Modiv Inc (MDV) - Net Assets
Based on the latest financial reports, Modiv Inc (MDV) has net assets worth $197.71 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($484.28 Million) and total liabilities ($286.57 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MDV tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $197.71 Million |
| % of Total Assets | 40.83% |
| Annual Growth Rate | 100.34% |
| 5-Year Change | -9.16% |
| 10-Year Change | 808.84% |
| Growth Volatility | 3398.24 |
Modiv Inc - Net Assets Trend (2015–2025)
This chart illustrates how Modiv Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Modiv Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Modiv Inc (2015–2025)
The table below shows the annual net assets of Modiv Inc from 2015 to 2025. For live valuation and market cap data, see how much is Modiv Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $202.04 Million | -5.61% |
| 2024-12-31 | $214.05 Million | -4.92% |
| 2023-12-31 | $225.12 Million | -6.60% |
| 2022-12-31 | $241.03 Million | +8.36% |
| 2021-12-31 | $222.43 Million | +16.91% |
| 2020-12-31 | $190.25 Million | -25.17% |
| 2019-12-31 | $254.24 Million | +146.62% |
| 2018-12-31 | $103.09 Million | +30.01% |
| 2017-12-31 | $79.30 Million | +256.69% |
| 2016-12-31 | $22.23 Million | +11370.27% |
| 2015-12-31 | $193.81K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Modiv Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 16809381500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.00K | 0.01% |
| Other Comprehensive Income | $919.00K | 0.56% |
| Other Components | $329.92 Million | 202.72% |
| Total Equity | $162.75 Million | 100.00% |
Modiv Inc Competitors by Market Cap
The table below lists competitors of Modiv Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trisul S.A
SA:TRIS3
|
$185.57 Million |
|
Petrus Resources Ltd
TO:PRQ
|
$185.57 Million |
|
Sif Holding NV
AS:SIFG
|
$185.61 Million |
|
Owens & Minor Inc
NYSE:OMI
|
$185.63 Million |
|
Kao Hsiung Chang Iron & Steel Corp
TW:2008
|
$185.50 Million |
|
Doktas Dokumculuk Ticaret ve Sanayi AS
IS:DOKTA
|
$185.48 Million |
|
LVMC Holdings
KO:900140
|
$185.40 Million |
|
GRAPHENE MANUFACT.GROUP
F:0GF
|
$185.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Modiv Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 190,146,000 to 162,748,000, a change of -27,398,000 (-14.4%).
- Net income of 1,068,000 contributed positively to equity growth.
- Dividend payments of 3,339,000 reduced retained earnings.
- Share repurchases of 7,111,000 reduced equity.
- New share issuances of 2,754,000 increased equity.
- Other comprehensive income decreased equity by 922,000.
- Other factors decreased equity by 19,848,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.07 Million | +0.66% |
| Dividends Paid | $3.34 Million | -2.05% |
| Share Repurchases | $7.11 Million | -4.37% |
| Share Issuances | $2.75 Million | +1.69% |
| Other Comprehensive Income | $-922.00K | -0.57% |
| Other Changes | $-19.85 Million | -12.2% |
| Total Change | $- | -14.41% |
Book Value vs Market Value Analysis
This analysis compares Modiv Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.31x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.88x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $9.69 | $18.19 | x |
| 2016-12-31 | $27.14 | $18.19 | x |
| 2017-12-31 | $31.40 | $18.19 | x |
| 2018-12-31 | $25.61 | $18.19 | x |
| 2019-12-31 | $30.75 | $18.19 | x |
| 2020-12-31 | $17.44 | $18.19 | x |
| 2021-12-31 | $22.77 | $18.19 | x |
| 2022-12-31 | $32.19 | $18.19 | x |
| 2023-12-31 | $19.11 | $18.19 | x |
| 2024-12-31 | $16.99 | $18.19 | x |
| 2025-12-31 | $13.94 | $18.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Modiv Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.30%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.93x
- Recent ROE (0.66%) is above the historical average (-4.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -4.79% | 0.00% | 0.00x | 1.04x | $-28.66K |
| 2016 | -5.72% | -150.60% | 0.02x | 1.86x | $-3.49 Million |
| 2017 | -1.31% | -14.08% | 0.05x | 1.98x | $-8.96 Million |
| 2018 | -2.23% | -13.13% | 0.07x | 2.45x | $-12.60 Million |
| 2019 | -2.17% | -17.82% | 0.05x | 2.41x | $-24.78 Million |
| 2020 | -35.19% | -126.21% | 0.10x | 2.92x | $-63.11 Million |
| 2021 | -0.25% | -1.15% | 0.09x | 2.49x | $-17.62 Million |
| 2022 | -1.36% | -7.50% | 0.10x | 1.89x | $-27.39 Million |
| 2023 | -4.58% | -14.00% | 0.09x | 3.68x | $-21.06 Million |
| 2024 | 3.16% | 12.87% | 0.09x | 2.67x | $-13.00 Million |
| 2025 | 0.66% | 2.30% | 0.10x | 2.93x | $-15.21 Million |
Industry Comparison
This section compares Modiv Inc's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $1,620,017,700
- Average return on equity (ROE) among peers: 3.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Modiv Inc (MDV) | $197.71 Million | -4.79% | 1.45x | $185.52 Million |
| Americold Realty Trust (COLD) | $400.20 Million | -2.90% | 3.10x | $4.15 Billion |
| CubeSmart (CUBE) | $812.15 Million | 0.34% | 0.82x | $9.16 Billion |
| EastGroup Properties Inc (EGP) | $411.51 Million | 4.45% | 1.88x | $10.96 Billion |
| Extra Space Storage Inc (EXR) | $1.93 Billion | 8.91% | 1.06x | $30.93 Billion |
| First Industrial Realty Trust Inc (FR) | $2.75 Billion | 10.46% | 0.92x | $8.33 Billion |
| Granite Real Estate Investment Trust (GRTUF) | $5.48 Billion | 2.84% | 0.69x | $4.09 Billion |
| Innovative Industrial Properties Inc (IIPR) | $73.55 Million | -0.10% | 0.09x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $1.31 Billion | 6.62% | 0.08x | $543.32 Million |
| Lineage, Inc. Common Stock (LINE) | $2.79 Billion | -4.10% | 1.13x | $9.78 Billion |
| LXP Industrial Trust (LXP) | $243.10 Million | 8.78% | 1.70x | $3.10 Billion |
About Modiv Inc
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 in Maryland, USA.