On this page of Benford's Law Stocks.com we present our study of Modiv Industrial, Inc. — ticker symbol MDV. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 11/12/2019 to 8/5/2024 for Modiv Industrial, Inc. under CIK number 0001645873. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for MDV, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Modiv Industrial, Inc. based on the past MDV filings our system processed in the past.
30.6
17.5
10.3
10.5
9.3
4.8
5.7
5.3
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 1,114
Recent share count: 9,453,005 (9's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
1114
High count compared to other filers, with MDV falling in the highest quartile of filers. At this number count, it would take about 11 numbers to move any given column by a full percentage point.
83

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted point upon observing the 6's percentage was below the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 9, we canceled the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
MDV
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
IT
LCII
MPW
NSP
KBH
MAC
MEG
NC
Check our work! We provide our Modiv Industrial, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the MDV filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 341 numbers that start with the digit 1. Here they are:
104,858,693
104,858,693
15,707,458
15,707,458
10,053,931
11,557,689
18,869,651
16,064,411
12,794,568
1,276,959
1,313,959
11,038,658
103,337
12,174,979
100,000,000
147,660,654
145,551,586
186,981,607
144,443,338
11,343,521
11,836,563
131,986
131,987
11,409,514
11,902,556
1,418,893
1,597,776
1,446,002
1,320,339
1,527,868
1,678,025
14,812,350
18,788,714
11,751,530
197,883
113,328
148,065
128,340
179,931
1,261,736
166,556
1,324,917
1,843,750
1,843,750
1,626,162
11,419,115
10,638,311
11,389,106
1,261,736
1,008,643
166,556
106,058
107,054
1,115,697
145,342,118
187,999,256
1,015,931
12,819
1,028,801
1,028,801
1,324,917
1,324,917
1,261,736
1,270
147,660,654
186,981,607
124,790,431
153,863,522
1,079,480
1,079,480
1,079,480
123,895,028
154,720,206
145,551,586
144,443,338
1,035,821
1,035,895
1,035,895
1,617,491
1,617
118,742
134,991
135,000
135,000
1,311,002
1,311,002
1,311,002
1,843,750
1,843,750
1,843,750
1,076,153
106,058
1,270
147,660,654
186,981,607
117,938,876
159,750,904
1,156,100
1,156,199
1,156,199
13,261
14
164,986
165,000
165,000
1,155,339
1,155,339
1,155,339
1,129,162
1,129,162
1,129,162
1,843,750
1,843,750
1,843,750
166,556
123,895,028
154,720,206
1,446,002
1,320,339
177,140
1,986,415
148,065
128,340
124,414
156,188
144,778
14,782,626
1,000,000
1,687,800
10,815
14,220,594
100,000,000
117,367
153,653
1,129,162
1,843,750
1,843,750
15,740,237
1,303,461
18,869,651
10,361,454
11,038,658
17,704,879
1,084,281
1,161,894
11,557,689
103,337
100,000,000
1,137,028
100
15,000,000
1,129,162
12.10
15
100,732,471
1,831,121
1,946,695
163,230
15,025,000
14,782,626
12.9
12.7
1,663,589
14.7
1,609,584
13.6
1,194,117
10.5
1,298,205
11.0
14.3
12.7
10.7
11.7
19,110,469
15,707,458
1,559,546
14,364,650
15,707,458
1,559,546
14,364,650
11,222,541
10,715,945
1,276,959
1,313,959
1,816,698
1,006,414
1,276,959
14,590,062
1,779,156
11,557,689
103,337
11,661,026
1,407,500
1,432,500
10,053,931
148,065
128,340
124,414
12,491,714
12,642,798
15,204,800
15,298,599
13,281,234
13,827,439
1,382,492
1,343,195
198,587
189,118
128,800
131,938
102,064
100,087
178,127
11,038,658
13
11
13
12,000,000
12.0
13
171,444
15,583,731
12,474,137
107,635
166,875
16,064,411
12,794,568
1,897,285
1,352,355
1,352,355
1,000,000
152,885
174,919
1,202,115
1,611,816
162,065
186,688
18,732,633
18,850,000
12,350,000
12,350,000
155,289
169,759
150,000,000
100,000,000
100,000,000
101,181
10
185
189,583
188,458
150,000,000
100,000,000
165,101
165,101
155,289
1,246,309
1,401,598
14,470
14,470
103,403
189,583
1,634,702
1,401,716
1,639,768
1,229
1,815,737
1,041,304
12,503
136,419
109,024
179,931
150,000,000
100,000,000
150,000,000
1,639,768
100,000,000
1,229
1,815,737
1,041,304
150,000,000
100,000,000
1
1
150,000,000
1,639,768
150,000,000
100,000,000
1,229
1,815,737
1,041,304
1.84375
1.84375
1,137,028
1.15
120,000
135,000
135,000
165,000
127,500
150,000
13,261
131,986
131,987
1.666667
1,096,583
1.666667
143,333
1,030,322
1,980,823
1,019,522
1
1,222,219
177,567
135,000
165,000
1,446,002
1,320,339
1,312,382
1,041,338
166,556
1,261,736
166,556
1,843,750
1,843,750
1,626,162
1,261,736
1,843,750
1,843,750
1,792,718
1,977,630
11,419,115
10,638,311
11,389,106
1.15
123,809
14.80
11,544,000
1,000,000
10.59
We found 195 numbers that start with the digit 2. Here they are:
2,730,521
2,970,733
248,753,691
248,508,515
2,018,679
248,727
293,836,214
2,000,000
2,000
2,000
292,617,486
2,140,570
2,658,170
225,695,444
225,121,908
23,244,088
22,147,745
23,376,074
22,279,732
216,841
270,535
20,574
217,588
22
22
2875
2875
253,093
253,093
248,038
204,334
2,000,000
2,000
2,335,701
228,337,228
2,721,578
2,721,578
209,220
209,220
253,093
2,000,000
2,000
2,140,570
225,695,444
2,000,000
2,000
279,565,984
254,618
233,915,941
2,163,032
2,163,032
2,622,987
208,752
208,752
253,093
2,000,000
2,000
280,815,445
240,093,257
2,000,000
2,000
292,617,486
2,658,170
225,121,908
2,000,000
2,000
2,140,570
225,695,444
2,000,000
2,000
278,339,020
250,153
241,033,960
217,588
217,588
2,000,000
2,000
280,815,445
240,093,257
2,755,717
2,588
20,574
210,119
214,150
205,153
29,338
2,324,752
248,727
2,000,000
25
200,000,000
23,205
252,051
204,334
2,420,138
2,822,448
2,485,199
2,590,056
282,587
245,587
248,727
248,727
28,650,000
25,300,000
200,000
27.3
240,543
28,048,935
28,563,746
27,050
28,486,034
29,126,038
2,294,619
2,367,812
287,989
28,486,034
29,126,038
259,846
255,906
230,864
232,025
258,402
263,263
203,638
2,400,000
2,400,000
2,794,597
28
2,400,000
2,794,597
28
2,623,153
212,796
2,158,333
237,095
2,076,300
248,753,691
248,508,515
279,681,035
279,538,756
27,870,041
27,999,621
250,000,000
25
2.258
250,000,000
250,608,230
28,534,449
28,534,449
250,000,000
281,082,633
248,753,691
279,681,035
289,639
214,260
214,261
2,475,801
253,093
253,093
238,506
2.258
2
250,000,000
2
250,000,000
250,000,000
2
2,730,521
2,970,733
240,212
253,093
2,583,766
2,000,000
2,000,000
25
25
25
2.00
25
2.34375
25
25
200,000,000
23,205
252,051
2875
255,000
2,540,236
2,439,098
2.500000
2,386,287
22
22
2,962,447
2.85
We found 115 numbers that start with the digit 3. Here they are:
399,880,932
399,666,781
3,129,414
30,927,344
31,030,241
3,728,094
305,773,922
300,000,000
337,780,646
343,510
38,713,837
3,418,294
3,505,831
3,956,334
3,234,712
3,499,438
3,187,806
3,491,018
321,722
3,838,861
3,830,814
3,439,986
3,980,310
3,058,435
3,205,626
36
35
36
3,771,558
336,284,720
343,510
36,626
36
3,285,986
337,780,646
343,510
38,713,837
3,289,446
3,980,310
3,980,310
343,510
3,080,694
343,510
337,780,646
343,510
38,713,837
3,502,616
343,510
3,080,694
3,093,868
390,426
392,184
3,499,438
3,187,806
302,997
3,000,000
3,981,704
3,129,414
347,371
300,000,000
38
3
3,771,558
3,178,860
3,187,806
3,499,438
3,328,295
37,382,337
34,239,475
33,872,306
34,130,325
36,999
325,000
300,000
300,000
3.86
378,847
30,000,000
3.80
313,805
359,605
358,777
3,728,094
30,927,344
31,030,241
3.85
31,082,633
31,200,000
30,927,344
31,030,241
31,082,633
30,927,344
31,200,000
31,030,241
3.44
31,082,633
30,927,344
346,289
3,997,973
3,305,434
3,838,861
3.440
3,502,616
300,000
335,207
36,790
316,343
3,058,435
3,205,626
339,861
3,708,078
3,106,205
36
35
36
4's 5's 6's
We found 117 numbers that start with the digit 4. Here they are:
4,429,000
4,429,000
465,704,441
473,760,320
475,361,227
483,814,251
475,361,227
495,371,940
4,173,221
4,469,508
473,348
4,136,528
4,160,408
4,955
4,103,350
4,513
4,513
469,545
4,629,953
403,042
41
4,629,953
4,376,860
452,372
43,873
44,341
4,649,248
40,337,972
489,898
489,934
489,934
4,774
43,873
4,211,300
46,062
46
459,955
4,629,953
44,341
41,825,458
41,708,333
41,708,333
400,128
400,128
4,161,618
4,329,990
4,329,990
421,922
421,922
442,992
423,198
421,576
41,913,864
450,000,000
4.5
42
4,000,000
432,083
4,277,744
475,361,227
42
4,840,277
4,484,917
4,991,513
460,198
466,644
449,972
429,885
4,276,970
4,484,917
4,811,529
410,049
482,653
418,467
400,781
458,433
445,024
462,040
441,390
42,000,000
4,513
4,173,221
469,409
4,469,508
4.85
400,000,000
48
4.058
47
47
471,092
4,512,932
428,521
428,522
495,750
4,103,350
495,750
4.53
4.53
473,348
473,348
495,750
4,105,103
460938
4,000,000
432,083
4,774
47,984
47,984
488,886
488,887
432,402
4,629,953
403,042
4,629,953
4,055,309
41
We found 104 numbers that start with the digit 5. Here they are:
524,876,083
524,661,932
59,171,642
50,901,612
5,228,889
519,531,658
530,895,830
50,000,000
5,290,780
5,290,780
519,531,658
530,895,830
5,092,550
5,852,471
5,899,059
51,032
5,049,376
5750
5750
5,899,059
51,032
506,186
503,404
5,392,873
5,290,780
51,381
51
5
564,408
5,290,780
589,297
589,343
589,343
5,175,285
5,175,285
5,500
577,670
577,670
577,670
5,290,780
5,290,780
5,314,694
5,314,694
5,049,376
5,049,376
5,899,059
506,186
5,290,780
5,175,285
5,175,285
5,167,242
51,032
503,404
5,290,780
5,899,059
51,032
545,210
5,101,416
5,148,297
59,413,212
5,175,284
50,000,000
50,000,000
5
513,158,472
5,956,244
5,496,046
506,587
54,278
54,278
54,278
50
58,718
545,210
519,671
522,958
5.00
565,316
5,228,889
562,647
5.240
557,211
557,211
582,154
582,154
506,186
503,404
50
506,186
503,404
511,747
50,000,000
50,000,000
5750
5,500
56,029
56,592
569,333
5,899,059
51,032
5,899,059
51,032
5,125,000
5,183,443
We found 54 numbers that start with the digit 6. Here they are:
65,993
65,993
67,500
660,170
694,043
6,316,964
6,410,499
63,181
649,643
63,181
649,643
605,302
67,495
67,500
67,500
63,181
6
649,643
6,390,847
652,118
6,177,556
6,632,661
68
66,794,637
67,325,569
671,893,384
689,297
677,049
656,631
652,118
608,230
635,488
635,488
693,431
6,386,909
6,410,499
602,487
60,000
67,500
67,500
65,993
65,993
657,950
647,525
67,500
67,500
660,170
656,191
63,181
649,643
63,181
649,643
656,191
6,400,000
7's 8's 9's
We found 64 numbers that start with the digit 7. Here they are:
7.375
7,704,600
7,228,394
7,742,148
74,211
72,773
7,532,106
7,532,080
7,532,080
743,625
77,398
76,128
76,128
7,822,940
7,823
7,874,502
7,875
74,200
74
76,991
77
77,398
76,128
76,128
7,762,506
7,762
7,874,502
7,875
7,228,394
739,322
7,697,199
7,289,108
70
7.375
75
72.7
76,991
76,000
7,075,000
7,033,680
7,950,000
7,748,946
70,712
74,211
72,773
72.7
72.7
72.7
79,639
748,662
750,000,000
7.2250
7,235
7,235
7.375
7.375
7.375
76,991
761,376
790,858
733,332
7,532,106
7,532,080
7,532,080
We found 59 numbers that start with the digit 8. Here they are:
8,408,406
8,868,604
8,048,110
8,048
80,678,570
8,270,029
849,683
849,683
81,482
80,052,419
82,494
82,500
82,500
88,892
85,373,051
8,048,110
8,048
80,678,570
8,794
849,683
81,283,056
837,252
81,482
85,373,051
8,270,029
81,200
884,977
89,891,731
8,608,649
83
884,977
802,474
87,230
8,946
8,408,406
8,868,604
815,131
8,408,406
888,104
82,981
8,612
804,364
808,168
804,364
808,168
804,364
808,168
884,977
82,500
8,794
8,079,000
88,783
88,784
88,783
82,500
809,699
849,683
849,683
8.00
We found 65 numbers that start with the digit 9. Here they are:
9,494,401
9,656,786
9,825,586
9,482,076
9,825
921,875
921,875
9,441,485
9,002,819
9,732,805
9,733
921,875
921,875
921,875
9,825,586
9,825
921,875
921,875
921,875
933,286
933,363
933,363
9
9,825,586
9,825
98,735
99
93,357
965,513
93,757,187
95,877,378
9,912,110
97
93,357
920,395
920,395
920,395
910,053
9,656,786
920,452
901,805
9.5
94,791
943,032
9,020,226
94,791
987,262
987,262
987,262
9.375
921,875
921,875
95,967
95,968
93,382
961,301
977,772
921,875
921,875
921,875
921,875
9,441,485
9,002,819
921,875
921,875
While the above MDV 10Q Filed 8/5/2024 is interesting in isolation, we have found that it is also useful to take a look at older Modiv Industrial, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 8/5/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical MDV 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

30.6
17.5
10.3
10.5
9.3
4.8
5.7
5.3
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 1,114

= Typical MDV range from 11/12/2019 to 8/5/2024
29.8
17.0
10.2
11.1
8.5
6.4
7.9
3.7
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 1,409

= Typical MDV range from 11/12/2019 to 8/5/2024
30.3
18.2
14.2
11.9
5.8
5.5
6.4
3.7
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,683

= Typical MDV range from 11/12/2019 to 8/5/2024
30.4
17.5
11.7
11.6
6.5
5.1
7.3
4.6
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,054

= Typical MDV range from 11/12/2019 to 8/5/2024
28.0
15.5
13.0
11.1
7.7
7.8
6.9
4.6
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 1,292

= Typical MDV range from 11/12/2019 to 8/5/2024
31.8
17.1
12.1
9.5
9.1
6.4
4.7
4.0
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,460

= Typical MDV range from 11/12/2019 to 8/5/2024
30.4
16.2
14.2
9.5
7.0
6.0
6.2
5.6
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 4,083

= Typical MDV range from 11/12/2019 to 8/5/2024
26.0
19.4
12.5
11.2
7.7
5.1
6.0
5.7
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 819

= Typical MDV range from 11/12/2019 to 8/5/2024
30.6
16.6
9.1
11.1
9.2
5.6
7.8
4.1
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 1,395

= Typical MDV range from 11/12/2019 to 8/5/2024
29.3
17.6
12.5
11.2
7.1
6.8
6.9
3.7
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,469

= Typical MDV range from 11/12/2019 to 8/5/2024
30.5
16.9
13.9
9.7
7.4
7.3
6.2
4.0
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,681

= Typical MDV range from 11/12/2019 to 8/5/2024
27.3
14.5
12.0
13.0
9.4
8.6
5.6
3.8
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 1,096

= Typical MDV range from 11/12/2019 to 8/5/2024
30.1
17.2
12.1
10.7
7.3
6.3
6.2
5.4
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 2,571

= Typical MDV range from 11/12/2019 to 8/5/2024
33.2
16.9
12.1
9.3
8.8
6.2
5.0
4.5
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,952

= Typical MDV range from 11/12/2019 to 8/5/2024
30.7
18.9
10.8
10.9
7.4
5.6
6.3
4.6
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 1,383

= Typical MDV range from 11/12/2019 to 8/5/2024
30.4
16.5
9.8
12.1
8.4
6.0
6.8
5.2
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,093

= Typical MDV range from 11/12/2019 to 8/5/2024
32.3
17.4
10.4
9.2
7.4
6.4
8.1
4.4
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,353

= Typical MDV range from 11/12/2019 to 8/5/2024
28.9
16.9
11.7
10.0
8.8
7.8
5.4
4.5
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 1,364

= Typical MDV range from 11/12/2019 to 8/5/2024
29.7
15.9
14.2
9.5
8.5
8.2
5.6
4.0
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,898

= Typical MDV range from 11/12/2019 to 8/5/2024
29.4
17.0
12.2
11.9
8.1
5.9
5.7
5.0
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 2,137

= Typical MDV range from 11/12/2019 to 8/5/2024
 

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