$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

$mdv Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000164587322000142 Filed on May 16, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$9.649M	$9.041M
YoY Change	6.72%	-18.21%
Cost Of Revenue	$2.765M	$1.755M
YoY Change	57.53%	-10.0%
Gross Profit	$6.884M	$7.286M
YoY Change	-5.52%	-20.02%
Gross Profit Margin	71.35%	80.59%
Selling, General & Admin	$2.618M	$3.283M
YoY Change	-20.25%	28.24%
% of Gross Profit	38.03%	45.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.300M	$4.025M
YoY Change	-17.99%	-13.26%
% of Gross Profit	47.94%	55.24%
Operating Expenses	$5.976M	$7.058M
YoY Change	-15.33%	-31.87%
Operating Profit	-$10.52M	-$1.579M
YoY Change	566.35%	-96.77%
Interest Expense	$1.568M	$1.781M
YoY Change	-11.96%	-54.38%
% of Operating Profit
Other Income/Expense, Net	-$1.550M	$675.5K
YoY Change	-329.52%	2605.29%
Pretax Income	-$12.07M	-$903.7K
YoY Change	1236.04%	-98.15%
Income Tax
% Of Pretax Income
Net Earnings	-$10.15M	-$903.6K
YoY Change	1022.69%	-98.15%
Net Earnings / Revenue	-105.15%	-10.0%
Basic Earnings Per Share	-$1.47	-$0.12
Diluted Earnings Per Share	-$1.47	-$0.12
COMMON SHARES
Basic Shares Outstanding	7.533M shares	7.707M shares
Diluted Shares Outstanding	7.533M shares	7.707M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$25.34M	$5.365M
YoY Change	372.38%	27.74%
Cash & Equivalents	$25.34M	$5.365M
Short-Term Investments
Other Short-Term Assets	$7.810M	$3.100M
YoY Change	151.91%	0.01%
Inventory
Prepaid Expenses	$7.810M	$3.100M
Receivables	$8.862M	$8.957M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$42.02M	$17.42M
YoY Change	141.16%	21.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$371.2M	$326.2M
YoY Change	13.79%	-17.01%
Goodwill	$0.00	$17.32M
YoY Change	-100.0%	0.0%
Intangibles		$4.668M
YoY Change		-25.09%
Long-Term Investments	$9.941M	$14.50M
YoY Change	-31.42%	41.5%
Other Assets	$0.00	$12.57M
YoY Change	-100.0%	4089.32%
Total Long-Term Assets	$381.8M	$376.1M
YoY Change	1.53%	-12.2%
TOTAL ASSETS
Total Short-Term Assets	$42.02M	$17.42M
Total Long-Term Assets	$381.8M	$376.1M
Total Assets	$423.8M	$393.5M
YoY Change	7.71%	-11.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.249M	$1.491M
YoY Change	-16.2%	49.09%
Accrued Expenses	$5.524M	$4.686M
YoY Change	17.87%	-61.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$5.867M
YoY Change	-100.0%	-54.52%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$8.784M	$13.62M
YoY Change	-35.52%	-51.69%
LONG-TERM LIABILITIES
Long-Term Debt	$164.3M	$183.9M
YoY Change	-10.68%	-6.55%
Other Long-Term Liabilities	$10.74M	$13.91M
YoY Change	-22.78%	-15.71%
Total Long-Term Liabilities	$175.0M	$197.8M
YoY Change	-11.53%	-7.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$8.784M	$13.62M
Total Long-Term Liabilities	$175.0M	$197.8M
Total Liabilities	$183.8M	$211.4M
YoY Change	-13.08%	-12.5%
SHAREHOLDERS EQUITY
Retained Earnings	-$115.6M	-$94.91M
YoY Change	21.8%	12.74%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$852.7K
YoY Change
Treasury Stock Shares	50.86K shares
Shareholders Equity	$158.9M	$121.5M
YoY Change
Total Liabilities & Shareholders Equity	$423.8M	$393.5M
YoY Change	7.71%	-11.1%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	-$10.15M	-$903.6K
YoY Change	1022.69%	-98.15%
Depreciation, Depletion And Amortization	$3.300M	$4.025M
YoY Change	-17.99%	-13.26%
Cash From Operating Activities	-$1.083M	$100.6K
YoY Change	-1176.58%	-94.83%
INVESTING ACTIVITIES
Capital Expenditures	$45.46M	-$330.4K
YoY Change	-13859.87%	-113.43%
Acquisitions
YoY Change
Other Investing Activities	$36.61M	$8.722M
YoY Change	319.73%	-980.96%
Cash From Investing Activities	-$8.857M	$8.391M
YoY Change	-205.56%	-343.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$738.2K	$8.747M
YoY Change	-91.56%	295.72%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$23.12M	-$11.33M
YoY Change	104.01%	1030.53%
NET CHANGE
Cash From Operating Activities	-$1.083M	$100.6K
Cash From Investing Activities	-$8.857M	$8.391M
Cash From Financing Activities	-$23.12M	-$11.33M
Net Change In Cash	-$33.06M	-$2.842M
YoY Change	1063.28%	13.63%
FREE CASH FLOW
Cash From Operating Activities	-$1.083M	$100.6K
Capital Expenditures	$45.46M	-$330.4K
Free Cash Flow	-$46.55M	$431.0K
YoY Change	-10898.96%	-184.11%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Amendment Flag AmendmentFlag	false
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	40911625	USD
CY2022Q1	dei	City Area Code CityAreaCode	888
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	686-6348
CY2021Q4	us-gaap	Nontrade Receivables NontradeReceivables	1836767	USD
CY2022Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001645873
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-40814
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	MODIV INC.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-4156046
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	120 Newport Center Drive
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Newport Beach
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	92660
CY2022Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	7220013	USD
CY2021Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	5996919	USD
CY2022Q1	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	658563	USD
CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q1	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7477466	shares
CY2022Q1	us-gaap	Land Land	94309538	USD
CY2021Q4	us-gaap	Land Land	61005402	USD
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CY2021Q4	us-gaap	Tenant Improvements TenantImprovements	21504210	USD
CY2022Q1	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	USD
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CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	511865	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	604645	USD
CY2022Q1	us-gaap	Straight Line Rent StraightLineRent	110505	USD
CY2021Q1	us-gaap	Straight Line Rent StraightLineRent	274823	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	71394	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	65301	USD
CY2022Q1	cik0001645873	Amortization And Write Off Of Debt Issuance Costs And Discounts AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts	1266726	USD
CY2021Q1	cik0001645873	Amortization And Write Off Of Debt Issuance Costs And Discounts AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts	99069	USD
CY2022Q1	cik0001645873	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	32456	USD
CY2021Q1	cik0001645873	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	32455	USD
CY2022Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	363074	USD
CY2021Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	367575	USD
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	17320857	USD
CY2021Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2022Q1	cik0001645873	Gain On Forgiveness Of Note Payable GainOnForgivenessOfNotePayable	0	USD
CY2021Q1	cik0001645873	Gain On Forgiveness Of Note Payable GainOnForgivenessOfNotePayable	517000	USD
CY2022Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	7400777	USD
CY2021Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	289642	USD
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	0	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	427119	USD
CY2022Q1	cik0001645873	Write Off Of Unrealized Gain Loss On Derivatives WriteOffOfUnrealizedGainLossOnDerivatives	-788016	USD
CY2021Q1	cik0001645873	Write Off Of Unrealized Gain Loss On Derivatives WriteOffOfUnrealizedGainLossOnDerivatives	0	USD
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	95464	USD
CY2021Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	72467	USD
CY2022Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	95367	USD
CY2021Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	79379	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	358227	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	183201	USD
CY2022Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	618439	USD
CY2021Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	991512	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1874801	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-777940	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1083310	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	100625	USD
CY2022Q1	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	44714508	USD
CY2021Q1	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	0	USD
CY2022Q1	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	749481	USD
CY2021Q1	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	330414	USD
CY2022Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	195000	USD
CY2021Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	USD
CY2022Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
CY2021Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	4500000	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	38911538	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	13221509	USD
CY2022Q1	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	500000	USD
CY2021Q1	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	0	USD
CY2022Q1	cik0001645873	Payments To Acquire Lease Incentives PaymentsToAcquireLeaseIncentives	2000000	USD
CY2021Q1	cik0001645873	Payments To Acquire Lease Incentives PaymentsToAcquireLeaseIncentives	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8857451	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	8391095	USD
CY2022Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	100000000	USD
CY2021Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	0	USD
CY2022Q1	us-gaap	Proceeds From Secured Lines Of Credit ProceedsFromSecuredLinesOfCredit	20775000	USD
CY2021Q1	us-gaap	Proceeds From Secured Lines Of Credit ProceedsFromSecuredLinesOfCredit	0	USD
CY2022Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	8022000	USD
CY2021Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2022Q1	us-gaap	Proceeds From Secured Notes Payable ProceedsFromSecuredNotesPayable	0	USD
CY2021Q1	us-gaap	Proceeds From Secured Notes Payable ProceedsFromSecuredNotesPayable	12136000	USD
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	130277534	USD
CY2021Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	13198773	USD
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2186468	USD
CY2021Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	246587	USD
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	114500	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1627707	USD
CY2022Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	189412	USD
CY2021Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	409844	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	852721	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	10375063	USD
CY2022Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1065278	USD
CY2021Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1418783	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	867410	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-11333970	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-33063457	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-23122696	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2842250	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	58407520	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8377530	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	25344063	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5535280	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	1477384	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	2019036	USD
CY2022Q1	us-gaap	Stock Issued1 StockIssued1	32809551	USD
CY2021Q1	us-gaap	Stock Issued1 StockIssued1	0	USD
CY2022Q1	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	0	USD
CY2021Q1	us-gaap	Reclassifications Of Temporary To Permanent Equity ReclassificationsOfTemporaryToPermanentEquity	442674	USD
CY2022Q1	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1492404	USD
CY2021Q1	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1129329	USD
CY2022Q1	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	612403	USD
CY2021Q1	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	0	USD
CY2022Q1	cik0001645873	Transfer Of Tenant Improvements From Other Assets To Real Estate Investments TransferOfTenantImprovementsFromOtherAssetsToRealEstateInvestments	73323	USD
CY2021Q1	cik0001645873	Transfer Of Tenant Improvements From Other Assets To Real Estate Investments TransferOfTenantImprovementsFromOtherAssetsToRealEstateInvestments	0	USD
CY2022Q1	cik0001645873	Increase Decreasein Share Repurchase Payable IncreaseDecreaseinShareRepurchasePayable	0	USD
CY2021Q1	cik0001645873	Increase Decreasein Share Repurchase Payable IncreaseDecreaseinShareRepurchasePayable	-2082817	USD
CY2022Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	100000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	0	USD
CY2022Q1	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	124698	USD
CY2021Q1	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	6525	USD
CY2022Q1	us-gaap	Contribution Of Property ContributionOfProperty	31510762	USD
CY2021Q1	us-gaap	Contribution Of Property ContributionOfProperty	13207054	USD
CY2022Q1	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	788296	USD
CY2021Q1	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	60230	USD
CY2022Q1	cik0001645873	Above Market Lease Period Increase Decrease AboveMarketLeasePeriodIncreaseDecrease	0	USD
CY2021Q1	cik0001645873	Above Market Lease Period Increase Decrease AboveMarketLeasePeriodIncreaseDecrease	-50549	USD
CY2022Q1	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	21699912	USD
CY2021Q1	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	2600684	USD
CY2022Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	383282	USD
CY2021Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	421903	USD
CY2022Q1	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	0	USD
CY2021Q1	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	325734	USD
CY2022Q1	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	0	USD
CY2021Q1	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	14166	USD
CY2022Q1	cik0001645873	Authority To Issue Of Common Stock AuthorityToIssueOfCommonStock	450000000	shares
CY2022Q1	cik0001645873	Number Of Rentable Square Feet NumberOfRentableSquareFeet	2300000	sqft
CY2022Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	36	property
CY2022Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	852721	USD
CY2022Q1	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. Actual results may differ from those estimates.</span></div>
CY2022Q1	cik0001645873	Revenue Recognition From Tenant Reimbursement RevenueRecognitionFromTenantReimbursement	2050371	USD
CY2021Q1	cik0001645873	Revenue Recognition From Tenant Reimbursement RevenueRecognitionFromTenantReimbursement	1625394	USD
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2441970	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2021	cik0001645873	Restricted Cash Released During Period RestrictedCashReleasedDuringPeriod	170508	USD
CY2022Q1	cik0001645873	Number Of Loans Repaid NumberOfLoansRepaid	4	loan
CY2022Q1	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, statement of operations and statement of cash flows accounts have been reclassified to conform with the current year presentation. The reclassification did not affect net loss in the prior year unaudited condensed consolidated statement of operations.</span></div>
CY2022Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	36	property
CY2022Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	14	state
CY2022Q1	cik0001645873	Land Building And Improvements LandBuildingAndImprovements	385853059	USD
CY2022Q1	us-gaap	Tenant Improvements TenantImprovements	21847712	USD
CY2022Q1	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	USD
CY2022Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	40911625	USD
CY2022Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	371218146	USD
CY2022Q1	us-gaap	Lessor Operating Lease Renewal Term LessorOperatingLeaseRenewalTerm	P3Y8M12D
CY2022Q1	cik0001645873	Lessor Operating Lease Renewal Term Increase In Rents Percent LessorOperatingLeaseRenewalTermIncreaseInRentsPercent	0.019
CY2022Q1	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	4	property
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	21569436	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	29146980	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	27771319	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	26219029	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	20053392	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	17805465	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	169752697	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	312318318	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P9Y7M6D
CY2022Q1	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	4	property
CY2021Q1	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	1	property
CY2022Q1	us-gaap	Goodwill Gross GoodwillGross	17320857	USD
CY2021Q4	us-gaap	Goodwill Gross GoodwillGross	17320857	USD
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	17320857	USD
CY2021Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2022Q1	us-gaap	Goodwill Goodwill	0	USD
CY2021Q4	us-gaap	Goodwill Goodwill	17320857	USD
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	17320857	USD
CY2022Q1	cik0001645873	Straight Line Rents StraightLineRents	5054459	USD
CY2021Q4	cik0001645873	Straight Line Rents StraightLineRents	4417065	USD
CY2022Q1	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	770439	USD
CY2021Q4	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	81079	USD
CY2022Q1	cik0001645873	Tenant Recoveries TenantRecoveries	1395115	USD
CY2021Q4	cik0001645873	Tenant Recoveries TenantRecoveries	1498775	USD
CY2022Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	7220013	USD
CY2021Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	5996919	USD
CY2022Q1	cik0001645873	Deferred Tenant Allowance DeferredTenantAllowance	2431838	USD
CY2021Q4	cik0001645873	Deferred Tenant Allowance DeferredTenantAllowance	2400811	USD
CY2022Q1	us-gaap	Other Receivables OtherReceivables	702413	USD
CY2021Q4	us-gaap	Other Receivables OtherReceivables	681369	USD
CY2022Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1882584	USD
CY2021Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1253751	USD
CY2022Q1	us-gaap	Earnest Money Deposits EarnestMoneyDeposits	1920319	USD
CY2021Q4	us-gaap	Earnest Money Deposits EarnestMoneyDeposits	1420244	USD
CY2022Q1	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	872527	USD
CY2021Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	100080	USD
CY2022Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	7809681	USD
CY2021Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	5856255	USD
CY2022Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1249435	USD
CY2021Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1767657	USD
CY2022Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	3098281	USD
CY2021Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	3864222	USD
CY2022Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1776598	USD
CY2021Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1795303	USD
CY2022Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	392645	USD
CY2021Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	548564	USD
CY2022Q1	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	2032879	USD
CY2021Q4	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	1735440	USD
CY2022Q1	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	233695	USD
CY2021Q4	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	2133695	USD
CY2022Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	8783533	USD
CY2021Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	11844881	USD
CY2022Q1	cik0001645873	Loans To Assets Ratio LoansToAssetsRatio	0.60
CY2022Q1	cik0001645873	Carrying Value Of Mortgage Loan CarryingValueOfMortgageLoan	44711910	USD
CY2022Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	42371389	USD
CY2021Q4	cik0001645873	Carrying Value Of Mortgage Loan CarryingValueOfMortgageLoan	152223579	USD
CY2021Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	159241815	USD
CY2021Q4	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	4	property
CY2022Q1	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	0	property
CY2022Q1	cik0001645873	Debt Instrument Covenant Leverage Ratio Target DebtInstrumentCovenantLeverageRatioTarget	0.40
CY2022Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	8022000	USD
CY2021Q4	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	4	property
CY2021Q4	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	4	property
CY2022Q1	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	80800000	USD
CY2022Q1	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	872527	USD
CY2021Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	100079	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	225622	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	317575	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	12991023	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	USD
CY2021Q4	cik0001645873	Tenant Reimbursement TenantReimbursement	189136	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	20775000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	100000000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	31200000	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	165509220	USD
CY2022Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-198093	USD
CY2022Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	2646903	USD
CY2022Q1	us-gaap	Long Term Debt LongTermDebt	163060410	USD
CY2022Q1	us-gaap	Interest Expense Other InterestExpenseOther	57312	USD
CY2021Q1	us-gaap	Interest Expense Other InterestExpenseOther	39936	USD
CY2022Q1	us-gaap	Interest Expense InterestExpense	1568175	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	1781136	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	427119	USD
CY2021Q4	cik0001645873	Liabilities Accrued Interest Payable Receivable LiabilitiesAccruedInterestPayableReceivable	56114	USD
CY2022Q1	cik0001645873	Tenant Reimbursement TenantReimbursement	128538	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	427119	USD
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	788016	USD
CY2021Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	2000000	shares
CY2022Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	2000000	shares
CY2022Q1	us-gaap	Management Fee Expense ManagementFeeExpense	65993	USD
CY2019Q4	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	30.48
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-12073164	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-903648	USD
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1928029	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	USD
CY2021Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-11067010	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-11067010	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-903648	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-903648	USD
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7533158	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7533158	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7706621	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7706621	shares
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.47
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.47
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1347958	shares
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1219964	shares
CY2022Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.15
CY2022Q1	cik0001645873	Dividends Payable Amount Per Share Per Month DividendsPayableAmountPerSharePerMonth	0.09583

Files In Submission

Name	View Source	Status
0001645873-22-000142-index-headers.html	Edgar Link	pending
0001645873-22-000142-index.html	Edgar Link	pending
0001645873-22-000142.txt	Edgar Link	pending
0001645873-22-000142-xbrl.zip	Edgar Link	pending
cik0001645873-20220331.htm	Edgar Link	pending
cik0001645873-20220331.xsd	Edgar Link	pending
cik0001645873-20220331_cal.xml	Edgar Link	unprocessable
cik0001645873-20220331_def.xml	Edgar Link	unprocessable
cik0001645873-20220331_htm.xml	Edgar Link	completed
cik0001645873-20220331_lab.xml	Edgar Link	unprocessable
cik0001645873-20220331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
modivreit-20220331xex311.htm	Edgar Link	pending
modivreit-20220331xex312.htm	Edgar Link	pending
modivreit-20220331xex321.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

2022 Q1 Form 10-Q Financial Statement

#000164587322000142 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV MODIV INDUSTRIAL, INC. Stock $mdv

2022 Q1 Form 10-Q Financial Statement

#000164587322000142 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV
MODIV INDUSTRIAL, INC. Stock $mdv