000 USD
CY2021Q2 cik0001645873 Debt Instrument Covenant Leverage Ratio Maximum
DebtInstrumentCovenantLeverageRatioMaximum
0.55
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11171882 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
22203304 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
31562644 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
9196648 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
28970205 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
26484106 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
56169973 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
185758762 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-390426 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1683279 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
184465909 USD
CY2021Q2 us-gaap Interest Expense Other
InterestExpenseOther
9182 USD
CY2020Q2 us-gaap Interest Expense Other
InterestExpenseOther
8904 USD
us-gaap Interest Expense Other
InterestExpenseOther
49118 USD
us-gaap Interest Expense Other
InterestExpenseOther
65228 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
2098649 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
2558877 USD
us-gaap Interest Expense
InterestExpense
3879785 USD
us-gaap Interest Expense
InterestExpense
6463533 USD
CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
90600 USD
CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-7785 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
517719 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1292752 USD
CY2021Q2 cik0001645873 Liabilities Accrued Interest Payable Receivable
LiabilitiesAccruedInterestPayableReceivable
55180 USD
CY2020Q4 cik0001645873 Liabilities Accrued Interest Payable Receivable
LiabilitiesAccruedInterestPayableReceivable
45636 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1292752 USD
CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
90600 USD
CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-7785 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
517719 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31250 USD
CY2021Q2 cik0001645873 Tenant Reimbursement
TenantReimbursement
189136 USD
CY2020Q4 cik0001645873 Tenant Reimbursement
TenantReimbursement
60598 USD
cik0001645873 Stock Repurchase Program Termination Period
StockRepurchaseProgramTerminationPeriod
P10D
CY2021Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
26.05
CY2019Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
30.48
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
3000000 USD

Files In Submission

Name View Source Status
0001645873-21-000178-index-headers.html Edgar Link pending
0001645873-21-000178-index.html Edgar Link pending
0001645873-21-000178.txt Edgar Link pending
0001645873-21-000178-xbrl.zip Edgar Link pending
cik0001645873-20210630.htm Edgar Link pending
cik0001645873-20210630.xsd Edgar Link pending
cik0001645873-20210630_cal.xml Edgar Link unprocessable
cik0001645873-20210630_def.xml Edgar Link unprocessable
cik0001645873-20210630_htm.xml Edgar Link completed
cik0001645873-20210630_lab.xml Edgar Link unprocessable
cik0001645873-20210630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
modivreit-20210630xex311.htm Edgar Link pending
modivreit-20210630xex312.htm Edgar Link pending
modivreit-20210630xex321.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending