Generation Income Properties Announces Continued Monthly Cash Distribution

Rhea-AI Summary

Generation Income Properties, Inc. (NASDAQ:GIPR) announced a monthly cash distribution of $0.039 per common share for May 2024. The Board of Directors approved a cash distribution policy with total annualized distributions of around $0.468 per common share. Future distributions are subject to the Board's review of financial performance.

TAMPA, FL / ACCESSWIRE / May 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 May 2024.

The declared distribution will be payable to shareholders of record on May 15, 2024, and is expected to be paid on or about May 30, 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 monthly cash distribution announced by Generation Income Properties, Inc. (GIPR)?

Generation Income Properties, Inc. (GIPR) announced a monthly cash distribution of $0.039 per common share for May 2024.

When will the monthly cash distribution be payable to shareholders of Generation Income Properties, Inc. (GIPR)?

The monthly cash distribution will be payable to shareholders of record on May 15, 2024, and is expected to be paid on or about May 30, 2024.

What is the total annualized distribution estimated by the Board of Directors for Generation Income Properties, Inc. (GIPR)?

The Board of Directors approved an estimated total annualized distribution of approximately $0.468 per common share for Generation Income Properties, Inc. (GIPR).

Who determines the future cash distributions and payment dates for Generation Income Properties, Inc. (GIPR)?

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.