Generation Income Properties, Inc.
GIPRW
NASDAQ Capital Market0.03
USD
-0.02
- -
CIK
0001651721
ISIN
US37149D1138
CUSIP
37149D113
Return %
Stock
S&P500
1Y
-74.90
26.84
3Y
-92.58
77.03
5Y
-97.63
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David E. Sobelman
- Full Time Employees
- 4
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 401 East Jackson Street Tampa FL United States of America 33602
- IPO Date
- Oct 4, 2021
- CIK
- 0001651721
- Website
- gipreit.com
- Similar Companies
- Business
- Generation Income Properties, Inc. (NASDAQ: GIPR) is an internally managed real estate investment trust based in Tampa, Florida, founded in 2015, that acquires, owns, and manages a diversified portfolio of high-quality, single-tenant net lease properties including retail, office, and industrial assets leased primarily to investment-grade credit tenants such as Best Buy, Tractor Supply, Dollar General, and Zaxby's; the portfolio features opportunistic lease terms of less than 10 years, contractual rent increases covering approximately 92% of annualized base rent, high occupancy rates, and strong rent coverage in densely populated U.S. submarkets across states including Florida, Alabama, Arizona, Colorado, Illinois, North Carolina, Virginia, and others. The company generates revenue primarily from rental income through proactive asset management, shorter-term net leases for above-market returns, and a focus on undervalued properties with potential for appreciation, alternative uses, and market-driven occupancy. In recent developments, Generation Income Properties completed an $11.2 million UPREIT transaction for three retail properties leased to Tractor Supply, Dollar General, and Zaxby's, boosting retail exposure to 65% of the portfolio and gross asset value to approximately $115 million while extending the weighted average lease term to 4.7 years; sold two properties for $10.5 million including an industrial building in Huntsville, Alabama, and a Starbucks in Tampa, Florida; secured a lease extension with Best Buy through March 2032 at a 6.5% rent increase; obtained new financing on a 7-Eleven property; and received a non-binding acquisition proposal from Resurgent Realty Trust in early 2025 to buy a 51% stake at $3.00 per share with plans for board and management changes, alongside ongoing efforts for asset sales, debt refinancing, and preferred equity recapitalization targeting late 2025 completion to strengthen the balance sheet and regain Nasdaq compliance.