ZONED PROPERTIES INC - ZDPY STOCK NEWS

Zoned Properties (OTCQB:ZDPY) reported strong Q3 2024 financial results, with total revenue increasing 43% to $1,029,630 compared to Q3 2023. The company's property investment portfolio revenues grew 18% to $750,926, while operating expenses decreased 13%. Income from operations surged 806% to $445,188 for Q3 2024. The company has begun implementing its previously announced $1 million share repurchase program and secured future retail dispensary locations in Ohio. Cash flow from operations increased 1,508% to $455,363 for the nine months ended September 30, 2024. The company maintained $1.2 million in cash as of Q3 2024.

Zoned Properties (OTCQB:ZDPY) reported strong Q2 2024 financial results, highlighting its shift to a direct-to-consumer real estate focus. Key highlights include:

- 71% increase in operating cash flow for H1 2024
- 17% decrease in operating expenses for Q2 2024
- Listing of non-core asset in Chino Valley for $16 million
- Announcement of $1 million share repurchase program

The company expanded its portfolio with strategic acquisitions in Arizona, Illinois, and Ohio, increasing annualized rental revenue to over $3 million. Property Investment Portfolio Revenues rose 11% year-over-year to $679,326 in Q2 2024. Despite a 10% decrease in total revenues, income from operations increased by 59% to $103,138 for the quarter.

Zoned Properties (OTCQB:ZDPY) announces plans for portfolio expansion with five new properties secured in Ohio, following the state's award of new adult-use cannabis licenses. The company strategically sourced sites across Ohio, securing properties in key market locations for multi-state operators in major metropolitan areas. These properties have received preliminary approval from the state, pending a 45-day review period before official provisional licenses are issued.

This achievement reflects Zoned Properties' decade-long efforts to build a national reputation and network with leading cannabis dispensary operators. The company is also collaborating with operators in Kentucky and Maryland, expecting further opportunities for portfolio scaling. These recent wins highlight Zoned Properties' value proposition in acquiring value-add real estate with compelling investment return opportunities in the emerging cannabis industry.

Zoned Properties, a tech-driven property investment company, has acquired a property in Surprise, Arizona, leased to the cannabis operator Sunday Goods. This acquisition boosts Zoned Properties' annualized rental revenue to $3 million, supported by a $1.62 million construction loan from a private family office lender.

The property acquisition cost approximately $1.60 million, which includes the purchase price, closing costs, and selling developer's improvements. Additionally, Zoned Properties will offer a $1 million tenant improvement allowance for constructing and developing a Sunday Goods retail dispensary, which is expected to contribute additional capital.

The property is under a long-term, absolute-net lease agreement, producing an effective cap rate of 13.4% over the lease term. The lease includes a 3% annual increase in base rent, resulting in an annual base rental revenue of about $350,000.

Arizona's cannabis market, projected to surpass $1.5 billion in sales in 2024, and the rapid growth of Surprise, Arizona, bolster the strategic importance of this acquisition.

Zoned Properties (OTCQB: ZDPY) reported a strong Q1 2024 with a 22% revenue increase to $837,052 and positive net income of $96,473, or $0.01 per fully diluted share, compared to a net loss of $309,648 in Q1 2023. Operating income surged by 651% to $128,909. The company also highlighted strategic initiatives, including a $1 million share repurchase program, the acquisition of a Chicago dispensary property, and listing a non-core asset in Chino Valley for $16 million. Cash provided by operating activities rose significantly, although the cash on hand decreased to $1.52 million from $3.1 million due to acquisitions.

Zoned Properties announced a $1 million share repurchase program, reflecting the company's strong operational cash flow generation, robust balance sheet, and commitment to driving shareholder value. The program allows the repurchase of up to $1 million of its common stock over an unlimited time period. The company aims to increase shareholder value by addressing the significant valuation gap between its public valuation and tangible book value. The repurchases will be made through various methods, including open market purchases and privately negotiated transactions, in accordance with applicable laws and regulations.

Zoned Properties, Inc. announces significant momentum in shifting focus to direct-to-consumer real estate with two acquisitions and listing of non-core asset. Recent highlights include strategic geographic expansion in Chicago and Arizona, with a focus on enhancing shareholder value.

Zoned Properties, Inc. announces the listing of its Chino Valley Property for sale at $16 million to focus on a direct-to-consumer real estate strategy. The sale aims to optimize the company's real estate portfolio and support future acquisitions.

Zoned Properties, Inc. announces final cannabis approvals for an investment property in Surprise, Arizona, and a long-term lease agreement with Sunday Goods, a leading Arizona cannabis company. The company expects to generate $3 million in annual rental revenue and diversify its tenant roster with a 12.7% cap rate. Arizona's robust cannabis market and Surprise's high growth rate add to the investment's appeal.