$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

$mdv Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000164587324000030 Filed on March 07, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$11.97M	$12.29M	$46.94M
YoY Change	16.05%	-22.81%	1.65%
Cost Of Revenue	$984.0K	$731.1K	$5.161M
YoY Change	-42.35%	-65.27%	-42.01%
Gross Profit	$10.98M	$11.56M	$41.78M
YoY Change	27.64%	-16.33%	12.08%
Gross Profit Margin	91.78%	94.05%	89.0%
Selling, General & Admin	$3.378M	$2.783M	$17.81M
YoY Change	31.53%	-4.44%	74.43%
% of Gross Profit	30.76%	24.08%	42.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.133M	$4.148M	$15.55M
YoY Change	26.33%	-4.61%	4.16%
% of Gross Profit	37.64%	35.89%	37.23%
Operating Expenses	$7.511M	$6.931M	$33.37M
YoY Change	22.56%	-4.73%	31.52%
Operating Profit	$6.659M	$4.627M	$2.314M
YoY Change	-240.07%	-29.24%	-172.76%
Interest Expense	$2.307M	-$5.571M	$13.81M
YoY Change	-42.59%	102.19%	70.31%
% of Operating Profit	34.65%	-120.42%	596.72%
Other Income/Expense, Net	-$2.022M	-$9.210K	-$11.01M
YoY Change	-1253.55%	-91.16%	726.93%
Pretax Income	$4.637M	-$1.842M	-$8.696M
YoY Change	-201.28%	-355.58%	92.77%
Income Tax
% Of Pretax Income
Net Earnings	$3.724M	-$2.217M	-$6.614M
YoY Change	-198.98%	1297.57%	101.12%
Net Earnings / Revenue	31.12%	-18.04%	-14.09%
Basic Earnings Per Share	$0.33		-$1.36
Diluted Earnings Per Share	$0.33	-$0.29	-$1.36
COMMON SHARES
Basic Shares Outstanding	9.173M shares	7.590M shares	7.559M shares
Diluted Shares Outstanding	11.36M shares		7.559M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$18.40M	$3.129M	$3.129M
YoY Change	38.59%	-63.65%	-63.65%
Cash & Equivalents	$18.40M	$3.129M	$3.129M
Short-Term Investments
Other Short-Term Assets	$5.121M	$4.173M	$4.173M
YoY Change	-13.27%	-31.6%	-31.6%
Inventory
Prepaid Expenses	$5.121M	$4.173M
Receivables	$14.56M	$12.79M	$12.79M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$38.08M	$20.10M	$20.10M
YoY Change	36.8%	-14.73%	-14.73%
LONG-TERM ASSETS
Property, Plant & Equipment	$469.7M	$473.8M	$473.8M
YoY Change	12.8%	15.35%	15.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.823M	$21.09M	$21.09M
YoY Change	-1.74%	110.77%	110.77%
Other Assets	$0.00	$11.66M	$11.66M
YoY Change	-100.0%	121.34%	121.34%
Total Long-Term Assets	$484.4M	$510.8M	$510.8M
YoY Change	10.84%	18.12%	18.12%
TOTAL ASSETS
Total Short-Term Assets	$38.08M	$20.10M	$20.10M
Total Long-Term Assets	$484.4M	$510.8M	$510.8M
Total Assets	$522.5M	$530.9M	$530.9M
YoY Change	12.4%	16.42%	16.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.048M	$562.7K	$562.7K
YoY Change	86.46%	-43.81%	-43.81%
Accrued Expenses	$2.641M	$3.720M	$3.720M
YoY Change	-40.68%	-37.11%	-37.11%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.867M	$16.64M	$16.64M
YoY Change	-20.06%	80.02%	80.02%
LONG-TERM LIABILITIES
Long-Term Debt	$279.6M	$279.5M	$279.5M
YoY Change	31.6%	43.02%	43.02%
Other Long-Term Liabilities	$8.639M	$9.591M	$9.591M
YoY Change	-22.2%	-6.82%	-6.82%
Total Long-Term Liabilities	$288.3M	$289.1M	$289.1M
YoY Change	28.93%	40.53%	40.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.867M	$16.64M	$16.64M
Total Long-Term Liabilities	$288.3M	$289.1M	$289.1M
Total Liabilities	$294.1M	$305.8M	$386.5M
YoY Change	27.37%	42.23%	30.44%
SHAREHOLDERS EQUITY
Retained Earnings	-$145.3M	-$145.6M
YoY Change	16.47%	23.41%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$188.0M	$144.4M	$144.4M
YoY Change
Total Liabilities & Shareholders Equity	$522.5M	$530.9M	$530.9M
YoY Change	12.4%	16.42%	16.42%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$3.724M	-$2.217M	-$6.614M
YoY Change	-198.98%	1297.57%	101.12%
Depreciation, Depletion And Amortization	$4.133M	$4.148M	$15.55M
YoY Change	26.33%	-4.61%	4.16%
Cash From Operating Activities	$2.987M	$5.368M	$16.58M
YoY Change	7.26%	-26.69%	-0.42%
INVESTING ACTIVITIES
Capital Expenditures	$101.1K	$3.005M	$127.5M
YoY Change	-99.17%	503.19%	-3.02%
Acquisitions
YoY Change
Other Investing Activities	$14.78M	$398.9K	$33.93M
YoY Change	14479.97%	-90.94%	-51.83%
Cash From Investing Activities	$14.68M	-$2.606M	-$93.60M
YoY Change	-221.13%	-166.72%	53.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$297.1K
YoY Change			-92.66%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$2.393M	-5.274M	$71.54M
YoY Change	-117.08%	-36.81%	-1428.72%
NET CHANGE
Cash From Operating Activities	$2.987M	5.368M	$16.58M
Cash From Investing Activities	$14.68M	-2.606M	-$93.60M
Cash From Financing Activities	-$2.393M	-5.274M	$71.54M
Net Change In Cash	$15.28M	-2.512M	-$5.479M
YoY Change	227.0%	-187.18%	-89.0%
FREE CASH FLOW
Cash From Operating Activities	$2.987M	$5.368M	$16.58M
Capital Expenditures	$101.1K	$3.005M	$127.5M
Free Cash Flow	$2.886M	$2.363M	-$110.9M
YoY Change	-130.58%	-65.37%	-3.4%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	2313787	usd
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001645873
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-40814
CY2023	dei	Entity Registrant Name EntityRegistrantName	MODIV INDUSTRIAL, INC.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-4156046
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	200 S. Virginia Street
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Reno
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89501
CY2023	dei	City Area Code CityAreaCode	(888)
CY2023	dei	Local Phone Number LocalPhoneNumber	686-6348
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	true
CY2023	dei	Document Fin Stmt Restatement Recovery Analysis Flag DocumentFinStmtRestatementRecoveryAnalysisFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	104304239	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	9172755	shares
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023	dei	Auditor Firm AuditorFirmId	248
CY2022	dei	Auditor Firm AuditorFirmId	23
CY2023	dei	Auditor Name AuditorName	GRANT THORNTON LLP
CY2023	dei	Auditor Location AuditorLocation	Newport Beach, California
CY2022	dei	Auditor Name AuditorName	BAKER TILLY US, LLP
CY2022	dei	Auditor Location AuditorLocation	Irvine, California
CY2023Q4	us-gaap	Land Land	104858693	usd
CY2022Q4	us-gaap	Land Land	103657237	usd
CY2023Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	399666781	usd
CY2022Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	329867099	usd
CY2023Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	usd
CY2022Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	4429000	usd
CY2023Q4	us-gaap	Tenant Improvements TenantImprovements	15707458	usd
CY2022Q4	us-gaap	Tenant Improvements TenantImprovements	19499749	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	524661932	usd
CY2022Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	457453085	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	50901612	usd
CY2022Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	46752322	usd
CY2023Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	473760320	usd
CY2022Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	410700763	usd
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CY2022Q4	none	Disposal Group Including Discontinued Operation Real Estate Investment Property Net DisposalGroupIncludingDiscontinuedOperationRealEstateInvestmentPropertyNet	5255725	usd
CY2023Q4	none	Real Estate Investments Net Including Disposal Group RealEstateInvestmentsNetIncludingDisposalGroup	495371940	usd
CY2022Q4	none	Real Estate Investments Net Including Disposal Group RealEstateInvestmentsNetIncludingDisposalGroup	425963908	usd
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CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8608649	usd
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CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	7263202	usd
CY2023Q4	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	1313959	usd
CY2022Q4	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	1850756	usd
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CY2022Q4	us-gaap	Secured Debt SecuredDebt	44435556	usd
CY2023Q4	us-gaap	Unsecured Debt UnsecuredDebt	0	usd
CY2022Q4	us-gaap	Unsecured Debt UnsecuredDebt	3000000	usd
CY2023Q4	us-gaap	Medium Term Notes MediumTermNotes	248508515	usd
CY2022Q4	us-gaap	Medium Term Notes MediumTermNotes	148018164	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	4469508	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	5881738	usd
CY2023Q4	us-gaap	Distribution Payable DistributionPayable	12174979	usd
CY2022Q4	us-gaap	Distribution Payable DistributionPayable	1768068	usd
CY2023Q4	none	Below Market Lease Intangibles Net BelowMarketLeaseIntangiblesNet	8868604	usd
CY2022Q4	none	Below Market Lease Intangibles Net BelowMarketLeaseIntangiblesNet	9675686	usd
CY2023Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	473348	usd
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	498866	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Other Liabilities DisposalGroupIncludingDiscontinuedOperationOtherLiabilities	248727	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Liabilities DisposalGroupIncludingDiscontinuedOperationOtherLiabilities	117881	usd
CY2023Q4	us-gaap	Liabilities Liabilities	305773922	usd
CY2022Q4	us-gaap	Liabilities Liabilities	213395959	usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
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CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	278339020	usd
CY2023Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	343510	shares
CY2022Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	250153	shares
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CY2022Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	4161618	usd
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CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	3502616	usd
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CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	159750904	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	80678570	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	81283056	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	225121908	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	241033960	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	530895830	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	454429919	usd
CY2023	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	46936599	usd
CY2022	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	43822032	usd
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CY2023	none	Impairment Reversal Of Real Estate ImpairmentReversalOfRealEstate	4387624	usd
CY2022	none	Impairment Reversal Of Real Estate ImpairmentReversalOfRealEstate	2080727	usd
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CY2023	us-gaap	Investment Income Interest InvestmentIncomeInterest	325888	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	21910	usd
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CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7487204	shares
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-1015151	usd
CY2022	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	4039706	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-9711412	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-471612	usd
CY2023	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-170705	usd
CY2022	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	602487	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-2253124	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-620296	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-7458288	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	148684	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	222429892	usd
CY2022	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	3490159	usd
CY2022	none	Shares Issued During Period Value Listed Offering SharesIssuedDuringPeriodValueListedOffering	114500	usd
CY2022	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	330000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2071022	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	1108221	usd
CY2022	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	4161618	usd
CY2022	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3687500	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-4511318	usd
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	4105103	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	241033960	usd
CY2023	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	2275463	usd
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	832082	usd
CY2023	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	305000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	10866207	usd
CY2023	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	1129162	usd
CY2023	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3687500	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-8696261	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1015151	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	225121908	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-8696261	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-4511318	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	15551173	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	14929574	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	11171207	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	2401022	usd
CY2023	us-gaap	Straight Line Rent StraightLineRent	6232257	usd
CY2022	us-gaap	Straight Line Rent StraightLineRent	3237482	usd
CY2023	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	153581	usd
CY2022	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	412098	usd
CY2023	none	Amortization And Write Off Of Debt Issuance Costs And Discounts AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts	766738	usd
CY2022	none	Amortization And Write Off Of Debt Issuance Costs And Discounts AmortizationAndWriteOffOfDebtIssuanceCostsAndDiscounts	1649930	usd
CY2023	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	807794	usd
CY2022	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	1005487	usd
CY2023	none	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	4387624	usd
CY2022	none	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	2080727	usd
CY2023	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	1418658	usd
CY2022	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	0	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	17320857	usd
CY2023	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-1708801	usd
CY2022	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	12196371	usd
CY2023	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-618300	usd
CY2022	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	25733	usd
CY2023	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	0	usd
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	788016	usd
CY2023	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	279549	usd
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	278002	usd
CY2023	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	231864	usd
CY2022	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	211921	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-386149	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-140133	usd
CY2023	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	59297	usd
CY2022	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-930343	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-903393	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1385375	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	16578228	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	16648821	usd
CY2023	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	122778215	usd
CY2022	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	127144030	usd
CY2023	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	4749686	usd
CY2022	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	4353938	usd
CY2023	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	usd
CY2022	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	1836767	usd
CY2023	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	34737474	usd
CY2022	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	70662287	usd
CY2023	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	811807	usd
CY2022	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	-84452	usd
CY2023	none	Reversal Payments To Acquire Lease Incentives ReversalPaymentsToAcquireLeaseIncentives	0	usd
CY2022	none	Reversal Payments To Acquire Lease Incentives ReversalPaymentsToAcquireLeaseIncentives	2148731	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-93602234	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-61063193	usd
CY2023	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	100000000	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	150000000	usd
CY2023	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	3000000	usd
CY2022	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	5022000	usd
CY2023	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	13315009	usd
CY2022	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	130496746	usd
CY2023	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2022	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	3638229	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	832082	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	114500	usd
CY2023	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	usd
CY2022	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1108221	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1129162	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4161618	usd
CY2023	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3687500	usd
CY2022	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3830903	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	71544771	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-5384499	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5479235	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-49798871	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3129414	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8608649	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	12008801	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	7768212	usd
CY2023	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	0	usd
CY2022	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	522845	usd
CY2023	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	9620000	usd
CY2022	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	usd
CY2023	us-gaap	Stock Issued1 StockIssued1	5175284	usd
CY2022	us-gaap	Stock Issued1 StockIssued1	32809550	usd
CY2023	none	Reinvested Distribution To Investment In Rich Uncles Reiti ReinvestedDistributionToInvestmentInRichUnclesREITI	2265098	usd
CY2022	none	Reinvested Distribution To Investment In Rich Uncles Reiti ReinvestedDistributionToInvestmentInRichUnclesREITI	3490159	usd
CY2023	none	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	10407035	usd
CY2022	none	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	-27235	usd
CY2023	none	Increase Decrease In Real Estate Investments Held For Sale IncreaseDecreaseInRealEstateInvestmentsHeldForSale	6301964	usd
CY2022	none	Increase Decrease In Real Estate Investments Held For Sale IncreaseDecreaseInRealEstateInvestmentsHeldForSale	-26255037	usd
CY2023	none	Assets Related To Property Sales AssetsRelatedToPropertySales	90572	usd
CY2022	none	Assets Related To Property Sales AssetsRelatedToPropertySales	-775531	usd
CY2023	none	Increase Decrease In Mortgage Notes Payable Related To Real Estate Investments Held For Sale IncreaseDecreaseInMortgageNotesPayableRelatedToRealEstateInvestmentsHeldForSale	0	usd
CY2022	none	Increase Decrease In Mortgage Notes Payable Related To Real Estate Investments Held For Sale IncreaseDecreaseInMortgageNotesPayableRelatedToRealEstateInvestmentsHeldForSale	-21699912	usd
CY2023	none	Increase Decrease In Liabilities Related To Real Estate Investments Held For Sale IncreaseDecreaseInLiabilitiesRelatedToRealEstateInvestmentsHeldForSale	-130846	usd
CY2022	none	Increase Decrease In Liabilities Related To Real Estate Investments Held For Sale IncreaseDecreaseInLiabilitiesRelatedToRealEstateInvestmentsHeldForSale	267850	usd
CY2023	none	Below Market Leases Increase Decrease BelowMarketLeasesIncreaseDecrease	0	usd
CY2022	none	Below Market Leases Increase Decrease BelowMarketLeasesIncreaseDecrease	2449	usd
CY2023Q4	none	Authority To Issue Of Stock AuthorityToIssueOfStock	450000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	none	Number Of Rentable Square Feet NumberOfRentableSquareFeet	4600000	sqft
CY2023Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	44	property
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:12pt"><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 accompanying consolidated financial statements and the related notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in such consolidated financial statements and related notes thereto. These estimates are based on historical experience and, in some cases, assumptions based on current and future market experience. Actual results could differ materially from those estimates.</span></div>
CY2023Q4	none	Other Investments Simple Agreements For Future Equity Number Of Entities OtherInvestmentsSimpleAgreementsForFutureEquityNumberOfEntities	2	entity
CY2023	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	0	usd
CY2022	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	0	usd
CY2023	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, 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. Management determined that property taxes paid directly by tenants to taxing authorities should not have been recorded in the Company’s accompanying consolidated statements of operations for the prior year periods in accordance with ASU 2018-20 “Leases (Topic 842) - Narrow-Scope Improvements for Lessors.” Accordingly, the Company’s accompanying consolidated statement of operations for the year ended December 31, 2022 reflects an adjustment to reduce rental income and a corresponding reduction in property expenses of $2,352,235 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, net loss per share or equity for the year ended December 31, 2022 in the accompanying consolidated statement of operations.</span></div><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 reclassifications did not affect net income in the prior year consolidated statement of operations.</span></div>
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	44	property
CY2023Q4	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	16	state
CY2023Q4	none	Number Of Real Estate Properties Acquired NumberOfRealEstatePropertiesAcquired	12	property
CY2023	us-gaap	Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual	8155376	usd
CY2022Q4	none	Number Of States Where Properties Are Located NumberOfStatesWherePropertiesAreLocated	10	state
CY2023	none	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	14	property
CY2023Q3	none	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2022	none	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	8	property
CY2023Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	3499438	usd
CY2023Q4	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	888186	usd
CY2023	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4387624	usd
CY2022Q4	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	2080727	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	37916541	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	37472337	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	34329475	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	33962306	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	34220325	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	514095972	usd
CY2023Q4	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	691996956	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P10Y4M24D
CY2023Q4	us-gaap	Equity Securities Fv Ni Cost EquitySecuritiesFvNiCost	12000000	usd
CY2023Q3	none	Equity Securities Fvni Adjustment To Reduce Liquidation Value To Fair Value EquitySecuritiesFVNIAdjustmentToReduceLiquidationValueToFairValue	2380000	usd
CY2023Q3	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	9620000	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	1418658	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	11038658	usd
CY2023Q3	none	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2023Q3	none	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2023Q4	none	Straight Line Rents StraightLineRents	12474137	usd
CY2022Q4	none	Straight Line Rents StraightLineRents	6607220	usd
CY2023Q4	none	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	107635	usd
CY2022Q4	none	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	196477	usd
CY2023Q4	none	Tenant Recoveries TenantRecoveries	212796	usd
CY2022Q4	none	Tenant Recoveries TenantRecoveries	459505	usd
CY2023Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	12794568	usd
CY2022Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	7263202	usd
CY2023Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1897285	usd
CY2022Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1880229	usd
CY2023Q4	none	Construction Advances ConstructionAdvances	1352355	usd
CY2022Q4	none	Construction Advances ConstructionAdvances	540548	usd
CY2023Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	748662	usd
CY2022Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	1115354	usd
CY2023Q4	none	Deferred Tenant Allowance DeferredTenantAllowance	174919	usd
CY2022Q4	none	Deferred Tenant Allowance DeferredTenantAllowance	2564806	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	4173221	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	6100937	usd
CY2023Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	562647	usd
CY2022Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	1001411	usd
CY2023Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1202115	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2163821	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	358777	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	285392	usd
CY2023Q4	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	2159281	usd
CY2022Q4	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	1870057	usd
CY2023Q4	none	Deferred Tenant Reimbursement DeferredTenantReimbursement	186688	usd
CY2022Q4	none	Deferred Tenant Reimbursement DeferredTenantReimbursement	561057	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	4469508	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	5881738	usd
CY2023Q4	us-gaap	Secured Debt SecuredDebt	31030241	usd
CY2022Q4	us-gaap	Secured Debt SecuredDebt	44435556	usd
CY2023Q4	us-gaap	Unsecured Debt UnsecuredDebt	0	usd
CY2022Q4	us-gaap	Unsecured Debt UnsecuredDebt	3000000	usd
CY2023Q4	us-gaap	Medium Term Notes MediumTermNotes	248508515	usd
CY2022Q4	us-gaap	Medium Term Notes MediumTermNotes	148018164	usd
CY2023	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	128238639	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	279538756	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	195453720	usd
CY2023Q3	us-gaap	Debt Instrument Repaid Principal DebtInstrumentRepaidPrincipal	10000000	usd
CY2023Q4	none	Debt Instrument Covenant Leverage Ratio Target DebtInstrumentCovenantLeverageRatioTarget	0.40
CY2023	none	Debt Instrument Covenant Compliance Leverage Ratio Actual DebtInstrumentCovenantComplianceLeverageRatioActual	0.48
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	269616	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	543886	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	568369	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	250593972	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	618277	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	28605880	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	281200000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1661244	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	279538756	usd
CY2023	us-gaap	Interest Expense Other InterestExpenseOther	319929	usd
CY2022	us-gaap	Interest Expense Other InterestExpenseOther	226698	usd
CY2023	us-gaap	Interest Expense InterestExpense	13806838	usd
CY2022	us-gaap	Interest Expense InterestExpense	8106658	usd
CY2023Q4	none	Debt Instrument Covenant Leverage Ratio Fixed Pay Rate Increase Percentage DebtInstrumentCovenantLeverageRatioFixedPayRateIncreasePercentage	0.50
CY2021Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q4	none	Loss Contingency Estimate Of Possible Loss Face Value Of Lien LossContingencyEstimateOfPossibleLossFaceValueOfLien	2797500	usd
CY2019Q4	none	Anniversary Of Completion Of The Self Management Transaction AnniversaryOfCompletionOfTheSelfManagementTransaction	P1Y
CY2023Q4	none	Anniversary Of Completion Of The Self Management Transaction AnniversaryOfCompletionOfTheSelfManagementTransaction	P4Y
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	410251556	usd
CY2023Q4	none	Real Estate And Accumulated Depreciation Initial Cost Of Land Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfLandBuildingsAndImprovements	515110249	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements	9551683	usd
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-2082419	usd
CY2023	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3687500	usd
CY2022	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3687500	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-10301342	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6976035	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-8696261	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-4511318	usd
CY2022	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3687500	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-12383761	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-8198818	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7558833	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7558833	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7487204	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7487204	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.36
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.36
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.93
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.93
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3508842	shares
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2738646	shares
CY2023Q4	none	Dividends Payable Amount Per Share Per Month DividendsPayableAmountPerSharePerMonth	0.095833
CY2023Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.15
CY2023Q4	none	Dividends Payable Amount Per Share Per Month DividendsPayableAmountPerSharePerMonth	0.095833
CY2023Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.15
CY2023Q4	none	Dividends Payable Amount Per Share Per Month DividendsPayableAmountPerSharePerMonth	0.095833
CY2023Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.15
CY2023Q4	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	31200000	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	104858693	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	104858693	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	419803239	usd
CY2023Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	524661932	usd
CY2023Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	50901612	usd
CY2023Q4	us-gaap	Sec Schedule Iii Real Estate Investment Property Net SECScheduleIIIRealEstateInvestmentPropertyNet	473760320	usd
CY2023Q4	srt	Real Estate Federal Income Tax Basis RealEstateFederalIncomeTaxBasis	320049000	usd
CY2022Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	457453085	usd
CY2021Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	333755902	usd
CY2022	us-gaap	Real Estate Acquisitions Through Foreclosures RealEstateAcquisitionsThroughForeclosures	158596618	usd
CY2023	us-gaap	Real Estate Improvements RealEstateImprovements	4749686	usd
CY2022	us-gaap	Real Estate Improvements RealEstateImprovements	3831093	usd
CY2023	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	51735060	usd
CY2022	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	29936408	usd
CY2023	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	9656794	usd
CY2022	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	6712424	usd
CY2023	us-gaap	Sec Schedule Iii Real Estate Writedown Or Reserve Amount SECScheduleIIIRealEstateWritedownOrReserveAmount	4387624	usd
CY2022	us-gaap	Sec Schedule Iii Real Estate Writedown Or Reserve Amount SECScheduleIIIRealEstateWritedownOrReserveAmount	2081696	usd
CY2023Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	524661932	usd
CY2022Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	457453085	usd
CY2022Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	46752322	usd
CY2021Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	37611133	usd
CY2023	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	15551173	usd
CY2022	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	14929574	usd
CY2023	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	8047053	usd
CY2022	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	4331686	usd
CY2023	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	3354830	usd
CY2022	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	1456699	usd
CY2023Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	50901612	usd
CY2022Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	46752322	usd

Files In Submission

Name	View Source	Status
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0001645873-24-000030-index.html	Edgar Link	pending
0001645873-24-000030.txt	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

2024 Q1 Form 10-K Financial Statement

#000164587324000030 Filed on March 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV MODIV INDUSTRIAL, INC. Stock $mdv

2024 Q1 Form 10-K Financial Statement

#000164587324000030 Filed on March 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MDV
MODIV INDUSTRIAL, INC. Stock $mdv