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Zoned Properties, Inc. - ZDPY STOCK NEWS

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

Zoned Properties Inc (OTCQB: ZDPY) is a premier real estate development firm focused on emerging and highly regulated industries, particularly the legalized cannabis sector. Based in Scottsdale, Arizona, the company is renowned for its expertise in identifying, developing, and leasing sophisticated, safe, and sustainable properties. Zoned Properties' core mission is to transform commercial real estate through its integrated growth services, including Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio divisions.

The company has a strong reputation for addressing unique zoning challenges and creating solutions that significantly enhance property value and cash flow. As an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council, Zoned Properties is committed to excellence and sustainability in its operations.

Zoned Properties does not engage in the growing, harvesting, selling, or distribution of cannabis or any other substances regulated under U.S. law. Instead, it focuses on acquiring commercial properties that can be rezoned and leased to top-tier cannabis retailers. Recent achievements include robust financial performance in the second and third quarters of 2023, strategic acquisitions in Illinois and Arizona, and the listing of a non-core asset for $16 million to pursue direct-to-consumer real estate strategies.

With a clear focus on shareholder value, Zoned Properties has announced a share repurchase program and continues to leverage its national services network and property technology to identify lucrative investment opportunities. The company’s strategic capital allocation and strong balance sheet position it well for continued growth in the burgeoning cannabis real estate market.

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Zoned Properties, a tech-driven property investment company, has acquired a property in Surprise, Arizona, leased to the cannabis operator Sunday Goods. This acquisition boosts Zoned Properties' annualized rental revenue to $3 million, supported by a $1.62 million construction loan from a private family office lender.

The property acquisition cost approximately $1.60 million, which includes the purchase price, closing costs, and selling developer's improvements. Additionally, Zoned Properties will offer a $1 million tenant improvement allowance for constructing and developing a Sunday Goods retail dispensary, which is expected to contribute additional capital.

The property is under a long-term, absolute-net lease agreement, producing an effective cap rate of 13.4% over the lease term. The lease includes a 3% annual increase in base rent, resulting in an annual base rental revenue of about $350,000.

Arizona's cannabis market, projected to surpass $1.5 billion in sales in 2024, and the rapid growth of Surprise, Arizona, bolster the strategic importance of this acquisition.

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Zoned Properties (OTCQB: ZDPY) reported a strong Q1 2024 with a 22% revenue increase to $837,052 and positive net income of $96,473, or $0.01 per fully diluted share, compared to a net loss of $309,648 in Q1 2023. Operating income surged by 651% to $128,909. The company also highlighted strategic initiatives, including a $1 million share repurchase program, the acquisition of a Chicago dispensary property, and listing a non-core asset in Chino Valley for $16 million. Cash provided by operating activities rose significantly, although the cash on hand decreased to $1.52 million from $3.1 million due to acquisitions.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What is Zoned Properties Inc specialized in?

Zoned Properties Inc specializes in real estate development for emerging and highly regulated industries, with a focus on the legalized cannabis sector.

Where is Zoned Properties Inc headquartered?

The company is headquartered in Scottsdale, Arizona.

Does Zoned Properties grow or sell cannabis?

No, Zoned Properties does not grow, harvest, sell, or distribute cannabis or any substances regulated under U.S. law.

What recent acquisitions has Zoned Properties made?

Recent acquisitions include investment properties in Chicago, Illinois, and Surprise, Arizona, leased to top-tier cannabis operators.

What is the company’s approach to enhancing property value?

Zoned Properties focuses on identifying and resolving unique zoning challenges to enhance cash flow and property value.

What are some of the affiliations of Zoned Properties?

Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council.

How does Zoned Properties plan to enhance shareholder value?

The company has announced a share repurchase program and continues to focus on strategic acquisitions and optimized capital allocation to drive shareholder value.

What is Zoned Properties' strategy for future growth?

Zoned Properties aims to expand its direct-to-consumer real estate portfolio, leveraging its property technology and national services network to identify high-value acquisition opportunities.

What are the financial highlights for FY 2023?

Financial highlights include strong revenue growth, positive cash flow, and net profitability, driven by strategic acquisitions and enhanced market strategy.

What is Zoned Properties’ focus within the cannabis industry?

The company focuses on acquiring and leasing properties to best-in-class cannabis retailers while not engaging in the direct cultivation or sale of cannabis.

Zoned Properties, Inc.

OTC:ZDPY

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7.87M
6.71M
44.57%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
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United States of America
Scottsdale