Generation Income Properties Announces Tax Treatment of 2023 Distributions
Generation Income Properties, Inc. (NASDAQ:GIPR) announced the estimated Federal income tax treatment of the Company's 2023 distributions on its common stock. The Federal income tax classification of the distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2023, is detailed in the press release. Shareholders are advised to consult their tax advisors for specific tax treatment and more information.
01/30/2024 - 04:30 PM
TAMPA, FL / ACCESSWIRE / January 30, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced the estimated Federal income tax treatment of the Company's 2023 distributions on its common stock (CUSIP# 37149D204). The Federal income tax classification of the distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2023, is shown below:
Record Date
Distribution Date (On or Around)
Total Distribution Per Share
Ordinary Income Per Share
Return of Capital Per Share
Capital Gain Per Share
12/15/2023
12/29/2023
$ 0.03 9
-
$ 0.03 9
-
11/15/2023
11/30/2023
$ 0.03 9
-
$ 0.03 9
-
10/15/2023
10/30/2023
$ 0.03 9
-
$ 0.03 9
-
09/15/2023
09/29/2023
$ 0.03 9
-
$ 0.03 9
-
08/15/2023
08/31/2023
$ 0.03 9
-
$ 0.03 9
-
07/15/2023
07/31/2023
$ 0.03 9
-
$ 0.03 9
-
06/15/2023
06/30/2023
$ 0.03 9
-
$ 0.03 9
-
05/15/2023
05/30/2023
$ 0.03 9
-
$ 0.03 9
-
04/15/2023
04/30/2023
$ 0.03 9
-
$ 0.03 9
-
03/15/2023
03/30/2023
$ 0.03 9
-
$ 0.03 9
-
02/15/2023
02/28/2023
$ 0.03 9
-
$ 0.03 9
-
01/15/2023
01/30/2023
$ 0.03 9
-
$ 0.03 9
-
Nothing contained herein or therein should be construed as tax advice. Shareholders are encouraged to contact their tax advisors for the specific tax treatment of the distributions they received from the Company and for more information. Furthermore, any information contained herein or therein should not be relied upon for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.
About Generation Income Properties
Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties located primarily in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com .
Forward-Looking Statements
This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include tax risks, our limited operating history, potential changes in the economy in general and the real estate market in particular, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our registration statement on Form S-11 (File No. 333-235707), which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law.
Contact Details
Investor Relations ir@gipreit.com 813-448-1234
SOURCE: Generation Income Properties Inc.
View the original press release on accesswire.com
What is the ticker symbol for Generation Income Properties, Inc.?
The ticker symbol for Generation Income Properties, Inc. is GIPR.
What is the estimated Federal income tax treatment announced by Generation Income Properties, Inc.?
Generation Income Properties, Inc. announced the estimated Federal income tax treatment of the Company's 2023 distributions on its common stock.
What is the CUSIP number for Generation Income Properties, Inc. common stock?
The CUSIP number for Generation Income Properties, Inc. common stock is 37149D204.
When is the record date for the 2023 distributions announced by Generation Income Properties, Inc.?
The record date for the 2023 distributions announced by Generation Income Properties, Inc. is detailed in the press release.
What is the total distribution per share for the 2023 distributions announced by Generation Income Properties, Inc.?
The total distribution per share for the 2023 distributions announced by Generation Income Properties, Inc. is detailed in the press release.
What is the advice given to shareholders in the press release?
Shareholders are advised to consult their tax advisors for specific tax treatment and more information, as mentioned in the press release.
Generation Income Properties Inc
GIPR Rankings
#3704 Ranked by Stock Gains
GIPR Stock Data
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Sector
Finance and Insurance
Tags
Real Estate Investment Trusts, Finance, Finance and Insurance, Other Financial Vehicles
About GIPR
generation income properties purchases assets with future generations in mind; hence its name. gip acquires the most conservative, credit-worthy, long term real estate assets with the understanding that the underlying real estate is ultimately irreplaceable. while the reit is established to provide a stable yield for long periods of time, special attention is paid to the intrinsic present and future value of the real estate in order to prepare for reusing the assets for other tenants after lease expirations. the single-tenant, net-leased investments that gip identifies are typically a free-standing office, retail, or industrial building that is leased and occupied by one user or one company. in most cases, the tenant has committed to a long-term lease, usually longer than 10 years and sometimes as long as 25 years with increasing rent over the lease term.