Generation Income Properties, Inc. (NASDAQ: GIPR)

Generation Income Properties, Inc. is an internally managed real estate investment trust that focuses on acquiring and managing income-producing retail, office, and industrial properties net leased to high quality tenants throughout the United States. The company seeks to own properties leased to investment grade or creditworthy tenants to generate stable cash flows and long term appreciation. It believes that single tenant net leased assets require less management and experience lower tenant turnover compared with multi tenant properties. As of December 31 2025 the company owned a portfolio of properties that was 100 percent leased and occupied. The average effective annual rent per square foot across the portfolio was $16.19. Approximately 60% of the portfolio’s annualized rent came from tenants with an investment grade credit rating. The largest tenants by contribution to annualized base rent were the General Services Administration, Dollar General, and the City of San Antonio.

The company generates revenue principally from rental payments received from tenants under net lease agreements. In these leases, tenants typically bear responsibility for most property expenses such as real estate taxes, insurance, and maintenance. Rental income forms the core of the company’s earnings, supplemented occasionally by proceeds from property sales. The company also generates income from the occasional sale of properties, which can provide additional capital for debt reduction or other corporate purposes. In July 2024 the board of directors decided to suspend the regular dividend to common shareholders and unitholders.

The company does not report separate operating segments.

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Generation Income Properties, Inc. operates within the competitive net lease real estate sector where it faces competition from other publicly traded REITs, private equity investors, and institutional funds that often have greater financial resources. The company differentiates itself through an internally managed platform, a focus on creditworthy tenants, and a strategy of acquiring properties with strong tenant relationships and favorable lease structures. Its experienced management team and established relationships with financing sources also support its competitive stance. The company’s internal management structure allows it to maintain direct oversight of its assets and tenant relationships, which it believes leads to better communication and more proactive property management. Its focus on acquiring properties with long term lease terms and built in rent escalations aims to produce predictable cash flow growth over time.

The company’s tenant base includes a variety of national and regional businesses such as Dollar General, General Services Administration, the City of San Antonio, Best Buy, Fresenius Medical Care, Walgreens, and Tractor Supply. These tenants operate across retail, office, and industrial sectors and contribute to a diversified rental income stream. The General Services Administration, Dollar General, and the City of San Antonio together accounted for roughly 39% of the annualized base rent as of the end of 2025. Other tenants in the portfolio include Kohl's, Walgreens, and Tractor Supply.