Modiv Industrial (MDV) Shares Outstanding (Diluted) (2020 - 2026)
Modiv Industrial's Shares Outstanding (Diluted) came in at 12.81 million for Q2 2026, up 9.3% from 11.72 million a year earlier and up 7.6% from the prior quarter.
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Analysis
Modiv Industrial (MDV) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, Modiv Industrial's Shares Outstanding (Diluted) was 11.68 million, up 4.4% from FY2024.
- Shares Outstanding (Diluted) has increased in each of the last three years, with a five-year compound annual growth rate of 7.8% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 11.19 million in FY2024 (+48.0%), 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 represents the highest quarterly Shares Outstanding (Diluted) in data going back to Q1 2020.
- Year-over-year, Shares Outstanding (Diluted) has increased for five consecutive quarters, with growth averaging 15.2% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q1 2024 (growth of 50.8%), and the weakest in Q3 2023 (a decline of 25.9%).
- Business Quant data shows MDV's Shares Outstanding (Diluted) at 11.91 million (Q1 2026), 11.68 million (Q4 2025) and 11.79 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 737.96 Mn |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 957.88 Mn |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 326.37 Mn |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 934.66 Mn |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 176.51 Mn |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 497.72 Mn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 220.36 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 | - | 383.88 Mn |
| 10 | Modiv Industrial | 186.34 Mn | 225.21 Mn | - | 12.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.81 Mn |
| Mar 31, 2026 | 11.91 Mn |
| Dec 31, 2025 | 11.68 Mn |
| Sep 30, 2025 | 11.79 Mn |
| Jun 30, 2025 | 11.72 Mn |
| Mar 31, 2025 | 11.32 Mn |
| Dec 31, 2024 | 11.19 Mn |
| Sep 30, 2024 | 10.96 Mn |
| Jun 30, 2024 | 11.42 Mn |
| Mar 31, 2024 | 11.36 Mn |
| Dec 31, 2023 | 7.56 Mn |
| Sep 30, 2023 | 7.55 Mn |
| Jun 30, 2023 | 10.64 Mn |
| Mar 31, 2023 | 7.53 Mn |
| Dec 31, 2022 | 7.49 Mn |
| Sep 30, 2022 | 10.18 Mn |
| Jun 30, 2022 | 10.22 Mn |
| Mar 31, 2022 | 7.53 Mn |
| Dec 31, 2021 | 7.54 Mn |
| Sep 30, 2021 | 8.75 Mn |
API Access
Modiv Industrial Shares Outstanding (Diluted) 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-diluted&ticker=MDV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=MDV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();