Generation Income Properties Inc. (GIPR) Financial Statements (2024 and earlier)

Company Profile

Business Address 401 EAST JACKSON STREET
TAMPA, FL 33602
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1173,71810,590
Cash and cash equivalents3,1173,71810,590
Receivables2419689
Prepaid expense280271188
Deferred costs  1,2801,280
Total current assets:3,6395,36612,146
Noncurrent Assets
Operating lease, right-of-use asset6,1526,233 
Property, plant and equipment21,99712,578 
Intangible assets, net (including goodwill)7,9903,1552,309
Intangible assets, net (excluding goodwill)7,9903,1552,309
Total noncurrent assets:36,13921,9662,309
Other undisclosed assets68,91436,87938,966
TOTAL ASSETS:108,69164,21053,421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt5372,587 
Due to related parties2,587 
Derivative instruments and hedges, liabilities537  
Total noncurrent liabilities:5372,587 
Other undisclosed liabilities73,63344,69630,146
Total liabilities:74,17047,28430,146
Temporary equity, carrying amount30,4505,7909,621
Equity
Equity, attributable to parent3,66510,69213,654
Common stock262522
Additional paid in capital18,47219,30819,052
Accumulated deficit(14,833)(8,641)(5,420)
Equity, attributable to noncontrolling interest406445 
Total equity:4,07111,13713,654
TOTAL LIABILITIES AND EQUITY:108,69164,21053,421

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues7,6335,4323,900
Gross profit:7,6335,4323,900
Operating expenses(11,089)(7,898)(5,548)
Operating loss:(3,456)(2,466)(1,648)
Nonoperating income
(Investment Income, Nonoperating)
   12
Interest and debt expense  (144) 
Loss from continuing operations:(3,456)(2,610)(1,636)
Loss before gain (loss) on sale of properties:(1,636)
Other undisclosed net income (loss)(985)(137)923
Net loss:(4,441)(2,747)(712)
Net loss attributable to noncontrolling interest(1,276)(490)(530)
Net loss available to common stockholders, diluted:(5,717)(3,238)(1,242)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(4,441)(2,747)(712)
Other comprehensive income   
Other undisclosed comprehensive income   
Comprehensive loss:(4,441)(2,747)(712)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,276)(490)(530)
Other undisclosed comprehensive loss, net of tax, attributable to parent   
Comprehensive loss, net of tax, attributable to parent:(5,717)(3,238)(1,242)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: