Generation Income Properties Announces Continued Monthly Cash Distributions
Generation Income Properties (NASDAQ:GIPR) announced its Board of Directors has declared monthly cash distributions of $0.039 per common share for April, May, and June 2023. Shareholders of record will receive these distributions on or about the 30th of each respective month, following the record dates of April 15, May 15, and June 15, 2023. The total annualized distributions are projected to be approximately $0.468 per share. Future distributions remain subject to Board approval and are influenced by the Company’s financial performance and various risks detailed in the forward-looking statements.
- Monthly cash distribution of $0.039 per common share for three consecutive months.
- Annualized distribution estimate of approximately $0.468 per common share.
- Future distributions are not guaranteed and depend on Board approval.
- Subject to risks including cash flow, financial condition, and compliance with laws.
TAMPA, FL / ACCESSWIRE / April 3, 2023 / Generation Income Properties, Inc. (NASDAQ:GIPR) (the "Company") announced today that its Board of Directors has declared regular monthly cash distributions of
The declared distributions will be payable to shareholders of record on April 15, 2023, May 15, 2023, and June 15, 2023, and are expected to be paid on or about April 30, 2023, May 30, 2023, and June 30, 2023, respectively.
These distributions were declared pursuant to a cash distribution policy approved by the Board of Directors, which estimates total annualized distributions of approximately
About Generation Income Properties
Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found on the Company's corporate website: www.gipreit.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating to our monthly distribution. There can be no assurance that future distributions will be declared. The declaration of future monthly distributions is subject to approval of our Board of Directors each quarter after its review of our financial performance and cash needs. Declaration of future distributions is also subject to various risks and uncertainties, including: our cash flow and cash needs; compliance with applicable law; restrictions on the payment of distributions under existing or future financing arrangements; changes in tax laws relating to corporate distribution; the deterioration in our financial condition or results; and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission.
SOURCE: Generation Income Properties, Inc.
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