Generation Income holder First City owns 2% stake

GENERATION INCOME PROPERTIES, INC.

Rhea-AI Filing Summary

GENERATION INCOME PROPERTIES, INC. (GIPR) has an amended Schedule 13G/A reporting the holdings of First City Investment Group, LLC. First City reports beneficial ownership of 37,153 shares of GIPR common stock, representing 2.0% of the class, based on 1,861,303 shares outstanding as of August 14, 2026. First City has sole voting and sole dispositive power over all 37,153 shares and no shared voting or dispositive power.

Key Figures

Shares beneficially owned: 37,153 shares Percent of class owned: 2.0% Shares outstanding: 1,861,303 shares +3 more

6 metrics

Shares beneficially owned 37,153 shares Common stock beneficially owned by First City Investment Group, LLC

Percent of class owned 2.0% Percentage of GIPR common stock beneficially owned by First City Investment Group, LLC

Shares outstanding 1,861,303 shares GIPR common stock issued and outstanding as of August 14, 2026

Sole voting power 37,153 shares Shares over which First City has sole power to vote or direct the vote

Shared voting power 0 shares Shares over which First City has shared power to vote

Sole dispositive power 37,153 shares Shares over which First City has sole power to dispose or direct disposition

Key Terms

Schedule 13G/A, beneficially owned, Sole Voting Power, Sole Dispositive Power, +1 more

5 terms

Schedule 13G/A regulatory

"has an amended Schedule 13G/A reporting the holdings of First City"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 37,153.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 37,153.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"Sole Dispositive Power 37,153.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Percent of class financial

"Percent of class: Based on 1,861,303 shares of Common Stock"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of GENERATION INCOME PROPERTIES, INC. (GIPR) does First City Investment Group own?

First City Investment Group, LLC reports owning 2.0% of GIPR’s common stock. This is based on 37,153 shares beneficially owned out of 1,861,303 shares of common stock outstanding as of August 14, 2026.

How many GIPR shares does First City Investment Group beneficially own?

First City Investment Group, LLC beneficially owns 37,153 shares of GIPR common stock. The filing states this amount is held with sole voting and sole dispositive power, and no shared voting or dispositive power over any shares.

What is the total number of GIPR shares outstanding referenced in this Schedule 13G/A?

The filing uses 1,861,303 shares of GIPR common stock as the total outstanding. This share count is as of August 14, 2026, taken from Generation Income Properties, Inc.’s Quarterly Report on Form 10-Q.

Does First City Investment Group share voting or dispositive power over its GIPR shares?

No. First City Investment Group, LLC reports sole voting power and sole dispositive power over 37,153 shares, and 0 shared voting and 0 shared dispositive power, meaning control is not shared with other parties.

What does the filing say about owning 5 percent or less of GIPR’s stock?

The filing confirms that First City Investment Group, LLC has ownership of 5 percent or less of GIPR’s common stock. Its reported 2.0% beneficial ownership keeps it below the 5% threshold typically associated with larger blockholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/18/2026 - 01:38 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GENERATION INCOME PROPERTIES, INC.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

37149D402

(CUSIP Number)

08/17/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 37149D402

1

Names of Reporting Persons

First City Investment Group, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 37,153.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 37,153.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

37,153.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GENERATION INCOME PROPERTIES, INC.
(b)	Address of issuer's principal executive offices: 401 EAST JACKSON STREET, TAMPA, FLORIDA, 33602
Item 2.
(a)	Name of person filing: First City Investment Group, LLC
(b)	Address or principal business office or, if none, residence: 16741 Ventura Blvd. Encino, CA 91436
(c)	Citizenship: Delaware, United States of America
(d)	Title of class of securities: Common Stock, $0.01 par value per share
(e)	CUSIP No.: 37149D402
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 37,153.00
(b)	Percent of class: Based on 1,861,303 shares of Common Stock issued and outstanding as of August 14, 2026 pursuant to Generation Income Properties, Inc.'s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 17, 2026: 2.0
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 37,153.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 37,153.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

First City Investment Group, LLC

Signature:	/s/ Nasser Watar
Name/Title:	President
Date:	08/18/2026