Modiv Industrial (MDV) Shares Outstanding (2016 - 2026)
Modiv Industrial (MDV) posted Shares Outstanding of 10.32 million for Q2 2026, up 2.0% from 10.12 million a year earlier and up 0.1% from the prior quarter.
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Analysis
Modiv Industrial (MDV) Shares Outstanding (2016 - 2026) Analysis & Trends
For FY2025, Modiv Industrial's Shares Outstanding came in at 10.14 million, up 9.2% from FY2024.
- Annual Shares Outstanding has increased for three consecutive years, with a five-year compound annual growth rate of 4.8% (FY2020 to FY2025).
- In prior years, Modiv Industrial's Shares Outstanding was 9.29 million in FY2024 (+22.9%), 7.56 million in FY2023 (+1.0%), 7.49 million in FY2022 (-0.8%) and 7.54 million in FY2021 (-5.8%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding in data going back to Q2 2016.
- On a year-over-year basis, Shares Outstanding has increased in each of the last 13 quarters, with growth averaging 11.8% over the last eight quarters.
- The strongest year-over-year quarter for Shares Outstanding in the past five years was Q2 2024, with growth of 25.3%; the weakest was Q3 2021, with a decline of 6.7%.
- According to Business Quant data, Shares Outstanding for the three prior quarters was 10.31 million (Q1 2026), 10.14 million (Q4 2025) and 10.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 709.73 Mn |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 933.09 Mn |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 326.37 Mn |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 932.31 Mn |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 175.56 Mn |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 489.29 Mn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 210.96 Mn |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 1.09 Bn |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | 374.18 Mn |
| 10 | Modiv Industrial | 186.34 Mn | 225.21 Mn | - | 10.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.32 Mn |
| Mar 31, 2026 | 10.31 Mn |
| Dec 31, 2025 | 10.14 Mn |
| Sep 30, 2025 | 10.20 Mn |
| Jun 30, 2025 | 10.12 Mn |
| Mar 31, 2025 | 9.97 Mn |
| Dec 31, 2024 | 9.29 Mn |
| Sep 30, 2024 | 9.43 Mn |
| Jun 30, 2024 | 9.44 Mn |
| Mar 31, 2024 | 8.57 Mn |
| Dec 31, 2023 | 7.56 Mn |
| Sep 30, 2023 | 7.55 Mn |
| Jun 30, 2023 | 7.53 Mn |
| Mar 31, 2023 | 7.53 Mn |
| Dec 31, 2022 | 7.49 Mn |
| Sep 30, 2022 | 7.45 Mn |
| Jun 30, 2022 | 7.48 Mn |
| Mar 31, 2022 | 7.53 Mn |
| Dec 31, 2021 | 7.54 Mn |
| Sep 30, 2021 | 7.53 Mn |
API Access
Modiv Industrial Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=MDV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "MDV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=MDV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();