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Generation Income Properties Inc. is an internally managed real estate investment company focused on acquiring and managing income-producing retail, office, and industrial properties net leased to high-quality tenants in major markets throughout the United States. With a primary revenue source of rental income, the REIT holds properties in various states, including Alabama, Arizona, Colorado, the District of Columbia, Florida, Illinois, North Carolina, and Virginia. The company's strategic approach involves acquiring conservative, credit-worthy, long-term real estate assets, particularly single-tenant, net-leased investments like free-standing office, retail, or industrial buildings that are leased to single users or companies on long-term leases extending up to 25 years. Special emphasis is placed on the intrinsic present and future value of the real estate to prepare for asset reuse post-lease expirations.
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Generation Income Properties, Inc. (NASDAQ:GIPR) issued 2,794,597 shares of its common stock in redemption of all 2,400,000 issued and outstanding shares of its Series A Preferred Stock. The shares were issued to Modiv Operating Partnership, L.P. in connection with a portfolio acquisition from Modiv Industrial. Modiv declared a stock distribution of the Company's shares to be issued pursuant to the Redemption on the Modiv common stock and the Modiv OP Class C units. Approximately 4,500 new shareholders were welcomed to GIPR as a result.
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Generation Income Properties, Inc. (NASDAQ:GIPR) announced the estimated Federal income tax treatment of the Company's 2023 distributions on its common stock. The Federal income tax classification of the distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2023, is detailed in the press release. Shareholders are advised to consult their tax advisors for specific tax treatment and more information.
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Generation Income Properties, Inc. (NASDAQ:GIPR) announced a correction to the record date for its common stock for the month of January in the first quarter of 2024, maintaining the distribution amount and payment date.
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Generation Income Properties, Inc. (NASDAQ:GIPR) announces regular monthly cash distributions of $0.039 per common share for January, February, and March 2024.
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Modiv Industrial, Inc. (NYSE: MDV) announces the declaration of a stock distribution of Generation Income Properties, Inc. (NASDAQ: GIPR) common stock to its stockholders. Modiv Industrial will receive 2,794,597 shares of GIPR common stock in exchange for retiring the outstanding 2,400,000 shares of GIPR Series A Preferred Stock, retaining approximately 5% of the GIPR common stock received and distributing the remaining shares to its common stockholders and holders of Class C units of Modiv OP. The stock distribution will be payable on January 31, 2024, to holders of record as of January 17, 2024.
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Generation Income Properties, Inc. (NASDAQ:GIPR) announced its financial and operating results for the three-month period ended September 30, 2023. The company reported a net loss attributable to common shareholders of ($1.8 million), generated Core FFO of ($66 thousand), and Core AFFO of ($24 thousand) for the same period. The portfolio's annualized base rent was derived from tenants with investment-grade credit ratings, and the company's largest tenants include the General Service Administration, Dollar General, City of San Antonio, and Kohl's Corporation. The company's portfolio is 96% leased and occupied, and approximately 84% of the leases provide for increases in contractual base rent during future years. The company had $4.4 million in total cash and cash equivalents and total mortgage loans, net of $57.1 million as of September 30, 2023.
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Modiv Industrial, Inc. (NYSE:MDV) Announces Strong Q3 Results and Forward-Looking Thoughts
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Generation Income Properties, Inc. (GIPR) plans to release its Q3 operating results on November 14, 2023. A conference call and webcast will be held at 9:00 a.m. Eastern Time.
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Modiv Industrial, Inc. announces regular monthly cash distribution and potential in-kind distribution of Generation Income Properties, Inc. common stock.
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Generation Income Properties CEO to present at Virtual Tech Conference
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FAQ
What is the current stock price of Generation Incom (GIPR)?
The current stock price of Generation Incom (GIPR) is $1.77 as of February 28, 2025.
What is the market cap of Generation Incom (GIPR)?
The market cap of Generation Incom (GIPR) is approximately 9.5M.
What is Generation Income Properties Inc. focused on?
The company concentrates on acquiring and managing income-producing retail, office, and industrial properties net leased to high-quality tenants in major markets across the United States.
What types of real estate assets does Generation Income Properties Inc. acquire?
Generation Income Properties Inc. acquires conservative, credit-worthy, long-term real estate assets, primarily single-tenant, net-leased investments such as free-standing office, retail, or industrial buildings.
What is the key revenue source for Generation Income Properties Inc.?
Rental income serves as the primary revenue source for Generation Income Properties Inc., derived from the properties leased to tenants.
Which states does Generation Income Properties Inc. hold properties in?
Generation Income Properties Inc. holds properties in several states, including Alabama, Arizona, Colorado, the District of Columbia, Florida, Illinois, North Carolina, and Virginia.
What is the strategic approach of Generation Income Properties Inc. towards real estate acquisitions?
Generation Income Properties Inc. strategically acquires long-term real estate assets with a focus on the conservative, credit-worthy nature of the investments and emphasizes the intrinsic present and future value of the real estate.
Generation Incom
Nasdaq:GIPR
GIPR Rankings
GIPR Stock Data
9.49M
4.40M
18.27%
4.69%
0.03%
REIT - Diversified
Real Estate Investment Trusts
United States
TAMPA