GENERATION INCOME PROPERTIES, INC.

General Information
Business:

(Note: IPOScoop has No Call on this offering – a NASDAQ uplift from the OTCQB Venture Market – and a unit offering of an internally managed REIT (real estate investment trust). Each Unit consists of one share of our common stock and one warrant to purchase one share of our common stock at an exercise price equal to 100% of the price of each Unit sold in this offering. The company expects the stock to trade under the symbol “GIPR” and the warrants to trade under the symbol “GIPRW” on the NASDAQ. This offering was initially filed in late December 2019. The deal’s terms were changed in an Aug. 18, 2021, filing to more units – 1.5 million, up from 1.25 million – at a lower price range of $10 to $12 – down from $12 to $14 – to raise $16.5 million.)

We are an internally managed real estate investment company focused on acquiring and managing income-producing retail, office and industrial properties net leased to high quality tenants in major markets throughout the United States. With interest rates at historical lows, we believe our focus on owning properties leased to investment-grade or creditworthy tenants provide attractive risk adjusted returns through current yields, long term appreciation and tenant renewals. 

We believe that single-tenant commercial properties, as compared with shopping centers, malls, and other traditional multi-tenant properties, offer a distinct investment advantage since single-tenant properties generally require less management and operating capital and have less recurring tenant turnover than do multi-tenant properties. 

We intend to use substantially all of the net proceeds from this offering to operate our existing portfolio of commercial real estate properties and acquire additional freestanding, single-tenant commercial properties. Once we qualify for taxation as a REIT, we intend to make regular cash distributions to our stockholders out of our cash available for distribution, typically on a monthly basis.

Note: Revenue and net loss attributable to shareholders are for the last 12 months that ended June 30, 2021.

(Note: Generation Income Properties priced its NASDAQ uplift unit offering at $10 – the low end of its $10-to-$12 range – on 1.5 million units – to raise $15 million.)

 

Industry: REIT
Employees: 3
Founded: 2015
Contact Information
Address 401 East Jackson Street, Suite 3300 Tampa, Florida 33602
Phone Number 1-813-448-1234
Web Address http://www.gipreit.com/
View Prospectus: GENERATION INCOME PROPERTIES, INC.
Financial Information
Market Cap $21.67mil
Revenues $3.67 mil (last 12 months)
Net Income $-1.87 mil (last 12 months)
IPO Profile
Symbol GIPRU
Exchange NASDAQ
Shares (millions): 1.5
Price range $10.00 - $10.00
Est. $ Volume $15.0 mil
Manager / Joint Managers Maxim Group LLC/ Joseph Gunnar & Co. LLC
CO-Managers -
Expected To Trade: 9/3/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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