$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

$mdv Overview Financials Valuation SEC Filings Company Website

2024 Q4 Form 10-Q Financial Statement

#000164587324000174 Filed on November 06, 2024

Income Statement

Concept	2024 Q4	2024 Q3
Revenue		$11.66M
YoY Change		-6.76%
Cost Of Revenue		$1.025M
YoY Change		-14.58%
Gross Profit		$10.63M
YoY Change		-6.01%
Gross Profit Margin		91.21%
Selling, General & Admin		$1.736M
YoY Change		-82.99%
% of Gross Profit		16.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$4.167M
YoY Change		-0.07%
% of Gross Profit		39.2%
Operating Expenses		$5.903M
YoY Change		-58.92%
Operating Profit		$4.900M
YoY Change		-202.42%
Interest Expense		-$5.752M
YoY Change		-296.78%
% of Operating Profit		-117.39%
Other Income/Expense, Net		-$5.948M
YoY Change		180.36%
Pretax Income		-$1.048M
YoY Change		-84.84%
Income Tax
% Of Pretax Income
Net Earnings		-$586.4K
YoY Change		-89.41%
Net Earnings / Revenue		-5.03%
Basic Earnings Per Share		-$0.18
Diluted Earnings Per Share		-$0.18
COMMON SHARES
Basic Shares Outstanding	9.646M shares	9.494M shares
Diluted Shares Outstanding		10.96M shares

Balance Sheet

Concept	2024 Q4	2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments		$6.825M
YoY Change		21.87%
Cash & Equivalents		$6.825M
Short-Term Investments
Other Short-Term Assets		$3.402M
YoY Change		-30.57%
Inventory
Prepaid Expenses		$3.402M
Receivables		$17.39M
Other Receivables		$0.00
Total Short-Term Assets		$27.62M
YoY Change		27.26%
LONG-TERM ASSETS
Property, Plant & Equipment		$468.2M
YoY Change		-2.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$9.490M
YoY Change		-52.79%
Other Assets		$0.00
YoY Change		-100.0%
Total Long-Term Assets		$479.8M
YoY Change		-7.27%
TOTAL ASSETS
Total Short-Term Assets		$27.62M
Total Long-Term Assets		$479.8M
Total Assets		$507.4M
YoY Change		-5.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$1.236M
YoY Change		105.98%
Accrued Expenses		$3.587M
YoY Change		-42.14%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities		$6.948M
YoY Change		-21.93%
LONG-TERM LIABILITIES
Long-Term Debt		$279.7M
YoY Change		-0.98%
Other Long-Term Liabilities		$8.934M
YoY Change		-3.94%
Total Long-Term Liabilities		$288.7M
YoY Change		-1.07%
TOTAL LIABILITIES
Total Short-Term Liabilities		$6.948M
Total Long-Term Liabilities		$288.7M
Total Liabilities		$295.6M
YoY Change		-1.68%
SHAREHOLDERS EQUITY
Retained Earnings		-$151.9M
YoY Change		14.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity		$186.3M
YoY Change
Total Liabilities & Shareholders Equity		$507.4M
YoY Change		-5.88%

Cashflow Statement

Concept	2024 Q4	2024 Q3
OPERATING ACTIVITIES
Net Income		-$586.4K
YoY Change		-89.41%
Depreciation, Depletion And Amortization		$4.167M
YoY Change		-0.07%
Cash From Operating Activities		$5.138M
YoY Change		31.07%
INVESTING ACTIVITIES
Capital Expenditures		$6.732M
YoY Change		-77.81%
Acquisitions
YoY Change
Other Investing Activities		$2.393M
YoY Change		-93.21%
Cash From Investing Activities		-$4.339M
YoY Change		-188.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		-12.84M
YoY Change		-1.74%
NET CHANGE
Cash From Operating Activities		5.138M
Cash From Investing Activities		-4.339M
Cash From Financing Activities		-12.84M
Net Change In Cash		-12.04M
YoY Change		182.08%
FREE CASH FLOW
Cash From Operating Activities		$5.138M
Capital Expenditures		$6.732M
Free Cash Flow		-$1.594M
YoY Change		-93.97%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-09-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Registrant Name EntityRegistrantName	MODIV INDUSTRIAL, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-4156046
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2195 South Downing Street
	dei	Entity Address City Or Town EntityAddressCityOrTown	Denver
	dei	Entity Address State Or Province EntityAddressStateOrProvince	CO
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	80210
	dei	Local Phone Number LocalPhoneNumber	686-6348
	dei	City Area Code CityAreaCode	888
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	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Central Index Key EntityCentralIndexKey	0001645873
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2024Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	74509	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	79166	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	222574	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	207506	usd
CY2024Q3	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	6103668	usd
CY2023Q3	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	2922918	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	12514167	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	6761779	usd
CY2024Q3	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	0	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	0	usd
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	-4513	usd
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	0	usd
CY2024Q3	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	0	usd
CY2023Q3	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	440000	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	-20574	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	440000	usd
CY2024Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-5947537	usd
CY2023Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2187366	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-11800008	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-5627352	usd
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-1047736	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-6905242	usd
	us-gaap	Profit Loss ProfitLoss	4851323	usd
	us-gaap	Profit Loss ProfitLoss	-6854210	usd
CY2024Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-461334	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	388349	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1535452	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-586402	usd
	us-gaap	Net Income Loss NetIncomeLoss	-5318758	usd
CY2024Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
CY2023Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	921875	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	2765625	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	2765625	usd
CY2024Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1508277	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6458221	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1697349	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8084383	usd
CY2024Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.18
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.86
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.06
CY2024Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.18
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.86
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.06
CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9430885	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7548052	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9151287	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7537505	shares
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10959030	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9147950	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11245080	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9041564	shares
CY2024Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2875
CY2023Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2875
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.8625
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-1047736	usd
	us-gaap	Profit Loss ProfitLoss	4851323	usd
	us-gaap	Profit Loss ProfitLoss	-6854210	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-255873	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-253092	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-762059	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-1303609	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-7158334	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	4089264	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-7610706	usd
CY2024Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-461334	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-7610706	usd
CY2024Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-461334	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1368896	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	388349	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1535452	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-35835	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-44264	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-141893	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-125746	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-497169	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1413160	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1661198	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-806440	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5745174	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3842808	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5949508	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	225695444	usd
CY2024Q3	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	526263	usd
CY2024Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2375980	usd
CY2024Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	75000	usd
CY2024Q3	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	11532768	usd
CY2024Q3	us-gaap	Dividends Preferred Stock DividendsPreferredStock	921875	usd
CY2024Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	3163292	usd
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-1047736	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-255873	usd
CY2024Q3	cik0001645873	Noncontrolling Interest Adjustments To Noncontrolling Interests NoncontrollingInterestAdjustmentsToNoncontrollingInterests	0	usd
CY2024Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	211751143	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	240093257	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	552086	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	70000	usd
CY2023Q3	us-gaap	Dividends Preferred Stock DividendsPreferredStock	921875	usd
CY2023Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	2631165	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-6905242	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-253092	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	238403836	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	225121908	usd
	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	1610542	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	3260959	usd
	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	0	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	210000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1311002	usd
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	11532768	usd
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	2765625	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	9554139	usd
	us-gaap	Profit Loss ProfitLoss	4851323	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-762059	usd
	cik0001645873	Noncontrolling Interest Adjustments To Noncontrolling Interests NoncontrollingInterestAdjustmentsToNoncontrollingInterests	0	usd
CY2024Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	211751143	usd
	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	1708285	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9555206	usd
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	1129162	usd
	us-gaap	Profit Loss ProfitLoss	-6854210	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-756496	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	238403836	usd
	us-gaap	Profit Loss ProfitLoss	4851323	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1368896	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	388349	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1535452	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-44264	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-141893	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest	-125746	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-497169	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1413160	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	246456	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1661198	usd
CY2024Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-806440	usd
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5745174	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	3842808	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5949508	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	225695444	usd
CY2024Q3	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	526263	usd
CY2024Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2375980	usd
CY2024Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	75000	usd
CY2024Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	3163292	usd
CY2024Q3	us-gaap	Profit Loss ProfitLoss	-1047736	usd
CY2024Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-255873	usd
CY2024Q3	cik0001645873	Noncontrolling Interest Adjustments To Noncontrolling Interests NoncontrollingInterestAdjustmentsToNoncontrollingInterests	0	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	240093257	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	552086	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	70000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	8399867	usd
CY2023Q3	us-gaap	Dividends Preferred Stock DividendsPreferredStock	921875	usd
CY2023Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	2631165	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	-6905242	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	225121908	usd
	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	1610542	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	3260959	usd
	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	0	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	210000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1311002	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	9554139	usd
	us-gaap	Profit Loss ProfitLoss	4851323	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-762059	usd
	cik0001645873	Noncontrolling Interest Adjustments To Noncontrolling Interests NoncontrollingInterestAdjustmentsToNoncontrollingInterests	0	usd
CY2024Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	211751143	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	241033960	usd
	us-gaap	Stock Issued During Period Value Dividend Reinvestment Plan StockIssuedDuringPeriodValueDividendReinvestmentPlan	1708285	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	235000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9555206	usd
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	1129162	usd
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	2765625	usd
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	7798407	usd
	us-gaap	Profit Loss ProfitLoss	-6854210	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-756496	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	238403836	usd
	us-gaap	Profit Loss ProfitLoss	4851323	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12437021	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1521002	usd
	us-gaap	Straight Line Rent StraightLineRent	4378863	usd
	us-gaap	Profit Loss ProfitLoss	-6854210	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	12437021	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	11403603	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1521002	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	9790206	usd
	us-gaap	Straight Line Rent StraightLineRent	4378863	usd
	us-gaap	Straight Line Rent StraightLineRent	4528120	usd
	cik0001645873	Operating Lease Right Of Use Asset Periodic Reduction Reversal OperatingLeaseRightOfUseAssetPeriodicReductionReversal	1391	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	217537	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	664488	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	556134	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	634798	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	596194	usd
	cik0001645873	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	0	usd
	cik0001645873	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	3499438	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	-20574	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-1708801	usd
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-1683479	usd
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	2781840	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	222574	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	207506	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	786316	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	179121	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	194900	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-242711	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	628623	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	104467	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	291813	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-875048	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	12835060	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11210166	usd
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	5183443	usd
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	122778215	usd
	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	1762700	usd
	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	1744462	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	15022626	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	34737474	usd
	cik0001645873	Payments For Proceeds From Purchase Deposit PaymentsForProceedsFromPurchaseDeposit	-1152499	usd
	cik0001645873	Payments For Proceeds From Purchase Deposit PaymentsForProceedsFromPurchaseDeposit	1259452	usd
	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	652118	usd
	cik0001645873	Payments Refunds To Acquire Lease Incentives PaymentsRefundsToAcquireLeaseIncentives	0	usd
	cik0001645873	Payments Refunds To Acquire Lease Incentives PaymentsRefundsToAcquireLeaseIncentives	-48731	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	9881100	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-90995924	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	0	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	100000000	usd
	cik0001645873	Proceeds From Repayments Of Secured Lines Of Credit ProceedsFromRepaymentsOfSecuredLinesOfCredit	0	usd
	cik0001645873	Proceeds From Repayments Of Secured Lines Of Credit ProceedsFromRepaymentsOfSecuredLinesOfCredit	-3000000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	188932	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	10230160	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3260959	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1129162	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-19020727	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	76818719	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3695433	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2967039	usd
	cik0001645873	Operating Lease Right Of Use Asset Periodic Reduction Reversal OperatingLeaseRightOfUseAssetPeriodicReductionReversal	1391	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	217537	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	556134	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	634798	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	596194	usd
	cik0001645873	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	0	usd
	cik0001645873	Impairment Reversal Of Real Estate Properties ImpairmentReversalOfRealEstateProperties	3499438	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	-20574	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	440000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	3359807	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-1708801	usd
	us-gaap	Unrealized Gain Loss On Derivatives And Commodity Contracts UnrealizedGainLossOnDerivativesAndCommodityContracts	-1683479	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	207506	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	786316	usd
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	179121	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	194900	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-242711	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	628623	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	104467	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	291813	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-875048	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11210166	usd
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	5183443	usd
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	122778215	usd
	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	1762700	usd
	cik0001645873	Payments To Acquire Additional Real Estate Investments PaymentsToAcquireAdditionalRealEstateInvestments	1744462	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	15022626	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	34737474	usd
	cik0001645873	Payments For Proceeds From Purchase Deposit PaymentsForProceedsFromPurchaseDeposit	-1152499	usd
	cik0001645873	Payments For Proceeds From Purchase Deposit PaymentsForProceedsFromPurchaseDeposit	1259452	usd
	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	652118	usd
	us-gaap	Proceeds From Sale Of Equity Securities Fv Ni ProceedsFromSaleOfEquitySecuritiesFvNi	0	usd
	cik0001645873	Payments Refunds To Acquire Lease Incentives PaymentsRefundsToAcquireLeaseIncentives	0	usd
	cik0001645873	Payments Refunds To Acquire Lease Incentives PaymentsRefundsToAcquireLeaseIncentives	-48731	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	9881100	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-90995924	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	0	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	100000000	usd
	cik0001645873	Proceeds From Repayments Of Secured Lines Of Credit ProceedsFromRepaymentsOfSecuredLinesOfCredit	0	usd
	cik0001645873	Proceeds From Repayments Of Secured Lines Of Credit ProceedsFromRepaymentsOfSecuredLinesOfCredit	-3000000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	188932	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	10230160	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3260959	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	11532768	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1129162	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	2765625	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	2765625	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-19020727	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	76818719	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3695433	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2967039	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8608649	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6824847	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5641610	usd
	us-gaap	Interest Paid Net InterestPaidNet	10055180	usd
	us-gaap	Interest Paid Net InterestPaidNet	8675670	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8608649	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6824847	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5641610	usd
	us-gaap	Interest Paid Net InterestPaidNet	10055180	usd
	us-gaap	Interest Paid Net InterestPaidNet	8675670	usd
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	10361454	usd
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	0	usd
	cik0001645873	Stock Issued During Period Value Conversion Of Shares Held For Investment StockIssuedDuringPeriodValueConversionOfSharesHeldForInvestment	11038658	usd
	cik0001645873	Stock Issued During Period Value Conversion Of Shares Held For Investment StockIssuedDuringPeriodValueConversionOfSharesHeldForInvestment	0	usd
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	usd
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	9620000	usd
	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	0	usd
	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1610542	usd
	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1716399	usd
	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	149237	usd
	cik0001645873	Increase Decrease In Real Estate Investments Held For Sale IncreaseDecreaseInRealEstateInvestmentsHeldForSale	-11557689	usd
	cik0001645873	Increase Decrease In Real Estate Investments Held For Sale IncreaseDecreaseInRealEstateInvestmentsHeldForSale	3372461	usd
	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	-103337	usd
	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	33393	usd
	cik0001645873	Other Liabilities Related To Real Estate Investments Held For Sale OtherLiabilitiesRelatedToRealEstateInvestmentsHeldForSale	-248727	usd
	cik0001645873	Other Liabilities Related To Real Estate Investments Held For Sale OtherLiabilitiesRelatedToRealEstateInvestmentsHeldForSale	44468	usd
CY2024Q3	cik0001645873	Authority To Issue Of Common Stock AuthorityToIssueOfCommonStock	450000000	shares
CY2024Q3	cik0001645873	Number Of Rentable Square Feet NumberOfRentableSquareFeet	4500000	sqft
CY2024Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	43	property
CY2024Q3	cik0001645873	Shares Acquired Average Daily Closing Price Number Of Consecutive Trading Days SharesAcquiredAverageDailyClosingPriceNumberOfConsecutiveTradingDays	P10D
CY2024Q3	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	14.80
CY2024Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	11532768	usd
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div>A prior year statement of operations account has been reclassified to conform with the current year presentation. Management fee income was reclassified from other income (expense) to total income in the accompanying unaudited condensed consolidated statements of operations. The reclassification did not affect net loss in the prior year's consolidated statements of operations.
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5745174	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5949508	usd
	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	14	property
CY2024Q3	us-gaap	Lessor Operating Lease Renewal Term LessorOperatingLeaseRenewalTerm	P8Y
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	37911304	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	36167552	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	36328214	usd
CY2024Q3	cik0001645873	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	529295839	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	685390586	usd
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	10361454	usd
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	0	usd
	cik0001645873	Stock Issued During Period Value Conversion Of Shares Held For Investment StockIssuedDuringPeriodValueConversionOfSharesHeldForInvestment	11038658	usd
	cik0001645873	Stock Issued During Period Value Conversion Of Shares Held For Investment StockIssuedDuringPeriodValueConversionOfSharesHeldForInvestment	0	usd
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	usd
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	9620000	usd
	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	0	usd
	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	2350000	usd
	us-gaap	Stock Issued1 StockIssued1	0	usd
	us-gaap	Stock Issued1 StockIssued1	5175284	usd
	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1610542	usd
	cik0001645873	Reinvested Distribution To Investment In Rich Uncles Reit I ReinvestedDistributionToInvestmentInRichUnclesReitI	1716399	usd
	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	149237	usd
	cik0001645873	Non Cash Or Part Non Cash Transactions Accrued Distributions NonCashOrPartNonCashTransactionsAccruedDistributions	33787	usd
	cik0001645873	Increase Decrease In Real Estate Investments Held For Sale IncreaseDecreaseInRealEstateInvestmentsHeldForSale	-11557689	usd
	cik0001645873	Assets Related To Property Sales AssetsRelatedToPropertySales	33393	usd
	cik0001645873	Other Liabilities Related To Real Estate Investments Held For Sale OtherLiabilitiesRelatedToRealEstateInvestmentsHeldForSale	-248727	usd
	cik0001645873	Other Liabilities Related To Real Estate Investments Held For Sale OtherLiabilitiesRelatedToRealEstateInvestmentsHeldForSale	44468	usd
CY2023Q3	cik0001645873	Real Estate Portfolio Investment Allocation Percentage RealEstatePortfolioInvestmentAllocationPercentage	0.70
CY2024Q3	cik0001645873	Authority To Issue Of Common Stock AuthorityToIssueOfCommonStock	450000000	shares
CY2024Q3	cik0001645873	Number Of Rentable Square Feet NumberOfRentableSquareFeet	4500000	sqft
CY2024Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	43	property
CY2024Q3	cik0001645873	Shares Acquired Average Daily Closing Price Number Of Consecutive Trading Days SharesAcquiredAverageDailyClosingPriceNumberOfConsecutiveTradingDays	P10D
CY2024Q3	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	14.80
	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%">Reclassification</span></div>A prior year statement of operations account has been reclassified to conform with the current year presentation. Management fee income was reclassified from other income (expense) to total income in the accompanying unaudited condensed consolidated statements of operations. The reclassification did not affect net loss in the prior year's consolidated statements of operations.
CY2023Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5745174	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5949508	usd
CY2024Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	468201442	usd
CY2024Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	15	state
	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	14	property
CY2024Q3	us-gaap	Lessor Operating Lease Renewal Term LessorOperatingLeaseRenewalTerm	P8Y
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	9674057	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	37911304	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	36167552	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	36013620	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	36328214	usd
CY2024Q3	cik0001645873	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	529295839	usd
CY2024Q3	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	685390586	usd
CY2023Q4	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	2	property
CY2024Q3	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	0	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	11038658	usd
CY2023Q3	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2023Q3	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2023Q3	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
	us-gaap	Common Stock Dividends Shares CommonStockDividendsShares	2623153	shares
CY2023Q4	cik0001645873	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	2	property
CY2024Q3	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	0	usd
CY2023Q4	us-gaap	Equity Securities Fv Ni Current And Noncurrent EquitySecuritiesFvNiCurrentAndNoncurrent	11038658	usd
CY2023Q3	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2023Q3	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
CY2023Q3	cik0001645873	Number Of Real Estate Properties Sold NumberOfRealEstatePropertiesSold	13	property
	us-gaap	Common Stock Dividends Shares CommonStockDividendsShares	2623153	shares
CY2024Q3	cik0001645873	Straight Line Rents StraightLineRents	16868726	usd
CY2023Q4	cik0001645873	Straight Line Rents StraightLineRents	12474137	usd
CY2024Q3	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	236608	usd
CY2024Q3	cik0001645873	Straight Line Rents StraightLineRents	16868726	usd
CY2023Q4	cik0001645873	Straight Line Rents StraightLineRents	12474137	usd
CY2024Q3	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	236608	usd
CY2023Q4	cik0001645873	Tenant Rent And Billed Reimbursements TenantRentAndBilledReimbursements	107635	usd
CY2024Q3	cik0001645873	Tenant Recoveries TenantRecoveries	282785	usd
CY2023Q4	cik0001645873	Tenant Recoveries TenantRecoveries	212796	usd
CY2024Q3	us-gaap	Accounts Receivable Gross AccountsReceivableGross	17388119	usd
CY2023Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	12794568	usd
CY2024Q3	cik0001645873	Construction Advances ConstructionAdvances	199856	usd
CY2023Q4	cik0001645873	Construction Advances ConstructionAdvances	1352355	usd
CY2024Q3	us-gaap	Other Assets OtherAssets	1199770	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	626575	usd
CY2024Q3	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	473643	usd
CY2023Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	748662	usd
CY2024Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	3402025	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	4173221	usd
CY2024Q3	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	766483	usd
CY2023Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	562647	usd
CY2024Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1698283	usd
CY2023Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1202115	usd
CY2024Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	257232	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	358777	usd
CY2024Q3	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	1631952	usd
CY2024Q3	us-gaap	Security Deposit Liability SecurityDepositLiability	469409	usd
CY2023Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	82981	usd
CY2023Q4	cik0001645873	Deferred Tenant Reimbursement DeferredTenantReimbursement	186688	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	4469508	usd
CY2024Q3	us-gaap	Secured Debt SecuredDebt	30863014	usd
CY2023Q4	us-gaap	Secured Debt SecuredDebt	31030241	usd
CY2024Q3	us-gaap	Medium Term Notes MediumTermNotes	248876279	usd
CY2023Q4	us-gaap	Medium Term Notes MediumTermNotes	248508515	usd
CY2024Q3	us-gaap	Long Term Debt LongTermDebt	279739293	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	279538756	usd
CY2024Q3	cik0001645873	Tenant Recoveries TenantRecoveries	282785	usd
CY2023Q4	cik0001645873	Tenant Recoveries TenantRecoveries	212796	usd
CY2024Q3	us-gaap	Accounts Receivable Gross AccountsReceivableGross	17388119	usd
CY2023Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	12794568	usd
CY2024Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1528756	usd
CY2023Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1445629	usd
CY2024Q3	cik0001645873	Construction Advances ConstructionAdvances	199856	usd
CY2023Q4	cik0001645873	Construction Advances ConstructionAdvances	1352355	usd
CY2024Q3	us-gaap	Other Assets OtherAssets	1199770	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	626575	usd
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CY2024Q3	us-gaap	Incremental Common Shares Attributable To Equity Unit Purchase Agreements IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements	1528145	shares
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Files In Submission

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$MDV
MODIV INDUSTRIAL, INC. Stock $mdv

2024 Q4 Form 10-Q Financial Statement

#000164587324000174 Filed on November 06, 2024

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$MDV MODIV INDUSTRIAL, INC. Stock $mdv

2024 Q4 Form 10-Q Financial Statement

#000164587324000174 Filed on November 06, 2024

Income Statement

Balance Sheet

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Files In Submission

$MDV
MODIV INDUSTRIAL, INC. Stock $mdv