Generation Income Properties Announces Continued Monthly Cash Distribution

Rhea-AI Summary

Generation Income Properties (NASDAQ: GIPR) has announced a continued monthly cash distribution. For June 2024, shareholders will receive $0.039 per common share. The distribution is payable to shareholders of record on June 15, 2024, and will be distributed on or about June 28, 2024.

The Board of Directors has estimated an annualized distribution of approximately $0.468 per common share. Future distributions and their dates will be determined based on the company's financial performance reviews by the Board.

Positive

• Regular monthly cash distribution of $0.039 per common share.
• Annualized distribution estimated at $0.468 per common share.
• Payment continuity despite market volatility.
• Payment date set for June 28, 2024.

Negative

• Future cash distributions subject to Board's final determination.
• Dependence on financial performance for continuation of dividends.
• Potential uncertainty in cash flow for investors.

TAMPA, FL / ACCESSWIRE / June 3, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) (the "Company") announced today that its Board of Directors has declared a regular monthly cash distribution of $0.039 per common share for June 2024.

The declared distribution will be payable to shareholders of record on June 15, 2024, and is expected to be paid on or about June 28, 2024.

This distribution was declared pursuant to a cash distribution policy approved by the Board of Directors, which estimates total annualized distributions of approximately $0.468 per common share. The actual declaration of future cash distributions, and the establishment of record and payment dates, is subject to final determination by the Board of Directors after its review of the Company's financial performance.

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.

Contact: ir@gipreit.com

SOURCE: Generation Income Properties Inc.

View the original press release on accesswire.com

FAQ

What is the cash distribution amount for GIPR in June 2024?

Generation Income Properties has announced a cash distribution of $0.039 per common share for June 2024.

When will GIPR shareholders receive the June 2024 distribution?

The distribution is expected to be paid on or about June 28, 2024.

What is the annualized cash distribution estimate for GIPR?

The estimated annualized cash distribution is approximately $0.468 per common share.

What is the record date for GIPR's June 2024 cash distribution?

Shareholders must be on record by June 15, 2024, to receive the June 2024 distribution.

What determines future cash distributions for GIPR?

Future distributions are subject to the Board of Directors' review of the company's financial performance and final determination.