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Zoned Properties Inc - ZDPY STOCK NEWS

Welcome to our dedicated news page for Zoned Properties (Ticker: ZDPY), a resource for investors and traders seeking the latest updates and insights on Zoned Properties.

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 Zoned 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 Zoned Properties's position in the market.

Rhea-AI Summary
Zoned Properties announced a $1 million share repurchase program, reflecting the company's strong operational cash flow generation, robust balance sheet, and commitment to driving shareholder value. The program allows the repurchase of up to $1 million of its common stock over an unlimited time period. The company aims to increase shareholder value by addressing the significant valuation gap between its public valuation and tangible book value. The repurchases will be made through various methods, including open market purchases and privately negotiated transactions, in accordance with applicable laws and regulations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
Tags
buyback
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Rhea-AI Summary
Zoned Properties, Inc. announces significant momentum in shifting focus to direct-to-consumer real estate with two acquisitions and listing of non-core asset. Recent highlights include strategic geographic expansion in Chicago and Arizona, with a focus on enhancing shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.87%
Tags
-
Rhea-AI Summary
Zoned Properties, Inc. announces the listing of its Chino Valley Property for sale at $16 million to focus on a direct-to-consumer real estate strategy. The sale aims to optimize the company's real estate portfolio and support future acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.02%
Tags
none
Rhea-AI Summary
Zoned Properties, Inc. announces final cannabis approvals for an investment property in Surprise, Arizona, and a long-term lease agreement with Sunday Goods, a leading Arizona cannabis company. The company expects to generate $3 million in annual rental revenue and diversify its tenant roster with a 12.7% cap rate. Arizona's robust cannabis market and Surprise's high growth rate add to the investment's appeal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.17%
Tags
-
Rhea-AI Summary
Zoned Properties, Inc. (ZDPY) to present at the Emerging Growth Conference on March 6, 2024, offering investors and analysts a real-time interaction with CEO Bryan McLaren. The event aims to engage a broader audience in the company's technology-driven property investments in regulated industries like legalized cannabis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
conferences acquisition
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Rhea-AI Summary
Zoned Properties, Inc. (ZDPY) has acquired an investment property in Chicago, Illinois and entered into a long-term lease agreement with Justice Cannabis Co.'s BLOC Dispensaries to operate a retail dispensary. The investment property was acquired for approximately $1.6 million and is leased under a long-term, absolute-net lease agreement, which will produce an approximate 16.5% Cap Rate over the 15-year term of the lease. The lease includes 3% annual increases in base rent, yielding approximately $265,000 in annual base rental revenue. Illinois' cannabis market is experiencing significant growth, with over $1.5 billion in dispensary sales in 2023, and Chicago being in a prime retail area for cannabis retail locations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
Tags
Rhea-AI Summary
Zoned Properties, Inc. (OTCQB:ZDPY) announced its third quarter financial results and operational highlights, revealing an increase in revenues and net profitability. The company's strong balance sheet positions it well for expansion, with a focus on direct-to-consumer real estate leased to top cannabis retailers. Zoned Properties also highlighted its nationwide services network and proprietary cannabis technology platform, REZONE, aimed at democratizing real estate information for the regulated cannabis industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.09%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.5%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.45%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.54%
Tags
Zoned Properties Inc

OTC:ZDPY

ZDPY Rankings

ZDPY Stock Data

6.26M
6.72M
44.57%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
Link
US
Scottsdale

About ZDPY

zoned properties is a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry. zoned properties is an accredited member of the better business bureau, the u.s. green building council, and the forbes real estate council. the company focuses on the strategic development of commercial properties that face unique zoning challenges; identifying solutions that could potentially have a major impact on cash flow and property value. zoned properties targets commercial properties that can be acquired and re-zoned or permitted for specific purposes.