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Modiv Inc. (MDV) 10-Year Financial Performance & Capital Metrics

MDV • • REIT / Real Estate
Real EstateDiversified REITsSingle-Tenant Net Lease REITsSpecialized Net Lease Focus
AboutModiv Inc., (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases. The Company's goal is to generate current income for investors and long-term capital appreciation in the value of its properties.Show more
  • Revenue $47M -1.0%
  • FFO $23M +153.1%
  • FFO/Share 2.02 +71.0%
  • FFO Payout 16.3% -82.1%
  • FFO per Share 2.02 +71.0%
  • NOI Margin 92.27% +3.6%
  • FFO Margin 48.37% +155.7%
  • ROE 2.74% +196.6%
  • ROA 1.16% +186.3%
  • Debt/Assets 55.12% +4.6%
  • Net Debt/EBITDA 6.96 -54.3%
  • Book Value/Share 19.13 -35.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Sustainable FFO payout ratio of 16.3%
  • ✓High NOI margin of 92.3%
  • ✓Healthy dividend yield of 2.2%
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗FFO declining 15.4% TTM
  • ✗Shares diluted 48.0% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y13.54%
3Y7.26%
TTM-0.03%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-55.48%

EPS CAGR

10Y-
5Y-
3Y-
TTM-69.97%

ROCE

10Y Avg2.38%
5Y Avg3.09%
3Y Avg3.6%
Latest8.48%

Peer Comparison

Specialized Net Lease Focus
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MDVModiv Inc.152.38M14.8370.62-1%2.97%0.69%11.97%1.31
GOODGladstone Commercial Corporation560.97M11.5944.581.22%13.59%11.4%10.15%4.07
EPRTEssential Properties Realty Trust, Inc.6.05B30.5426.5625.03%45.25%6.25%5.1%0.60
GIPRGeneration Income Properties, Inc.4.01M0.74-0.4827.91%-103.22%-35.52%25.5%2.14
PKSTPeakstone Realty Trust514.7M13.99-48.24-10.31%-153.27%-38.42%18.39%1.25

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+0844.53K7.36M17.48M24.78M38.94M37.89M43.82M47.23M46.76M
Revenue Growth %--7.71%1.37%0.42%0.57%-0.03%0.16%0.08%-0.01%
Property Operating Expenses01.27M5.64M13.12M8.18M7M6.88M6.55M5.16M3.61M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+9.28K1.34M4.36M8.42M2.38M10.4M32.54M32.35M39.46M21.17M
G&A Expenses9.28K-2002.38M10.4M12.46M10.21M17.81M7.93M
EBITDA+02.08M10.12M21.79M23.52M37.76M13.73M19.86M18.16M38.58M
EBITDA Margin %----------
Depreciation & Amortization+9.28K1.57M6.96M14.7M9.3M16.22M15.27M14.93M15.55M16.6M
D&A / Revenue %----------
Operating Income+-9.28K510.39K3.17M7.09M14.22M21.54M-1.53M4.93M2.61M21.98M
Operating Margin %----------
Interest Expense+0395.11K1.64M5.58M7.38M07.59M8.11M17.5M19.38M
Interest Coverage-1.29x1.93x1.27x1.93x--0.20x0.61x0.15x1.13x
Non-Operating Income0139.57K2.76M7.97M9.85M17.59M-8.83M1.82M-6.2M-3.89M
Pretax Income+-9.28K-215.04K3.57M9.86M-4.42M-49.14M-435.5K-4.51M-8.7M6.49M
Pretax Margin %----------
Income Tax+0-725.43K403.41K2.78M000000
Effective Tax Rate %----------
Net Income+-9.28K-1.27M-1.04M-2.3M-4.42M-49.14M-435.5K-3.29M-6.61M6.02M
Net Margin %----------
Net Income Growth %--136.08%0.19%-1.22%-0.92%-10.13%0.99%-6.55%-1.01%1.91%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %--18.86%1.1%-0.61%-7.74%1.45%-0.22%-0.23%1.53%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-0.46-1.55-0.41-0.57-1.90-6.14-0.20-0.93-1.360.21
EPS Growth %--2.37%0.74%-0.39%-2.33%-2.23%0.97%-3.65%-0.46%1.15%
EPS (Basic)-0.46-1.55-0.41-0.57-1.90-6.14-0.20-0.93-1.360.25
Diluted Shares Outstanding20K819.01K2.52M4.03M6.62M8.01M7.54M7.49M7.56M11.19M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+200.81K137.5K12.89M252.43M490.92M407.45M428.49M454.43M530.9M507.83M
Asset Growth %--0.32%92.78%18.58%0.94%-0.17%0.05%0.06%0.17%-0.04%
Real Estate & Other Assets+0-41.3M-157.07M-252.43M405.44M331.65M302M419.01M479.55M444.75M
PP&E (Net)029.33M128.09M210.1M2.39M00540.55K1.35M153K
Investment Securities01000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Current Assets+200.81K4.88M6.63M12.92M13.16M42.53M98.54M23.02M27.59M52.36M
Cash & Equivalents200.81K3.68M4.18M8.76M6.82M8.25M55.97M8.61M3.13M11.53M
Receivables0114.32K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets01.33M2.12M3.85M-1.75M-1.5M-232.03K-2.25M00
Intangible Assets03.57M7.83M15.13M8.95M5.95M691.02K1.85M1.31M1.24M
Total Liabilities6K199.12K55.19K6.01M236.68M217.2M206.06M213.4M305.77M293.78M
Total Debt+01.09M1.14M334.4K209.89M191.54M184.08M196.01M279.73M279.9M
Net Debt-200.81K-2.58M-3.04M-8.42M203.06M183.29M128.11M187.41M276.6M268.38M
Long-Term Debt0000194.04M185.53M173.92M44.44M31.03M30.78M
Short-Term Borrowings00001000K1000K1000K1000K1000K1000K
Capital Lease Obligations00002.89M5.16K2.13M561.06K187K129K
Total Current Liabilities+6K10.4M13.89M12.81M24.13M17.36M18.12M158.22M265.21M254.93M
Accounts Payable082.2K244.43K227.79K660.11K1.14M1.77M1M561K365K
Deferred Revenue0-25.69M-123.72M-262.46M1.96M2.03M1.74M1.87M2.08M2.03M
Other Liabilities000015.61M14.31M11.89M10.17M9.34M7.95M
Total Equity+193.81K55.05M226.96M377.97M254.24M190.25M222.43M241.03M225.12M214.05M
Equity Growth %-283.01%3.12%0.67%-0.33%-0.25%0.17%0.08%-0.07%-0.05%
Shareholders Equity193.81K41.3M157.07M252.43M203.64M139.65M171.83M159.75M144.44M190.15M
Minority Interest013.74M69.89M125.55M50.6M50.6M50.6M81.28M80.68M23.9M
Common Stock202.46K8.84K12.96K14.09M7.37M7.49K7.76K8K10K
Additional Paid-in Capital199.98K23.64M85.32M119.25M220.71M224.29M273.44M278.34M292.62M349.48M
Retained Earnings-6.18K22.43M79.3M109.09M-31.17M-92.01M-101.62M-117.94M-145.55M-154.07M
Preferred Stock0000002K2K2K2K
Return on Assets (ROA)-0.05%-7.52%-0.16%-0.02%-0.01%-0.11%-0%-0.01%-0.01%0.01%
Return on Equity (ROE)-0.05%-0.05%-0.01%-0.01%-0.01%-0.22%-0%-0.01%-0.03%0.03%
Debt / Assets-7.95%0.09%0%0.43%0.47%0.43%0.43%0.53%0.55%
Debt / Equity-0.02x0.01x0.00x0.83x1.01x0.83x0.81x1.24x1.31x
Net Debt / EBITDA--1.24x-0.30x-0.39x8.64x4.85x9.33x9.44x15.23x6.96x
Book Value per Share9.6967.2189.9293.8938.3923.7629.4832.1929.7819.13

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.22K-262.83K2.36M4.68M4.75M5.58M9.73M16.65M16.58M18.24M
Operating CF Growth %--215.91%9.98%0.98%0.01%0.17%0.74%0.71%-0%0.1%
Operating CF / Revenue %----------
Net Income-9.28K-1.27M-1.04M-2.3M-4.42M-49.14M-435.5K-4.51M-8.7M6.49M
Depreciation & Amortization0510.39K3.17M7.09M9.3M16.22M13.93M13.92M14.74M15.75M
Stock-Based Compensation098K163K167.84K372.5K712.22K2.74M2.4M11.17M1.59M
Other Non-Cash Items0792.76K3.42M13.52M-609.87K-504.71K-3.39M5.15M-64K-5.52M
Working Capital Changes10.5K374.62K1.96M308.14K-1.51M-3.57M-3.12M-314.9K-575K-68K
Cash from Investing+0-37.16M-115.63M-92.02M-29.6M24.78M21.83M-61.06M-93.6M8.39M
Acquisitions (Net)0000270.05K18.8K0000
Purchase of Investments0-37.13M-111.04M-87.49M-3.49M-18.8K00-811.81K0
Sale of Investments00001000K1000K084.45K0652K
Other Investing0-28.57K28.57K-100K-21.5M17.8M22.03M-61.15M-92.79M7.74M
Cash from Financing+300K40.89M113.78M91.91M23.03M-28.91M18.47M-5.38M71.54M-18.23M
Dividends Paid0-46.16K-731.21K-1.66M-4.02M-5.02M-3.47M-11.07M-11.84M-14.13M
Common Dividends0-46.16K-731.21K-1.66M-4.02M-5.02M-3.47M-7.24M-8.16M-3.69M
Debt Issuance (Net)01000K1000K1000K1000K-1000K-1000K1000K1000K-281K
Share Repurchases0-83.84K-2.47M-8.69M-12.15M-17.58M-19.08M-4.16M-1.13M-11.53M
Other Financing300K33.76M-700-550-2.32M9.82M-1.8M-4.75M00
Net Change in Cash+301.22K3.48M505.38K4.57M-1.82M1.44M50.03M-49.8M-5.48M8.4M
Exchange Rate Effect0000000000
Cash at Beginning0200.81K3.68M4.18M8.76M6.94M8.38M58.41M8.61M3.13M
Cash at End301.22K3.68M4.18M8.76M6.94M8.38M58.41M8.61M3.13M11.53M
Free Cash Flow+1.22K-262.83K-2.26M249.17K-1.15M5.01M9.53M16.65M16.58M18.24M
FCF Growth %--215.91%-7.6%1.11%-5.61%5.36%0.9%0.75%-0%0.1%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share00.362.353.080.74-4.111.971.551.182.02
FFO Payout Ratio-15.49%12.35%13.35%82.29%-15.25%23.42%62.2%91.26%16.3%
NOI Margin--50.68%23.42%24.95%66.98%82.02%81.84%85.06%89.07%92.27%
Net Debt / EBITDA--1.24x-0.30x-0.39x8.64x4.85x9.33x9.44x15.23x6.96x
Debt / Assets-794.58%8.88%0.13%42.75%47.01%42.96%43.13%52.69%55.12%
Interest Coverage-1.29x1.93x1.27x1.93x--0.20x0.61x0.15x1.13x
Book Value / Share9.6967.2189.9293.8938.3923.7629.4832.1929.7819.13
Revenue Growth--771.49%137.45%41.78%57.13%-2.69%15.66%7.79%-1%

Frequently Asked Questions

Valuation & Price

Modiv Inc. (MDV) has a price-to-earnings (P/E) ratio of 70.6x. This suggests investors expect higher future growth.

Growth & Financials

Modiv Inc. (MDV) reported $47.5M in revenue for fiscal year 2024.

Modiv Inc. (MDV) saw revenue decline by 1.0% over the past year.

Yes, Modiv Inc. (MDV) is profitable, generating $1.4M in net income for fiscal year 2024 (12.9% net margin).

Dividend & Returns

Yes, Modiv Inc. (MDV) pays a dividend with a yield of 2.22%. This makes it attractive for income-focused investors.

Modiv Inc. (MDV) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.

Industry Metrics

Modiv Inc. (MDV) generated Funds From Operations (FFO) of $16.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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