Generation Income Properties Announces Monthly Cash Distributions

Rhea-AI Summary

Generation Income Properties, Inc. (GIPR) announced cash distributions of $0.054 per share for October, November, and December 2021. This decision aligns with the company's cash distribution policy targeting annual distributions of approximately $0.65 per share. Shareholders of record will receive payments on or around October 30, November 30, and December 30, 2021. Future distribution declarations depend on the Board's quarterly reviews of financial performance and may be influenced by various risks, including cash flow issues and changes in tax laws.

Positive

• Monthly cash distributions of $0.054 per share declared for Q4 2021.
• Annual distribution target set at approximately $0.65 per share.

Negative

• Future distributions are subject to quarterly Board approval and financial performance review.
• Potential risks include cash flow concerns and changes in tax laws affecting distributions.

TAMPA, FL / ACCESSWIRE / October 6, 2021 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIP" or the "Company") announced today that its Board of Directors has declared regular monthly cash distributions of $0.054 per share of common stock for each of October, November, and December 2021.

These distributions were declared pursuant to a cash distribution policy approved by the Board of Directors which targets total annual distributions of approximately $0.65 per share of common stock. 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 each quarter after its review of the Company's financial performance.

The Company's distributions declared on October 5, 2021, will be payable to shareholders of record on October 15, 2021, November 15, 2021, and December 15, 2021, and are expected to be paid on or about October 30, 2021, November 30, 2021, and December 30, 2021, respectively.

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.

About Generation Income Properties
Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment corporation formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in major United States cities. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com.

Forward-Looking Statements:
This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control which could have a material adverse effect on the company's business, financial condition, and results of operations. Some of these risks and uncertainties are identified in the Company's most recent Registration Statement on Form S-1 and its other filings with the SEC, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

CONTACT:
Email: ir@gipreit.com

SOURCE: Generation Income Properties, Inc.

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FAQ

What is the distribution amount announced by Generation Income Properties for Q4 2021?

Generation Income Properties announced monthly distributions of $0.054 per share for October, November, and December 2021.

When will the cash distributions be paid to shareholders?

The distributions will be paid on or about October 30, November 30, and December 30, 2021.

What is the annual distribution target for Generation Income Properties?

The annual distribution target for Generation Income Properties is approximately $0.65 per share.

Are future distributions guaranteed for Generation Income Properties?

No, future distributions are subject to quarterly approval by the Board and depend on the company's financial performance.

What risks could affect the cash distributions of Generation Income Properties?

Risks include cash flow issues, changes in tax laws, and financial condition deteriorations that could impact distribution payments.