Quarterly ResultMay 8, 2026, 04:18 PM
MODIV INDUSTRIAL Q1 Net Loss $(862)K; EPS $(0.11)
AI Summary
MODIV INDUSTRIAL, INC. reported a net loss attributable to common stockholders of $(862) thousand, or $(0.11) per share, for the first quarter of 2026, compared to a net income of $2 thousand, or $(0.01) per share, in Q1 2025. Total revenue for the quarter was $11.703 million. The company acquired the remaining 27.3% interest in the Santa Clara property for $9.6 million and sold a vacant industrial property for $4.1 million. Additionally, the Credit Facility was amended, extending its maturity to July 2028, and new interest rate swap agreements were executed.
Key Highlights
- Q1 2026 net loss attributable to common stockholders was $(862) thousand, compared to $2 thousand in Q1 2025.
- Basic loss per share was $(0.11) in Q1 2026, compared to $(0.01) in Q1 2025.
- Total revenue for Q1 2026 was $11.703 million, a slight decrease from $11.793 million in Q1 2025.
- Acquired remaining 27.3% TIC interest in Santa Clara property for $9.6 million, assuming $12.0 million mortgage.
- Sold vacant industrial property in Saint Paul, Minnesota for $4.1 million.
- Amended Credit Facility, extending maturity to July 18, 2028, and removed SOFR Adjustment.
- Entered into three new swap agreements for $250.0 million, fixing SOFR at 2.45% for 2026.
- Cash and cash equivalents decreased to $4.477 million from $14.381 million at Dec 31, 2025.