MODIV INDUSTRIAL INC CLASS C (MDV)
Real Estate · industrial REITs · NYSE
Modiv Industrial is an internally managed REIT exclusively focused on owning and managing a portfolio of industrial manufacturing net-lease properties.
What MODIV INDUSTRIAL INC CLASS C does
Modiv Industrial is a real estate investment trust (REIT) focused on the acquisition and management of single-tenant net-lease properties, primarily industrial manufacturing facilities in the United States. The company derives its revenue from long-term lease agreements with commercial tenants across various industries. Modiv operates as an internally managed entity.
Recent developments
On May 3, 2026, the company entered into a definitive agreement to merge with Global Net Lease, Inc. Under the terms of the agreement, shareholders will receive shares of GNL common stock or operating partnership units, and holders of the Series A Preferred Stock will receive cash. The merger is subject to shareholder approval and other customary closing conditions.
From MODIV INDUSTRIAL INC CLASS C's filing of 2026-08-11.
Themes: industrial real estate, net-lease properties, REIT M&A, manufacturing real estate
Fundamentals
- Price$18.05 last close before the listing ended, 2026-08-19
- Market cap$186M as of 2026-08-06 (share count; price 2026-08-19)
- 1-year return+22.3% 2025-08-19 close $14.76 → 2026-08-19 close $18.05
- P/En/a negative earnings
- Net margin+2.3% FY2025, SEC XBRL
- ROE+0.7% FY2025, SEC XBRL
- Debt / equity1.72 as of 2026-09-03
- Revenue growth (YoY)-0.6% as of 2026-09-03
- Revenue CAGR (3y)+14.5% SEC XBRL
- Beta0.44 as of 2026-09-03
- Last reported earnings2026-03-25 most recent in our data — SEC EDGAR Form 8-K (Item 2.02); no newer announcement filed
This listing has ended. The figures below are the last on record, from 2026-08-19, not a current quote.
Dividend: yield +6.6%; at least 2 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How MDV compares in its sector
- net profit marginmiddle range 154 covered Real Estate peers, as of 2026-09-03
- operating marginmiddle range 96 covered Real Estate peers, as of 2026-09-03
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRtop 25% 155 covered Real Estate peers
- indicated dividend yieldtop 25% 140 covered Real Estate peers, as of 2026-09-03
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which MDV reported a dividend payment is FY2021, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2021 ratio would not describe MDV today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2021) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
Analyst consensus
- Mean price target$18.67 range $18.00 – $19.00; median $19.00
Analyst estimates, as of 2026-08-29. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for MDV
- Consensus EPS estimate$0.04 next reporting period, as of 2026-08-29
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["The company has entered into a definitive merger agreement with Global Net Lease, which is subject to closing conditions and carries significant risks if the merger fails to close, including potential termination fees.","The company's performance is sensitive to interest rate fluctuations and the health of the commercial real estate market, particularly industrial properties."]
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-044 buys ($163023) · 0 sells — 1 buying insider
Most recent open-market transaction: 2026-06-30. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about MDV's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
MDV had 152,633 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
MDV had 1.48% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.68 days to cover at the same settlement.
- Reported short interest (shares) 152,633
- Short interest (% of shares outstanding) 1.48%
- Prior settlement (shares) 103,193
- Reported change 47.91%
- Days to cover (reported) 2.68
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Global Net Lease (GNL)
- Plymouth Industrial REIT (PLYM)
- Peakstone Realty Trust (PKST)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare MDV vs…
MODIV INDUSTRIAL INC CLASS C is found in…
MDV shows up in…
Frequently asked questions
What does MODIV INDUSTRIAL INC CLASS C (MDV) do?
Modiv Industrial is a real estate investment trust (REIT) focused on the acquisition and management of single-tenant net-lease properties, primarily industrial manufacturing facilities in the United States. The company derives its revenue from long-term lease agreements with commercial tenants across various industries. Modiv operates as an internally managed entity.
What sector is MODIV INDUSTRIAL INC CLASS C (MDV) in?
MODIV INDUSTRIAL INC CLASS C (MDV) is classified in the Real Estate sector. Its industry is industrial REITs. It trades on NYSE.
Does MDV pay a dividend?
Yes — MODIV INDUSTRIAL INC CLASS C (MDV) pays a dividend, with an indicated yield of about 6.65% and at least 2 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are MODIV INDUSTRIAL INC CLASS C's (MDV) competitors?
Notable peers of MODIV INDUSTRIAL INC CLASS C (MDV) include Global Net Lease, Plymouth Industrial REIT and Peakstone Realty Trust. This peer set is informational only — not financial advice.
Where does stocks-llm's data on MDV come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. This listing has ended, so these are the last figures on record rather than current ones — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are the last daily closes recorded before this listing ended.
Last updated 2026-08-19.
Informational only — NOT financial advice. All figures are the last on record before this listing ended, from SEC EDGAR & market data, shown with their as-of date.