$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

$mdv Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000164587323000103 Filed on May 16, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$11.84M	$10.31M
YoY Change	13.88%	6.87%
Cost Of Revenue	$1.528M	$1.707M
YoY Change	-22.28%	-38.26%
Gross Profit	$10.31M	$8.604M
YoY Change	22.31%	24.99%
Gross Profit Margin	87.09%	83.45%
Selling, General & Admin	$2.258M	$2.568M
YoY Change	-1.61%	-1.9%
% of Gross Profit	21.9%	29.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.956M	$3.272M
YoY Change	7.43%	-0.86%
% of Gross Profit	38.38%	38.03%
Operating Expenses	$6.214M	$6.129M
YoY Change	2.25%	2.56%
Operating Profit	$4.094M	-$4.754M
YoY Change	81.52%	-54.82%
Interest Expense	-$179.9K	$4.019M
YoY Change	-115.03%	156.27%
% of Operating Profit	-4.39%
Other Income/Expense, Net	$535.5K	$175.3K
YoY Change	297.36%	-111.3%
Pretax Income	$4.630M	-$4.579M
YoY Change	93.69%	-62.07%
Income Tax
% Of Pretax Income
Net Earnings	$3.980M	-$3.763M
YoY Change	83.33%	-62.91%
Net Earnings / Revenue	33.63%	-36.49%
Basic Earnings Per Share	$0.41	-$0.62
Diluted Earnings Per Share	$0.35	-$0.62
COMMON SHARES
Basic Shares Outstanding	7.554M shares	7.546M shares
Diluted Shares Outstanding	10.64M shares	7.532M shares

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$9.912M	$13.28M
YoY Change	-15.32%	-47.6%
Cash & Equivalents	$9.912M	$13.28M
Short-Term Investments
Other Short-Term Assets	$5.431M	$5.905M
YoY Change	-19.75%	-24.39%
Inventory
Prepaid Expenses	$5.431M	$5.905M
Receivables	$9.469M	$8.654M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$24.81M	$27.84M
YoY Change	-11.32%	-33.74%
LONG-TERM ASSETS
Property, Plant & Equipment	$458.1M	$416.4M
YoY Change	9.83%	12.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$10.01M	$9.997M
YoY Change	0.55%	0.56%
Other Assets	$49.51M	$5.272M
YoY Change
Total Long-Term Assets	$524.6M	$437.0M
YoY Change	22.48%	14.45%
TOTAL ASSETS
Total Short-Term Assets	$24.81M	$27.84M
Total Long-Term Assets	$524.6M	$437.0M
Total Assets	$549.4M	$464.8M
YoY Change	20.41%	9.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$470.3K	$562.2K
YoY Change	-60.64%	-55.0%
Accrued Expenses	$4.198M	$4.453M
YoY Change	-25.61%	-19.39%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.016M	$7.339M
YoY Change	-19.67%	-16.45%
LONG-TERM LIABILITIES
Long-Term Debt	$292.5M	$212.5M
YoY Change	46.08%	29.34%
Other Long-Term Liabilities	$9.794M	$11.10M
YoY Change	-3.75%	3.39%
Total Long-Term Liabilities	$302.3M	$223.6M
YoY Change	43.67%	27.75%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.016M	$7.339M
Total Long-Term Liabilities	$302.3M	$223.6M
Total Liabilities	$309.3M	$230.9M
YoY Change	41.15%	25.64%
SHAREHOLDERS EQUITY
Retained Earnings	-$123.9M	-$124.8M
YoY Change	6.36%	7.95%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$154.7M	$153.9M
YoY Change
Total Liabilities & Shareholders Equity	$549.4M	$464.8M
YoY Change	20.41%	9.67%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	$3.980M	-$3.763M
YoY Change	83.33%	-62.91%
Depreciation, Depletion And Amortization	$3.956M	$3.272M
YoY Change	7.43%	-0.86%
Cash From Operating Activities	$4.504M	$2.785M
YoY Change	-26.88%	-357.07%
INVESTING ACTIVITIES
Capital Expenditures	$81.96M	$12.22M
YoY Change	46.95%	-73.12%
Acquisitions
YoY Change
Other Investing Activities	-$1.800M	$101.4K
YoY Change	-128.99%	-99.72%
Cash From Investing Activities	-$83.76M	-$12.12M
YoY Change	68.99%	36.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	75.88M	$14.01M
YoY Change	154.95%	-160.58%
NET CHANGE
Cash From Operating Activities	4.504M	$2.785M
Cash From Investing Activities	-83.76M	-$12.12M
Cash From Financing Activities	75.88M	$14.01M
Net Change In Cash	-3.368M	$4.671M
YoY Change	-75.31%	-114.13%
FREE CASH FLOW
Cash From Operating Activities	$4.504M	$2.785M
Capital Expenditures	$81.96M	$12.22M
Free Cash Flow	-$77.45M	-$9.437M
YoY Change	56.11%	-79.73%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001645873
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-40814
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	MODIV INC.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-4156046
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	200 S. Virginia Street, Suite 800
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Reno
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89501
CY2023Q1	dei	City Area Code CityAreaCode	888
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	686-6348
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7553709	shares
CY2023Q1	us-gaap	Land Land	103919101	usd
CY2022Q4	us-gaap	Land Land	103657237	usd
CY2023Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	338027128	usd
CY2022Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	329867099	usd
CY2023Q1	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	usd
CY2022Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	usd
CY2023Q1	us-gaap	Tenant Improvements TenantImprovements	20085465	usd
CY2022Q4	us-gaap	Tenant Improvements TenantImprovements	19499749	usd
CY2023Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	466460694	usd
CY2022Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	457453085	usd
CY2023Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	50024383	usd
CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	46752322	usd
CY2023Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	416436311	usd
CY2022Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	410700763	usd
CY2023Q1	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	9997292	usd
CY2022Q4	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	10007420	usd
CY2023Q1	us-gaap	Real Estate Investments RealEstateInvestments	426433603	usd
CY2022Q4	us-gaap	Real Estate Investments RealEstateInvestments	420708183	usd
CY2023Q1	cik0001645873	Disposal Group Including Discontinued Operation Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet	5255725	usd
CY2022Q4	cik0001645873	Disposal Group Including Discontinued Operation Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet	5255725	usd
CY2023Q1	cik0001645873	Real Estate Investments Net Including Disposal Group RealEstateInvestmentsNetIncludingDisposalGroup	431689328	usd
CY2022Q4	cik0001645873	Real Estate Investments Net Including Disposal Group RealEstateInvestmentsNetIncludingDisposalGroup	425963908	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13280104	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8608649	usd
CY2023Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	8653550	usd
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	7263202	usd
CY2023Q1	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	1808483	usd
CY2022Q4	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	1850756	usd
CY2023Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5904737	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6100937	usd
CY2023Q1	us-gaap	Derivative Assets DerivativeAssets	3485684	usd
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	4629702	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Other Assets DisposalGroupIncludingDiscontinuedOperationOtherAssets	15939	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Assets DisposalGroupIncludingDiscontinuedOperationOtherAssets	12765	usd
CY2023Q1	us-gaap	Assets Assets	464837825	usd
CY2022Q4	us-gaap	Assets Assets	454429919	usd
CY2023Q1	us-gaap	Secured Debt SecuredDebt	44338481	usd
CY2022Q4	us-gaap	Secured Debt SecuredDebt	44435556	usd
CY2023Q1	us-gaap	Unsecured Debt UnsecuredDebt	0	usd
CY2022Q4	us-gaap	Unsecured Debt UnsecuredDebt	3000000	usd
CY2023Q1	us-gaap	Medium Term Notes MediumTermNotes	168140752	usd
CY2022Q4	us-gaap	Medium Term Notes MediumTermNotes	148018164	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7338674	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7649806	usd
CY2023Q1	cik0001645873	Below Market Lease Intangibles Net BelowMarketLeaseIntangiblesNet	9724717	usd
CY2022Q4	cik0001645873	Below Market Lease Intangibles Net BelowMarketLeaseIntangiblesNet	9675686	usd
CY2023Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	1327342	usd
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	498866	usd
CY2023Q1	us-gaap	Disposal Group Including Discontinued Operation Other Liabilities DisposalGroupIncludingDiscontinuedOperationOtherLiabilities	51918	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Liabilities DisposalGroupIncludingDiscontinuedOperationOtherLiabilities	117881	usd
CY2023Q1	us-gaap	Liabilities Liabilities	230921884	usd
CY2022Q4	us-gaap	Liabilities Liabilities	213395959	usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	279565984	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	278339020	usd
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	254618	shares
CY2022Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	250153	shares
CY2023Q1	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	4211300	usd
CY2022Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	4161618	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-124790431	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-117938876	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	3289446	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	3502616	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	153863522	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	159750904	usd
CY2023Q1	us-gaap	Minority Interest MinorityInterest	80052419	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	81283056	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	233915941	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	241033960	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	464837825	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	454429919	usd
CY2023Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	10311182	usd
CY2022Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	9569613	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1908055	usd
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2106183	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	660169	usd
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	511865	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3272061	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3300492	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	4018792	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	1568175	usd
CY2023Q1	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	1706843	usd
CY2022Q1	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	2159865	usd
CY2023Q1	cik0001645873	Impairment Reversal Of Real Estate ImpairmentReversalOfRealEstate	3499438	usd
CY2022Q1	cik0001645873	Impairment Reversal Of Real Estate ImpairmentReversalOfRealEstate	0	usd
CY2023Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	17320857	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	15065358	usd
CY2022Q1	us-gaap	Costs And Expenses CostsAndExpenses	26967437	usd
CY2023Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2022Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	6875086	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-4754176	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-10522738	usd
CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	53695	usd
CY2022Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	13435	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	55567	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	95464	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
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CY2022Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	65993	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	175255	usd
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1550426	usd
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CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-3762722	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-10145136	usd
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CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4684597	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-11067011	usd
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.62
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CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.47
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CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7532452	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7532452	shares
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
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2875
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.3875
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CY2022Q1	us-gaap	Profit Loss ProfitLoss	-12073164	usd
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CY2022Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	0	usd
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CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-12073164	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-816199	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1928028	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	37141	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	0	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-779058	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1928028	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3549552	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-10145136	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	241033960	usd
CY2023Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	566856	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	82500	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	577669	usd
CY2023Q1	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	49682	usd
CY2023Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	921875	usd
CY2023Q1	us-gaap	Dividends Dividends	2166958	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4578921	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	250311	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	233915941	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	222429892	usd
CY2022Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1492404	usd
CY2022Q1	cik0001645873	Shares Issued During Period Value Listed Offering SharesIssuedDuringPeriodValueListedOffering	114500	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	82500	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	429365	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	189412	usd
CY2022Q1	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	852721	usd
CY2022Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	921875	usd
CY2022Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	3158661	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-12073164	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	240036608	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4578921	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-12073164	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3272061	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3300492	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	660169	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	511865	usd
CY2023Q1	us-gaap	Straight Line Rent StraightLineRent	1175359	usd
CY2022Q1	us-gaap	Straight Line Rent StraightLineRent	110505	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	88570	usd
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	71394	usd
CY2023Q1	cik0001645873	Amortization And Write Off Of Debt Issuance Costs And Discounts AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts	195212	usd
CY2022Q1	cik0001645873	Amortization And Write Off Of Debt Issuance Costs And Discounts AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts	1266726	usd
CY2023Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	196283	usd
CY2022Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	330618	usd
CY2023Q1	cik0001645873	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	3499438	usd
CY2022Q1	cik0001645873	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	0	usd
CY2023Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	17320857	usd
CY2023Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2022Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	6875086	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-1722184	usd
CY2022Q1	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	0	usd
CY2023Q1	cik0001645873	Write Off Of Unrealized Gain Loss On Derivatives WriteOffOfUnrealizedGainLossOnDerivatives	0	usd
CY2022Q1	cik0001645873	Write Off Of Unrealized Gain Loss On Derivatives WriteOffOfUnrealizedGainLossOnDerivatives	-788016	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	55567	usd
CY2022Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	95464	usd
CY2023Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	65696	usd
CY2022Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	95367	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	220251	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	634127	usd
CY2023Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	122884	usd
CY2022Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	618439	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-369196	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2124592	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2784869	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1083310	usd
CY2023Q1	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	11913361	usd
CY2022Q1	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	44714508	usd
CY2023Q1	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	308547	usd
CY2022Q1	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	749481	usd
CY2023Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	usd
CY2022Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	195000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	38911538	usd
CY2023Q1	cik0001645873	Payments For Purchase Deposit PaymentsForPurchaseDeposit	-112200	usd
CY2022Q1	cik0001645873	Payments For Purchase Deposit PaymentsForPurchaseDeposit	500000	usd
CY2023Q1	cik0001645873	Payments To Acquire Lease Incentives PaymentsToAcquireLeaseIncentives	10815	usd
CY2022Q1	cik0001645873	Payments To Acquire Lease Incentives PaymentsToAcquireLeaseIncentives	2000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12120523	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8857451	usd
CY2023Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	20000000	usd
CY2022Q1	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	100000000	usd
CY2023Q1	cik0001645873	Proceeds From Repayments Of Secured Lines Of Credit ProceedsFromRepaymentsOfSecuredLinesOfCredit	-3000000	usd
CY2022Q1	cik0001645873	Proceeds From Repayments Of Secured Lines Of Credit ProceedsFromRepaymentsOfSecuredLinesOfCredit	20775000	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
CY2022Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	8022000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	78027	usd
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	130277534	usd
CY2023Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2186468	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	114500	usd
CY2023Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	usd
CY2022Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	189412	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	49682	usd
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	852721	usd
CY2023Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	921875	usd
CY2022Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1065278	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	14007109	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-23122696	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	4671455	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-33063457	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8608649	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	58407520	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13280104	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	25344063	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	1946005	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	1477384	usd
CY2023Q1	us-gaap	Stock Issued1 StockIssued1	0	usd
CY2022Q1	us-gaap	Stock Issued1 StockIssued1	32809550	usd
CY2023Q1	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	595585	usd
CY2022Q1	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1492404	usd
CY2023Q1	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	0	usd
CY2022Q1	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	612403	usd
CY2023Q1	cik0001645873	Transfer Of Tenant Improvements From Other Assets To Real Estate Investments TransferOfTenantImprovementsFromOtherAssetsToRealEstateInvestments	0	usd
CY2023Q1	us-gaap	Tenant Improvements TenantImprovements	20085465	usd
CY2023Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	50024383	usd
CY2022Q1	cik0001645873	Transfer Of Tenant Improvements From Other Assets To Real Estate Investments TransferOfTenantImprovementsFromOtherAssetsToRealEstateInvestments	73323	usd
CY2023Q1	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	0	usd
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	100000	usd
CY2023Q1	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	5363	usd
CY2022Q1	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	124698	usd
CY2023Q1	us-gaap	Contribution Of Property ContributionOfProperty	0	usd
CY2022Q1	us-gaap	Contribution Of Property ContributionOfProperty	31510762	usd
CY2023Q1	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	3174	usd
CY2022Q1	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	788296	usd
CY2023Q1	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	0	usd
CY2022Q1	us-gaap	Mortgage Loan Related To Property Sales1 MortgageLoanRelatedToPropertySales1	21699912	usd
CY2023Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	65963	usd
CY2022Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	383282	usd
CY2023Q1	cik0001645873	Authority To Issue Of Common Stock AuthorityToIssueOfCommonStock	450000000	shares
CY2023Q1	cik0001645873	Number Of Rentable Square Feet NumberOfRentableSquareFeet	3400000	sqft
CY2023Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	48	property
CY2023Q1	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>
CY2023Q1	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%">Immaterial Error Corrections</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%">During the first quarter of 2023 with the transition to a new independent registered public accounting firm, management determined that its prior treatment of property taxes in those instances where the Company was responsible for paying property taxes and subsequently seeking tenant reimbursement should be treated differently than those instances where property taxes were paid directly by tenants to taxing authorities. After a thorough review, management determined that property taxes paid directly by tenants to taxing authorities should have not been recorded in the Company’s unaudited condensed consolidated statement of operations for the first quarter of 2022 in accordance with ASU 2018-20 “Leases (Topic 842) - Narrow-Scope Improvements for Lessors.” Accordingly, the Company’s unaudited condensed consolidated statement of operations for the first quarter of 2022 reflects an adjustment to reduce rental income and a corresponding reduction in property expenses of $604,727 for such property taxes and the Company's consolidated balance sheet as of December 31, 2022 reflects a reduction in tenant receivables with a corresponding reduction in accounts payable, accrued and other liabilities of $1,596,127. The corrections did not affect net loss or net loss per share of the first quarter of 2022 unaudited condensed consolidated statement of operations.</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%">During the fourth quarter of 2022, management determined that straight-line rents receivable write-offs associated with real estate investments previously sold should be reclassified as a component of the related gain on sale of the real estate investments rather than as an offset to rental income as previously presented in the Company's statements of operations. Accordingly, the Company’s unaudited condensed consolidated statement of operations for the first quarter of 2022 reflects an increase in rental income and a corresponding reduction in the gain on sale of real estate investments of $525,691. The reclassification did not affect net loss or net loss per share of the first quarter of 2022 unaudited condensed consolidated statement of operations.</span></div>
CY2023Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	48	property
CY2023Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	17	state
CY2023Q1	cik0001645873	Land Building And Improvements LandBuildingAndImprovements	441946229	usd
CY2023Q1	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	usd
CY2023Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	416436311	usd
CY2023Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	-3499438	usd
CY2023Q1	cik0001645873	Number Of Real Estate Properties Acquired NumberOfRealEstatePropertiesAcquired	2	property
CY2023Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	24711192	usd
CY2023Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	33286621	usd
CY2023Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	32081095	usd
CY2023Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	28487549	usd
CY2023Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	26908539	usd
CY2023Q1	cik0001645873	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	345488929	usd
CY2023Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	490963925	usd
CY2023Q1	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P10Y4M24D
CY2023Q1	cik0001645873	Straight Line Rents StraightLineRents	7785240	usd
CY2022Q4	cik0001645873	Straight Line Rents StraightLineRents	6607220	usd
CY2023Q1	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	403806	usd
CY2022Q4	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	196477	usd
CY2023Q1	cik0001645873	Tenant Recoveries TenantRecoveries	464504	usd
CY2022Q4	cik0001645873	Tenant Recoveries TenantRecoveries	459505	usd
CY2023Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	8653550	usd
CY2022Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	7263202	usd
CY2023Q1	cik0001645873	Deferred Tenant Allowance DeferredTenantAllowance	2476235	usd
CY2022Q4	cik0001645873	Deferred Tenant Allowance DeferredTenantAllowance	2564806	usd
CY2023Q1	us-gaap	Other Receivables OtherReceivables	71360	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	170293	usd
CY2023Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1659099	usd
CY2022Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1364946	usd
CY2023Q1	us-gaap	Earnest Money Deposits EarnestMoneyDeposits	674362	usd
CY2022Q4	us-gaap	Earnest Money Deposits EarnestMoneyDeposits	885538	usd
CY2023Q1	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	1023681	usd
CY2022Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	1115354	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	5904737	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	6100937	usd
CY2023Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	562211	usd
CY2022Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1001411	usd
CY2023Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2421351	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2163821	usd
CY2023Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1773431	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1768068	usd
CY2023Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	348287	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	285392	usd
CY2023Q1	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	1683152	usd
CY2022Q4	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	1870057	usd
CY2023Q1	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	550242	usd
CY2022Q4	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	561057	usd
CY2023Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7338674	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7649806	usd
CY2023Q1	us-gaap	Secured Debt SecuredDebt	44338481	usd
CY2022Q4	us-gaap	Secured Debt SecuredDebt	44435556	usd
CY2023Q1	us-gaap	Unsecured Debt UnsecuredDebt	0	usd
CY2022Q4	us-gaap	Unsecured Debt UnsecuredDebt	3000000	usd
CY2023Q1	us-gaap	Medium Term Notes MediumTermNotes	168140752	usd
CY2022Q4	us-gaap	Medium Term Notes MediumTermNotes	148018164	usd
CY2023Q1	us-gaap	Long Term Debt LongTermDebt	212479233	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	195453720	usd
CY2023Q1	cik0001645873	Debt Instrument Covenant Leverage Ratio Target DebtInstrumentCovenantLeverageRatioTarget	0.40
CY2023Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	239292	usd
CY2023Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	13267307	usd
CY2023Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	543886	usd
CY2023Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	568369	usd
CY2023Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	170593972	usd
CY2023Q1	cik0001645873	Long Term Debt Maturity After Year Four LongTermDebtMaturityAfterYearFour	29224157	usd
CY2023Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	214436983	usd
CY2023Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-92962	usd
CY2023Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	2050712	usd
CY2023Q1	us-gaap	Long Term Debt LongTermDebt	212479233	usd
CY2023Q1	us-gaap	Interest Expense Other InterestExpenseOther	102088	usd
CY2022Q1	us-gaap	Interest Expense Other InterestExpenseOther	57312	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	4018792	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	1568175	usd
CY2023Q1	cik0001645873	Debt Instrument Covenant Leverage Ratio Target DebtInstrumentCovenantLeverageRatioTarget	0.40
CY2023Q1	us-gaap	Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1 ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1	1144018	usd
CY2021Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q1	us-gaap	Management Fee Expense ManagementFeeExpense	65993	usd
CY2023Q1	us-gaap	Management Fee Expense ManagementFeeExpense	65993	usd
CY2023Q1	cik0001645873	Tenant Reimbursement TenantReimbursement	1776652	usd
CY2022Q4	cik0001645873	Tenant Reimbursement TenantReimbursement	1789027	usd
CY2019Q4	cik0001645873	Anniversary Of Completion Of The Self Management Transaction AnniversaryOfCompletionOfTheSelfManagementTransaction	P1Y
CY2023Q1	cik0001645873	Anniversary Of Completion Of The Self Management Transaction AnniversaryOfCompletionOfTheSelfManagementTransaction	P4Y
CY2019Q4	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	30.48
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	660169	usd
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	511865	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4578921	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-12073164	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-816199	usd
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1928028	usd
CY2023Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4684597	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-11067011	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-4578921	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-12073164	usd
CY2023Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-5500796	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-12995039	usd
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7532452	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7532452	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7533158	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7533158	shares
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.62
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.62
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.47
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.47
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2818689	shares
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2660340	shares
CY2022Q4	cik0001645873	Dividends Payable Amount Per Share Per Month DividendsPayableAmountPerSharePerMonth	0.09583
CY2023Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.15
CY2023Q1	cik0001645873	Dividends Payable Amount Per Share Per Month DividendsPayableAmountPerSharePerMonth	0.095833
CY2023Q1	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.15

Files In Submission

Name	View Source	Status
0001645873-23-000103-index-headers.html	Edgar Link	pending
0001645873-23-000103-index.html	Edgar Link	pending
0001645873-23-000103.txt	Edgar Link	pending
0001645873-23-000103-xbrl.zip	Edgar Link	pending
cik0001645873-20230331.htm	Edgar Link	pending
cik0001645873-20230331.xsd	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
modivreit-20230331xex311.htm	Edgar Link	pending
modivreit-20230331xex312.htm	Edgar Link	pending
modivreit-20230331xex321.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
cik0001645873-20230331_cal.xml	Edgar Link	unprocessable
cik0001645873-20230331_def.xml	Edgar Link	unprocessable
cik0001645873-20230331_pre.xml	Edgar Link	unprocessable
cik0001645873-20230331_lab.xml	Edgar Link	unprocessable
cik0001645873-20230331_htm.xml	Edgar Link	completed
R13.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

2023 Q2 Form 10-Q Financial Statement

#000164587323000103 Filed on May 16, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV MODIV INDUSTRIAL, INC. Stock $mdv

2023 Q2 Form 10-Q Financial Statement

#000164587323000103 Filed on May 16, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV
MODIV INDUSTRIAL, INC. Stock $mdv