GENERATION INCOME PROPERTIES INC C/WTS (TO PUR COM) | 10-K: FY2025 Revenue: USD 9.74 M

Revenue: As of FY2025, the actual value is USD 9.74 M.

EPS: As of FY2025, the actual value is USD -2.

EBIT: As of FY2025, the actual value is USD -617.72 K.

Overall Financial Performance

• Total Revenue from Operations: Generation Income Properties, Inc. reported $9,739,942 for 2025, a decrease from $9,762,636 in 2024.
• Total Expenses: Increased to $16,727,857 in 2025 from $14,894,980 in 2024.
• Operating Loss: Worsened to - $6,987,915 in 2025 from - $5,132,344 in 2024.
• Net Loss: Was - $6,389,000 in 2025, compared to - $4,872,888 in 2024.
• Net Loss Attributable to Common Shareholders: Increased to - $10,340,904 in 2025 from - $8,444,487 in 2024.

Operational Metrics

• General and Administrative Expense: Increased by approximately 4%, from $2,109,271 in 2024 to $2,191,051 in 2025.
• Building Expenses: Decreased by approximately 5%, from $2,673,624 in 2024 to $2,529,527 in 2025.
• Depreciation and Amortization: Increased by approximately 5%, from $4,765,203 in 2024 to $4,995,717 in 2025.
• Interest Expense, Net: Increased significantly by approximately 35%, from $4,286,546 in 2024 to $5,771,280 in 2025.
• Compensation Costs: Increased by approximately 17%, from $1,060,336 in 2024 to $1,240,282 in 2025.
• Gain on Sale of Property: The company recognized a gain of $1,936,446 from property sales in 2025.
• Loss on Extinguishment of Debt: The company incurred a loss of - $926,398 in 2025.

Cash Flow

• Operating Activities: Net cash provided decreased by $92,888, from $1,022,362 in 2024 to $929,474 in 2025.
• Investing Activities: Net cash provided was $23,108,724 in 2025, a substantial improvement from net cash used of - $5,773,323 in 2024.
• Financing Activities: Net cash used was - $18,486,821 in 2025, a significant change from net cash provided of $2,246,453 in 2024.

Unique Metrics

• Portfolio Occupancy: The portfolio was 100% leased and occupied as of December 31, 2025.
• Contractual Rent Growth: 92% of current leases provide for increases in contractual base rent.
• Average Effective Annual Rental per Square Foot: $16.19 as of December 31, 2025.
• Creditworthiness of Tenants: Approximately 60% of the portfolio’s annualized rent was derived from tenants with an investment-grade credit rating.
• Annual Base Rent (ABR) by Property Type (2025):
  • Retail: $5,124,539 (67% of total ABR).
  • Office: $2,003,341 (26% of total ABR).
  • Medical-Retail: $242,912 (3% of total ABR).
  • Other: $253,209 (3% of total ABR).
• Annual Base Rent (ABR) by Major Tenant (2025):
  • General Services Administration: $998,474 (13% of total ABR).
  • Dollar General (various entities): $1,009,038 (13% of total ABR).
  • City of San Antonio (PreK): $924,000 (12% of total ABR).
  • Kohl’s Corporation: $864,630 (11% of total ABR).
  • PRA Group, Inc.: $823,909 (11% of total ABR).
• Funds From Operations (FFO): - $1,057,652 in 2025, compared to - $403,014 in 2024.
• Adjusted Funds From Operations (AFFO): - $431,030 in 2025, compared to - $42,692 in 2024.
• Core Funds From Operations (Core FFO): - $37,783 in 2025, compared to $179,346 in 2024.
• Core Adjusted Funds From Operations (Core AFFO): $1,202,089 in 2025, compared to $372,920 in 2024.
• Outstanding Debt: $49,711,594 as of December 31, 2025.
• Debt Service Coverage Ratios (DSCR): The company was in compliance with all covenants as of December 31, 2025, with required DSCRs ranging from 1.20 to 1.50.

Outlook / Guidance

Generation Income Properties, Inc.’s near-term strategy focuses on improving its balance sheet and increasing stockholder equity and liquidity by marketing and selling up to 18 income-producing properties. The proceeds from these sales and anticipated equity capital-raising transactions are intended to reduce preferred stock obligations and commercial debt. The company does not anticipate resuming common stock distributions in the foreseeable future and expects cash flows from operations to remain relatively stable in the near term.