Modiv Industrial Inc. Class C Common Stock (MDV)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I start with what I know: Modiv Industrial is an internally managed REIT owning single-tenant net-lease industrial manufacturing properties. It is tiny, with a $165.3M market cap and nine employees. The model can be durable if leases are long and tenants pay, but single-tenant net lease concentrates risk; one vacancy or tenant failure matters. I want FFO/AFFO, the true REIT yardsticks, but they are not in the data. Because REIT depreciation distorts EPS and P/E, I do not use the Graham Number or a margin of safety here. So I lean on dividend yield, leverage, revenue trend, and price-to-book. At the 2026-08-11 close of $18.05, FairStock calculates P/B of 1.17—modest, not a bargain. The dividend yield is 6.59%, attractive if covered, and trailing free cash flow is $15.6M, a 9.4% FCF yield. But revenue growth is -0.76% and profit growth is -113.63%; ROE is -0.28% and ROCE is 2.54%. In the latest reported quarter, fiscal Q2 2026, revenue was $11.7M and net income was $5.4M, a 45.96% margin—strong, but the trend is weak. The balance sheet shows D/E of 1.38 and an Altman Z-Score of -0.60, signs of leverage and distress risk. Piotroski is 7/9, a positive accounting signal. P/E is 50.14 on EPS of $0.36, so earnings-based valuation looks expensive. Beta is -0.08. FairStock Score is 44/100. No Lynch category is assigned because only 0 years of filed results exist, versus 3 needed. This is a small income REIT with limited margin of safety until FFO, AFFO, lease maturities, tenant credit, and debt terms are visible.

In plain English: Modiv Industrial owns single-tenant industrial manufacturing buildings and leases them to businesses. The company pays a high dividend and produces cash, but revenue is flat to slightly down, profits have weakened, and debt is high. At $18.05, the price looks expensive compared with reported profits but not far above the value of its net assets.

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Data as of 2026-08-11 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer