Generation Income Properties Q2 2025 Update

TL;DR

**GIPR Q2 2025: Real estate transactions and loan agreements detailed. Sherwin-Williams lease ends Jan 1, 2025.**

AI Summary

Generation Income Properties, Inc. filed its 10-Q for the period ending June 30, 2025. The filing details various financial activities, including loan agreements and property-related transactions. Notably, it references a contribution agreement with LMBOwentonILLCMember dated January 14, 2022, and a Sherwin-Williams property in Tampa, Florida, with a lease term extending to January 1, 2025.

Why It Matters

This filing provides insight into the financial health and operational activities of Generation Income Properties, Inc., impacting investors' understanding of its real estate portfolio performance.

Risk Assessment

Risk Level: medium — The filing contains details on various loan agreements and related party transactions, which can introduce financial complexity and risk.

Key Numbers

• 2025-06-30 — Reporting Period End Date (Covers financial activities up to this date.)
• 2025-01-01 — Sherwin-Williams Lease End (Indicates a significant lease expiration for a property.)

Key Players & Entities

• GENERATION INCOME PROPERTIES, INC. (company) — Filer
• LMBOwentonILLCMember (company) — Party to Contribution Agreement
• Sherwin-Williams Tampa, Florida (company) — Tenant/Property Location
• 2025-01-01 (date) — Lease end date for Sherwin-Williams property
• 2022-01-14 (date) — Date of Contribution Agreement with LMBOwentonILLCMember

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock par value $0.01 per share GIPR The Nasdaq Stock Mar

Filing Documents

• gipr-20250630.htm (10-Q) — 3327KB
• gipr-ex10_5.htm (EX-10.5) — 41KB
• gipr-ex31_1.htm (EX-31.1) — 17KB
• gipr-ex31_2.htm (EX-31.2) — 17KB
• gipr-ex32_1.htm (EX-32.1) — 12KB
• gipr-ex32_2.htm (EX-32.2) — 12KB
• 0000950170-25-109457.txt ( ) — 13759KB
• gipr-20250630.xsd (EX-101.SCH) — 2018KB
• gipr-20250630_htm.xml (XML) — 2531KB

Financial Statements

Financial Statements 3 Generation Income Properties, Inc. Consolidated Balance Sheets June 30, 2025 (unaudited) and December 31, 2024 3 Generation Income Properties, Inc. Consolidated Statements of Operations Three and Six Months Ended June 30, 2025 and June 30, 2024 (unaudited) 4 Generation Income Properties, Inc. Consolidated Statements of Changes in (Deficit) Equity, Redeemable Preferred Stock, and Redeemable Non-Controlling Interests for the Six Months Ended June 30, 2025 and June 30, 2024 (unaudited) 5 Generation Income Properties, Inc. Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and June 30, 2024 (unaudited) 7 Notes to Unaudited Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 38 Item 4.

Controls and Procedures

Controls and Procedures 38 PART II. OTHER INFORMATION 40 Item 1.

Legal Proceedings

Legal Proceedings 40 Item 1A.

Risk Factors

Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 41 Item 6. Exhibits 42

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financi al Statements

ITEM 1. Financi al Statements Generation Income Properties, Inc Consolidated Balance Sheets As of June 30, As of December 31, 2025 2024 (unaudited) Assets Investments in real estate Land $ 23,998,591 $ 23,288,811 Building and site improvements 70,929,505 67,647,250 Acquired tenant improvements 2,550,388 2,384,076 Acquired lease intangible assets 11,140,166 10,504,740 Less: accumulated depreciation and amortization ( 14,119,815 ) ( 12,462,091 ) Net real estate investments $ 94,498,835 $ 91,362,786 Cash and cash equivalents 356,130 612,939 Restricted cash 34,500 34,500 Deferred rent asset 361,207 331,837 Prepaid expenses 400,474 140,528 Accounts receivable 37,175 48,118 Escrow deposits and other assets 588,290 1,233,123 Held for sale assets 2,657,414 6,732,001 Right-of-use asset, net 6,028,253 6,067,958 Total Assets $ 104,962,278 $ 106,563,790 Liabilities and Equity Liabilities Accounts payable $ 416,097 $ 171,262 Accrued expenses 1,347,395 1,127,896 Accrued expense - related party 877,970 683,347 Acquired lease intangible liabilities, net 1,485,894 1,036,274 Insurance payable 306,409 40,835 Deferred rent liability 178,953 176,017 Lease liability, net 6,490,164 6,464,901 Loan payable - related party 7,574,870 5,500,000 Mortgage loans, net of unamortized debt discount of $ 1,261,954 and $ 1,103,336 at June 30, 2025 and December 31, 2024, respectively, and debt issuance costs 54,787,093 58,340,234 Derivative liabilities 531,927 169,685 Total liabilities $ 73,996,772 $ 73,710,451 Redeemable Non-Controlling Interests 31,931,200 26,664,545 Stockholders' (Deficit) Equity Common stock, $ 0.01 par value, 100,000,000 shares authorized; 5,443,188 shares issued and outstanding at June 30, 2025 and December 31, 2024. 54,431 54,431 Additional paid-in capital 29,019

View Full Filing

View this 10-Q filing on SEC EDGAR