Short answer
MODIV INDUSTRIAL, INC. (MDV) filed its Q2 2026 10-Q quarterly report on Aug 11, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $12M (down 1.2% year over year) with net income of $5M.
Q2 2026 key financials · XBRL
- Revenue
- $12M
- −1.2% YoY · −0.1% QoQ
- Net income
- $5M
- +365.8% YoY · +6278.2% QoQ
- Operating margin
- 85.3%
- EPS (diluted)
- $0.45
- +240.6% YoY · +509.1% QoQ
Source: XBRL data from the MODIV INDUSTRIAL, INC. (MDV) Q2 2026 10-Q on SEC EDGAR. USD.
MODIV INDUSTRIAL, INC. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $6.5M vs $(2.6)M YoY; AFFO $4.6M vs $4.8M
- FFO $1.8M vs $4.6M YoY; FFO per share $0.14 vs $0.36
- Industrial core strongest segment: $19.4M rental revenue vs non-core $4.0M for six months
- Cash $21.6M; operating cash flow $7.6M for six months vs $7.0M YoY
- Merger expected mid-August 2026; no further acquisitions planned with $30.0M borrowing capacity available
Risk Factors
- New merger-completion risk triggered by May 3, 2026 GNL agreement, including stockholder approval and tax-opinion conditions
- Merger termination exposure up to $15 million following specified breaches or failure to close
- Regulatory and litigation risk from ten demand letters and two New York stockholder complaints challenging proxy disclosures
- Operational disruption from merger restrictions limiting strategic transactions and significant financing without GNL consent
- Liquidity risk from merger-related litigation potentially affecting cash flows, financial condition, and results of operations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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