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Generation Income Properties Inc. - $GIPR STOCK NEWS

Welcome to our dedicated page for Generation Income Properties news (Ticker: $GIPR), a resource for investors and traders seeking the latest updates and insights on Generation Income Properties stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Generation Income Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Generation Income Properties's position in the market.

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Modiv Industrial, Inc. (NYSE:MDV) Announces Strong Q3 Results and Forward-Looking Thoughts
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Generation Income Properties, Inc. (GIPR) plans to release its Q3 operating results on November 14, 2023. A conference call and webcast will be held at 9:00 a.m. Eastern Time.
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Modiv Industrial, Inc. announces regular monthly cash distribution and potential in-kind distribution of Generation Income Properties, Inc. common stock.
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Generation Income Properties CEO to present at Virtual Tech Conference
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Generation Income Properties, Inc. (NASDAQ:GIPR) announced that its CFO, Allison Davies, will be departing the company on November 15, 2023. The company has started the search for Davies' successor.
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Generation Income Properties, Inc. (NASDAQ:GIPR) declares monthly cash distributions of $0.039 per common share for October, November, and December 2023, totaling approximately $0.468 per common share annually.
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Rhea-AI Summary
Generation Income Properties, Inc. (NASDAQ:GIPR) has closed the acquisition of a 13-property portfolio for $42 million. The portfolio consists of 11 retail properties and 2 office properties, with a weighted average remaining lease term of 5.6 years. Approximately 76% of the annualized base rent comes from tenants with an investment grade credit rating. The purchase price was financed with cash, a secured debt facility, and a preferred equity investment led by Loci Capital.
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Modiv Industrial, Inc. (MDV) successfully transitions to focused industrial manufacturing REIT, closing the sale of 13 non-industrial assets for $42 million, and changes corporate name. Second-quarter revenue is $11.8 million, up 16.7% year-over-year, with FFO of $7.9 million and AFFO of $3.3 million.
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Generation Income Properties, Inc. (NASDAQ:GIPR) reported a net loss of $881 thousand, or $0.34 per share, for the three-month period ended June 30, 2023. The company also generated Core FFO of $88 thousand, or $0.03 per share, and Core AFFO of $33 thousand, or $0.01 per share. Approximately 62% of the portfolio's annualized base rent was derived from tenants with an investment grade credit rating of 'BBB-' or better. The company's largest tenants include the General Service Administration, PRA Holdings, Inc., Pratt and Whitney, and Kohl's Corporation. The portfolio is 93% leased and occupied, and 87% of the leases provide for increases in base rent in the future. The company had $2.1 million in total cash and cash equivalents and total mortgage loans of $35.0 million as of June 30, 2023.
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Generation Income Properties Inc.

NYSE:GIPR

GIPR Rankings

GIPR Stock Data

20.43M
1.63M
18.23%
3.01%
0.59%
Other Financial Vehicles
Finance and Insurance
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United States of America
TAMPA

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.