GENERATION INCOME PROPERTIES, INC. GIPR
We are an internally managed real estate investment trust 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. We believe our focus on owning properties leased to investment grade or creditworthy tenants provides attractive risk adjusted returns through current yields, long term appreciation and tenant renewals.
We believe that single-tenant commercial properties, as compared with shopping centers, malls, and other traditional multi-tenant properties, offer a distinct investment advantage since single-tenant properties generally require less management and operating capital and generally have less recurring tenant turnover.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $9.7M | $9.8M | $7.6M | $5.4M | $3.9M | $3.5M | — |
| SG&A | $2.2M | $2.1M | $1.7M | $1.6M | $1.1M | $817.7K | — |
| Total operating expenses | $16.7M | $14.9M | $11.1M | $7.9M | $5.5M | $4.9M | — |
| Operating income | -$7.0M | -$5.1M | -$3.5M | -$2.5M | -$1.6M | -$1.3M | — |
| Interest expense | $5.8M | $4.3M | $2.7M | $1.6M | $1.3M | $1.4M | — |
| Net income | -$10.3M | -$8.3M | -$5.7M | -$3.2M | -$1.2M | -$1.8M | — |
| EPS, basic | -2.00 | -1.64 | -2.46 | -1.40 | -1.15 | -3.44 | — |
| EPS, diluted | -2.00 | -1.64 | -2.46 | -1.40 | -1.15 | -3.44 | — |
| Shares, diluted (wtd. avg.) | $5.2M | $5.2M | $2.5M | $2.3M | $1.1M | $532.3K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.2M | $612.9K | $3.1M | $3.7M | $10.6M | $937.6K | — |
| Receivables | $0 | $48.1K | $241.2K | $96.1K | $88.7K | $75.8K | — |
| Other intangibles | $5.2M | $6.7M | $8.0M | $3.2M | $2.3M | $2.4M | — |
| Total assets | $97.3M | $106.6M | $108.7M | $64.2M | $53.4M | $40.7M | — |
| Total liabilities | $68.9M | $73.7M | $74.2M | $47.3M | $30.1M | $30.6M | — |
| Retained earnings | -$33.6M | -$23.3M | -$14.8M | -$8.6M | -$5.4M | -$4.2M | — |
| Total equity | -$4.2M | $5.8M | $3.7M | $10.7M | $14.1M | $1.9M | $2.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $929.5K | $1.0M | $12.3K | $583.9K | -$173.8K | $256.7K | — |
| Depreciation and amortisation | $3.2M | $2.9M | $2.2M | $1.5M | $1.1M | $1.0M | — |
| Capital expenditure | $0 | $5.8M | $32.0M | $12.9M | $8.3M | $272.8K | — |
| Investing cash flow | $23.1M | -$5.8M | -$33.3M | -$13.3M | -$3.9M | -$272.8K | — |
| Financing cash flow | -$18.5M | $2.2M | $32.7M | $5.8M | $13.6M | -$259.8K | — |
| Dividends paid | $0 | $1.2M | $1.2M | $1.4M | $560.3K | $333.4K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-163934.
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