Zoned Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 09:22 am EST
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Zoned Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.450374 million compared to USD 0.314677 million a year ago. Revenue was USD 0.614988 million compared to USD 0.387365 million a year ago. Net loss was USD 0.077328 million compared to USD 0.095495 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the nine months, sales was USD 1.29 million compared to USD 0.901838 million a year ago. Revenue was USD 2.05 million compared to USD 1.28 million a year ago. Net loss was USD 0.142087 million compared to USD 0.054236 million a year ago. Basic loss per share from continuing operations was USD 0.01.
Zoned Properties, Inc. is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company is in the business of property acquisition, development, and commercial leasing and intends to primarily structure lease agreements with prospective tenants using a triple-net or absolute-net lease model. Its segments include Property Investment Portfolio and Real Estate Services. The Property Investment Portfolio segment is engaged in the operations, leasing and management of its commercial properties. The Real Estate Services segment provides advisory, brokerage and technology services related to commercial properties. The Company maintains a portfolio of properties that it owns, develops and leases. Its investment properties are located in Arizona, Illinois, and Michigan with 100% occupancy and a weighted average lease term over 10 years. It has approximately 47 acres in Chino Valley, Arizona.
ZONED PROPERTIES, INC. 
