# Modiv Industrial share price (Modiv Industrial, Inc., MDV)

> Modiv Industrial, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MDV · Real Estate · REIT - Industrial · data as of 11 August 2026. Page: https://www.sectoralpha.in/us/stocks/mdv

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## Key numbers

- Price: $18.05 (+20.3% in a year)
- P/E: 49.7×, against its own history
- Revenue (Jun 2026): $11.7 M (−2.7% on a year ago)
- Profit (Jun 2026): $4.6 M
- Operating margin: 45.1% (+0.6 points on a year ago)
- ROE: −2%, FY25

The main question: the share price moved +20.3% in a year while yearly earnings per share moved −223.1%. The difference came from the market paying a higher multiple. ## What is the Modiv Industrial share price? Modiv Industrial, Inc.'s share price was $18.05 at the close on 11 August 2026. That is 13.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $18, and at that close it sat 91% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 1 year the share price moved +23% while the S&P 500 moved +24%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Modiv Industrial pay? Modiv Industrial, Inc. paid $1.19 per share over the last four reported quarters. The most recent declaration was $0.30 for Jun 2026. At today's price of $18.05 that is a yield of 6.59%, based on dividends already paid, not a forecast. ## Which stock lists is Modiv Industrial on? Modiv Industrial is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Modiv Industrial profitable? Modiv Industrial, Inc. earned $4.6 M of net profit in the Jun 2026 quarter. The full FY25 year was a loss of $3.1 M. That is 39.3% of the quarter's revenue. The same quarter a year earlier lost $3.3 M. 7 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was −$3.1 M (−232.6% on the year before). ## How much revenue does Modiv Industrial make, and is it growing? Modiv Industrial, Inc. reported $11.7 M of revenue in the Jun 2026 quarter, −2.7% on the same quarter a year earlier. Over 4 years it has grown 5.4% a year on average. The last full year, FY25, came in at $47.1 M. The last four reported quarters add to $46.7 M. FY25 revenue was $47.1 M, +0.2% on the year before. Recent pace: the last four quarters grew −1.5% on average, against 5.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −1.5%, against −2.0% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Modiv Industrial keep? Modiv Industrial, Inc.'s operating margin was 45.1% in the Jun 2026 quarter, 0.6 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 9.3% and 42.6%. The latest quarter is above every full year in that period. Across 5 years it has been between 9.3% and 42.6%, and FY25's 42.6% is the highest of them. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Modiv Industrial's profit turning into cash? Modiv Industrial, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $15.0 M of operating cash against −$3.1 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Modiv Industrial's cash go? Modiv Industrial, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Modiv Industrial's P/E ratio, and how does it compare with its own history? Modiv Industrial, Inc.'s P/E is 49.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −223.1% while the price moved +20.3%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Modiv Industrial business getting better or worse? Modiv Industrial, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Modiv Industrial earn on its capital? Modiv Industrial, Inc. earned a ROE of −2% in FY25. That is up from a low of −5% in FY23. Its return on capital used (ROIC) is 1.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −6.6% net margin and 0.10× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −6.6% net margin × 0.10× asset turnover × 2.36× leverage (assets divided by equity) ≈ −1.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.6% − 3.9% = −1.3 percentage points. The 3.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Modiv Industrial have too much debt? Modiv Industrial, Inc. has total debt of $273 M against shareholder equity of $200 M as of Jun 2026, so its debt is 1.37× its equity. Year by year, that ratio went from 0.82 in FY21 to 1.29 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Modiv Industrial shareholding pattern? 1.2% of Modiv Industrial, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 1.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Modiv Industrial from balance-sheet trouble? For Modiv Industrial, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Modiv Industrial rank in its industry? 44.3 out of 100, rank 16 of 17 in REIT - Industrial, with 35% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Modiv Industrial, Inc. scores 44.3 out of 100 against the 17 companies it is compared with in REIT - Industrial, ranking 16. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 18.6 + 13.4 + 12.3 = 44.3 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Modiv Industrial compared with? Modiv Industrial ranks 16 of 17 REIT - Industrial companies on the 4-Factor Sector Score, with 44.3 out of 100. 1. [Public Storage](https://www.sectoralpha.in/us/stocks/psa) PSA · turning · Most evidence points up · 76% evidence 65.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Income 3.2% · Profit 14.4% · 71% evidence Capital efficiency 20.7/25 · ROA 7.1% · ROE 22.7% · GNPA n/a · 68% evidence Valuation 7.6/20 · P/BV 6.02× · P/BV÷ROE 0.27 · 70% evidence Relative strength 17.4/20 · Lead over its industry 6.7% · Lead over S&P 500 6.5% · 1 year 19.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.1 + 20.7 + 7.6 + 17.4 = 65.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [CubeSmart](https://www.sectoralpha.in/us/stocks/cube) CUBE · turning · Evidence leans up · 76% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.8/35 · Income 4% · Profit -10.7% · 71% evidence Capital efficiency 18.9/25 · ROA 4.3% · ROE 12.1% · GNPA n/a · 68% evidence Valuation 6.5/20 · P/BV 3.42× · P/BV÷ROE 0.28 · 70% evidence Relative strength 19.7/20 · Lead over its industry 7.6% · Lead over S&P 500 7.5% · 1 year 17.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 11.8 + 18.9 + 6.5 + 19.7 = 56.9 · What this means: Relative strength against the index is 7.5%, and revenue and profit growth are weak. 3. [Terreno Realty Corporation](https://www.sectoralpha.in/us/stocks/trno) TRNO · quiet · Evidence leans up · 76% evidence 56.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.5/35 · Income 17.8% · Profit 52.6% · 71% evidence Capital efficiency 12.6/25 · ROA 2.3% · ROE 6.6% · GNPA n/a · 68% evidence Valuation 8.6/20 · P/BV 1.55× · P/BV÷ROE 0.23 · 70% evidence Relative strength 9.6/20 · Lead over its industry -2.1% · Lead over S&P 500 -2.1% · 1 year 9.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.5 + 12.6 + 8.6 + 9.6 = 56.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [EastGroup Properties, Inc.](https://www.sectoralpha.in/us/stocks/egp) EGP · turning · Evidence leans up · 80% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Income 10.3% · Profit 27.8% · 81% evidence Capital efficiency 16.8/25 · ROA 3.6% · ROE 8.4% · GNPA n/a · 68% evidence Valuation 3.7/20 · P/BV 2.97× · P/BV÷ROE 0.35 · 70% evidence Relative strength 9.4/20 · Lead over its industry -2.1% · Lead over S&P 500 -2.2% · 1 year 12.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.5 + 16.8 + 3.7 + 9.4 = 54.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 5. [National Storage Affiliates Trust](https://www.sectoralpha.in/us/stocks/nsa) NSA · Too little evidence to rank firmly · 56% evidence 53.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/43.75 · Income 1.5% · Profit 25% · 71% evidence Capital efficiency 19.4/31.25 · ROA 3.5% · ROE 7.4% · GNPA n/a · 68% evidence Valuation 6.0/25 · P/BV 2.42× · P/BV÷ROE 0.33 · 70% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.6 + 19.4 + 6 = 53 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [First Industrial Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/fr) FR · basing · Evidence leans up · 80% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Income 8.7% · Profit 51.7% · 81% evidence Capital efficiency 18.1/25 · ROA 3.8% · ROE 11.1% · GNPA n/a · 68% evidence Valuation 8.7/20 · P/BV 2.75× · P/BV÷ROE 0.25 · 70% evidence Relative strength 0.3/20 · Lead over its industry -13.5% · Lead over S&P 500 -13.6% · 1 year -2.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.2 + 18.1 + 8.7 + 0.3 = 52.3 · What this means: Earnings are strong; relative strength in its sector is -13.5% and the one-year return is -2.5%. 7. [SmartStop Self Storage REIT, Inc.](https://www.sectoralpha.in/us/stocks/sma) SMA · turning · Evidence leans up · 67% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Income 16% · Profit n/a · 45% evidence Capital efficiency 9.4/25 · ROA 1.6% · ROE 3.2% · GNPA n/a · 68% evidence Valuation 3.8/20 · P/BV 1.43× · P/BV÷ROE 0.45 · 70% evidence Relative strength 19.3/20 · Lead over its industry 6.9% · Lead over S&P 500 6.9% · 1 year 7.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.3 + 9.4 + 3.8 + 19.3 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Prologis, Inc.](https://www.sectoralpha.in/us/stocks/pld) PLD · basing · Evidence leans up · 80% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Income 8.7% · Profit 32.9% · 81% evidence Capital efficiency 14.8/25 · ROA 2.8% · ROE 7.7% · GNPA n/a · 68% evidence Valuation 7.8/20 · P/BV 2.04× · P/BV÷ROE 0.27 · 70% evidence Relative strength 2.3/20 · Lead over its industry -9.4% · Lead over S&P 500 -9.5% · 1 year 2.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.6 + 14.8 + 7.8 + 2.3 = 51.5 · What this means: Earnings are strong; relative strength in its sector is -9.4% and the one-year return is 2.8%. 9. [Extra Space Storage Inc.](https://www.sectoralpha.in/us/stocks/exr) EXR · turning · Evidence leans up · 76% evidence 51.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Income 3.9% · Profit -1.8% · 71% evidence Capital efficiency 14.9/25 · ROA 3.3% · ROE 7.1% · GNPA n/a · 68% evidence Valuation 5.7/20 · P/BV 2.17× · P/BV÷ROE 0.3 · 70% evidence Relative strength 17.0/20 · Lead over its industry 5.4% · Lead over S&P 500 5.3% · 1 year 17.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 13.8 + 14.9 + 5.7 + 17 = 51.4 · What this means: Relative strength against the index is 5.3%, and revenue and profit growth are weak. 10. [STAG Industrial, Inc.](https://www.sectoralpha.in/us/stocks/stag) STAG · turning · Evidence leans down · 76% evidence 45.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 9.4% · Profit 5.6% · 71% evidence Capital efficiency 13.9/25 · ROA 2.9% · ROE 6.9% · GNPA n/a · 68% evidence Valuation 6.7/20 · P/BV 1.96× · P/BV÷ROE 0.28 · 70% evidence Relative strength 7.3/20 · Lead over its industry -6.2% · Lead over S&P 500 -6.2% · 1 year -4.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.5 + 13.9 + 6.7 + 7.3 = 45.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Americold Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/cold) COLD · quiet · Too little evidence to rank firmly · 55% evidence 41.8 out of 100 Growth Capital Valuation Relative
12. [Innovative Industrial Properties, Inc.](https://www.sectoralpha.in/us/stocks/iipr) IIPR · basing · Evidence leans down · 76% evidence 38.8 out of 100 Growth Capital Valuation Relative
13. [Rexford Industrial Realty, Inc.](https://www.sectoralpha.in/us/stocks/rexr) REXR · turning · Evidence leans down · 68% evidence 37.7 out of 100 Growth Capital Valuation Relative
14. [Industrial Logistics Properties Trust](https://www.sectoralpha.in/us/stocks/ilpt) ILPT · quiet · Too little evidence to rank firmly · 55% evidence 36.7 out of 100 Growth Capital Valuation Relative
15. [Lineage, Inc.](https://www.sectoralpha.in/us/stocks/line) LINE · basing · Too little evidence to rank firmly · 55% evidence 33.2 out of 100 Growth Capital Valuation Relative
16. Modiv Industrial, Inc. this page MDV · Too little evidence to rank firmly · 35% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/43.75 · Income -2.1% · Profit n/a · 45% evidence Capital efficiency 13.4/31.25 · ROA 2.5% · ROE -0.6% · GNPA n/a · 68% evidence Valuation 12.3/25 · P/BV 0.9× · P/BV÷ROE n/a · 10% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 18.6 + 13.4 + 12.3 = 44.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 17. [LXP Industrial Trust](https://www.sectoralpha.in/us/stocks/lxp) LXP · Too little evidence to rank firmly · 44% evidence 34.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Industrial](https://www.sectoralpha.in/us/sectors/reit-industrial), all 17 compared on one page. ## Which companies are close to Modiv Industrial in size? Modiv Industrial is the 17th largest of 17 REIT - Industrial companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: National Storage Affiliates Trust, Americold Realty Trust, Inc., LXP Industrial Trust, SmartStop Self Storage REIT, Inc., Innovative Industrial Properties, Inc. and Industrial Logistics Properties Trust. It is the smallest. ### REIT - Industrial companies close in size

1. [National Storage Affiliates Trust](https://www.sectoralpha.in/us/stocks/nsa) $5.6 billion
2. [Americold Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/cold) $4.2 billion
3. [LXP Industrial Trust](https://www.sectoralpha.in/us/stocks/lxp) $3.6 billion
4. [SmartStop Self Storage REIT, Inc.](https://www.sectoralpha.in/us/stocks/sma) $2 billion
5. [Innovative Industrial Properties, Inc.](https://www.sectoralpha.in/us/stocks/iipr) $1.5 billion
6. [Industrial Logistics Properties Trust](https://www.sectoralpha.in/us/stocks/ilpt) $431 million
7. Modiv Industrial, Inc. $215 million

[All 17 REIT - Industrial companies, largest first](https://www.sectoralpha.in/us/sectors/reit-industrial#all-companies)

### Companies close in size in other industries

1. [MaxsMaking Inc.](https://www.sectoralpha.in/us/stocks/mamk) $216 million · Conglomerates
2. [Nature's Sunshine Products, Inc.](https://www.sectoralpha.in/us/stocks/natr) $216 million · Packaged Foods
3. Modiv Industrial, Inc. $215 million
4. [Expensify, Inc.](https://www.sectoralpha.in/us/stocks/exfy) $214 million · Software - Application
5. [Clearwater Paper Corporation](https://www.sectoralpha.in/us/stocks/clw) $214 million · Paper & Paper Products

## What else do people ask about Modiv Industrial? ### What were Modiv Industrial's latest quarterly results? Modiv Industrial, Inc. reported revenue of $11.7 M and net profit of $4.6 M for the Jun 2026 quarter. Earnings per share were $0.45. The operating margin was 45.1%, 0.6 percentage points higher than a year earlier (as of 11 August 2026). ### What is Modiv Industrial's market cap? Modiv Industrial, Inc.'s market capitalisation is $215 M at a stock price of $18.05. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 11 August 2026). ### How is Modiv Industrial performing? Modiv Industrial, Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running. This describes what the data did, not a rating (as of 11 August 2026). ### Will Modiv Industrial's stock price go up? This page does not forecast Modiv Industrial, Inc.'s stock price. What it shows instead: the stock price is $18.05. Nobody can reliably say which way a price will move, and this site does not try (as of 11 August 2026). ### Where is Modiv Industrial in its business cycle? Modiv Industrial, Inc.'s FY25 operating margin was 42.6%, against a 5-year range of 9.3% to 42.6%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 45.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 11 August 2026). ### What could break the Modiv Industrial story? The main question: the share price moved +20.3% in a year while yearly earnings per share moved −223.1%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 11 August 2026). ### Is Modiv Industrial a stock worth studying right now? What the numbers show: Modiv Industrial, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 11 August 2026). This is research, not advice. We’re not SEBI-registered.