Revenue: As of FY2026 Q1, the actual value is USD 2.184 M.EPS: As of FY2026 Q1, the actual value is USD -0.31, beating the estimate of USD -0.43.EBIT: As of FY2026 Q1, the actual value is USD -255.09 K.<h4>Overview and Portfolio Metrics</h4>As of March 31, 2026, Generation Income Properties, Inc. and its controlled subsidiaries owned 24 properties. Approximately 60% of the portfolio’s annualized base rent (ABR) was derived from tenants with an investment-grade credit rating of “BBB-” or better. The largest tenants, including General Service Administration, Dollar General, Kohl’s Corporation, PRA Holdings, and City of San Antonio, contributed approximately 69% of the portfolio’s ABR. The portfolio was 100% leased and occupied. Approximately 92% of leases provided for increases in contractual base rent during future years or extension periods. The average effective annual rental per square foot was $16.03. <h4>Revenue (Three Months Ended March 31)</h4>Total Revenue for Generation Income Properties, Inc. was $2,184,204 in 2026, a decrease of $197,391 compared to $2,381,595 in 2025, primarily due to property dispositions. Rental Income was $2,173,736 in 2026 versus $2,371,297 in 2025. Other Income was $10,468 in 2026 versus $10,298 in 2025. Fixed and In-substance Fixed Lease Income was $1,894,261 in 2026 versus $2,192,055 in 2025, while Variable Lease Income was $299,432 in 2026 versus $197,879 in 2025. <h4>Expenses (Three Months Ended March 31)</h4>Total Expenses decreased by $436,480 to $3,420,896 in 2026 from $3,857,376 in 2025. General and Administrative Expense was $406,443 in 2026, a decrease of $98,935 from $505,378 in 2025. Building Expenses decreased by $126,487 to $509,738 in 2026 from $636,225 in 2025. Depreciation and Amortization was $1,134,428 in 2026, a decrease of $158,333 from $1,292,761 in 2025. Net Interest Expense decreased by $200,669 to $981,598 in 2026 from $1,182,267 in 2025. Compensation Costs increased by $147,944 to $388,689 in 2026 from $240,745 in 2025. <h4>Profitability (Three Months Ended March 31)</h4>Generation Income Properties, Inc. reported an Operating Loss of - $1,236,692 in 2026, an improvement from - $1,475,781 in 2025. The Net Loss was - $1,266,147 in 2026, compared to - $1,797,460 in 2025. Net Loss Attributable to Generation Income Properties, Inc. was - $2,131,135 in 2026 versus - $2,731,859 in 2025. Basic &amp; Diluted Loss Per Share improved to - $0.31 in 2026 from - $0.50 in 2025. <h4>Cash Flow (Three Months Ended March 31)</h4>Net Cash Provided by Operating Activities was $451,160 in 2026, down from $718,214 in 2025. Net Cash Used in Investing Activities was - $7,491 in 2026, compared to $0 in 2025. Net Cash Used in Financing Activities was - $6,318,517 in 2026, significantly higher than - $700,596 in 2025. Cash and Cash Equivalents were $289,468 as of March 31, 2026, a decrease from $6,164,316 as of December 31, 2025. Restricted Cash remained at $34,500 for both periods. Interest Paid was $936,415 in 2026 versus $1,004,991 in 2025. <h4>Non-GAAP Financial Measures (Three Months Ended March 31)</h4>Funds From Operations (FFO) was - $102,264 in 2026, an improvement from - $210,913 in 2025. Core Funds From Operations (Core FFO) was $111,922 in 2026, up from - $168,380 in 2025. Adjusted Funds From Operations (AFFO) was - $253,869 in 2026, compared to - $66,911 in 2025. Core Adjusted Funds From Operations (Core AFFO) was $96,200 in 2026, an improvement from - $39,017 in 2025. <h4>Liquidity, Capital Resources, and Outlook</h4>As of March 31, 2026, Generation Income Properties, Inc. had total cash of $323,968, properties with a gross cost basis of $93,074,787, and outstanding mortgage loans of $48,287,293. Management has concluded that substantial doubt exists regarding the Company’s ability to continue as a going concern due to recurring losses and projected cash requirements. To address this, management plans to refinance and extend preferred equity and loans, optimize portfolio assets, and potentially divest properties. The Company has approximately $11,354,688 in debt maturities due within the next nine months, including loans maturing in May 2026. Generation Income Properties, Inc. is actively pursuing refinancing and other capital solutions, though success is not assured. The Company also faces Nasdaq listing compliance issues regarding stockholders’ equity and minimum bid price, with deadlines in August 2026 and July 2026, respectively. Recent property dispositions include the transfer of the 7-Eleven, Washington, D.C. property in March 2026, resulting in a - $185,069 loss on transfer, and the sale of the Morrow, Georgia Dollar Tree property in April 2026 for $1,458,000, with net proceeds of $639,152 intended for partial redemption of the LC2 Preferred Interest. Additionally, in May 2026, the Zaxby’s (Sanford, FL) and Dollar General (Cleveland, TN) properties were refinanced with a $3,800,000 loan, extending maturity to May 1, 2031, at a fixed interest rate of 5.70%.

Generation Income Properties | 10-Q: FY2026 Q1 Revenue: USD 2.184 M