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Condensed Consolidated Statements of Equity - USD ($)
Total
Class C Common Stock
Operating Partnership Units
Total Modiv Industrial, Inc. Equity
Preferred Stock
Class C Common Stock ("CS")
Class C Common Stock
Additional Paid-in Capital
Treasury Stock
Cumulative Distributions and Net Losses
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in the Operating Partnership
Noncontrolling Interests in the Operating Partnership
Operating Partnership Units
Beginning balance (in shares) at Dec. 31, 2022         2,000,000              
Beginning balance at Dec. 31, 2022 $ 241,033,960     $ 159,750,904 $ 2,000 $ 7,762 $ 278,339,020 $ (4,161,618) $ (117,938,876) $ 3,502,616 $ 81,283,056  
Beginning balance (in shares) at Dec. 31, 2022           7,762,506            
Beginning balance (in shares) at Dec. 31, 2022               (250,153)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock - distribution reinvestments (in shares)           140,965            
Issuance of common stock - distribution reinvestments 1,708,285     1,708,285   $ 141 1,708,144          
ATM offering of common stock, net     $ 5,175,285                 $ 5,175,285
Stock compensation expense (in shares)           17,455            
Stock compensation expense 235,000     235,000   $ 18 234,982          
OP Units compensation expense 9,555,206     9,555,206     9,555,206          
Repurchase of CS and Class C OP Units (in shares)               (93,357)        
Repurchase of CS and Class C OP Units (1,129,162)     (1,129,162)       $ (1,129,162)        
Dividends declared, preferred stock (2,765,625)     (2,765,625)         (2,765,625)      
Cash distributions declared, CS and Class C OP Units (7,798,407)     (6,501,200)         (6,501,200)   (1,297,207)  
Net (loss) income (6,854,210)     (5,318,758)         (5,318,758)   (1,535,452)  
Other comprehensive income (756,496)     (630,750)           (630,750) (125,746)  
Ending balance (in shares) at Sep. 30, 2023         2,000,000              
Ending balance at Sep. 30, 2023 238,403,836     154,903,900 $ 2,000 $ 7,921 289,837,352 $ (5,290,780) (132,524,459) 2,871,866 83,499,936  
Ending balance (in shares) at Sep. 30, 2023           7,920,926            
Ending balance (in shares) at Sep. 30, 2023               (343,510)        
Beginning balance (in shares) at Jun. 30, 2023         2,000,000              
Beginning balance at Jun. 30, 2023 240,093,257     154,720,206 $ 2,000 $ 7,875 280,815,445 $ (5,290,780) (123,895,028) 3,080,694 85,373,051  
Beginning balance (in shares) at Jun. 30, 2023           7,874,502            
Beginning balance (in shares) at Jun. 30, 2023               (343,510)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock - distribution reinvestments (in shares)           42,230            
Issuance of common stock - distribution reinvestments 552,086     552,086   $ 42 552,044          
Stock compensation expense (in shares)           4,194            
Stock compensation expense 70,000     70,000   $ 4 69,996          
OP Units compensation expense 8,399,867     8,399,867     8,399,867          
Dividends declared, preferred stock (921,875)     (921,875)         (921,875)      
Cash distributions declared, CS and Class C OP Units (2,631,165)     (2,171,210)         (2,171,210)   (459,955)  
Net (loss) income (6,905,242)     (5,536,346)         (5,536,346)   (1,368,896)  
Other comprehensive income (253,092)     (208,828)           (208,828) (44,264)  
Ending balance (in shares) at Sep. 30, 2023         2,000,000              
Ending balance at Sep. 30, 2023 238,403,836     154,903,900 $ 2,000 $ 7,921 289,837,352 $ (5,290,780) (132,524,459) 2,871,866 83,499,936  
Ending balance (in shares) at Sep. 30, 2023           7,920,926            
Ending balance (in shares) at Sep. 30, 2023               (343,510)        
Beginning balance (in shares) at Dec. 31, 2023         2,000,000              
Beginning balance at Dec. 31, 2023 $ 225,121,908     144,443,338 $ 2,000 $ 8,048 292,617,486 $ (5,290,780) (145,551,586) 2,658,170 80,678,570  
Beginning balance (in shares) at Dec. 31, 2023   7,704,600       8,048,110            
Beginning balance (in shares) at Dec. 31, 2023 (343,510)             (343,510)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock - distribution reinvestments (in shares)           109,229            
Issuance of common stock - distribution reinvestments $ 1,610,542     1,610,542   $ 109 1,610,433          
ATM offering of common stock, net (in shares)           233,997            
ATM offering of common stock, net 3,260,959     3,260,959   $ 234 3,260,725          
Exchange for Class C OP Units to common stock (in shares)           1,617,491            
Exchange for Class C OP Units to common stock 0     41,708,333   $ 1,617 41,825,458     (118,742) (41,708,333)  
Stock compensation expense (in shares)           13,258            
Stock compensation expense 210,000     210,000   $ 14 209,986          
OP Units compensation expense 1,311,002     1,311,002     1,311,002          
Repurchase of CS and Class C OP Units (in shares)               (123,809)        
Repurchase of CS and Class C OP Units (11,532,768)     (1,821,141)       $ (1,821,141)     (9,711,627)  
Dividends declared, preferred stock (2,765,625)     (2,765,625)         (2,765,625)      
Cash distributions declared, CS and Class C OP Units (9,554,139)     (8,039,343)         (8,039,343)   (1,514,796)  
Net (loss) income 4,851,323     4,462,974         4,462,974   388,349  
Other comprehensive income (762,059)     (620,166)           (620,166) (141,893)  
Adjustment to noncontrolling interests 0     2,510,056     2,381,845     128,211 (2,510,056)  
Ending balance (in shares) at Sep. 30, 2024         2,000,000              
Ending balance at Sep. 30, 2024 $ 211,751,143     186,270,929 $ 2,000 $ 10,022 343,216,935 $ (7,111,921) (151,893,580) 2,047,473 25,480,214  
Ending balance (in shares) at Sep. 30, 2024   9,554,766       10,022,085            
Ending balance (in shares) at Sep. 30, 2024 (467,319)             (467,319)        
Beginning balance (in shares) at Jun. 30, 2024         2,000,000              
Beginning balance at Jun. 30, 2024 $ 225,695,444     186,981,607 $ 2,000 $ 9,825 337,780,646 $ (5,290,780) (147,660,654) 2,140,570 38,713,837  
Beginning balance (in shares) at Jun. 30, 2024           9,825,586            
Beginning balance (in shares) at Jun. 30, 2024               (343,510)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock - distribution reinvestments (in shares)           35,029            
Issuance of common stock - distribution reinvestments 526,263     526,263   $ 35 526,228          
ATM offering of common stock, net (in shares)           157,006            
ATM offering of common stock, net 2,375,980     2,375,980   $ 157 2,375,823          
Stock compensation expense (in shares)           4,464            
Stock compensation expense 75,000     75,000   $ 5 74,995          
Repurchase of CS and Class C OP Units (in shares)               (123,809)        
Repurchase of CS and Class C OP Units (11,532,768)     (1,821,141)       $ (1,821,141)     (9,711,627)  
Dividends declared, preferred stock (921,875)     (921,875)         (921,875)      
Cash distributions declared, CS and Class C OP Units (3,163,292)     (2,724,649)         (2,724,649)   (438,643)  
Net (loss) income (1,047,736)     (586,402)         (586,402)   (461,334)  
Other comprehensive income (255,873)     (220,038)           (220,038) (35,835)  
Adjustment to noncontrolling interests 0     2,586,184     2,459,243     126,941 (2,586,184)  
Ending balance (in shares) at Sep. 30, 2024         2,000,000              
Ending balance at Sep. 30, 2024 $ 211,751,143     $ 186,270,929 $ 2,000 $ 10,022 $ 343,216,935 $ (7,111,921) $ (151,893,580) $ 2,047,473 $ 25,480,214  
Ending balance (in shares) at Sep. 30, 2024   9,554,766       10,022,085            
Ending balance (in shares) at Sep. 30, 2024 (467,319)             (467,319)