Generation Income Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 04:27 pm EST
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Generation Income Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1.84 million compared to USD 1.47 million a year ago. Revenue was USD 1.84 million compared to USD 1.47 million a year ago. Net loss was USD 1.64 million compared to USD 0.63892 million a year ago. Basic loss per share from continuing operations was USD 0.7 compared to USD 0.28 a year ago.
For the nine months, sales was USD 4.49 million compared to USD 4.03 million a year ago. Revenue was USD 4.51 million compared to USD 4.04 million a year ago. Net loss was USD 3.84 million compared to USD 2.26 million a year ago. Basic loss per share from continuing operations was USD 1.55 compared to USD 1 a year ago.
Generation Income Properties, Inc. is an internally managed real estate investment trust. The Company is focused on acquiring and managing income-producing retail, office and industrial properties net leased to high quality tenants in markets throughout the United States. Its retail properties are located in Washington, D.C.; Tampa, FL; Tucson, AZ; San Antonio, TX; Bakersfield, CA; Big Spring, TX; Castalia, OH; Lakeside, OH; Litchfield, ME; Mount Gilead, OH; Thompsontown, PA, and others. Its office properties are located in Norfolk, VA; Manteo, NC; Plant City, FL; Maitland, FL; Vacaville, CA, and others. Its medical retail property is located in Chicago, IL. Its industrial property is located in Huntsville, AL. Its subsidiaries include Generation Income Properties, LP; GIP TRS Inc; GIP REIT OP Limited LLC; GIP DB SPE, LLC; GIPVB SPE, LLC; GIPVA 2510 WALMER AVE, LLC; GIPVA 130 CORPORATE BLVD, LLC; GIPNC 201 Etheridge Road LLC, and others.