Generation Income Properties
Leases single-tenant U.S. office, retail, and medical-retail properties through an UPREIT structure.
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Profile
Owns and leases single-tenant office, retail, and medical-retail properties across the United States, primarily through net or similar leases that shift many property costs to tenants. Rent and reimbursements are the revenue base, with assets held through an UPREIT operating partnership.
Owns and leases a U.S. portfolio of predominantly single-tenant office, retail, and medical-retail properties through its operating partnership. Most leases are net or similar arrangements that place taxes, utilities, insurance, and ordinary repairs with tenants; base rent and tenant reimbursements generate revenue. Property management is generally in-house, with Norfolk, Virginia properties externally managed.
Focuses its acquisition mandate on properties with investment-grade or otherwise creditworthy tenants and can accept operating-partnership units from contributing sellers. The portfolio was fully leased at the latest detailed reporting date, while a limited number of tenants supply much of annualized base rent and several leases have near-term expirations.
Operates as a REIT and must meet related income, asset, ownership, and distribution tests; virtually all assets and operating activity sit in Generation Income Properties, L.P.
Company facts
Key statistics
Year to date −93.6% · Average volume (30d) 11.5M
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 18, 2026Q2 FY26 | $2.40 | −$0.77 | −132.1% | $2.1M | $2.1M | −0.2% | −7.70% |
| Aug 17, 2026Q2 FY26 | $2.40 | −$0.77 | −132.1% | $2.1M | $2.1M | −0.2% | −29.43% |
| Aug 14, 2026Q2 FY26 | $2.40 | −$0.77 | −132.1% | $2.1M | $2.1M | 0.0% | −29.31% |
| May 15, 2026Q1 FY26 | $3.50 | −$3.10 | −188.6% | $2.5M | $2.2M | −11.5% | −3.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.4M | $2.4M | $2.5M | $2.5M | $2.2M | $2.1M | |
| Gross profit | $1.7M | $1.7M | $1.8M | $1.9M | −$596.6K | −$652.4K | |
| Operating income | −$1.5M | −$2.4M | −$1.7M | −$98.0K | −$99.2K | −$358.5K | |
| Net income | −$2.7M | −$4.4M | −$2.8M | −$359.5K | −$2.1M | −$1.1M | |
| Diluted EPS | −$5.00 | −$8.10 | −$5.20 | −$0.66 | −$3.10 | −$0.77 | |
| Gross margin | 73.3% | 71.1% | 74.3% | 77.4% | -27.3% | -30.9% | |
| Operating margin | -62.0% | -97.6% | -68.8% | -4.0% | -4.5% | -17.0% |
Fiscal years (4-quarter sums)FY21 $3.9M · FY22 $5.4M · FY23 $7.6M · FY24 $9.8M · FY25 $9.7M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.0M · Total debt $59.5M · Total assets $86.9M · Shareholders' equity −$2.3M
Dividends
Last cut to $0.039 from $0.054 in Oct 2022.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 14, 2024 | Jun 15 | Jun 28 | $0.039 | |
| May 14, 2024 | May 15 | May 30 | $0.039 | |
| Apr 12, 2024 | Apr 15 | Apr 30 | $0.039 | |
| Mar 14, 2024 | Mar 15 | Mar 29 | $0.039 | |
| Feb 14, 2024 | Feb 15 | Feb 29 | $0.039 | |
| Jan 11, 2024 | Jan 15 | Jan 30 | $0.039 | |
| Dec 14, 2023 | Dec 15 | Dec 30 | $0.039 | |
| Nov 14, 2023 | Nov 15 | Nov 30 | $0.039 |
Ownership
Shares outstanding 550.9K · Float —
Float — provider float is below the insider stake.
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| David Sobelman · director, officer: Chairman, President, CEO | 185.6K | 33.69% | Form 4 | Jul 29, 2026 |
| Armistice Capital, LLC | 109.9K | 9.99% | 13G | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Agree Realty
Closest retail net-lease acquisition rival for investment-grade tenants.
- Realty Income
Scaled rival for national single-tenant net-lease acquisitions.
- NNN REIT
National rival for long-term single-tenant retail net leases.
- Alpine Income Property Trust
Mandate-level rival in single-tenant commercial net-lease investing.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Generation Income Properties | $0.4169 | −0.83% | $238.1K | — | — | 0.0 | −12.7% |
| Agree Realty | $73.20 | −0.05% | $8.79B | 39.4 | 37.7 | 11.3 | +16.9% |
| Realty Income | $62.13 | +0.22% | $57.80B | 45.2 | 38.4 | 9.7 | +1.1% |
| NNN REIT | $45.67 | −0.01% | $8.69B | 22.4 | 21.9 | 9.1 | +7.0% |
| Alpine Income Property Trust | $19.53 | 0.00% | $322.7M | 101.0 | 29.9 | 4.6 | +34.6% |
| Median | 42.3 | 33.8 | 9.4 | +11.9% |