Modiv Industrial (MDV) Operating Expenses (2016 - 2026)
Modiv Industrial (MDV) reported Operating Expenses of $7.5 million for Q1 2026, up 5.01% on a YoY basis from $7.1 million in Q1 2025, and down 11.1% sequentially from $8.4 million in Q4 2025.
Modiv Industrial (MDV) Operating Expenses (2016 - 2026) Analysis & Trends
Modiv Industrial (MDV) has 11 years of Operating Expenses data on file, last reported at $7.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.01% year-over-year to $7.5 million; the trailing twelve-month figure through Mar 2026 stood at $33.4 million (up 24.86% YoY), and the FY2025 full-year result was $33.1 million, up 17.58% from the prior year.
- Operating Expenses eased to $7.5 million in Q1 2026, from $8.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $27.0 million in Q1 2022 to a low of $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.
- Across the five-year window, Operating Expenses surged 148.69% in 2022 and plunged 59.04% in 2023, its largest moves.
- Tracing MDV's Operating Expenses over 5 years: stood at $10.9 million in 2022, then declined by 21.41% to $8.5 million in 2023, then retreated by 25.15% to $6.4 million in 2024, then jumped by 31.8% to $8.4 million in 2025, then dropped by 11.1% to $7.5 million in 2026.
- Business Quant data shows MDV's Operating Expenses at $7.5 million in Q1 2026, $8.4 million in Q4 2025, and $6.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 136.72 Bn | 136.72 Bn | 2.24 Bn | -6.26 Bn |
| 2 | Public Storage | 56.92 Bn | 56.79 Bn | 1.18 Bn | 743.46 Mn |
| 3 | Extra Space Storage | 31.35 Bn | 31.35 Bn | 617.72 Mn | 488.47 Mn |
| 4 | Eastgroup Properties | 11.31 Bn | 11.31 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.72 Bn | 9.65 Bn | 417.00 Mn | 1.26 Bn |
| 6 | CubeSmart | 9.62 Bn | 9.62 Bn | 191.86 Mn | 168.70 Mn |
| 7 | Rexford Industrial Realty | 8.86 Bn | 8.81 Bn | - | 144.62 Mn |
| 8 | STAG Industrial | 7.76 Bn | 7.76 Bn | - | 140.20 Mn |
| 9 | Terreno Realty | 7.66 Bn | 7.66 Bn | - | 73.75 Mn |
| 10 | Modiv Industrial | 183.27 Mn | 183.27 Mn | - | 7.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 10.25 Mn |