Modiv Industrial (MDV-PA) Operating Expenses (2016 - 2026)
Modiv Industrial (MDV-PA) posted Operating Expenses of $7.5 million for Q1 2026, down 11.1% sequentially from $8.4 million in Q4 2025, and up 5.01% YoY from $7.1 million in Q1 2025.
Modiv Industrial (MDV-PA) Operating Expenses (2016 - 2026) Analysis & Trends
Modiv Industrial has reported Operating Expenses for 11 years, with the latest figure at $7.5 million in Q1 2026.
- Quarterly Operating Expenses rose 5.01% year-over-year to $7.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $33.4 million (up 24.86% YoY) and the FY2025 annual result came in at $33.1 million, up 17.58% from the prior year.
- Operating Expenses eased to $7.5 million in Q1 2026 per MDV-PA's latest filing, from $8.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $27.0 million in Q1 2022 and troughed at $6.3 million in Q2 2024.
- A 5-year average of $9.7 million and a median of $7.7 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 148.69% in 2022, then slumped 59.04% in 2023.
- Over 5 years, Operating Expenses stood at $10.9 million in 2022, then decreased by 21.41% to $8.5 million in 2023, then dropped by 25.15% to $6.4 million in 2024, then jumped by 31.8% to $8.4 million in 2025, then retreated by 11.1% to $7.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $7.5 million, $8.4 million, and $6.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.96 Bn | 131.96 Bn | 2.41 Bn | 1.47 Bn |
| 2 | Public Storage | 56.63 Bn | 56.37 Bn | 1.20 Bn | 766.20 Mn |
| 3 | Extra Space Storage | 30.94 Bn | 30.94 Bn | 642.43 Mn | 481.97 Mn |
| 4 | Eastgroup Properties | 10.77 Bn | 10.77 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.48 Bn | 9.42 Bn | 425.00 Mn | 1.31 Bn |
| 6 | CubeSmart | 9.27 Bn | 9.27 Bn | 190.47 Mn | 169.10 Mn |
| 7 | Rexford Industrial Realty | 8.33 Bn | 8.33 Bn | - | 143.39 Mn |
| 8 | Terreno Realty | 7.24 Bn | 7.24 Bn | - | 72.62 Mn |
| 9 | STAG Industrial | 7.00 Bn | 7.00 Bn | - | 141.27 Mn |
| 10 | Modiv Industrial | 259.85 Mn | 298.71 Mn | - | 9.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.26 Mn |
| Mar 31, 2026 | 7.50 Mn |
| Dec 31, 2025 | 8.44 Mn |
| Sep 30, 2025 | 6.84 Mn |
| Jun 30, 2025 | 10.67 Mn |
| Mar 31, 2025 | 7.14 Mn |
| Dec 31, 2024 | 6.40 Mn |
| Sep 30, 2024 | 6.93 Mn |
| Jun 30, 2024 | 6.32 Mn |
| Mar 31, 2024 | 8.50 Mn |
| Dec 31, 2023 | 8.55 Mn |
| Sep 30, 2023 | 15.58 Mn |
| Jun 30, 2023 | 7.74 Mn |
| Mar 31, 2023 | 11.05 Mn |
| Dec 31, 2022 | 10.88 Mn |
| Sep 30, 2022 | 7.40 Mn |
| Jun 30, 2022 | 7.41 Mn |
| Mar 31, 2022 | 26.97 Mn |
| Dec 31, 2021 | 13.49 Mn |
| Sep 30, 2021 | 10.98 Mn |