Modiv Industrial (MDV) Stock Overview
An internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
MDV Community Fair Values
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Analyst Price Targets
Modiv Industrial, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.65 |
| 52 Week High | US$18.83 |
| 52 Week Low | US$13.80 |
| Beta | -0.078 |
| 1 Month Change | -4.23% |
| 3 Month Change | 16.66% |
| 1 Year Change | 20.15% |
| 3 Year Change | 27.44% |
| 5 Year Change | n/a |
| Change since IPO | -74.04% |
Recent News & Updates
Recent updates
Modiv Industrial: Throwing In The Towel
Summary MDV is an internally managed REIT focused on single-tenant net-lease industrial manufacturing properties, recently increasing its dividend by 2.6%. MDV faces challenges due to specialized assets, high capital costs, and sector-trailing AFFO multiples, limiting its ability to reinvest or grow efficiently. The CEO acknowledges MDV's persistent undervaluation—estimated at 20%-40% below intrinsic value—and is open to strategic alternatives, including a potential sale. I assign MDV a Hold rating as management explores creative options to unlock shareholder value amid ongoing market skepticism. Read the full article on Seeking AlphaAnalysts Have Been Trimming Their Modiv Industrial, Inc. (NYSE:MDV) Price Target After Its Latest Report
It's been a mediocre week for Modiv Industrial, Inc. ( NYSE:MDV ) shareholders, with the stock dropping 11% to US$14.62...Modiv Industrial Sits In The Crosshairs Of Tariffs
Summary Modiv Industrial faces significant risks due to its sale leaseback business model and exposure to economic changes, earning it a Hold rating. The potential end of the CHIPS Act and introduction of tariffs by President Trump could severely impact MDV's tenants and overall business model. MDV's portfolio consists of 43 properties, primarily industrial, with significant exposure to California and the infrastructure sector. Despite recent share price declines making MDV more attractive, macroeconomic disruptions and uncertain US manufacturing outlook increase investment risks. Read the full article on Seeking Alpha
Patient Acquisitions And Cost Cuts Will Yield Mixed REIT Prospects
Modiv Industrial's strategic acquisitions and property expansion plans signal potential growth in revenue and earnings once market conditions improve.Modiv Industrial: Too Risky Despite The Potential
Summary Modiv Industrial is transitioning from a diversified REIT to a pure-play industrial REIT, focusing on U.S. manufacturing properties. The company faces high risk due to its small portfolio, geographic concentration, and elevated leverage. Despite a forward dividend yield of 7.85%, Modiv's high payout ratio and volatile AFFO make the dividend less secure. Valuation models suggest Modiv trades at a discount, but inconsistent AFFO growth and high leverage warrant a "hold" rating. Read the full article on Seeking AlphaModiv Industrial: Solid Q3 Earnings And Dividend Bumped, But Still Not Buying
Summary REITs vary in strategies; for instance, Realty Income Corporation is globally diversified, while Rexford Industrial Realty, Inc. focuses on Southern California industrial assets. Modiv Industrial specializes in single-tenant manufacturing properties, emphasizing “Made in America” and onshoring, but faces concentration and business risks. Modiv's sale leaseback strategy involves high-risk bets on tenants' creditworthiness and may overpay for low-quality assets, raising concerns about sustainability. Despite MDV's efforts to diversify and increase dividends, its portfolio's long-term risks and assets justify a Sell rating. Read the full article on Seeking AlphaModiv Industrial: Unclear Growth But No Red Flags
Summary Modiv Industrial is a REIT that has recently shifted its focus to industrial properties. The company has a limited history but has shown improvements in cash flow and a relatively healthy balance sheet. Modiv's future outlook depends on its ability to convert non-core assets into industrial properties and navigate potential risks to its major tenants. The pipeline of new deals is also slow for the time being, so only rent increases in the current leases will be the main source of dividend growth. Read the full article on Seeking AlphaModiv Industrial: A 7.2% Dividend Yield From Made In The USA
Summary Modiv Industrial is paying out a 7.2% dividend yield that's 140% covered by fourth-quarter AFFO. The REIT is solely focused on owning single-tenant net-lease industrial manufacturing properties in the US. No debt maturities until 2027 and pending Fed rate cuts will set MDV up for 2024 outperformance. Read the full article on Seeking AlphaShareholder Returns
| MDV | US REITs | US Market | |
|---|---|---|---|
| 7D | -1.3% | -0.4% | 0.6% |
| 1Y | 20.1% | 9.7% | 19.5% |
Return vs Industry: MDV exceeded the US REITs industry which returned 9.7% over the past year.
Return vs Market: MDV matched the US Market which returned 19.5% over the past year.
Price Volatility
| MDV volatility | |
|---|---|
| MDV Average Weekly Movement | 4.2% |
| REITs Industry Average Movement | 3.1% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MDV has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MDV's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 9 | Aaron Halfacre | www.modiv.com |
Modiv Industrial, Inc. is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation’s supply chains. Modiv Industrial, Inc. was incorporated in 2015 and is based in Denver, United States.
Modiv Industrial, Inc. Fundamentals Summary
| MDV fundamental statistics | |
|---|---|
| Market cap | US$208.90m |
| Earnings (TTM) | -US$4.11m |
| Revenue (TTM) | US$47.01m |
Is MDV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MDV income statement (TTM) | |
|---|---|
| Revenue | US$47.01m |
| Cost of Revenue | US$3.52m |
| Gross Profit | US$43.50m |
| Other Expenses | US$47.61m |
| Earnings | -US$4.11m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.40 |
| Gross Margin | 92.52% |
| Net Profit Margin | -8.74% |
| Debt/Equity Ratio | 138.3% |
How did MDV perform over the long term?
See historical performance and comparisonDividends
Does MDV pay a reliable dividends?
See MDV dividend history and benchmarks| Modiv Industrial dividend dates | |
|---|---|
| Ex Dividend Date | Jun 30 2026 |
| Dividend Pay Date | Jul 15 2026 |
| Days until Ex dividend | 11 days |
| Days until Dividend pay date | 4 days |
Does MDV pay a reliable dividends?
See MDV dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/10 22:17 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Modiv Industrial, Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| John Massocca | B. Riley Securities, Inc. |
| Jay Kornreich | Cantor Fitzgerald & Co. |