Welcome to our dedicated page for Zoned Pptys news (Ticker: ZDPY), a resource for investors and traders seeking the latest updates and insights on Zoned Pptys stock.
Zoned Pptys Inc (ZDPY) is a technology-driven real estate firm specializing in commercial properties with complex zoning requirements, particularly serving regulated industries like legalized cannabis. This page provides investors and stakeholders with centralized access to official press releases and news about strategic acquisitions, regulatory developments, and partnership announcements.
Discover up-to-date information on how ZDPY leverages proprietary technology to identify value-add properties and navigate zoning challenges. Our news collection covers earnings reports, property portfolio expansions, and sustainability initiatives recognized by the U.S. Green Building Council.
Bookmark this resource for timely updates on Zoned Pptys Inc's innovative approach to commercial real estate, including insights into emerging cannabis regulations and absolute-net lease agreements with industry-leading operators. All content is curated to help stakeholders make informed decisions about this niche market leader.
Zoned Properties (OTCQB:ZDPY) reported a 46% increase in revenue for 2022, totaling $2.66 million. Operating expenses also rose by 56% to $2.77 million. Positive cash flow reached $871,901, marking a 78% growth year-over-year. Despite these gains, the company faced a net loss of $574,355, up from a loss of $165,819 in 2021. Cash on hand improved significantly to $4.34 million as of December 31, 2022. The company is expanding its acquisition pipeline, including a recent $4.3 million property acquisition in Michigan with a 13.5% cap rate.
Zoned Properties (OTCQB: ZDPY) announced its acquisition of a $4.3 million investment property in Pleasant Ridge, Michigan, designated for a cannabis retail dispensary operated by NOXX Cannabis. This long-term, absolute-net lease agreement is expected to yield a 13.5% cap rate over the lease's term, with annual rental increases of 3%. The investment strengthens Zoned Properties' portfolio and marks its entry into the Michigan market, leveraging $1.85 million in seller financing to optimize capital. The company continues to focus on real estate for emerging industries, particularly cannabis, promoting a value-add investment strategy.
Zoned Properties (OTCQB:ZDPY), a leader in real estate development for cannabis and other regulated industries, will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 11:00 AM EST. CEO Bryan McLaren will lead the presentation. The company has reported a 60% revenue growth year-over-year and secured a $4.5 million debt facility for new property investments. Zoned Properties maintains a clean capital structure with only 12.2 million shares outstanding and continues to generate positive cash flow as it expands its operations.
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